Club Brugge wants to go to the stock exchange in Brussels in the short term, according to the Belgian business newspaper The time to reveal. Should the IPO become final, the leader in the Pro League will have a scoop. Never before has a Belgian club appeared on the stock exchange located in the capital. It is still unclear how much money Bruges intends to retain from the ambitious stock exchange plans.
The time thinks that the stock market problems have to do with the ambitious stadium plans of Bruges. The leader of the list is looking for new accommodation with 40,000 seats, on the spot where the Jan Breydel Stadium now stands. The entire project should cost approximately one hundred million euros. Despite the corona crisis, Bruges is in good financial position. In the 2019/20 season, two club records were broken with a turnover of 137 million euros and 24.5 million euros in net profit. Due to participation in the Champions League and Europa League, millions more are pouring into Bruges.
According to various Belgian media, it is still unclear whether the IPO will take place through the sale of existing and / or new shares. However, it has already been established that the superpower from Bruges will enter the main market of Euronext Brussels. The club management of the Europa League participant, who will receive a visit from Dynamo Kiev in the return duel in the second round on Thursday evening, has not yet officially responded to the plans regarding the IPO.
If all goes well, Bruges will be the very first Belgian club to be listed on the stock exchange. In the Netherlands, there is not a single Dutch club outside Ajax that does business on the AEX in Amsterdam. The Eredivisie leader has been a listed club since 1998. Further in Europe, Manchester United, Borussia Dortmund, Juventus and Olympique Lyon have been issuing shares for some time.
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