Is the magenta symbol listed on the OTC market?

According to Tejarat News, in a situation where it was announced and emphasized that the offers of Esteghlal and Persepolis clubs will be offered on the OTC market until the end of February this year, this should happen by Saturday (February 19) and the symbol of magpies will be inserted in the OTC market. Let’s be.

Quoted from ایسناThe offering of Esteghlal and Persepolis clubs according to the model of capital increase from the place of spending shares by deprivation of pre-emptive rights until the end of February of this year, is an issue that has been repeatedly emphasized by officials, especially the head of the Privatization Organization. According to the promise, the symbols of Esteghlal and Persepolis clubs will be listed in the OTC market by the end of February, according to the promise of the Privatization Organization.

Hossein Ghorbanzadeh, the head of the Privatization Organization, recently emphasized in several promises that the transfer of Esteghlal and Persepolis clubs will be over-listed by the end of February this year; A promise that has been repeated over and over again in recent years by officials from the Ministry of Sports and Youth, the Ministry of Economic Affairs and the Privatization Organization, and has failed to materialize.

He also stated that in the letter we wrote to the AFC, we announced that the supply will take place in February 2022, which will be around February, but the exact date has not been specified.

How much was the value of Esteghlal and Persepolis determined?

According to the head of the Privatization Organization, in April of this year, the value of Persepolis Club was equal to 1800 billion Tomans and the value of Esteghlal Club was equal to 1600 billion Tomans, which amounted to 1000 billion Tomans was the brand of these two clubs.

(It was previously announced that 1,100 billion tomans out of 1,800 billion Persepolis and 1,000 billion tomans out of 1,600 billion Esteghlal belong to the brand.) .

How the situation of handing over Esteghlal and Persepolis

The head of the Privatization Organization had announced: “In the initial public offering model, the money is transferred to the state treasury account, but in the capital increase model, the people’s money goes to the club from the place where the shares are spent; However, the second model is not very different and is similar to the initial release with the participation of the people.

In the capital increase model, the company is listed on the stock exchange, and at the beginning of the transfer of public participation, it is as if they take a part of the shares and give the paid money to the club.

First, the assembly must be approved until the financial statements are approved, and then the valuation is approved by the transfer committee, and finally this event is accompanied by the insertion of a symbol in the OTC market and becomes a possibility for people to buy shares of the two clubs.

The transfer of 10 to 20% of these two clubs will take place through participation in the capital increase, and the shareholding structure of the two clubs will also change, and the Ministry of Sports and Youth, the Ministry of Economic Affairs and Finance, and the two clubs will move the process forward in an interaction. .

What percentage of the shares of Persepolis and Esteghlal belong to the people?

There is no doubt that at least 10 to 20% of the shares of these two clubs will be transferred to the people and it will be finalized by the end of February. “In addition, various individuals such as veterans, players, employees of the Ministry of Sports and Youth, and others can participate in the ownership of these two clubs.”

According to ISNA, despite numerous promises and promises in the twelfth government to transfer Esteghlal and Persepolis clubs to the private sector, in the end, this did not happen and the process of transferring Esteghlal and Persepolis clubs to the private sector in the twelfth government was not completed. The final decision on the privatization of the capital’s magpies was thrown to the thirteenth government, and the latest status of the privatization case of the two clubs indicated that it had been approved by the Supreme Privatization Board and at the same time by the Supreme Exchange Council. Privatization; The files of the two clubs will be submitted to the OTC Admission Board and the initial public offering will be based on the OTC announcement.