Alisher Usmanov allocated $ 100 million to the Uzbek football club “Pakhtakor”

by time news

Businessman Alisher Usmanov has invested in the Tashkent football club Pakhtakor, Interfax reports with reference to the documentary film of the Uzbekistan 24 TV channel. Pakhtakor is one of the most famous and oldest football clubs in Uzbekistan, founded in 1956. The businessman’s representative confirmed this information.

“Usmanov is not buying the Pakhtakor club, he is providing financial assistance to the company that owns the club in the amount of $ 100 million,” he explained, but did not name the company that would receive the money, and refused to comment on the rest.

According to the Uzbekistan 24 TV channel, the businessman invested only $ 20 million. “I am proud that I am Uzbek, proud that this is my native land. And everything that I can be useful for Uzbekistan, I am ready to do always, at any moment, “- quotes” Interfax “Usmanov’s words in this film.

80% of the club was acquired by the investment company SFI Management Group at zero redemption value subject to the fulfillment of investment obligations, according to the investor’s website. SFI Management Group must invest at least 200 billion soums over 5 years – in construction, reconstruction, overhaul of buildings and structures in order to bring them in line with international standards. For example, it is planned that within two years a new one will be built on the site of the old stadium. According to the head coach of the football club Shota Arveladze, the cost of the work is estimated at $ 100 million.

Alisher Usmanov recently sold all 30.05%, which he owned in London football club Arsenal, to the main shareholder of the club – sports tycoon Stan Kronke. The businessman owned a stake through Red and White Securities Ltd., registered on the British island of Jersey. The deal amounted to £ 550 million. In the 11 years since the purchase in 2007, Usmanov could presumably have spent £ 293.7 million on the purchase of Arsenal shares, thus generating £ 256.3 million in profit.

In 2017, Forbes estimated Usmanov’s fortune at $ 15.2 billion. According to Bloomberg, Usmanov received many offers to invest in other clubs. Usmanov did not rule out that he was investing in Liverpool Everton, the largest shareholder of which is Usmanov’s partner, Iranian businessman Farhad Moshiri.

The representative of the Pakhtakor club did not respond to the request.

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