A. Walid Abdel Wahab confirmed that the stadium experienced a sad night due to talk about selling the stadium 15/05/2024 | 10:37 AM
Cairo Stadium was converted in 2019 from a service body to an economic body, and in the same year the Corona pandemic occurred. During a period of two years, we were spending without return due to the lack of activities or any events to be held in the stadium.
He added: "The debt accumulated on the Cairo Stadium, and we needed a year or two before the stadium was transformed into an economic body. The debts continued to swell until 2021, and the debts reached 55 million pounds. Dr. Ashraf Sobhi, Minister of Sports, and the Council of Ministers intervened, and we had to find a solution."
In 2022-2023, we were able to reach revenues of 73 million and 800 thousand pounds, which is an unprecedented number, and we reduced losses from 55 million to 31 million. The losses will also decrease, and they will decrease by another 20 million this year.”