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Sunday, 7 July 2019

Turki Al-Sheikh sells Pyramids FC to Salem Al-Shamsi

Emirati investor Salem Al-Shamsi has formally acquired Egypt’s Pyramids FC from Saudi General Entertainment Authority chairman Turki Al-Sheikh, the club announced last week. Al-Sheikh had said in February that he had sold the club to Al Shamsi, before changing his mind, Ahram Online reports. Pyramids FC, formerly called Al-Assiouty, stands at second place in the Egyptian Premier League, four points behind Al Ahly. Turki Al-Sheikh invested significant funds in the club in a bid to dethrone Al Ahly, as part of a complex and well-documented relationship with Egyptian football.

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