The last details of the transfer of the magpies
According to Tejarat News, at the beginning of the meeting, “Hossein Ghorbanzadeh”, head of the Privatization Organization and Deputy Minister of Economy and Finance, said that after the removal of the two clubs from the AFC, the privatization process of the two clubs accelerated. It is the country’s economy and its essence is liquidity, and it is hoped that it will soon reach its true place in the economy. This will not happen unless the real sector of the country’s economy is privatized.
He pointed out that the two clubs, Persepolis and Esteghlal, have guarantees that such an experience may not exist anywhere in the world.
Ghorbanzadeh pointed to the easy and quick solution of a significant part of the problems of these clubs and said: “This issue showed that until today, no one has seriously pursued solving their problems, for example, the forgivable tax of these clubs, which before Was not done.
The head of the Privatization Organization for Pain Treatment called the problems of these clubs financial transparency and discipline, and said: “The clubs were registered with the Exchange Organization yesterday and will soon be listed on the OTC market.”
He continued: “The real value of these two clubs is their brand and their main asset is intangible assets, based on which valuation has been done.”
Emphasizing that the task of the Privatization Organization is to reform the financial statements and to take care of the stock price after the initial public offering, the Deputy Minister of Economy and Finance said: Will be done next year.
The entry of sports clubs into the capital market is a turning point for the industry’s economy
In the continuation of this meeting, “Sardar Ajrlou”, the CEO of Esteghlal Club, emphasizing that this great event causes transparency and the start of a clean football, said: “Esteghlal is a national wealth and it is important to preserve this national wealth.” Esteghlal is active as an economic enterprise in the field of the country’s economy.
Noting that Esteghlal Club has become a reality, he added: “Esteghlal will be the richest economic enterprise in the country with more than 35 million fans, and the shareholders of this club will be good partners.”
Noting that the entry of sports clubs into the capital market is a turning point for the industry’s economy, Ajrlou said: “It is enough for Esteghlal supporters to trust their economic partners.” In the near future, these two clubs will stun the country’s economy, provided that the Privatization Organization and the OTC are with us and that our partners and supporters trust us.
Widespread acceptance of Persepolis in the capital market
Continuing the meeting, “Reza Darvish”, CEO of Persepolis Club, also said: “Persepolis has a lot of wealth and tens of millions of fans who have not yet been able to use its capacity. Be welcomed.
Valuing independence based on the principles of international standards
In the continuation of this meeting, Jamshidifar, the valuation expert of Esteghlal Club, explained the valuation process of this club.
He stated: The current number is the number approved by the Board of Transfer and Evaluation of Shares for the purposes of submission to the Privatization Organization.
Regarding the price evaluation of Esteghlal Club, Jamshidifar said: “Due to the loss, we were not able to evaluate according to the profitability criteria and the method was based on NAV.”
Esteghlal Club valuation expert added: Esteghlal brand value is estimated at 1780 billion Tomans and real estate is estimated at 1400 billion Tomans.
Emphasizing that the brand valuation was done according to the principles of international standards and the numbers were finalized by review and verification, he said: the projected growth rate of 30%, discount rate of 25%, future revenues and revenues were estimated with 4 scenarios. And another common scenario in football is that the price of a brand is 10 times the price of a sponsor, which we also considered in the reviews.
Jamshidifar continued: For the year 1401, 260 billion Tomans of income was estimated and also according to the studies, the necessary reserves were considered for about 272 billion Tomans of estimated debt. The total debt adjustment is 170 billion tomans. Also, about 445 billion tomans is based on the book value of Esteghlal debt. Finally, the value of this collection was set at about 2790 billion tomans and 388 tomans per share.
Source: IRNA