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Al Assiouty sold to new owners, to be renamed Al Ahram FC

Al Assiouty sold to new owners, to be renamed Al Ahram FC
chairman Mahmoud has announced that the club have been sold and will be renamed Al Ahram Football Club.

The club were promoted to the Egyptian Premier League last season and managed to finish in ninth place as well as reaching the Cup semi-finals.

Mahmoud Al Assiouty has revealed that they agreed to sell the football club only, not the resort, meaning that the hotels and the football stadium will still be owned by Al Assiouty.

KingFut can confirm that former honorary president and current chairman of ’s Sports Authority  is the new owner of the club.

Turki Al-Sheikh first entered the scene of Egyptian football after becoming Al Ahly’s honorary president after Mahmoud El-Khatib “Bibo” was elected President.

Read: Turki Al-Sheikh lifts the lid on his relationship with Al Ahly board

Photo: Ryan Pierse/Getty Images

However, the relationship between the board and Al-Sheikh quickly deteriorated as the Saudi resigned from his position. Meanwhile, Zamalek President Mortada Mansour also appointed Al-Sheikh as the White Knights’ honorary president, but Al-Sheikh declined.

Al-Sheikh has returned to Egypt to fund Al Assiouty, who were promoted back to the top division at the end of the 2016/2017 season. The club shocked Al Ahly last season in the Egypt Cup, knocking out the holders with a 1-0 win in the quarterfinal.

They have already been linked with a number of big signings, including Egypt international Mohamed Magdy Afsha, Al Masry fullback Mohamed Hamdy, and Ismaily defender Mahmoud Metwally.

The funding will not be Al-Sheikh’s first venture this season after helping fund many signings for teams in the Saudi Professional League.

In addition to being a football/soccer and basketball enthusiast, I am currently pursuing a combined BS/MD degree at VCU. I also currently work as a Pharmacy Technician in my spare time.

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