Roman Abramovich, the oligarch most famous perhaps for owning Chelsea Football Club in London, is to stump up the cash for a brand new, state of the art 50,000 capacity football stadium in Moscow.
The plan for the Moscow project called for the city to provide the land and Mr Abramovich to fund construction, which would be overseen by the Football Union, MrVagin said. The union would pay back Mr Abramovich using proceeds from the site, which would take at least three years to build.
[…]"We are waiting for an answer from the city government; everyone wants it," a spokesman for the Football Union of Russia, Artem Vagin, said. "Of course we’re interested in this project: if someone offered to build a stadium for you, you’d take it."
Because Abramovich will not retain ownership of the stadium, the Football Union can now afford to stage international matches of all kinds from youth level upwards in a top of the range stadium. This is currently not possible because of the high rental fees the Union has to pay to CSKA for the rental of their stadium. Most likely the Union will also be able to rent out the stadium, either to a Moscow club, or for concerts, bringing it an extra revenue stream.
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