Paying off the debts of the Magpies with stock exchange money! / Esteghlal will be reopened

According to Tejarat News, the two clubs, Esteghlal and Persepolis, or the Sorkhabi, were listed on the OTC market last year. In total, approximately 710 billion Tomans of liquidity was collected from underwriting, of which 350 billion and 500 million Tomans were the income of Persepolis Club and 359 billion Tomans were the income of Esteghlal Club.

The symbol of these two clubs is to be reopened soon. Accordingly, Ali Dolatshahi, the economic advisor of Esteghlal Club, announced yesterday that the symbol of Esteghlal will be reopened in the next few days. But there is still no news about Persepolis.

In early May, the head of the Office of Companies and Enterprise Preparation of the Privatization Organization said: “Persepolis Club has submitted a letter of approval to the Exchange Organization.” Once the license is obtained, the registration takes place, which takes one week to withdraw the money. In fact, the money is in the club account. However, the license to increase capital must be registered with the registration organization, and the license of the Privatization Organization and the Exchange Organization must also be obtained.

There is still a formal and specific time to reopen the symbol Magenta It has not been announced, but it is expected that at least one of the two symbols will be reopened in the second half of June.

What happens to the magenta underwriting money?

Hossein Ghorbanzadeh, head of the Privatization Organization, said: “It is a percentage of the resources for settling the debts that the two clubs reported in detail, which of these debts are overdue and which of them will increase the debt if it is not paid in the future. The commitment of the two clubs.

He continues: “According to the full report, details such as debts related to the player, transferees in person, tax debts and social security of the two clubs were presented in the previous meetings.” Accordingly, a percentage of resources are devoted to this issue. A percentage of these resources will be allocated to the marketing of their shares on the OTC market, and the bulk of these resources will be allocated to investment. (Exercise three)

Despite these statements, it seems that a large part of the liquidity from the underwriting of the magpies is spent on debt settlement. In the end, there is not much money left for the development and profitability of these clubs.