When does the stock market money reach the magpies?

According to Tejarat News, the underwriting of the magpies had a lot of margins, according to experts. Most experts believed that the two clubs would not benefit shareholders. But the Privatization and OTC Organization and other companies tried to encourage people to buy shares in Esteghlal and Persepolis with various advertisements, and they were somehow successful.

The underwriting of the Magpies was completed in the last days of winter, and finally 350 billion and 500 million Tomans of revenue for Persepolis Club and 359 billion Tomans for Esteghlal Club.

Mustafa Saffari, a capital market expert, said a few days ago about the profitability of magpies: “People should not seek to profit from these stocks.” The listing of sports clubs on the stock exchange is mostly done to help the fans and is not profitable. No interest is to be paid to the shareholders of Esteghlal and Persepolis. Also, the shares of these two clubs are listed on the orange OTC board and there is no complete transparency.

He stressed: “In the coming years, if the magpies become a profitable business, what the major shareholders of the club are and what their performance is, it will affect its shares, and now we can not expect a profit from these shares.”

Earlier, most experts had reported the loss of the two Magenta clubs. They stressed that shareholders should not expect to make a profit by depositing money into the club’s account and reopening the symbol.

It’s been a few weeks since the money was transferred to the Magpies’s account, but the two clubs are unable to use the available liquidity.

Was the money deposited in the magpies’ account?

Hossein Amir Rahimi, head of the Companies and Preparations Office of the Privatization Organization, told ISNA: “The situation of the two clubs is different.” The money was in the account of Esteghlal Club, and the registration license for the capital increase of this club was re-registered with the registration office, and it has also received the privatization license. The symbol of Esteghlal Club is ready to reopen so that people can exchange their shares. In fact, Esteghlal Club has access to the money, and the board can withdraw that money. However, according to the decision of the board of directors, the withdrawal of this money requires the formation of a committee to prioritize the expenses of the club and then withdraw the money.

He explained about the situation of Persepolis Club: Persepolis Club has submitted a bank approval letter 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’s account, but the license to increase capital must be registered with the organization, and the license of the privatization organization and the stock exchange organization must also be obtained.

Amir Rahimi answered the question when the committee will be formed: Since the Privatization Organization can not legally enter the sovereignty of the companies, the formation of the committee must be done through the board of directors of the two clubs. In this regard, the Ministry of Economy, through the agency of the Privatization Organization, monitors how the money is spent and regularly reports to the clubs.

Now we have to wait and see when this money will be deposited and whether these two clubs will be profitable or not?