Egypt’s Ministry of Youth and Sports has outlined the conditions governing the proposed establishment of a football company at Zamalek Club, including the ownership structure and the authority of the club’s general assembly and administrative body.
Ministry spokesperson Mohamed El Shazly explained that the basic framework requires Zamalek to retain a 51% stake in the football company, while investors would hold the remaining 49%.
According to El Shazly, any proposal that gives investors a larger share could be rejected by the club’s general assembly.
Even if the general assembly approves a structure that increases the investors’ percentage, however, the administrative body would still have the authority to review the decision and could intervene if legal or regulatory obstacles are identified.
Three parties involved
El Shazly stressed that the creation of the football company does not depend solely on the decision of Zamalek’s board.
Instead, the process involves three key parties:
- Zamalek Club
- The club’s general assembly
- The administrative body
He said the three entities must work together for the establishment of the company to be completed in accordance with the relevant regulations.
The clarification comes as Egyptian clubs explore the creation of specialised football companies as part of wider efforts to attract investment, increase revenue and introduce more professional management structures within their football operations.
For Zamalek, the proposed company would therefore need to satisfy the ownership requirements while also receiving the necessary approvals from the relevant club and administrative authorities before it can be formally established.
