The Belgian football club Club Brugge wants to go to the stock exchange. The football club, founded in 1891, announced its plans for this on Wednesday. The national champion, which includes the Dutch Ruud Vormer, Noa Lang and Bas Dost, will be the first Belgian football club to be listed on the stock exchange.
The date of the IPO and other information such as how much money Club wants to raise are still unclear. It is expected that four major shareholders will bring part of their interest in the football club to the stock exchange and no new shares will be issued.
The money raised from the IPO is reportedly intended to finance part of the new stadium. Club wants to say goodbye to the current Jan Breydel Stadium in the 2023/2024 season.
By going public this year, the football club hopes to benefit from its recent success. The Bruggelingen became champions last year and are now also in the lead. In addition, they have been doing well financially for some time.
Club Brugge joins a handful of other European football clubs with the IPO. Ajax is the only listed football club in the Netherlands. Ajax saw the stock price almost double in the past five years. In other countries, clubs such as Manchester United, Borussia Dortmund, Juventus and Olympique Lyon have already gone public.