Persepolis to be taken over by Foundation for underprivileged
TEHERAN, July 25 (AFP) - Cash-strapped Iranian first division giants
Pirouzi (Persepolis) are being taken over by a state-run foundation for
under-privileged people and an Islamic propaganda organisation, local agency
IRNA reported here Tuesday.
"The running of the club is extremely expensive. The club can no
longer continue without the financial support of the State," declared
Pirouzi director Mahmoud Khordebin.
The Pahlavi Foundation is known as an extremely strong financial organisation
and is responsible for the poor as well as mutilated war victims.
Pirouzi have topped Iran 's national league for some years but is facing
a financial crisis with some of the club directors under judicial investigation.