Zamalek's interim committee headed by consular Ahmed Bakry revealed the financial status of the club as it confirmed that the club must pay EGP 1.5 billion to the Government Agencies.
In a statement, the interim committee said that the debts of the White Knights to government agencies are close to "one and a half billion Egyptian pounds, for the tax authority of all kinds, social insurance, endowments authority, and other government agencies."
It is worth mentioning that Egypt's sports and youth ministry suspended Zamalek's board of directors headed by Mortada Mansour due to financial irregularities.
On November 29, the ministry of youth and sports suspended on Sunday Zamalek’s board of directors due to financial violations.
In a statement, the ministry said that the the current board of directors will be temporarily excluded till the conclusion of the public prosecution investigations.
The decision is based on the conclusion reached by the financial and administrative inspection committee assigned by the Egyptian ministry to examine several financial and administrative violations.
The Decision is as follows:
1. Financial violations in committee report referred to public prosecution,
2. Zamalek’s board of directors, executive manager, and financial director will be temporarily suspended from managing club affairs until conclusion of the public prosecution investigations,
3. Youth and Sports committee in Giza will run the club affairs, form an interim committee to run the club affairs, selecting executive director, who will be added to the committee.
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