Mahmoud Taher – image courtesy Al Ahly official website
CAIRO – 7 August 2017: Al Ahly officially filed a new lawsuit against Saudi company MESC, in the context of the war raging between the two parties after the dissolution of Al Ahly club’s contract, asking for a large financial compensation.
According to an informed source inside Al Ahly club, the new lawsuit filed with the Cairo International Arbitration Center, witnessed the claim of Al Ahly Media Production Company to hold LE 140 million ($7.88M) due to the losses suffered by the channel over a period of seven years.
Al Ahly is seeking compensation from international arbitration after making sure of it’s weak chances in the other arbitration case currently pending between the two parties, which could cost the club’s treasury nearly LE 180 million.
Saudi company MESC signed contracts with Al Ahly in 2008, under which Al Ahly channel will manage to return a large percentage of the expected profits.
The company failed to manage the channel for many years, causing the cancellation of the contract by Mahmoud Taher’s administration during the last few years.