Spartak Moscow's Stadium To Cost $426M; Russian Bank Signs Naming-Rights Deal

Russian billionaire Leonid Fedun announced that the new stadium currently being built for Spartak Moscow "will cost" 14B rubles ($426M), according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. Fedun told ITAR-TASS that Spartak "is already receiving funds for the investment from its sponsor, Russian bank Otkritie, under a naming rights deal" signed in February. The Red-Whites' home stadium "will be named Otkritie Arena for at least six years" under a 1.28B ruble ($39M) contract. Since the beginning of the '13-14 season, the bank's name "also appears on its squad's uniforms." The club's new 44,000-seat stadium "will host its first football match" on July 24. With Russia set to host the 2018 World Cup, Spartak's Otkritie Arena "will be one of the country's 12 host stadiums" (INSIDE WORLD FOOTBALL, 1/2).