THE ARCHIVE
Europe
Roman knows | Roman knows |
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The story may sound familiar. A wealthy Russian benefactor invests huge sums in a football club, outstripping league rivals by millions and hiring a Portuguese European Cup-winning coach to take them to Champions League glory. This is not Chelsea, however, but Russian champions CSKA Moscow. The money smells the same; of Russian oil and Roman Abramovich. Despite UEFA clearing the Chelsea owner of a conflict of interest, some are still asking whether the billionaire or his associates are trying to create two super-clubs. The similarities between the two stories received wider attention when CSKA were drawn against Chelsea in the Champions League – no one is allowed to have a majority stake in two clubs in the same competition – but the connections had long been known in Russia. Last March, CSKA signed a massive three-year sponsorship deal with Sibneft, the oil company that Abramovich built up into a giant. At $54 million (£30m) over three years, the deal outstrips Vodaphone’s sponsorship with Manchester United. By comparison, CSKA’s previous deal had been for a mere $1.5m a year. CSKA are also in the process of a makeover similar to the Abramovich-backed one at Chelsea. Until three years ago, CSKA were a poor shadow of the club that had won six league titles and four cups during the Soviet era. Then Yevgeny Giner appeared with huge amounts of money to spend, importing high-quality players such as Croatia striker Ivica Olic and Czech midfielder Jiri Jarosik, and providing the funds to bring the club up to modern standards. From WSC 213 November 2004. What was happening this month On the subject...
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