Lukoil acquires Spartak Moscow football club and its stadium

The company has been the major sponsor of the club for over 20 years

Russian oil company Lukoil announces the acquisition of 100% share in JSC ”Football Club Spartak-Moscow” and ”Otkritie Bank Arena” stadium.

Lukoil will continue active development of the club infrastructure. In particular, necessary steps will be taken to relocate Fedor Cherenkov Academy (Moscow children’s and youth football school) to Tushino.

The company will also finance the construction of multipurpose sports complex and hotel for athletes and fans in Tushino. 

Due to secession from shareholders, Leonid Fedun resigns as President, Board Member and Chairman of JSC ”Football Club Spartak-Moscow” and will no longer be involved in management of the club.

SEE ALSO: Most punctual airport in the world is Moscow’s Sheremetyevo

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