Al Ahly’s great net worth is due to its growth and leadership. It is led by Mahmoud El Khatib, among Africa’s richest and most popular football players.
The former Egyptian footballer strived to make a legacy from his name and the football club. Not only is Al Ahly an Egyptian club, but it is also the pride of Africa and the richest football club in Africa.
Here is the story and details of Al Ahly’s owner and the club’s history.
Who owns Al Ahly?
The government of Egypt owns the Egyptian Premier League’s Al Ahly Football Club in Cairo. Al Ahly SC’s founder was Omar Lotfy, a High School Students Club president who brought up the idea in 1905 in the school’s board meeting.
Al Ahly was established on April 24, 1907, and is Africa’s biggest and richest club. They have gained their net worth through winning trophies and earning sponsorship deals from multinational companies.
Al Ahly has won 42 national league trophies, with 37 being the national cup and 11 being the national super cup. Since its establishment, the club has never been relegated to the lower division in the national league.
Does Mahmoud El Khatib own Al Ahly?
Mahmoud El Khatib does not own the Egyptian football club but leads it through his presidency. The current owner of Al Ahly SC is the government of Egypt, and Mahmoud El Khatib is the chairman.
The club was initially founded as a sports club for high school students to exercise or join for leisure.
Since Egypt was under British rule then, its first head upon its establishment was Alfred Mitchell-Innes, the British advisor to the Minister of Finance.
Who is Mahmoud El Khatib?
He is a retired Egyptian footballer born October 30, 1954, in Qarqirah, Dakahlia. He started his youth football career at Al Nasr in 1969 before moving to Al Ahly in 1971, where he played until retirement.
Mahmoud studied at the Cooperation Institute in Cairo, Egypt, though his course of study is unknown. Popularly nicknamed as Bibo, he is considered the greatest Egyptian footballer ever.
Additionally, he is among the best players in African football history. His net worth is estimated to be around $5 million.
What are Mahmoud El Khatib’s achievements in football?
While playing for Al Ahly, he won 10 Egyptian National Premier League cups, 5 Egypt Cups, 2 African Cup of Champions, and 3 African Cup Winners’ Cup. He also led the Egypt team to win the 1986 Africa Cup of Nations.
In addition to winning all the trophies, Mahmoud was also awarded the Arab Sportsman of the 20th Century. He also received the African Footballer of the Year in 1983, making him the first and only Egyptian to be awarded.
Mahmoud was elected as the vice president of Al Ahly in 2004 and was then elected to be the football club’s president on December 1, 2017.
As vice president, he served under the leadership of the club’s former president, Hassan Hamdy, for ten years.
He defeated his opponent, Mahmoud Taher, the club’s president, in 2017 with 2,774 votes. El Amry Farouk, the current vice president and former sports minister, won 19,923 votes during the election.
His opponent, Mustafa Fahmy, received 14,269 votes in the race.
What is Al Ahly’s net worth?
Al Ahly football club is estimated to be worth $29 million, making it the wealthiest club in Africa and among the top ten wealthiest clubs in the world.
On the other hand, Mahmoud El Khatib’s net worth is approximately $1 and $5 million.
Al Ahly’s net worth comes from endorsement deals, ticket sales, sponsorships, TV deals, and winning cups from premier leagues.
The Egyptian football club also has an official store chain to open official stores in Nasr City and around Cairo. They opened the initial store in 2011 but were later closed due to economic problems.
The official Al Ahly store was reopened by their kit supplier, the Saudi company, Sporta, and has since opened several branches nationwide.
Who is Al Ahly SC’s sponsor?
Al Ahly FC signed a four-year sponsorship agreement with FABMISR, one of the largest banks in Egypt, making them their official sponsor. This makes Al Ahly SC the official African Club of the Century banking sponsor.
Al Ahly is also historically the first football club to form a TV channel, Al Ahly TV. The channel has become successful since its formation and generates $661,000 annually.
It won the Egyptian sports TV channel of the year in an award presented by Al Ahram newspaper.
The football club also has worked with different partnerships that have led to the growth via sponsorships.
Over the years, they have partnered with Shell, Egyptian Steel, Domino’s Pizza, SAIB Bank, Coca-Cola Egypt, and Nestle.
