Press reports revealed, in the early hours of Friday morning, a resounding shock to Al-Ahly fans, after the relegation to the first division.
The echoes of the “historic relegation” of the first football team in Al-Ahly Club to the “First Division” Yellow League still dominate the Saudi sports street.
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And the first football team “relegated” to Al-Ahly Club, for the first time in its history, after occupying the fifteenth place, in the standings of the Prince Mohammed bin Salman Professional Cup 2021-2022.
According to the newspaper, “Al-Madina”, the contract of the Central Jeddah Company with Al-Ahly Club was canceled, so that the Castle of Cups would not receive an amount of 100 million riyals annually after landing.
The newspaper pointed out that the contract of the Central Jeddah Development Company to sponsor Al-Ahly includes a clause stipulating the cancellation of the contract in the event that the team is relegated to the first degree.
Last February, the company announced the signing of a 20-year partnership contract with Al-Ahly, according to which the club would receive 100 million riyals annually, with the possibility of reviewing the value of the partnership agreement every 5 years.
On the other hand, Al-Riyadia newspaper reported, “MG” sponsor Al-Ahly’s contract ended with the Western Club, and there is no intention among the officials of the car company, whose logo is placed on the chest of the first team shirt in the renewal.
In the same context, the investment and sponsorship contracts concluded by Majid Al-Nafiei’s administration, and whose end remains for a long period of time, do not have a penalty clause for cancellation in the event of a drop, and those companies have not yet reached with the local administration to terminate the contracts and this file will be opened within the days the next few.