Canal Zamalek: debts are close to 1.5 billion

Tariq Yahya, host of the program “Zamalekawi”, on the Zamalek channel, related a report attributed to the committee appointed to lead his club talking about the economic situation in the White Castle.

During the episode of “Zamalekawi”, Tariq Yahya read the text of the statement that arrived: “In light of what was mentioned by the club’s CFO, the following became clear:

– Debts with government agencies amounted to almost 1.5 billion with the Tax Authority of all types and insurance, the Endowment Authority and other government agencies, and the amount also includes the debts assigned to 150 million cases and the debts with the Association of Soccer of 35 million.

– The volume of advances that were not paid in the previous year amounted to 53 million pounds and 20 million pounds for this year, the arrears required to collect from the tenants of the stores on the club wall, the number of 20 stores , approximately 21 million pounds, and the designated commission managed to collect 10 million from the sponsoring company. Collection of arrears amounting to 3.5 million and a half million “.

– The estimated budget of expenses for the sporting activity, which the club needs 500 million pounds, including the need to contribute 60 million all of them during the current week to pay the rest of the contracts of the last season in addition to the advances of footballers’ contracts, contrary to player contracts and contract introductions in other activities.

“The committee continues its work through the club’s financial controller to re-study the financial budget for fiscal year 2020/2021 and work on how to manage all financial benefits for the state and other agencies and the club,” it reads. the notice.