09 January 2025 GMT: 22:11

Legia Warsaw considers public share offering on Warsaw Stock Exchange

Legia Warsaw fans

By Jaroslaw Adamowski
April 22 – Legia Warsaw could launch an initial public offering on the Warsaw Stock Exchange (WSE) in the few next years, according to Dariusz Mioduski, the majority shareholder of the Warsaw-based club.

The IPO is one of the considered options of acquiring new funds for business development, Mioduski told local news agency ISBnews.

“We could think about this in a few years, but obviously, in business, just like in sports, you cannot plan everything in a very detailed manner. We are also thinking about other forms of financing the club,” Mioduski said.

According to Mioduski, the current regulations on stock companies in Poland impose a number of burdens on companies which plan IPOs, and that the stock market is not the best solution for clubs which aim to increase fan participation in the club’s financial activities.

“I don’t know if the stock market is the best vehicle to spur and then further increase fan participation,” he said.

In January 2014, Mioduski and Boguslaw Lesnodorski, Legia’s chief executive, took over the club. The two businessmen currently possess 80% and 20% of the shares in Legia, respectively. The shares were purchased from local media group ITI, and the value of the deal was not disclosed.

“Our goal for the upcoming year and for the following years is to lead a club which is kept in balance,” Mioduski said.

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