Saw an exchange rate Egyptian Pound A new wave of decline, starting from last Wednesday, to drop to more than 27 pounds per dollar.
In this context, a member of the Board of Directors of the Egyptian Football Association, Ihab El-Komy, stated to "Sky News Arabia economy"The federation is looking to develop its financial resources, including the collection of debts from clubs, which amounted to 180 million pounds for clubs of all grades, and new sponsorship contracts have not yet been signed, and they are all included in the federation’s resources..
Al-Koumi added that the Egyptian Federation provides facilities for clubs to schedule debts, pay 20 or 30 percent, and then install the rest of the debt, as he revealed that Alahli football club By making a schedule, the Alexandrian Al-Ittihad Club also sent part of the indebtedness, explaining that the Egyptian Federation is about to organize the African Youth Championship and needs financial liquidity..
Al-Koumi explained that the rise in the price of the dollar in Egypt It will not affect the process of transfers and the inclusion of new players, because most Egyptian clubs contract with players from outside Egypt as a form of investment, as the Egyptian League is considered a station for the transfer of African players and others to leagues in Europe..
Al-Koumi gave an example of the success of small clubs in contracts with distinguished players, unlike the big clubs, where small clubs seek contracts with a small player in whom to invest, while large clubs resort to contracting with international players at a high value, and marketing it is difficult after that..
And the officials of the Football Association had refused to extend the winter transfer period, which opened its doors to clubs on the first of January and ends on the 31st of November this month, as the clubs were notified that the date set before is the last for the registration of winter deals..
negative effect
And at a time when the fans of the two great poles, Al-Ahly and Zamalek, are calling on the two boards of directors to contract with heavy-caliber players to compete for the local and continental championships and the Club World Cup for Al-Ahly, the financial crisis seems stifling for both clubs between fulfilling financial obligations within each club, new contracts, and the completion of projects within Club branches.
The former Egyptian international star, Tamer Abdel Hamid, head of the development and investment sector at Zamalek Club, told "Sky News Arabia economy"that the rise in the price of the dollar will of course affect all aspects of life, including clubs, as the player who was contracted two years ago at a value of one million dollars was equal to 15 million Egyptian pounds, and today one million dollars equals about 27 million Egyptian pounds, all of which are from the club’s budget and all budgets. Clubs in local currency, and this rise will burden these budgets.
The official in the Zamalek club added that any board of directors of any club is required to develop its club’s financial resources, meet the needs of members and make the fans happy, and therefore all are matters that require large financial resources..
Tamer Abdel Hamid, the former leader of Zamalek, confirmed that there are clubs that agree with foreign players to pay in dollars, which is the majority, and few agree to pay in the Egyptian currency, as the foreign player asks for his salary in foreign currency..
And the head of the development and investment sector in Zamalek club believes that the technical director of any club requests to contract with a player in a specific position, so the technical committee of the club brings several players to the coach to choose from them, and the financial value of each player is certainly considered and an attempt is made to balance the contract numbers with the club’s budget..
The more expensive the better
Engineer Farag Amer, the businessman and president of Smouha Club, had another opinion, as he stated to "Sky News Arabia economy"It is not necessary to contract with a high-priced player to be the best, but the highest player is the best on the field and distinguished from the rest of his colleagues, which is what distinguishes Smouha Club in its always choices in deals, as the Alexandrian club president confirmed that the tests of foreign players in the club depend on advanced systems that determine Player numbers and his history of injuries, with the presence of distinguished scouts in the club who are able to choose carefully.
Faraj Amer confirmed that it is possible in the current period to agree with the new deals to give them their salaries in Egyptian pounds, especially African players due to the density of their supply to Egyptian clubs, and thus the problem of the dollar’s rise is solved..
For his part, Engineer Adly Al-Qai’i, head of the football company at Al-Ahly Club, was content with a brief statement to "Sky News Arabia economy" He said that dollar It affects everything, including clubs and the quality of players that are recruited in any club.
The regulations of the Egyptian Federation allow 30 players to be registered in the first team for each club in all departments, and each club may register 3 players in the waiting list whose contracts continue even before the end of the second registration period, and they are not allowed to participate in matches unless they are added to the basic number during the registration period. Also, no club may buy players except within the limits of the budget provided by the club in the licensing file.
As for foreign players, a maximum of 5 foreign players are allowed to be registered in each of the first-section clubs, and 3 foreign players are allowed to be enrolled in the age stages with a maximum of one player in each stage, while it is not allowed to participate in more than 5 foreign players in one match for the first-section clubs..
The Egyptian Premier League has included in the current season so far 85 professional players from 26 countries, at the forefront of these are Nigerian players, whose number reached 19 professionals, while there are 23 professionals from North African countries, Tunisia, Morocco and Algeria, and these numbers are subject to change in the current transfer period, by increase or decrease..
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This crisis lies in the inability of many clubs to conclude deals with “foreign” players due to a height crisis dollar priceAnd this coincided with the decision of the Board of Directors of the Egyptian Football Association headed by Gamal Allam, last Tuesday, not to allow the registration of new players for all clubs except after paying the debts of all clubs and their indebtedness in favor of Egyptian Football Association.
Saw an exchange rate Egyptian Pound A new wave of decline, starting from last Wednesday, to drop to more than 27 pounds per dollar.
In this context, a member of the Board of Directors of the Egyptian Football Association, Ehab El-Koumi, stated to “Economy Sky News Arabia” that the federation is looking for developing its financial resources, including collecting debts on clubs, which amounted to 180 million pounds for clubs of all grades, and no signing has yet been made. New sponsorship contracts, all of which fall within the federation’s resources.
Al-Koumi added that the Egyptian Federation provides facilities for clubs to schedule debts, pay 20 or 30 percent, and then install the rest of the debt, as he revealed that Alahli football club By making a schedule, the Alexandrian Al-Ittihad Club also sent part of the indebtedness, explaining that the Egyptian Federation is about to organize the African Youth Championship and needs financial liquidity..
Al-Koumi explained that the rise in the price of the dollar in Egypt It will not affect the process of transfers and the inclusion of new players, because most Egyptian clubs contract with players from outside Egypt as a form of investment, as the Egyptian League is considered a station for the transfer of African players and others to leagues in Europe..
Al-Koumi gave an example of the success of small clubs in contracts with distinguished players, unlike the big clubs, where small clubs seek contracts with a small player in whom to invest, while large clubs resort to contracting with international players at a high value, and marketing it is difficult after that..
And the officials of the Football Association had refused to extend the winter transfer period, which opened its doors to clubs on the first of January and ends on the 31st of November this month, as the clubs were notified that the date set before is the last for the registration of winter deals..
negative effect
And at a time when the fans of the two great poles, Al-Ahly and Zamalek, are calling on the two boards of directors to contract with heavy-caliber players to compete for the local and continental championships and the Club World Cup for Al-Ahly, the financial crisis seems stifling for both clubs between fulfilling financial obligations within each club, new contracts, and the completion of projects within Club branches.
The former Egyptian international star, Tamer Abdel Hamid, head of the development and investment sector at Zamalek Club, told “Sky News Arabia Economy” that the rise in the price of the dollar will of course affect all aspects of life, including clubs, as the player who was contracted two years ago worth a million A dollar was equal to 15 million Egyptian pounds, and today a million dollars is equal to about 27 million Egyptian pounds, all of which are from the club’s budget and all club budgets in local currency, and this increase will burden these budgets.
The official in the Zamalek club added that any board of directors of any club is required to develop its club’s financial resources, meet the needs of members and make the fans happy, and therefore all are matters that require large financial resources..
Tamer Abdel Hamid, the former leader of Zamalek, confirmed that there are clubs that agree with foreign players to pay in dollars, which is the majority, and few agree to pay in the Egyptian currency, as the foreign player asks for his salary in foreign currency..
And the head of the development and investment sector in Zamalek club believes that the technical director of any club requests to contract with a player in a specific position, so the technical committee of the club brings several players to the coach to choose from them, and the financial value of each player is certainly considered and an attempt is made to balance the contract numbers with the club’s budget..
The more expensive the better
Engineer Farag Amer, the businessman and president of Smouha Club, had another opinion, as he told “Sky News Arabia Economy” that it is not necessary to contract with a high-priced player to be the best, but the top player is the best on the field and distinguished from the rest of his colleagues, which is what distinguishes the club. Smouha is always in his choices in deals, as the president of the Alexandrian club confirmed that the tests of foreign players in the club depend on advanced systems that determine the player’s numbers and his history in injuries, with the presence of distinguished scouts in the club who are able to choose carefully..
Faraj Amer confirmed that it is possible in the current period to agree with the new deals to give them their salaries in Egyptian pounds, especially African players due to the density of their supply to Egyptian clubs, and thus the problem of the dollar’s rise is solved..
For his part, Engineer Adly Al-Qai’i, head of the football company at Al-Ahly Club, made a brief statement to “Sky News Arabia Economy,” in which he said that dollar It affects everything, including clubs and the quality of players that are recruited in any club.
The regulations of the Egyptian Federation allow 30 players to be registered in the first team for each club in all departments, and each club may register 3 players in the waiting list whose contracts continue even before the end of the second registration period, and they are not allowed to participate in matches unless they are added to the basic number during the registration period. Also, no club may buy players except within the limits of the budget provided by the club in the licensing file.
As for foreign players, a maximum of 5 foreign players are allowed to be registered in each of the first-section clubs, and 3 foreign players are allowed to be enrolled in the age stages with a maximum of one player in each stage, while it is not allowed to participate in more than 5 foreign players in one match for the first-section clubs..
The Egyptian Premier League has included in the current season so far 85 professional players from 26 countries, at the forefront of these are Nigerian players, whose number reached 19 professionals, while there are 23 professionals from North African countries, Tunisia, Morocco and Algeria, and these numbers are subject to change in the current transfer period, by increase or decrease..