The shares of Sorkhabi were transferred to Irancell and Hamrah Aval
According to Tejarat News, why Stocks of magenta granted?
As Hamshahri Online Reported data, the head of the Privatization Organization of the supply of part Stocks of magenta Off-exchange announced financial reforms in these two clubs. Hossein Ghorbanzadeh emphasized: the shares of Persepolis and Esteghlal will be transferred by the end of February. At the same time, the information received shows; After the OTC offering process, negotiations will begin to transfer part of the shares of these two clubs to two competing operators in the mobile market, namely Irancell and Hamrah Aval. This type of transfer seems to be the most optimal type of transfer of Indo Sports Club shares.
The issue of transferring the shares of two sports clubs has recently taken on new dimensions with the removal of Esteghlal and Persepolis from the Asian Champions League, with the vote of the AFC. The Asian Football Confederation (AFC) has given various reasons for removing the two clubs from the Champions League, the most important of which is their joint ownership. In such circumstances, the need to speed up the transfer process has become more apparent than ever. Now, as the head of the Privatization Organization says, part of the shares of the two clubs are to be transferred to the OTC market in February with the aim of reforming their financial structure.
The financial statements of the two clubs become transparent
As Hossein Ghorbanzadeh said: “This organization intends to offer the shares of these two clubs in the OTC market and in the orange sign in the first step to privatize a part of the shares.” The head of the Privatization Organization stressed that the reason for this decision is to help the financial transparency of the Magpies: The advantage of this type of transfer is that the financial statements of the two clubs become transparent. He added: “By offering shares of these two clubs in the OTC market of Persepolis and Esteghlal, they are required to present their financial information more accurately and this information will be made available to the public, thus increasing their financial transparency.”
Assignment to Irancell and Hamrah Aval
Simultaneously with the offering of shares of these two clubs in the OTC market, several study projects have been carried out on how to transfer the shares of these two clubs, and the most optimal method of privatization is the transfer of shares to two economically competing companies.
Because in the economic business environment, there are many companies that are similar to Persepolis and Esteghlal in terms of branding and job competition. Assigning them to such companies can optimize the competitive environment of the two clubs and increase their profitability.
Simultaneously with the offering of shares of these two clubs in the OTC market, negotiations are underway with two mobile operators, namely Irancell and Hamrah Aval, in order to transfer part of the shares of these two clubs to these two rival operators. According to the report, negotiations are underway to hand over at least two board seats to the two mobile operators, but the remaining board seats will remain with the Ministry of Sports.
Resistance of the Ministry of Sports against the transfer
It seems that the Ministry of Sports has resisted the transfer of all the board seats of the two clubs to one shareholder and is trying to continue to own at least a large part of the shares of the two clubs.
The head of the Privatization Organization said about the time of offering the shares of Persepolis and Esteghlal: “Both clubs have submitted their audited financial statements to the Privatization Organization, as a result, the shares of these two clubs will be offered in the capital market by the end of February.”
Hossein Ghorbanzadeh continued: “About the supply of these two clubs, a meeting is held almost every day in the Privatization Organization.” Meetings are also held three times a week with representatives of the clubs, the Exchange Organization and the Ministry of Sports to implement the model designed to increase the capital of the two clubs and increase the capital of the two clubs from the place of spending shares by depriving them of pre-emptive rights. According to him, the advantage of this type of capital increase is that the resources obtained from the capital increase are stored in companies and spent on the activities of these two clubs, and people can also participate in the capital increase.