6 Hrs
Source:
عربي21
Al Habtoor’s Zamalek Bid
Zamalek is considering reducing its stake in its football company to below 51%, but not below 40%, and offering the remaining shares to investors. The club’s general assembly is due to vote on the proposal on December 8. Reports have cited offers worth up to EGP 5 billion, including an earlier EGP 1.8 billion offer that the club rejected, while the company was valued at EGP 3.5 billion. However, there has been no official confirmation that Khalaf Al Habtoor has submitted a new offer. Youth and Sports Minister Jawhar Nabil has called for a comprehensive legal review of the ownership structure, the relationship between the company and the club, and the procedures for convening the meeting. This comes amid objections within the board to giving up the controlling stake, while Zamalek has stressed that its name, logo and assets are not for sale.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)