Could Sawiris buy Al Ahly SC one day?

Could Sawiris buy Al Ahly SC one day? Egyptian business tycoon Naguib Sawiris on Wednesday said that he wanted to buy Al Ahly as he wanted the country to...
Sawiris
Sawiris

Could Sawiris buy Al Ahly SC one day?

Egyptian business tycoon Naguib Sawiris on Wednesday said that he wanted to buy Al Ahly as he wanted the country to draft a law, which allows the private company to own club like what happened to Liverpool and Manchester United.

“I am a big fan of Al Ahly and I always say that the Red Devils should have strong management as the issue is not only in the football. The club must have a marketing department, which specializes in managing the club’s resources,” Sawiris said in televised statements.

He also added that he is ready to support the Egyptian League champions at any time.

Naguib’s younger brother Nassef is chairman of Aston Villa, following the purchase of a controlling stake in the club by NSWE, a company he jointly owns with Wes Edens.

Ahly announced last month that the establishment of Ahly Football Company aims to manage and organize professional football and the work of academies, as well as, participating in various events and competitions, whether local, continental or global.

A sports law passed in 2017 allowed sports bodies to establish joint-stock companies and defined how they were established and who owns shares in them.

The law stipulates that companies that are established to practice sports services of all kinds must take the form of joint-stock companies, and these companies may offer their shares for public subscription in accordance with the provisions of the Capital Market Law, and their shares may also be listed on the stock exchange.

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