Gov’t Plans Block Sale of Shares in 2 Football Clubs

The government plans to sell part of its stake in the two main football clubs, Esteghlal and Persepolis, via block trading. 
Head of the Iranian Privatization Organization Hossein Qorbanzadeh made the announcement Friday in a talk with Fars News Agency.  
In mid-March, the two popular football clubs offered 10% stake via subscription that lasted for a month ending April 4. 
Qorbanzadeh said the IPO seeks to sell the remaining government shares via block trading and divest 50% of its share in the soccer clubs by September.