Is Esteghlal and Persepolis not profitable?

According to Tejarat News, the underwriting of Esteghlal and Persepolis in the capital market was completed last year. At the same time, many experts objected to the financial situation of the two clubs, saying that the magpies would be unprofitable.
Majid Eshghi, the head of the organization, told IRNA about the profitability of the shares of Sorkhabi and that it is said that the shares offered by Esteghlal and Persepolis have no material value for its buyers and will not be profitable: “This issue cannot be considered absolute.” In the case of other companies, if there is a positive or negative issue in their performance, the same story of profit or loss occurs and does not benefit the shareholders.
He added: “In the case of Esteghlal and Persepolis clubs, a committee has been set up to monitor and finance these resources so that the mentioned resources can be invested in such a way that in the long run, both the club’s expenses can be paid and these two clubs can be profitable.” Also, the valuation of Esteghlal and Persepolis is based on the amount of their assets and has nothing to do with the number of their fans.
Eshghi stated: There is a similar procedure in other companies. Some companies have made a profit with the right investment, and conversely, with the wrong investment, they have wasted the company’s resources and made no profit. Therefore, we can say that it is possible to pay dividends to the shareholders of Esteghlal and Persepolis; But as I said, it depends on a number of factors.
The reopening of the magpies is not clear
Meysam Fadai, CEO of OTC, regarding the underwriting of Sorkhabi, said: “The stages of increasing Esteghlal’s capital in the Companies Registration Office have been completed, but the capital increase of Persepolis Club is still ongoing.”
Accordingly, we should not rush to open the symbol of these two clubs and we should try to send more transparency from them to the capital market. At the same time, these clubs must apply for the reopening of the symbol, and issues such as securing their marketing resources must occur in order for the symbol of Esteghlal and Persepolis clubs to be reopened in the capital market.
Are Magpies Harmful?
Experts say that it is very likely that the symbols of Esteghlal and Persepolis will be reopened at a loss, and its future cannot be predicted correctly.
Examining the talks of experts, it seems that the reopening of the shares of Esteghlal and Persepolis clubs is done at a loss. On the other hand, some experts believe that the admission of bankrupt companies in this situation is to the detriment of the stock market and in the long run will lower the glass hall.
It should be seen that the situation of these two clubs will change after the reopening.