Menu
International Football

Usmanov Provides $16M Subsidy To Russian Football To Cover Cost Of Capello Payoff

Russian tycoon Alisher Usmanov has provided a non-repayable 1B ruble ($16M) subsidy to the Russian Football Union (RFS), which roughly corresponds to the compensation RFS is reportedly supposed to pay to fired national football team coach Fabio Capello. "I believe it is important for our government and public organizations to observe obligations they took on, including those before foreign specialists," Usmanov said in a statement distributed by his press service. "I hope that the our national squad's new coach will be able to unite the players, prepare them for victories and start a new series of Russian football's successful performances at international tournaments."

RIDING TO THE RESCUE: RFS announced it was firing Capello on July 14. The compensation he is to collect for the termination of the contract has never been made public, but, according to local press reports, it is between €8M and €15M. It is not the first time Usmanov, the second largest shareholder in Premier League club Arsenal, has come to RFS' rescue. Earlier this year, he provided two subsidies of 400M rubles ($6.3M) and 300M rubles ($4.8M), respectively, which were used to cover the organization's outstanding debts to Capello. RFS is expected to announce Russia's new coach this week.
Vladimir Kozlov is a writer in Moscow.

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

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/2015/08/05/International-Football/Russia-Football.aspx

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

https://www.sportsbusinessjournal.com/Global/Issues/2015/08/05/International-Football/Russia-Football.aspx

CLOSE