US economy slows to 1.6% in Q1 of '24 – BEA    EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sela Sport affirms commitment to Al Ahly's sponsorship deal, El Khatib orders forming investigate committee
Published in Daily News Egypt on 07 - 07 - 2018

Mahmoud El Khatib, president of Al Ahly SC, ordered forming a committee headed by Counsellor Mahmoud Fahmy, with the membership of Mohamed Morgane, executive director of Al Ahly; Mohamed Fathy, general supervisor of Al Ahly's legal affairs; and Saad Shalaby, marketing advisor to the club, to investigate the letter received on Saturday from Sela Sport Egypt, in which they affirmed their commitment to the club's four-year sponsorship contract worth EGP 500m.
This letter contradicted a previous one sent by Saudi Arabia's Sela Sport to notify the termination of the sponsorship deal due to disagreements between Al Ahly's management and Turki Al-Sheikh, chairperson of the Saudi General Authority for Sport.
Therefore, El Khatib decided to form the aforementioned committee to look into the issue and asked El Amry Farouk, vice president of the club, and board member Khaled El Darandaly to attend the meetings of the committee, which will begin on Sunday morning, to study the correspondence received from Sela Sport (both Egypt and Saudi Arabia) and submit its report to Al Ahly's council board to preserve the rights of the club.
Last June, Al Ahly signed a record sponsorship deal worth EGP 500m with Sela Sport after the Saudi firm outbid rivals Al-Ahram Advertising Agency and Presentation Sports, advertising and sports marketing agency, to secure a four-year contract.


Clic here to read the story from its source.