(Persia Digest) – Speaking about the privatization of Iran’s top two football clubs, the IPO President stated: “Privatizing Persepolis and Esteghlal clubs with the current trend is not possible this year.”
Pourihosseini added: “It is highly unlikely that these two clubs will be offered on Iran Fara Bourse over-the-market exchange for private ownership by September, or even in the current year, without reforming their financial statements and structures.”
In answer to the question of whether the debts of the two clubs were the main obstacle, he said: “Their debts are not the only obstacle to privatization. They must be changed into public companies. Their main asset is their ‘brand’; otherwise, the two clubs have no tangible assets.”
Persia Digest (PD) reports that privatizing Persepolis and Esteghlal football clubs has been on the cards for over two decades in Iran. However, the topic took a serious turn last year and the government must now lay the groundwork for their privatization on Iran Fara Bourse by September this year according to the laws of the 2019 budget.