JAKARTA (14 March 2012) – Persib Bandung FC are hoping to become the first football club in Indonesia to be listed on the Indonesian Stock Exchange – offering up to 45% of their PT Persib Bandung Bermartabat (PBB) shares.
“In six to 12 months, we hope to go public or IPO (Initial Public Offering). This is our first announcement to start the IPO process,” Muhammad Farhan, the Promotions and Marketing Director of Persib said to detik.com this week.
Persib Bandung’s 70% share are held by PT Surya Eka Perkasa, owned by Glen Sugita, a former tennis player while 30% are owned by five other individuals.
“Our plan is to use the fund to develop a centre and training base according to AFC standard. The plan is important because world class coaches demand such facilities to enhance the quality of players,” added Farhan.