Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


Football Bulletin: Dynamo Moscow's Financial Troubles
December 9, 2015 16:22


Photo Credit: http://abali.ru
FC Dynamo Moscow is expected to receive 3 billion roubles from VTB Bank as part of a sponsorship contract, according to the public procurement website, amid financial troubles that have plagued the team over the past time.
 
The club may use the funds to prepare for the games and will in exchange offer advertising services to the second-largest lender. VTB Bank will also receive the status of the general sponsor and the club’s official bank.
 
The contract is expected to last until December 31, 2016.
 
Dynamo Moscow is currently placed 11th in the Premier League, with 20 points in 18 matches.
 
Earlier, Russia-IC reported that Dynamo Moscow was beefed up by six Anzhi players who moved to Moscow after the Makhachkala club made a sudden U-turn on its ambitious strategy.

Igor Denisov, Yury Zhirkov, and Alexander Kokorin, with a total reported worth of 45 million euro, had to change their career plans after Anzhi owner Suleiman Kerimov decided to cut his investment into the club and sell off the stars, focusing on local players.

Later Dynamo Moscow also bought Vladimir Gabulov, Christopher Samba and Alexey Ionov, reportedly for 18 million euro.
However, the club was forced to part with many players, including Mathieu Valbuena after UEFA banned the side from Europa League for breaking financial fair play rules.
 
“Dinamo had been under investigation for overspending after the club spent more on player transfers and wages than its football-related revenue in 2014 financial accounts,” says ESPN FC.
 
Just ahead of this season’s launch, Stanislav Cherchesov was suddenly replaced with Andrey Kobelev, who pushed to cut costs and bring in young players.
 
Dynamo have slid into the mid-table and is currently facing an unpleasant possibility to move into relegation zone.
 
VTB Bank is Dynamo's long-standing main sponsor, building its stadium and developing the nearby area in central Moscow.
 

Sources: http://www.espnfc.com http://lenta.ru 

Author: Mikhail Vesely

Tags: Dynamo Moscow     

Next Previous

You might also find interesting:

Businessmen and Politics NLMK Issues 3Q Figures Paper Review: Gudkov's Banishment Top 3 Videos From Russia SWIFT Defies Calls to Disconnect Russia





comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
State Duma  Russian football  economic crisis  Sochi beaches  school shooting  Tourism Brand  Kabardino-Balkaria  Childhood  Russian Literature  Russian poet  Russian festivals  Nizhniy Novgorod Region  Russian people  Archeology  Laboratory Studies  Tragedy  Cards  Painting  Moscow events  Moscow  Leo Tolstoy  Vologda  Yermolino Airport  Russian Photographers  Karambol Theatre  Russian Cinema  Russian Arts and Crafts  Exhibitions in Moscow  Soviet Architecture  Taman  Bolshoi Theatre  Peterhof  children adoption  moon station  Cherdakly  Chelsea FC  Russian-US relations  Lake Baikal  Russian tourism  TNK-BP  Russian events  Russian business  Mercedes-Benz Fashion Week Russia  Russian spacecrafts  Speed Skating  Russian sportwomen  religion  luxury lifestyle in Russia  New Medicines  Russian history 


Travel Blogs
Top Traveling Sites