June 2, 2023

Dubai Week

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Malik Pyramids exits its investments in Egyptian Pyramids Club

The Egyptian Pyramids Club has released an official statement that the club’s owner, Emirati Salem Al Shamsi, has announced that he will stop his investments in the club and related projects such as the sports city and stadium due to a lack of equal opportunities. justice

In its statement, the Pyramids indicated its intention to hold a session at the end of the current season to consider the future of the club, noting that its statement released tonight was based on the club’s previous statement on January 13.

The move comes after the Football Association rejected Pyramids Club’s request to appoint foreign referees for next Monday’s Egypt Cup final with Al-Ahly, which will be officiated by an Egyptian refereeing committee.
The statement read: “Based on the previous statement dated January 13, 2023, the Pyramids Club Board of Directors and its owners have decided to disinvest in Pyramids Club due to lack of equal opportunity policy and lack of justice. and to hold a session at the end of the current season to consider the plans for the community club, sports city and stadium and the future of the club.” .

The statement added: “Pyramids took a number of steps in the Football Association, while bearing the full cost of bringing in foreign referees to the cup final at the club’s expense, which was rejected by the federation. The request violates regulations that set the request for a foreign referee 14 days before the match date, while the competition committee did not set the final date ten days earlier. He denied the presence of referees, in contrast to what was followed in the Egyptian Cup Final and League Cup Final in previous years.

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