SportBusiness.com

Liege to go for IPO

Belgian soccer club Standard Liege is to sell up to 10 percent of its shares to the public according to local press reports.

Standard Liege is reported to be seeking a listing in Paris with the club hoping to earn about EUR4million ($4.2m) from the sale.
The monies generated will be used to help finance a youth training facility estimated to cost about EUR7.5m ($7.3m).
Standard Liege's board of directors has approved the sale after the club closed the 2001/02 season with a EUR320,000 profit, half of its earnings in the previous year and up from a EUR5.2m loss in the 1999/2000 season.