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.
Related Articles
Central Bank of Iran provides over $25.8bn for imports since start of Persian year
Iran's Central Bank has provided more than $25.868bn in foreign currency for importing essential goods, medicine, industrial products and services from the beginning of the current Persian calendar ... more
Iran’s Bank Mellat records 45% to 59% growth in revenue and deposits
Bank Mellat achieved record growth of 42% to 59% in key performance indicators during the first five months of 2025, setting new records in Iran's banking system, Banker reported on September 7. ... ... more
US sanctions Indian petchem traders over Iran deals
The US Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned six Indian companies for their involvement in trading petrochemicals produced in Iran, according to a report released by ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago