Ibrahim Abdullah, former interim committee member of Zamalek Club, has revealed that the club’s president, Hussein Labib, inherited a hefty debt burden upon assuming office, amounting to 1.2 billion Egyptian pounds.
Speaking in a televised interview, Ibrahim Abdullah shed light on the challenging financial landscape that confronted Hussein Labib’s administration upon assuming leadership of the iconic Zamalek Club.
“It’s important for the public to understand that Hussein Labib’s board inherited a substantial debt totaling 1.2 billion Egyptian pounds,” Ibrahim Abdullah disclosed, emphasizing the magnitude of the financial liabilities inherited by the new leadership.
According to Ibrahim Abdullah, Hussein Labib has meticulously navigated the club through various financial and administrative crises, implementing strategic measures to address mounting debts and contractual obligations.
“Hussein Labib has assembled an exemplary team dedicated to serving Zamalek’s interests for the years ahead.
His leadership has been instrumental in resolving financial crises, managing player contracts, and navigating challenges such as player registration and debt repayment,” Ibrahim Abdullah remarked.
The revelation of Zamalek Club’s significant debt underlines the complexities facing Hussein Labib’s administration as they strive to restore financial stability and sustain the club’s legacy of excellence.
Despite the formidable challenges, Ibrahim Abdullah expressed confidence in Hussein Labib’s leadership, highlighting his proactive approach in tackling financial hurdles and steering Zamalek Club towards a prosperous future.
As Zamalek Club continues its journey under Hussein Labib’s stewardship, the focus remains on fiscal responsibility, prudent management, and strategic planning to ensure the club’s enduring success and uphold its esteemed reputation in Egyptian football.
