Privatisation in store for Iran’s two biggest football clubs

Privatisation in store for Iran’s two biggest football clubs

Tehran's two top clubs have a decades-old rivalry (Esteghlal defender Saeed Baghvardani comes to the rescue of goalkeeper Nasser Hejazi when he heads out a humdinger by Persepolis striker Safar Iranpak (fourth left). Aryamehr [Azadi] Stadium, Tehran, May 1975. Esteghlal was then named Taj). / KAYHAN INTERNATIONAL WEEKLY.

By bne IntelliNews December 18, 2018

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.

#Privatisation #Iran’s #football #Persepolis #Esteghlal

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Uzbek officials visit Uzbek-Iranian joint venture for $274mn petrochemical project in Bukhara district

Officials from the Chamber of Commerce and Industry of Uzbekistan (CCI) and the Bukhara regional administration recently visited the Petrochem Sepehr joint venture. The venture, ... more

Iran warns Israel of obliterating war upon aggression on Lebanon

Iran's permanent mission to the United Nations has warned Israel that an "obliterating war" would ensue in case it embarks on a full-scale military aggression on Lebanon. It said on its X account ... more

Death toll at scorching Hajj in Saudi Arabia hits 1,300

Saudi Arabia's Health Minister Fahd al-Jalajel announced on June 23 that 1,301 people died during this year's Hajj pilgrimage, with the majority being "unauthorised pilgrims," according to the Saudi ... more

Dismiss

Chat with usLiveChat