PSG: Football’s Greatest Project Anzhi Makhachkala Russia's Most Profitable Executive Transactions Electronics Ban To Create Chaotic Starts Doha GOALS Considers Global Options Names In The News Levante Board Says No To Sarver Sport1, ARD Split Europa League Matchup London To Host Freeze Big Air Cowboys Propert Deals Under Microscope
SBD Global/September 3, 2014/FinancePrint All
Serbia's daily Blic reported Russian energy provider Gazprom "is likely to purchase" Serbian football club Crvena Zvezda (Red Star) for €100M ($131.9M), according to ITAR-TASS. According to the newspaper, if the deal on the club’s purchase goes through, Gazprom "will be also the owner of a land area in Belgrade, where Crvena Zvezda’s 55,000-seat capacity stadium and other club’s facilities are located." As part of the deal at the issue, the Serbian government "will receive a compensation" of €40M ($53M), Belgrade’s municipal budget will gain €20M (more than $26M) and €40M ($53M) "will be channeled to repay the football club’s debts." Gazprom "has been the official sponsor of the titled Serbian football club since the five-year sponsorship contract was signed on July 12, 2010." Crvena Zvezda FC "is the most titled Serbian football club" (ITAR-TASS, 8/28).