Ownership
In May 2009, in the run-up to the 2009 presidential election President Mahmoud Ahmadinejad stated that the club will be privatized. It is expected that the transfer of the club to private investors will be a long process, largely due to problems with the club's financial documents and the debts that the club has accumulated that make it unable to be listed on the Tehran Stock Exchange. Shares for the club can be sold on the OTC market once it has removed all of its financial ambiguities.
The purchase of the club has been linked with UAE-based Iranian businessman Sirous Mahjoob, who may also be interested in buying Newcastle United. Mahjoob was said to be willing to buy the club immediately for $50 million dollars and claimed to have previously invested into the club under the reign of chairman Akbar Ghamkhar.
Read more about this topic: Persepolis F.C.
Famous quotes containing the word ownership:
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