Domestic Economy
0

Iran's Two Major Football Clubs Approved for Privatization

Iran's Two Major Football Clubs Approved for Privatization Iran's Two Major Football Clubs Approved for Privatization

The Cabinet has given the nod to the privatization of two top Tehran football clubs, Esteghlal and Perspolis, by the Iranian Privatization Organization. 
The organization has been tasked with conducting the privatization process, including evaluation, pricing and setting conditions for the deals, Fars News Agency reported. 
A day later on Monday, Mir Ali Ashraf Abdollah Pouri-Hosseini, the head of IPO, said his organization is planning to complete the pricing process within two months and put them up for auction by the fiscal yearend (March 20, 2019). 
Perspolis (locally known as The Reds) had a private owner before the 1979 Islamic Revolution but the club was put under the control of Physical Education Organization (now the Sports Ministry) after the revolution.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com