Turki Al-Sheikh refuses to return to sports investment in Egypt
The head of the Saudi Entertainment Authority, Turki Al-Sheikh, refused to return to sports investment in Egypt after receiving two offers from local clubs, one of whom plays in the Premier League.
And press reports in Egypt revealed that “Al-Sheikh” informed the holders of the two offers that he had made a final decision not to invest in sports in Egypt after the experience of the Pyramids Club, stressing that his current focus is with Al-Mira Club, which he owns in the Spanish League.
Turki Al-Sheikh was subjected to a large public campaign by Al-Ahly club's supporters after he entered into disputes with the current administration headed by Mahmoud Al-Khatib.
The head of the entertainment authority in Saudi Arabia succeeded in buying the Pyramids club, which succeeded in just one season to be a strong competitor to the two Egyptian football poles, Al-Ahly and Zamalek.
But the ownership of the Pyramids Club later passed to Emirati businessman Salem Al Shamsi, who bought the club's entire share from Turki Al Sheikh.
Follow our latest local and sports news and the latest political and economic developments via Google news