Attempts are to be made to sell Iran’s two largest football clubs, Tehran’s Esteghlal and Persepolis, to the private sector.
The Iranian government on December 17 approved a Ministry of Sport and Youth proposal for the sale of the clubs, known for contesting the major crosstown derby in the Persian Gulf Pro League, known as the Red-Blue Derby. The plan was approved by President Hassan Rouhani earlier this week.
Hossein Mazari, vice president of the Iranian Chamber of Commerce, said private buyers would be willing to acquire the clubs but added that the acquisition terms must be clear and reasonable, Iran Student News Agency reported.
Disagreements within the clubs’ present ownership structures over shareholding transparency and meeting rules set down by international organisations like Fifa have kept the sale proposals on the back burner for several months.
Mazari mentioned international standards set by Fifa on television broadcasting rights and ticket sale rules as requirements that must be safeguarded and met.
The Cabinet said in a resolution that the Iranian Privatisation Organisation would carry out all stages of evaluation, pricing, determination of conditions and procedures for assignment to applicants in the sale of Esteghlal and Persepolis.
Iran’s private Sina Bank will launch an advanced artificial intelligence-powered neobank called Green Bank, Chief Executive Dr Ali Abdali announced, ANA reported on September 4. The neobank has ... more
Iran's Central Bank Governor Mohammad Reza Farzin said the bank has no plans to increase the IRR700,000 exchange rate, citing past experiences of severe inflation following currency ... more
The US Treasury Department has added 13 entities, eight vessels and one individual to its sanctions list for their role in facilitating Iranian oil exports through shadow fleet operations, according ... more