Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

International Football

Billionaire Lisin Likely Buyer For Russian Premier League Club FC Lokomotiv

Russian Premier League club FC Lokomotiv, currently owned by the state-run Russian Railways, is going to be sold to a private individual, most likely to metals oligarch Vladimir Lisin, the Russian online newspaper gazeta.ru reported on Wednesday. The report, based on the paper’s unnamed sources, claims Lokomotiv is hurriedly being prepared for sale as the Russian Railways management is disappointed with the team’s performance over the last few seasons. In '12, Novolipetsk Metals Plant Owner Lisin was Russia’s second-richest man with a net worth of $15.9B, according to Forbes. He is president of the European Shooting Confederation and the Russia Shooting Union. Lokomotiv, which won the Russian Premier League in '02 and '04 and reached the semifinals of the UEFA Cup Winners' Cup twice in the late '90s, has had a terrible run over the last few seasons. The squad has not won any medals since '06, and last season, it finished in ninth place, its worst-ever result. The appointment of former Croatia Manager Slaven Bilic as the side’s coach prior to the season and the annual budget of $115M, one of the highest in the league, apparently did little to restore the club’s once solid reputation.

SHAKE UP AT CLUB: The news about the possible sale of the club comes amidst reports that Bilic is likely to be replaced with Belarusian coach Leonid Kuchuk, who managed Kuban Krasnodar in the second part of the season, bringing the South Russian side to fifth place and a slot in the Europa League, the best result in the club’s history. If appointed, Kuchuk would become Lokomotiv’s 10th coach since '05. Lokomotiv’s and Lisin’s spokespeople were not available for comment on June 12, which is a national holiday in Russia.

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/06/13/International-Football/Russian-Club.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/06/13/International-Football/Russian-Club.aspx

CLOSE