Egypt’s Sports Law Faces Overhaul
Sweeping changes loom, including term limits and potential stock market listings for clubs.
Egypt’s sports sector is on the cusp of major reform as the House of Representatives has approved amendments to the sports law, signaling a new era for athletic organizations across the country.
Key Vote in Parliament
The Ministry of Youth and Sports announced that the House of Representatives has given its unanimous approval to the Ministry’s proposed changes.
According to a recent study, governance reforms like term limits can increase the efficiency and transparency of sports organizations by up to 30% (SportandDev.org).
Eight-Year Clause Added
**Mohamed Al-Shazly**, a spokesman for the Ministry of Youth and Sports, stated “It has been settled to add the 8-year clause in the new sports law and apply it without a retroactive impact.”
Debate Over Amendments
Previously, Al-Ahly had engaged with **Ashraf Sobhi**, Minister of Youth and Sports, to review the draft amendment to the Sports Law, before it was presented to the Prime Minister.
Government Approval
**Mustafa Madbouly**, the Prime Minister, had revealed that the government has given its initial approval to the new sports law, though official adoption is still pending.
Proposed Changes Outlined
The House of Representatives is currently reviewing proposed amendments to the Sports Law No. 71 of 2017.
One significant amendment under consideration is restricting board members of sports departments to serving no more than two consecutive terms.
Another proposal involves transitioning clubs and sports bodies into joint-stock companies, with the possibility of listing them on the Egyptian Stock Exchange.
