A motorist drives in front of the club house of Bali United in Denpasar, on Indonesia’s resort island of Bali June 15, 2019. — AFP pic
The listing puts the team among top clubs Manchester United, Juventus and Borussia Dortmund which have also previously offered their shares. About one-third of team owner PT Bali Bintang Sejahtera Tbk was sold at 175 rupiah per share. Its ticker is BOLA, or ball in Indonesian. “The Bali United brand will become more positive as a professional club with massive support from fans,” said Iwan Budianto, acting chairman of Indonesian Football Association .
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