The Zamalek Club Board of Directors issued an official statement regarding backing down from establishing the football company or halting work on it.
Rumors have circulated in the past hours about halting the procedures for establishing the football company at Zamalek Club.
The Zamalek Board of Directors said in an official statement:
"There is no basis in truth for what has been circulated in the past hours regarding backing down from establishing the football company or halting work on it. The Zamalek Board of Directors, headed by Hussein Labib, has not taken any decision to stop work on completing the procedures for establishing the company"
"The Zamalek Board of Directors took, about two weeks ago, an official decision to establish the football company, after the approval of the majority of the board members, and it is a final decision with no direction to back down from it. The Board of Directors is currently studying the offers submitted by a number of investors, to select the best offer that serves the interest of Zamalek Club and ensures the success of the football company and the achievement of its desired objectives"
"After completing the study of all offers and reaching a final agreement with the investors, the matter will be presented to the Zamalek Club General Assembly, as it holds the original right to approve the investors' shares in the football company and its operating mechanisms, in accordance with the legal procedures and regulations governing the establishment of football companies".
Zamalek is racing to obtain the African license and participate in the African Champions League next season.
Zamalek Club announced via its "Zamlakawy" app that it has resolved all FIFA cases related to the African license in order to participate in the African Champions League next season.
The final deadline for securing the African license was July 25.
Thus, Zamalek has only one remaining case related to the disciplinary registration ban in the case of Moroccan Salah Eddine Mesdagi, which does not affect obtaining the African license.
Zamalek participates in the African Champions League as the Egyptian League champion.
Zamalek returns to the Champions League after an absence of 3 years, during which it participated in the Confederation Cup, winning the title in 2024 and losing the 2026 final.
