UAE business magnate Khalaf Al Habtoor has officially shut down speculation regarding his potential purchase of the Egyptian football giant, Zamalek. Addressing the swirling rumors that he intended to acquire the club or invest in its corporate assets, the 77-year-old billionaire clarified that there is no truth to these claims. He emphasized that he has never entered into negotiations, nor has he made any financial offers, labeling the circulating reports about alleged agreements or monetary deals as entirely baseless.

While Al Habtoor expressed his profound respect for the historic club and its passionate fanbase, he clarified that his past support for Egyptian sports—such as gifting cars to the national team following their impressive World Cup performance—should not be mistaken for an interest in club ownership. He noted that supporting youth and athletic initiatives is distinct from the complexities of managing a sports organization, a sector in which he holds no experience or desire to enter. The businessman concluded by calling for greater journalistic responsibility, urging media outlets to verify facts before linking his name to future investment projects.