FC COPENHAGEN: DANISH CLUB EXPLORING PROPERTIES SALE INCLUDING STADIUM

F.C. Copenhagen - Wikipedia

Copenhagen FC owner, Parken Sport & Entertainment is exploring a sale of its 38,065 capacity Parken stadium, among other properties, with the intent of leasing it back.

The team is also looking to sell four office buildings near its stadium and two water parks.

The company valued its real estate portfolio at $208.3 million in November.

Parken’s stock leapt around 10% on Tuesday following the news.

In June 2021, the league joined eight others in bundling its overseas media rights into a package expected to secure $5 million to $20 million annually.

Parken earned $394.9 million in Q3 2021 revenue, a 102.3% year-over-year increase. The company suffered a 35.1% revenue drop in 2020 led to a $209.1 million operating loss.

Parken’s $145.5 million in net income in the third quarter marked its first positive net income in 12 months, after losses of $33.7 million, $54.4 million, and $84 million the previous three quarters.

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