Are the ambiguities of Esteghlal and Persepolis / Sorkhabi being sold expensively?
According to Tejarat News, the valuation of magpies ended last week. Accordingly, the value of Esteghlal was 2780 billion Tomans and the value of Persepolis was 3210 billion Tomans.
Experts say there are many ambiguities in the valuation of the two clubs that are not acceptable.
Mohammad Khabarizad, a capital market analyst, believes; This valuation has created ambiguity not only among football fans but also among capital market experts.
It seems that the supply of Esteghlal and Persepolis does not hurt the two clubs, part of the debts of these two clubs are supposed to be financed through the pockets of the people and through the capital market!
The assets are not transparent
Apart from the vague valuation, the assets of these two teams are also unknown. For example, Shahid Kazemi and Kargaran stadiums are for Persepolis and Hejazi camp is for Esteghlal, which cannot be cited due to the unclear document of these two clubs and the lack of public awareness.
On the other hand, the debts of Esteghlal and Persepolis have tax debts and debts for the transfer of players, the details of which are not clear.
The next issue is the lack of income of these two clubs. All over the world, more than 80% of football clubs’ revenue comes from fans and the television sector.
Juventus, for example, earned about $ 481 million in revenue last fiscal year. The stock market value of this Italian club is more than one billion dollars. 49% of the club’s total revenue, equivalent to $ 253 million, comes from television and radio broadcasting rights, while sponsorship and advertising revenue of $ 146 million, equivalent to 30% of total revenue.
But Esteghlal and Persepolis only spend the funds allocated by the Ministry of Sports and have no income.
Expensive Esteghlal and Persepolis
“The 24-year-old spell broke,” Hossein Ghorbanzadeh, head of the Privatization Organization, tweeted. Today, Esteghlal and Persepolis clubs were registered with the Exchange Organization. “The movement towards good corporate governance, operational transparency, financial discipline and the participation of people and fans in these two clubs began.”
But stock market activists reacted negatively to the offer. Abbas Ali Haqqani Nasab, an economic analyst, wrote: “Expose the five-year perspective of the magpies on the stock exchange, so that you are not accused of selling shares expensively. “The brand must be profitable, increase the range of fluctuations, so as not to cause false excitement in the form of buying and selling queues. Remember that sharp price changes will be an excuse to put pressure on shareholder fans.”
Other Twitter users also wrote:
“Mr. Ghorbani is not happy with the non-transparent offer. What goals have your veterans scored against these teams that now have to take a 5% stake in the initial public offering? Who gets the resources from the initial public offering? When will the management of these two clubs get out of the hands of the government? “No promise.”
“It’s a good thing to be offered, but now the feeling that makes me a fan and stockbroker is that every club is going to make almost ten million dollars by selling to people to have a healthy season! That is, the body capital is going to increase every year so that people only pay the losses and salaries of each season ?! not interesting”