In a bold move FK Sarajevo, one of the most prestigious football clubs in Bosnia and Herzegovina, has opened the club to investors by going public. In an initial period from October 15 to November 15 individuals and smaller businesses will be able to buy shares for around 750 Euros each. In the second round, starting on November 15, bigger investors will be able to purchase more significant amounts of shares. In total there are 3000 shares up for grabs. A minimum of 20 shares means that the shareholder has one voting right.
With this move the club aims to get out of the financial debt of some 2.5 million Euros that has accumulated over the years. Furthermore, the managing board stresses that this will have another positive effect on the managing of the club and its decision-making processes.
In an interview with the news portal klix.ba, Edis Kusturica, member of the managing board of FK Sarajevo stated that three different investors from Turkey have expressed interest in investing into one of the leading clubs in Bosnia and Herzegovina. „We are preparing all documentation and will forward it to them very soon. After that they should be coming to Sarajevo. We will try to get them here when we play the derby with our city rivals Željezničar. That would be a great opportunity to let them feel the atmosphere of this city. Our delegation, who went to Turkey, mainly made positive impressions during the first round of negotiations.“
(by Tayfun Kesgin)
