According to Presidential Decree No. PD-102 of 24 March 2023, the privatization of football clubs has been defined.

According to the Asian Football Confederation, holding football clubs by a single state organisation creates an obstacle to the formation of a healthy competitive environment. To date, football clubs remain owned by state organisations and enterprises with state participation, with the state remaining the overall beneficiary.

In turn, this situation is not in compliance with international principles. Accordingly, it is planned to step by step increase the share of the private sector by privatizing the most attractive football clubs in the first stages.

Considering the above, in accordance with the relevant privatization programs, the State Assets Management Agency (hereinafter - the UzSAMA) announces the start of the public sales process for 100% state share in "Pakhtakor Futbol Klubi" LLC (hereinafter - the Asset / the Company).

Requirements, for further management and purchase of the state asset:

• Preservation and development of the football club's activity, promotion to the international level;
• Using all sports facilities, including the football field, which are on the balance sheet of the football club, exclusively for sports activities;
• Preservation and development of the academy of the football club "Pakhtakor".

Acceptance of proposals from applicants is carried out through the electronic trading platform "E-auksion" via the link below:

Link for participation in public sales

Information about the Company:

The Football Club "Pakhtakor" is a professional football club operating in Uzbekistan since 1956.

Legal address: 98A Islam Karimov Street, Tashkent city.

Web site: www.pakhtakor.uz

The sale of state Object will be carried out in the following two stages:

• Stage 1: applicants are pre-qualified for participation in the sale on the basis of the following terms: the completeness of the required documents, receipt of a deposit, eligibility of the draft business concept proposed as per the requirements for future usage of the assets, and that none of the applicants and related parties are on the sanctions lists of the European Union and the United States, major international financial institutions, as well as the low probability of being included in such lists in the future;
• Stage 2: the commercial proposals of the applicants (the purchase price and the period of payment), the receipt of a deposit (the amount of at least 5 percent of the price proposal), as well as the solvency are assessed.

At the first stage, applicants must complete the application form in Annex 1 (Annex 1a for Individuals) in Uzbek, Russian or English (preferred language of the applicant) by 18:00 (Tashkent time) February 15, 2024, and send through “E-auksion” electronic trading platform as an encrypted scanned attachment with the following documents:

а) for legal entities:

• certificate of registration as a legal entity and copies of approved charter;
• a complete list of the applicant, its founder and/or beneficiary as of the date of submission of documents (indicating the relevant shares and amount of the applicant in the authorized capital, if the payment is intended to involve the founder and/or beneficiary);
• draft business concept specifying the use of state assets based on the requirements for future use;
• a copy of the deposit receipt confirming that a minimum of 5% of the value offered for the state asset that the applicant plans to purchase has been transferred to a special account of "Organization of electronic online auctions" JSC given below.

b) for individuals:

• taxpayer identification number (for residents of the Republic of Uzbekistan), passport information;
• draft business concept specifying the use of state assets based on the requirements for future use;
• a copy of the deposit receipt confirming that a minimum of 5% of the value offered for the state asset that the applicant plans to purchase has been transferred to a special account of "Organization of electronic online auctions" JSC given below.

Within 3 working days from the date of the State commission for privatisation decision on the results of the first stage, UzSAMA will announce the results on its official website and social networks and official notifications will be sent to all applicants.

Applicants passed to the second stage of the sale process, must apply to the second stage in accordance with application form Annex 2 (Annex 2a for individuals) through “E-auksion” electronic trading platform within 5 working days after the publication date of the official announcement by UzSAMA.

Proposals should be sent in a sealed envelope or in encrypted scanned form through “E-auksion” electronic trading platform with the following documents:

• offer price of the applicant for the purchase of state assets;
• terms of payment for the purchase of state assets;
• a copy of the financial statements (Forms 1 and 2 of the accounting report) of the applicant for the last 3 years (along with confirmation of the tax authorities on the receipt of the report for residents and depreciation and revaluation of assets).

If the applicant is unable to pay as per its financial statements, the applicant must send a copy of the financial statements (Forms 1 and 2 of the accounting report) of the founder or beneficiary for the last 3 years (confirmation of the tax authorities on the receipt of reports for residents and depreciation along with evaluation indicators). In such cases, a letter of confirmation from the founder or beneficiary on the payment of benefits in the interests of the applicant must be attached;

other documents confirming the applicants’s capacity to pay (certificate of deposit, bank guarantee) must be sent in the event that the applicant is unable to pay as per his financial statements.

Special conditions:

1. The most optimal strategy project for the development of the football club's activities and implementation of international practices is selected;
2. in cases where the down payment amount is less than 35 percent in a sale conditional on installments, the remaining amount represents annual interest at the Central Bank prime rate;
3. if one proposal for the acquisition of a state asset is received at the first stage of the sales, the sales is considered to have failed;
4. if the applicant offers to pay the repurchase value of the state asset for a period of more than one month, his price offer is evaluated by bringing the price offer of the state asset to the current value;
5. The UzSAMA, from the date of sending the notification (except for force majeure cases), enters into a Purchase and Sale Agreement in the specified manner with the winner of the sales and the deposit made to participate in the sales will be included in the amount of redemption payments for the acquired state asset;
6. discounts are not applied for redemption payments made by the winner of the sales;
7. if the winner of the sales refuses to conclude a Purchase and Sale Agreement, the amount of the deposit made by him will not be refunded;
8. The State commission on privatisation or the Working Body, without assuming any obligations, may, at its discretion, suspend the sales at any time, as well as request additional information and/or clarifications from the participants during the sales process.

Special settlement account of the "Organization of electronic online auctions" JSC is used for the payment of the deposit:

In national currency: in UZS

Recipient: "Organization of electronic online auctions" JSC;
Recipient's account number: 20210000000792302012;
Recipient's bank: JSC "Alokabank”;
TIN: 305004780;
Recipient's bank code: 00401;

In the "Purpose of payment" section of the payer's payment order: the name of the state asset with the inscription "deposit" is indicated.

Foreign currency: USD

Recipient: "Organization of electronic online auctions" JSC;
Recipient's current account: 20210840800792302005 (USD);
SWIFT: JSCLUZ22;

In the "Purpose of payment" section of the payer's payment order: the name of the state asset with the inscription "deposit" is indicated.

Working Body – information about the State Assets Management Agency:

Address of UzSAMA: 100000, Tashkent city, Amir Temur Street, 6.

Phone numbers for additional information: (+99871) 259-22-56, 259-20-23.

Website: www.davaktiv.uz.

Dear entrepreneurs!

If you have any complaints or suggestions during the sales process, you can contact the helpline of UzSAMA (+99871) 259-21-37 or 1082.

Annex 1 of the announcement For legal entities (DOWNLOAD)

Annex 1a of the process For individuals (DOWNLOAD)

Annex 2 of the announcement For legal entities (DOWNLOAD)

Annex 2a of the process For individuals (DOWNLOAD)