A source inside Ghazl El Mahalla has denied reports claiming that 7 million Egyptian pounds were deducted from the transfer fee for Mahmoud Salah’s move to Al Ahly because the club’s sporting director revealed financial details of the deal to the media.
Truth Behind the Reported 7 Million EGP Deduction
The source confirmed that reports of a 7 million EGP deduction from Mahmoud Salah’s transfer fee because of comments made by sporting director Sherif El Khashab are not true.
The source explained that Ghazl El Mahalla will receive the full transfer value according to the terms of the agreement signed with Al Ahly.
Mahmoud Salah joined the Red Giants on a five-year contract.
Details of Mahmoud Salah’s Transfer to Al Ahly
Earlier reports revealed that Ghazl El Mahalla agreed to sell Mahmoud Salah to Al Ahly for an initial fee of 35 million EGP.
The amount is reportedly payable in two installments according to the agreement between the two clubs.
The deal also includes an additional 10 million EGP during the player’s first season with Al Ahly, along with a sell-on percentage for Ghazl El Mahalla.
Ghazl El Mahalla Retains 25% Sell-On Clause
The transfer agreement reportedly gives Ghazl El Mahalla the right to receive 25% of any future resale value of Mahmoud Salah.
This means the club could benefit financially again if the player is transferred to another club in the future, depending on the terms of the next deal.
Total Value of Mahmoud Salah’s Transfer
According to the reported financial details, the total value of Mahmoud Salah’s transfer to Al Ahly is estimated at between 50 million and 52 million EGP, after taking additional payments and related taxes into account.
Al Ahly is also responsible for the value-added tax associated with the deal, reportedly at a rate of 14%.
Did Ghazl El Mahalla Lose 7 Million EGP?
The source categorically denied reports that Ghazl El Mahalla would suffer a 7 million EGP financial deduction because the club’s sporting director disclosed details of the transfer.
The club is expected to receive its financial dues according to the signed agreement, with no reported deduction resulting from the statements.
Ghazl El Mahalla’s Position on the Deal
Ghazl El Mahalla remains committed to securing its full financial and contractual rights from Mahmoud Salah’s transfer to Al Ahly.
The latest clarification aims to end speculation surrounding the alleged 7 million EGP deduction and the actual financial value of the transfer.
Was 7 million EGP deducted from Mahmoud Salah’s transfer?
No. A Ghazl El Mahalla source denied the reports.
What is the reported total value of the transfer?
The deal is reportedly worth between 50 million and 52 million EGP.
What is the initial transfer fee?
Ghazl El Mahalla is reportedly set to receive 35 million EGP in two installments.
Are there additional payments?
Yes. The agreement reportedly includes 10 million EGP in additional payments during the player’s first season.
Does Ghazl El Mahalla have a resale percentage?
Yes. The club reportedly retains 25% of any future resale value of Mahmoud Salah.
