Zamalek: The White Citadel is a city of nearly a billion and a half government agencies

Tariq Yahya, host of the Zamalekawi program, announced on the club’s channel the statement issued by the committee appointed to manage the club, to reveal all the financial transactions of the club and the sums it received at the beginning of assuming the task, and the committee based on 9 points to clarify the size of the external debts and the fees of the Zamalek Club.

The statement was as follows …

The debts contracted by the club with government agencies amounted to almost 1.5 billion “with tax authorities of all kinds – social security – donation authority and other government agencies.” The sum also includes debts for 150 million case assignments and 35 million debts with the Football Association.

The volume of advances that were not paid in the previous year amounted to 53 million pounds and 20 million pounds for this year.

Arrears to be collected from tenants of the shops on the club wall (20 shops) are approximately £ 21 million.

The balances available before the date of 11/30/2020 are approximately “5416000” five million four hundred and sixteen thousand.

Upon receipt of the designated committee, the amounts available on the delivery record were one million two hundred fifty thousand pounds (1,250,000) in the club’s treasury.

It was found that there was a deficit of approximately “1200000” million two hundred thousand, through the review of the book of the actual inventory, and the matter was referred to legal matters to take the necessary actions.

During the past few days, the committee in question managed to raise 10 million dinars from the sponsoring company.

Collection of three million five hundred thousand pounds in arrears, “3,500,000” income and membership.

The estimated budget for sports activities expenses required by the club is £ 500 million, 5 billion, including the need to contribute £ 60 million during the current week to pay for the rest of last season’s player contracts, plus of football player contract advances, in contrast to player contracts and contract submissions in all other activities and committee. Continue your work through the club financial controller to re-study the financial budget for fiscal year 2020/2021 and work on how to manage all other benefits.

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