Officials from Zamalek have assured their counterparts at Zed that they will settle the outstanding financial dues related to the transfer of Mohamed Ismail, the former Zed player who moved to the White Castle during the last summer transfer window, in the coming days.
Zamalek begins procedures to pay 42 million Egyptian pounds to ZED Club as part of the Mohamed Ismail transfer deal.
Zamalek Commits to Pay Zed 42 Million EGP
Zamalek has failed to pay the installments for Mohamed Ismail's transfer to Zed on the agreed-upon dates, causing delays in Zed receiving the remaining financial dues from the deal.
The outstanding amount owed to Zed by Zamalek is approximately 42 million EGP, with the club having received only 7 million EGP so far from the total transfer value of 47 million EGP, which includes 2 million EGP as part of the resale percentage owed to ENPPI, Ismail's former club before his move to Zed.
The transfer contract for Mohamed Ismail to Zamalek also includes a clause that grants Zed an additional 2 million EGP if the White Castle wins the Egyptian Premier League, which they achieved last season, making this amount part of the agreed financial dues between the two clubs.
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