"We cancelled our agreements with ENPPI's duo Farag Shalabi and Ibrahim Al-Shayeb because of our financial crises. We cannot afford to pay any penny right now," Ismaili's football director Ali Gheit told FilGoal.com.

"We are now focusing on paying the player's installments especially Omar Gamal and Sherif Abdul-Fadil."

Gheit also revealed that the club signed a sponsorship deal that will earn them EGP 3 million but that won't be enough as they need EGP 6m.