12 May 2025
Thursday 11 July 2019 - 18:55
Story Code : 353928

Privatization of Iran's top two football clubs unlikely by March 2020

Financial Tribune - The planned privatization of Iran's two major football clubs, namely Persepolis and Esteghlal, is unlikely to be concluded in the current Iranian year (March 2019-2020), amid impediments to reforms in the clubs� structure and problems related to their financial statements, the head of Iranian Privatization Organization says.

�There are many hurdles on the way of privatization of Esteghlal and Persepolis, which will take a lot of time to overcome unless the parliament comes to our aid to transfer the ownership of the two clubs through Iran Fara Bourse," Mir Ali Ashraf Abdollah Pouri-Hosseini was also quoted as saying by Mehr News Agency.
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