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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 ...

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 ...

HOCKEY CLUB IN KOMI SENTENCED TO BANKRUPTCY

... Legal Entities. In particular, information was confirmed that on June 6, the club formed a liquidation commission. As a result, on July 1, the Komi arbitration began the insolvency case, setting the date of the first hearing for August 23, 2022. The sports club emerged in 2015 in the form of an autonomous NGO (ANO). Its founder was Konstantin Agafonov. He also took the post of president of the club. However, in 2016, the authorities legally prohibited allocating funds from the treasury to support ...

Tennis player Becker found guilty of bankruptcy fraud

... 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 ...

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 ...

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

... court. What is the reason for Ziyatdinov's debt to Sberbank has not yet been disclosed. Being a participant of the ‘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 himself has not yet contacted the press. Representatives of Alga company stated that the relationship of its co-owner ...

UPS AND DOWNS OF ITALIAN FOOTBALL: 5 LANDMARK BANKRUPTCY CASES

It is difficult to surprise the world of Italian football with the high-profile bankruptcies. Sports clubs that could have played in Serie A yesterday suddenly find themselves in Serie D due to the accumulated debt and financial problems. ‘Chievo’ Football club One of the last cases was the bankruptcy of the Chievo club from Verona. The sports ...

SALE OF BEER AT STADIUMS MAY BE LEGALISED IN RUSSIA

The Russian government is preparing a bill that will allow the sale of beer at sports stadiums. The innovation will affect not only football matches but also other sports, if adopted. At the same time, the funds received from the sale of alcohol are planned to be spent on the development of sports, including sports for children ...

NORTHERN DVINA MINI-FOOTBALL CLUB CLOSED IN POMORYE

The Northern Dvina football club announced liquidation. The fact that the sports organization could be closed down was assumed back in the spring of 2021 - then its main sponsor stopped cooperation with the organization. The leaders of the club failed to find a new candidate for this role. Northern Dvina appeared in the Arkhangelsk ...

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