Top Belgian Soccer Team Shelves Initial Public Offering

Club Brugge's team players react during UEFA Europa League round  Club Brugge KV and FC Dynamo Kyiv, in Bruges, on Feb. 25. — Club Brugge's team players react during UEFA Europa League round Club Brugge KV and FC Dynamo Kyiv, in Bruges, on Feb. 25.
Photographer: Bruno Fahy/AFP/Getty Images

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By David Hellier and Swetha Gopinath

March 25, 2021 at 10:52 AM UTC

Updated on

March 25, 2021 at 1:25 PM UTC

This article is for subscribers only.

Belgian soccer team Club Brugge has postponed an initial public offering in Brussels, citing market conditions.

Club Brugge announced its decision in a statement Thursday. The team had originally planned to price the IPO Thursday and begin trading Friday on Euronext Brussels, according to a prospectus filed last week.