Thanx for the info.
I am all in favor of a well calculated gradual privatization of the clubs but the business model is still poor. Its survival depends on the profits from another enterprise with no plan to move towards long term self sustainability. Don't get me wrong, I admire the investors who knowingly risk their capital for the love of the game, but in the long term that approach is unsustainable and produces poor organizational incentives at all levels.
Well to go more into the issue, you are correct, but i believe Hedayati has the right plan towards making Steel Azin a successful club.
Income for Hedayati is based mostly and i could say very well up to 80% based on his company
" Steel Azin " who must have a consistent annually income for Hedayati to splash cash left right & center.
Hedayati is also a major shareholder in the newly formed Iranian brand Majid.
I believe back when they were formed he invested around $800.000 in the company, a brand who is nearly dominating the Iranian League, and has surpassed other brands such as Shekari & even Daei in terms of sponsoring IPL & Azadegan clubs.
At the end of the day, you are right Bauvafa, and all this spending is aimed at 1 thing, and that's qualifying for Asia, and its a risk they have taken. And only time will tell if it pays off. If they slowly slowly work themselves up with proper management and financial planning they can easily become as solid and strong as Sepahan Isfahan.