35-year-old Vadim Giner since May 2016 controls, directly or indirectly, at least 75% of the shares of the British company Bluecastle Enterprises Limited, follows from her yesterday’s message. Bluecastle Enterprises owns 100% of PFC CSKA, 60.1% of OJSC Sports Training Base Oktyabr and 50% of the Youth Sports School of PFC CSKA.
Since 2011, in Bluecastle’s reporting, Vadim’s father, businessman Yevgeny Giner, was called the controlling person of the company. At the same time, half of the company was owned by a consortium of individuals whose names were not disclosed.
Bluecastle Enterprises’ revenue in 2015 fell by 17% to $ 67.1 million, net debt increased from $ 231.48 to $ 311.8 million. The company’s net loss increased 14.5 times to $ 50 million.
CSKA football club is unprofitable, like all Russian sports, but Giner runs the club better than many other Russian sports managers, said Dmitry Navosha, CEO of Sports.ru. According to him, the maintenance of CSKA costs $ 80 million per year. And since football in Russia is unprofitable, even with the most reasonable planning, the owner has to report millions of dollars to the team every year.
But the company’s loss, judging by its statements, so sharply increased in 2015 due to the cost of building the CSKA football stadium. The stadium in the north of Moscow for 30,000 seats, which has been under construction for more than 10 years, required, according to Giner, investments of at least $ 350 million. About 70% of the financing was covered by a credit line from VEB. The loan was secured by shares of the club, as well as real estate and property of the club.
On the plots provided for the construction of the stadium, 65,000 square meters have also been erected. m of commercial real estate – three office buildings and a hotel with 48 rooms.
The structures of the Giner family own real estate on the Leningradskoe highway, next to the sports facilities of CSKA. For example, the Aeropolis hotel, the Palladium shopping center and the Start shopping center. By 2014, Giner and his partners built the Novye Luzhniki (Luzhniki) shopping and entertainment center with an area of 250,000 sq. M in the south of Moscow outside the Moscow Ring Road. m. The construction was carried out on a loan of Alfa-Bank in the amount of $ 104 million. However, problems arose with servicing the loan: this summer, the Meshchansky Court of Moscow collected $ 101 million from Evgeny Giner on a personal guarantee in favor of Alfa-Bank.
Ukrainian media call Yevgeny Giner one of the beneficiaries of the VS Energy group, along with Alexander Babakov and Mikhail Voevodin. VS Energy is the second largest distribution network in the country’s market after Rinat Akhmetov’s DTEK, says Andrey Favorov, a former top manager of DTEK and now a co-owner of Energy Resources of Ukraine. The Ukrainian Forbes estimated the turnover of VS Energy in 2015 at UAH 6.1 billion (less than $ 235 million).
The group’s management company, VS Energy Latvia, controls six Ukrainian oblenergos, the Kirovograd generating company (78.8%), and owns large stakes in the Southern generating company (35.66%) and Chernivtsyoblenergo (47.55%). The company also owned shares in Sevastopolenergo (95%) and the Sevastopol generating company (84.4%), which left the group after the annexation of Crimea to Russia. Now they belong to structures associated with the Giner family.
Giner and his son Vadim are on the board of directors of a large sales company in the Krasnodar Territory “NESK-elektroseti”, which occupies 40% of the market in the region and is a guarantee supplier.
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