Zamalek defends football company plan as members protest 51% investor stake

Zamalek chairman Hussein Labib has denied that club assets will be sold, while general assembly members organized to press for review of the board's football company plan.

• Zamalek's board proposal grants the investor 51% of football company shares, leaving the club with 49%.
• Labib held a session with general assembly members, confirming the club's assets are not for sale and denying circulated capital figures.
• Labib promised repeated sessions with members until the general assembly convenes on December 8.
• General assembly member Magdy El-Sherif called members to gather at the club to demand the decision be reviewed.
• A Zamalek source said the club settled on the football company's share percentage and reached agreements with investors, but administrative approval is still required.
• The December 8 assembly will discuss lowering Zamalek's share to below 51% but not less than 40%, with the remainder going to members and investors.
• Former players, in a statement released by Tamer Abdel Hamid, rejected selling the controlling stake and urged the Ministry of Youth and Sports to review the plan.