“Pakhtakor” football club is currently available for purchase

The State Asset Management Agency has announced the sale of the entire 100 percent state share in the "Pakhtakor Football Club" limited liability company.

Requirements for potential buyers include:

   - Elevating the football club's activities to an international level, fostering development.
   - Utilizing all sports facilities, including the football field, solely for sports purposes.
   - Ensuring the growth and enhancement of Pakhtakor football club's academy.

The sale of the asset involves two stages:

   - Initial qualification of applicants, considering document completeness, zakat money reception, acceptance of the proposed business concept in line with specified requirements, and ensuring applicants and related persons aren't subject to sanctions.
   
   - Evaluation of commercial offers, including purchase price, payment period, zakat money (minimum 5% of the price offer), and financial capability.

Asset details:

"Pakhtakor" is a longstanding football club in Uzbekistan since 1956, located at Islam Karimov Street 98A, Tashkent city. The asset spans 24.1 hectares, with a built-up area of 83,332.73 square meters and a useful area of 24,262.57 square meters. It's currently part of the state unitary enterprise "Municipal Asset Management Center."

Special conditions:

To privatize the club, a tailored strategy project will be chosen for football club development and international practices introduction. For installment sales with an initial payment below 35%, annual interest is applied to the remaining amount at the Central Bank's main rate.

If only one offer is received in the initial stage, sales are considered incomplete. Offers with a payment period exceeding one month are evaluated based on the current value.

After the auction, a sales contract is drafted with the winner by a governmental agency, and mortgage money paid during the auction is considered part of the state asset purchase payment.

The winner's purchase price at the end of asset sales won't receive any discount. If the auction winner declines the contract or withdraws, the paid mortgage money won't be refunded.

The state commission may halt the sale at its discretion, seeking additional information from applicants during the process.

Club privatization:

The president's decision on March 24, 2023, initiates the privatization of football clubs, including "Bukhara," "Nasaf," "Mash'al," "Lokomotiv," "Almalik," "Metallurg," "Bunyodkor," "Shurtan," "Navbahor Falcons,”