{"id":543542,"date":"2022-02-07T03:44:10","date_gmt":"2022-02-07T03:44:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/"},"modified":"2022-02-07T03:44:10","modified_gmt":"2022-02-07T03:44:10","slug":"egypt-post-enters-the-sports-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/","title":{"rendered":"Egypt Post enters the sports market"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong> Egypt Post\u2019s investment arm, Post for Investment (PFI), has acquired 20% of <\/strong><strong>state-owned sports management company <\/strong><strong><a href=\"https:\/\/estadat.net\/\">Estadat Holding<\/a><\/strong>, Estadat CEO Seif El Wazery said at a press conference on Thursday, according to <a href=\"https:\/\/bit.ly\/3B3jvyE\">Youm7<\/a>. The partnership will see Egypt Post help raise Estadat\u2019s capital as it looks to expand as part of a five-year business strategy.<\/p>\n<p><strong>The price tag:<\/strong> The value of the transaction was not disclosed, but El Waziri was quoted as saying Al Ahly Pharos and PricewaterhouseCoopers\u2019 fair value assessment of Estadat valued the company at EGP 5 bn, implying the transaction was worth something in the EGP 1 bn range.<\/p>\n<p><strong>A new JV in the works? <\/strong>Estadat and PFI earlier this week signed an agreement to establish a new sports club management firm named City, <a href=\"https:\/\/bit.ly\/3uvMcmD\">Youm7<\/a> reported, without disclosing further details. The two companies als signed an agreement that will see PFI provide digital payments services to members of Estadat\u2019s sports clubs, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=03022022&id=5e42fc63-9dae-44b8-9035-7d9f83dd109e\">Al Shorouk<\/a>.<\/p>\n<p><strong>About Estadat:<\/strong> A subsidiary of state-owned media giant <a href=\"https:\/\/www.ums-eg.com\/en\/home-2\/\">United Media Services<\/a>, Estadat owns the <a href=\"https:\/\/cityclubeg.com\/\">City Club<\/a> chain of sports clubs, which has locations in over 15 municipalities nationwide. The company is also the <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/05\/mystery-company-estadat-takes-over-presentation-sports-7835\/\">majority shareholder<\/a> of Presentation Sports, which owns the rights to Al Ahly TV.<\/p>\n<p><strong>About PFI: <\/strong>The Post\u2019s private investment arm has appetite for industries including telecom, non-bank financial services, outdoor ads, and real estate, was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d3d431c-01c1-4b9a-9045-a157a38006dc\">mulling an IPO last year<\/a>. It has stakes in bold-name businesses in the telecoms and microfinance industries, among others.<\/p>\n<p><strong>Advisors: <\/strong><a href=\"https:\/\/wizefinancials.com\/\">Wize Financial Consultancy<\/a> acted as financial advisor to Estadat, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06022022&id=59a44cfd-cf7e-4ae9-a84c-e6417160a73a\">Al Shorouk<\/a>. Al Ahly Pharos acted as buy-side advisor to PFI, <a href=\"https:\/\/bit.ly\/34mDDQr\">Hapi Journal<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt Post\u2019s investment arm, Post for Investment (PFI), has acquired 20% of state-owned sports management company Estadat Holding, Estadat CEO Seif El Wazery said at a press conference on Thursday, according to Youm7. The partnership will see Egypt Post help raise Estadat\u2019s capital as it looks to expand as part of a five-year business strategy. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":543543,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[813,159,72,7128,825,826],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-al-ahly-pharos","tag-egypt-post","tag-enterpriseam","tag-ma-watch","tag-presentation-sports","tag-pwc","wpautop","entry"],"acf":{"mongo_id":"305abd1b-68f1-4143-86a9-0d34f243dcbe","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/75.jpg","photo_position":"above","related_issue":[543538],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt Post enters the sports market - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/egypt-post-enters-the-sports-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt Post enters the sports market\" \/>\n<meta property=\"og:description\" content=\"Egypt Post\u2019s investment arm, Post for Investment (PFI), has acquired 20% of state-owned sports management company Estadat Holding, Estadat CEO Seif El Wazery said at a press conference on Thursday, according to Youm7. The partnership will see Egypt Post help raise Estadat\u2019s capital as it looks to expand as part of a five-year business strategy. 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The transaction, for which no value was disclosed, is one of a series of \u201cbig surprises,\u201d Estadat said in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575909,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/03\/misr-clearing-offloads-70-stake-in-makkasa-sport-to-estadat\/","url_meta":{"origin":543542,"position":1},"title":"Misr Clearing offloads 70% stake in Makkasa Sport to Estadat","author":"enterpriseam admin","date":"3 November 2020","format":false,"excerpt":"M&A WATCH- MCDR offloads 70% stake in Makkasa Sport to gov\u2019t-owned Estadat: Misr for Central Clearing and Depository (MCDR) has reportedly sold its 71% ownership in Makkasa Sport \u2014 which manages football team Misr Lel Makkasa SC \u2014 to state-owned Estadat Holding, according to Amwal Al Ghad. The newspaper made\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575992,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/05\/estadat-holding-denies-purchase-of-egyptian-football-club\/","url_meta":{"origin":543542,"position":2},"title":"Estadat Holding denies purchase of Egyptian football club","author":"enterpriseam admin","date":"5 November 2020","format":false,"excerpt":"M&A WATCH- State-owned sports management company Estadat Holding hasdenied news it has purchased an Egyptian football club, without naming the club in question. Reports earlier this week claimed that the company had purchased Misr Clearing\u2019s 71% stake in Misr Lel Makkasa SC owner Makkasa Sport after beating out two other\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574957,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/28\/turki-al-shikh-estadat-holding-among-bidders-for-share-of-egypts-makkasa-sport\/","url_meta":{"origin":543542,"position":3},"title":"Turki Al Shikh, Estadat Holding among bidders for share of Egypt\u2019s Makkasa Sport","author":"enterpriseam admin","date":"28 September 2020","format":false,"excerpt":"M&A WATCH- Turki Al Shikh, state-owned Estadat and an unnamed Gulf buyer are competing for MCDR\u2019s stake in Makkasa Sport: Saudi investor Turki Al Sheikh, Estadat Holding and an unnamed Gulf buyer are all in the running to acquire Misr for Central Clearing, Depository and Registry\u2019s (MCDR) 71% stake in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575732,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/25\/misr-for-central-clearing-denies-claims-estadat-holding-will-buy-makkasa-sport\/","url_meta":{"origin":543542,"position":4},"title":"Misr for Central Clearing denies claims Estadat Holding will buy Makkasa Sport","author":"enterpriseam admin","date":"25 October 2020","format":false,"excerpt":"Misr for Central Clearing and Depository (MCDR) denied Thursday that a final decision had been made in the sale of its 71% stake in Makkasa Sport \u2014 which manages football team Misr Lel Makkasa SC \u2014 saying negotiations were still ongoing, local press reports. Earlier reports had alleged that the\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594917,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/pharos-has-a-transaction-pipeline-worth-egp-15-bn\/","url_meta":{"origin":543542,"position":5},"title":"Pharos has a transaction pipeline worth EGP 15 bn","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"Pharos Holdings has a transaction pipeline worth EGP 15 bn, Pharos\u2019 Managing Director and Head of Investment Banking Noha Ghazaly told the local press. The transactions include M&As and financing transactions in the food and beverage, healthcare, chemicals, and building materials sectors, Ghazaly said, without providing further details. Several of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543542"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543542\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/543543"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543542"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543542"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}