2 Football Clubs Ready for IPO

The financial evaluation of Tehran's two main football clubs is over and both are set to go public via the Iran Fara Bourse base market in the coming weeks. 
As per the assessments, Esteghlal Athletic and Cultural Club is worth 27.8 trillion rials ($104.9 million) and Persepolis Athletic and Cultural Club 32.1 trillion rial ($121.1 million), local news outlets said Sunday. 
According to the head of Iran Privatization Organization, Hossein Qorbanzadeh, 10% of the value of the clubs will be offered in the bourse.