América will arrive at the Mexican Stock Exchange

▲ The recent Mexican soccer champion joins a select group of teams worldwide that have participation in the stock markets. Photo Cuartoscuro and @clubamerica

Clara Zepeda

La Jornada Newspaper
Friday, January 26, 2024, p. a10

The América club will play on the field of the Mexican Stock Exchange (BMV) and wants to score a goal to help alleviate the drought of new companies that has affected the stock exchange entity since November 2017.

Soccer is a business that not only mobilizes millions of fans, but also millions of resources, but it has little participation in the stock markets, which is why América, with the ticker symbol Águilas, will be the first club in Mexico in listing on the Stock Exchange, which according to information sent to the financial authorities, they hope to register on February 20, 2024.

The Televisa Group submitted a listing request for América, the current Mexican soccer champion, to be listed separately on the BMV.

According to preliminary information in its placement prospectus, the club of businessman Emilio Azcárraga Jean plans to register 340,621 million shares or ordinary participation certificates representing the share capital of Ollamani, in the National Securities Registry (RNV), without For this purpose, a public offer is carried out. The total amount of registration in the RNV will be 376 million 843 thousand 302 pesos.

The company (Ollamani) was established as a public limited company, of Mexican nationality. It will not admit, directly or indirectly, as shareholders holders of Series A, B or D shares, of which the shares to be registered will be distributed, foreign investors or companies with a clause for their admission.

The story of taking a Mexican soccer club is not new. A few years ago it was thought that the first to arrive would be the Chivas team, América’s classic rival, but it never materialized.

Currently there are few football teams listed on the stock market, which, like companies in other economic sectors, have to make their financial information public, in order to make the profitability of the business transparent to investors who own their shares. .

Denmark is the nation with the most teams on the stock market, it has five: Aalborg Boldspilklub, AGF, Brondby IF B, Parken Sport and Silkeborg; Turkey follows with four: Besiktas, Fenerbahce Sportif, Galatasaray and Trabzonspor Sportif); Italy with three: Ace Roma, Juventus and Lazio; like Portugal: Futebol Clube Porto, Benfica and Sporting Braga; and with only one club: Germany (Borussia Dortmund), France (Olympique Lyonnais), Netherlands (AFC Ajax), Macedonia (Teteks ad Tetovo) and Sweden (AIK Football).

Furthermore, among the football teams that participate in the stock market, Manchester United stands out, an English team that reaches a market value of 3,178 million dollars, the highest among its rivals, as it exceeds that of Juventus three times and eight that of the German Borussia Dortmund, according to data from Yahoo finance.

2024-01-26 09:11:42
#América #arrive #Mexican #Stock #Exchange

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