Romania’s Rapid Bucharest football club has filed a request with the Financial Supervisory Authority (ASF) to approve its listing on the Bucharest Stock Exchange (BVB).

Should this listing go through, Rapid would become the first listed football club in Romania.

“I have a request on my table from Rapid Bucharest for the listing on the local stock market. We are analyzing it but they still have some steps to make, namely to get their reorganizing plan approved by creditors and exit insolvency,” said Mircea Ursache, executive vice president of the ASF in charge with capital markets, cited by local Wall-street.ro.

Rapid is currently owned by Moldovan investor Valeri Moraru, who also owns a mineral water bottling plant in Romania. The club went into insolvency in 2012 and is now playing in Romania’s second football league.

The club’s previous owner, local businessman George Copos, also said in the past that he wanted to list it on the stock market.

Rapid is not the only local football club that had such plans. The owners of FC (Poli) Timisoara and CSU Craiova also announced they planned to list their clubs on the Bucharest Stock Exchange in the past, but they didn’t go through with the listings.

editor@romania-insider.com

(photo source: Rapid Bucuresti on Facebook)