Esteghlal wasted the income from the initial stock market offering – Tejaratnews

According to Tejarat News, Hossein Gurbanzadeh, the head of the privatization organization, wrote on his personal page in cyberspace in response to his audience’s question about Esteghlal Club:

“I have always spoken documentary. For a year and a half, all my efforts have been for Esteghlal and Persepolis clubs, their success and financial discipline. Why should I stop? In the history of these two clubs, when was a model like 1401 designed when each club got more than 500 billion tomans of resources?! Where did the money come from to prevent me? Did anyone write anything to acquit himself, should you believe it? Little people destroy others to grow up. The solution is not to leave the big work to small people!

The behavior of the privatization organization was the same with both clubs, but the reason for the different fate of the two clubs is that first, the managers of Esteghlal spent all the resources and created huge debts. For example, last season, they signed a 7 billion contract with a 200 million player, 22 billion contract with a 2 billion player, etc., but Persepolis did not do this, and now, from the same stock exchange sources that they received with Esteghlal, more than 200 billion tomans in His account is available (which, of course, is the loan collateral of Shahr Bank).

Secondly, Persepolis generated the most income and earned about 150 billion tomans from sponsorship and… But Esteghlal managers could not earn this kind of money from sponsorship during one season. Well, the organization filed a complaint in order to protect the rights of the fans for the same reason of the special expense that caused them to be excluded from Asia, and at the same time, the CEO’s abuse of them. In addition, with the follow-up and guarantee of the organization for each club, two million and 500 thousand dollars loan was given from Shahr Bank to pay their foreign currency debts. Three times on TV, the CEO mentioned personal checks as demand and showed them, and the last time they took my name. I also answered and proved that these have been passed twice! On the other hand, the director of Persepolis did not waste the resources of the stock market, but Esteghlal did. If I kept silent and did not complain, you should have demanded retribution”.

Source: Tasnim