Date: 11 months ago   Category: Sport

Fedun called a condition of an entry of Spartak into the exchange — Rambler News Service


Photo: Dmitry the Main shareholder and the chairman of the board of directors of the Moscow football club "Spartak" Leonid Fedun called Serebryakov/TASS a condition of carrying out public placement of shares of club. "If there is a financial stabilization (in Russia. — RNS) if we are able to come to a free cash flow which we in the long term can share with shareholders, then to this subject (entry of club into the exchange. — RNS) we will return. We haven't buried her, we have laid off her" — he has answered an appropriate question of RNS. At the same time he has said that he is pessimistic for the next two years. "In the conditions of financial turbulence which occurs I have, unfortunately, very pessimistic expectations for 2019-2020 from the point of view of a global situation" — Fedun has noted. According to Fedun when the question of an entry of Spartak into the exchange was considered, the club could provide itself. "When carried on this talk, I cost dollar about 30 rubles... Today Spartak earns about 5 billion rubles. On that money it was $120-130 million, there was enough this money for full providing team. At the moment, that devaluation has made nearly 250% it is clear that cash ruble flows which are generated by stadium and sponsor's contracts are insufficient for a covering of expenses of Spartak. Constant keshevy injections from shareholders of club are required, including me. In this situation to speak about the IPO it is still far-fetched" — Leonid Fedun has noted.

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