Should we buy Esteghlal and Persepolis shares or not?

According to Tejarat News, OTC today is the underwriting table of shares of Esteghlal and Persepolis clubs in the OTC market.

The important point is that magpies are offered as subscriptions. That is, after buying the shares of the blocked shareholders, the symbol will not be opened until the capital increase is registered.

Applicants can participate in the underwriting of shares of Esteghlal and Persepolis clubs.

In underwriting, each transaction code is allowed to register a ceiling of 300,000 Tomans from the stock of magpies. Accordingly, 11.5 percent of the shares of Esteghlal Club, equivalent to one billion and 236 shares, and 10 percent of the shares of Persepolis, which is equivalent to one billion and 34 million shares, will be listed on the OTC market.

Examining the financial statements of Persepolis and Esteghlal, except for 1400, when only Persepolis recognized a profit, they have not had significant income so far, and in general, both sports clubs have been loss-making.

Yasser Fallah, a capital market expert, says: “The pricing of these two clubs is a combination, and part of it is related to the value of physical assets and the other part is related to intangible assets.” The Asian Football Confederation has announced that Persepolis is the most popular team in Asia. Esteghlal Club has also become very popular with Asian fans, which are considered intangible assets and spiritual value. A game between Esteghlal and Persepolis can bring 100,000 people to the stadium. This can lead to wealth creation; So the stock price of these two clubs, although expensive, is not far from logic.