Chornomorets Stadium in Odessa, bought by Allrise Capital


First Financial Network has completed the successful sale of the Chornomorets Stadium in Odessa, Ukraine, on behalf of the Deposit Guarantee Fund (DGF) and the intervened ImexBank, to Allrise Capital of Irvine, California.

The $7.29 Million transaction was completed and closed on July 16.

Buyer Allrise Capital plans to field a world-class soccer team at Chornomorets Stadium, make improvements to the stadium facilities to enhance the fan experience, and program events to activate the complex year-round.

The stadium complex is a marquis real estate asset which includes a 35.000-seat modern sports and events stadium, plus 850.000-square feet in commercial real estate, including a 150-room four-star hotel, an office/business complex, retail, spa, cultural offerings, and a large underground parking facility, all located in the heart of Odessa’s central park near the seaports.  

Odessa, Ukraine’s third largest city, is situated on the Black Sea coast and is the primary in-country vacation site, known for its temperate climate, beaches and resort setting.

- Advertisment -


World’s 500 largest family businesses grew their revenue by 10%

The 500 largest family businesses generate US$8.02t and employ 24.5m people across 47 jurisdictions, according to 2023 EY and...

Must read