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KOSTYA TSZYU SPORTS ACADEMY WANTS TO GO BANKRUPT

IP Pershin Evgeny Valeryevich applied to the Moscow Arbitration Court (case no. A40-243699/22) for the Kostya Tszyu Sports Academy LLC. Currently, the application has not been accepted by the court for production, but it is already known that the claim in the amount of more than 900 thousand rubles arose from the contract for the provision of legal services, under ...

HOCKEY CLUB IN KOMI SENTENCED TO BANKRUPTCY

... prohibited allocating funds from the treasury to support the work of the organization. As a result, the club began to be supported by sponsors' money. Sources cite insufficient funds from sponsors over the past few years as the main reason for the club's bankruptcy. It was on sponsorship receipts, in particular, that the players' salaries were paid. The republican authorities decided that the region still needs a sports organization. For this purpose, in June of this year, a new organization was established, called "Builder-Syktyvkar". It was established by the Republican Ministry of Physical Culture and Sports. Thus, a legal opportunity was opened to ...

Tennis player Becker found guilty of bankruptcy fraud

... count. The London court, which considered the Becker’s case, studied several dozen episodes of the offense brought by the prosecution and found the tennis player guilty on 4 charges counts, as he was acquitted on 20 more counts. When going through the bankruptcy process, the ex-athlete tried not to pay his debts, hiding part of the money and other property. Defenders in court tried to attribute his guilt to advisers who provided consulting services to Becker. It is known that the sports career that Becker completed in 1999 brought the 54-year-old tennis player about $ 50 million (about £ 38 million). During his testimony, he said that before moving to the UK, he had lived in Switzerland and Monte Carlo, where he managed to ...

The co-owner of the Alga clothing brand is driven to bankruptcy by Sberbank

The credit institution applied to the arbitration court of Tatarstan with a bankruptcy claim against Timerhan Ziyatdinov, who is one of the co-owners of the Alga company. The claim for 7.1 million rubles ... ... ‘Enterprise Factory’ educational project, supported by the Ministry of Economy of Tatarstan, Ziyatdinov has the status of a master of sports in judo. It is known that he also owns shares in other commercial organizations (Algaagro, Algawear, Algacustom). The businessman ...

UPS AND DOWNS OF ITALIAN FOOTBALL: 5 LANDMARK BANKRUPTCY CASES

... Football club Vicenza club filed for bankruptcy in January 2018. The sports brand, founded in 1902, was a national cup triumph in the 1996-1997 season. The magnificent game that Paolo Rossi played in the club's jersey became the legend of the world sports. After bankruptcy, the club was acquired by Stefano Rosso, who made a fortune in the fashion industry. As a result, the club's team successfully fights in Serie B, rising among the football divisions. ‘Parma’ Football club One cannot but recall Parma, which ...

NHL STAR EVANDER KANE FILES FOR BANKRUPTCY

National Hockey League forward, Canadian Evander Kane, was driven to bankruptcy by gambling. The forward said that he filed for bankruptcy after being unable to pay the $ 26.8 million in debt to his 47 creditors. The hockey player may have to miss the upcoming ... ... was a loan agreement for $ 3.9 million, concluded in September 2018 for business development. Under the terms of the loan, the sports club had to transfer the necessary amount of money to the bank, deducting it from the athlete's income. However, after ...

ADIDAS MAY REAPPEAR IN RUSSIA. AFTER THE SALE TO THE INVESTOR

The legendary German sportswear and footwear manufacturer Adidas may transfer the Russian division to an alternative foreign investor. If the decision is made, approximately 100 of the most profitable updated stores will open in Russia. Recall that the Adidas brand temporarily ...

60% of fitness clubs in Russia may close down due to rental problems

The Russian fitness market is threatened by another wave of liquidations. More than two-thirds of the fitness industry businesses can leave the market without, failing to enter into the agreement with their landlords. Club owners, who have experienced the effects of the restrictive crisis, have failed to convince property owners to set preferential rental rates. Olga Kiseleva told Vedomosti about the deplorable state of affairs. She heads the Fitness Industry Operators Association. According to...

THE 'SKYTHIAN' HANDBALL CLUB IS ON THE VERGE OF LIQUIDATION

The ‘Skythian’ sports club from Krasnodar, which has existed since 1963, found itself in a difficult financial situation. The leadership of the organization was forced to send a message to the RFH (Russian Federation of Handball) and personally to its president, Sergei ...

FORECAST FOR 2021: EVERY TENTH GYM IN RUSSIA WILL BE CLOSED

... money at all. Some of them are concerned about serious losses. According to experts, there are several factors that continue to negatively influence the industry. First of all, during the period of the pandemic, citizens have developed a habit of doing sports on the street. Very often, coaches who do not have the necessary knowledge and skills, provide them with compensated assistance in this. As a result, the gyms are left without clients, while to a slim and healthy body lovers, such workouts can ...

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