African trade ministers meet in Cairo to push forward with AfCFTA    Scatec's $3.6bn renewables portfolio part of Egypt's NWFE energy pillar    Egypt's stocks end lower on Sept 16    Egypt launches international architecture academy with UNESCO, European partners    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt's PM, Russian deputy PM discuss industrial zone, Dabaa nuclear plant    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Sisi tells global leaders at Macron's video conference: Israel crossed all red lines    Egypt to begin second phase of universal health insurance in Minya    Madrid trade talks focus on TikTok as US and China seek agreement    Power of Proximity: How Egyptian University Students Fall in Love with Their Schools Via Social Media Influencers    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



Egyptian Premier League's market value rises by EGP 941m
Pyramids FC made revolutionary changes in Egypt
Published in Daily News Egypt on 02 - 08 - 2018

Egyptian Premier League's 2018/2019 season, which started on Tuesday, witnessed a significant increase in its market value by EGP 941m, reaching about EGP 2.88bn, up from EGP 1.94bn last season.
Cairo giant Al Ahly leads Egypt's clubs with highest market value up to EGP 516m, followed by Zamalek with EGP 488m, and then Pyramids FC with EGP 449m. The three clubs' market value represents 50% of the league's market value, according to Transfermarkt.
Egyptian Premier League's boom came as a result of Pyramids' expensive transfer deals and the large number of transfers made by other clubs. Pyramids, previously known as Al Assiouty Sport, was bought by a Saudi investor who changed its name after the approval of the Egyptian Olympic committee and the Egyptian Football Association.
Pyramids FC completed the movement of 19 players valued at EGP 812m, not to mention these players' salaries. Pyramids' transfers came mainly from Brazil and the rest from Egyptian clubs with a total value of EGP 319m. The transfer of previous Zamalek star Omar Gaber from Los Angeles Galaxy did cost Pyramids about EGP 41m, marking the most expensive contract in the history of Egypt. Moreover, Pyramids will pay Gaber EGP 24m annually.
Pyramids also signed four Brazilian players, including Marcos da Silva França, commonly known as Keno from Palmeiras for €8.5m, Carlos Eduardo from Goias EC for €5.2m, Rodrigo Vasconcelos from Palmeiras for €5, and Lucas Ribamar of Atletico Paranaense for €4.5m.
Zamalek achieved the highest revenues in this summer transfer market, amounting to EGP 131.5m, of which EGP 120m came from selling the trio Ahmed Al-Shennawy, Ali Gabr, and Ahmed Tawfik to Pyramids.
Zamalek signed 10 players in the summer for EGP 81.5m, to make profits up to EGP 50m. However, Ismaily was the most profitable club in Egypt through achieving revenues of EGP 113.5m from selling a number of its players, while it signed a few players for only EGP 3m. Ismaily's contracting policy relies on free and young players. Ismail's highest transfer deal was Tarek Taha from Smouha SC for EGP 1.2m.
Unexpectedly, the holders Al Ahly signed only five players this summer for EGP 24m, including Salif Coulibaly from TP Mazembe. However, the club did not achieve any profits.
Egypt's summer transfer market included more than 200 deals, including Haras El Hodoud with 21, Pyramids with 19, Ismaily with 17, El Entag El Harby with 16, Tala'ea El Gaish with 15, Al-Gouna with 14, and Petrojet with 13. Al-Gouna was promoted to the Egyptian Premier League after two seasons of absence, and the club signed a number of experienced players, such as Ahmed Eid Abdel Malik, Mohammed Nagi “Gedo”, and Ahmed Said “Oka”.


Clic here to read the story from its source.