Deals

Top Belgian Soccer Team Has Star Power at Heart of IPO Pitch

Club Brugge valued at 229 million euros at IPO mid-point
Chairman-led investor group to sell 30% of Belgian club

This year, Senegalese winger Krepin Diatta moved from Club Brugge to France’s AS Monaco for almost 17 million euros.
Photographer: Dean Mouhtaropoulos/Getty Images

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By David Hellier

March 17, 2021 at 10:16 AM UTC

Updated on

March 17, 2021 at 12:30 PM UTC

This article is for subscribers only.

Club Brugge is about to join a select group of listed European soccer teams, offering investors a chance to back its promise of unearthing the next stars of the game.

The leaders of Belgium’s top division will go public via an initial public offering in Brussels on or around March 26, according to a Wednesday prospectus. Grizzly Sports NV, an investor group led by Chairman Bart Verhaeghe, will sell at least 30% of Club Brugge at 17.50 euros to 22.50 euros per share, giving it a market value of 229 million euros ($272 million) at the mid-point.