Olympic Sports Allocates 50% of Funding to Two New Sports Facilities

Olympic Sports is allocating 50% of its funding to two new sports facilities as part of its plans to expand the provision of sports services and activities.

Ziad El-Bassiouni, the company’s founder and chief executive, said Olympic Sports had signed contracts with two new schools under its expansion strategy.

The school agreements form part of the company’s push to extend its sports offerings. No details were provided about the schools’ locations or the activities planned at each site.

The funding allocation was highlighted in connection with Shark Tank. The information provided did not specify the total financing amount or a timetable for opening the new facilities.