Wed 02/July/2025 – 09:45 PM
Captain Hisham Nasr, Vice President Zamalek ClubThe investment item in the new sports law will definitely reflect on Egyptian sport in a positive and good way.
Hisham Nasr’s statements
Hisham Nasr, Vice President of Zamalek Club, said in exclusive statements to Cairo 24: Investing in sport is a good thing and a positive step that will enhance the Egyptian Sports Authority in general.
He added: Investors must be given powers to benefit the clubs, and thus will return positively to all parties.
The most prominent amendments made by the committee on the law included supporting and encouraging local and foreign sports investment in Egypt, by facilitating the procedures for establishing sports services companies, as the amendments included allowing the establishment of sports services companies in accordance with the provisions of the Companies Law, in which the sports authority contributes at a rate of no less than 51⁒ of the company’s capital in conjunction with its members or investors, and it is permissible to combine the membership of the Board of Directors of the Sports Authority and the Board of Directors of the Sports Services Company that is established by that authority without Vs.
The amendments also included the removal of many problems in the existing sport law and the treatment of overlap in some specializations, without interfering in the affairs of mathematical bodies, and the stipulation of providing the necessary financial credits to pay the amounts due to sports bodies in cases that require this, and the development of an integrated organization for the settlement and sports arbitration to end mathematical disputes arising from the implementation of the provisions of the Sports Law.
The committee also agreed to tighten the penalties prescribed for the crime of infringement on sports bodies and facilities, insulting crimes, defamation, urbanization, hate and discrimination during or on sports activity, and other crimes negatively affecting sports activity.
