The president of Alexandria Union, Mohamed Ahmed Salama, revealed that the club is dealing with significant financial burdens due to its extensive range of sports activities. The club supports 19 different sports, which results in substantial expenses. This situation has prompted the management to look into new investment projects. Salama expressed his gratitude to Mohamed Mesilhi, who played a crucial role in his appointment at the club.
Salama highlighted the historical significance of basketball in Egypt, noting that the sport's popularity began with legends from Alexandria Union. He also mentioned that the salaries of basketball players in the club are comparable to those of football players. Unlike other popular clubs such as Al Ahly and Zamalek, Alexandria Union stands out due to its wide array of sports offerings, which sets it apart from more community-focused clubs like Al Masri and Al Ismaily.
The club's financial struggles were particularly pronounced in the previous season, where the primary concern was avoiding relegation from the league. This led to the recruitment of players on loan with substantial financial commitments. Salama acknowledged the support received from various donors who contributed significant amounts to the club, although these contributions only represent a small fraction of the overall expenses.
In an effort to secure sustainable revenue, Salama has requested a meeting with the Minister of Youth and Sports, Gohar Nabil. The goal is to present investment project proposals, similar to those implemented by Zamalek, which recently launched a new branch in Smouha. Salama expressed hope for a favorable response, which would enable the club to generate consistent income.
One of the proposed investment projects involves the development of a mall in the club's Shalateen branch. Salama confirmed that a comprehensive plan for this project has been submitted to the Minister of Youth and Sports, with the anticipation of approval. The successful implementation of such projects could provide a vital source of steady revenue for the club.
The club's management is under pressure to meet the expectations of its fans, who consistently demand success across all sports disciplines. Salama emphasized the challenges of balancing financial constraints with the need to maintain competitive teams across 19 sports. This balancing act is crucial to ensuring the club's stability and future growth.
As Alexandria Union moves forward with its investment plans, the club aims to create a sustainable financial model. This approach will help mitigate the financial strain caused by its extensive sports offerings, ultimately contributing to the club's long-term viability and success.
Key points
- Alexandria Union has 19 sports teams and faces significant financial challenges.
- The club is exploring investment projects to secure sustainable revenue.
- Proposed projects include the development of a mall in one of its branches.
