The general director of the CSKA football club Roman Babaev, in a conversation with Sport-Express, said that the news about the imposition of sanctions against the team by the United States came as a surprise.
“Of course, this news is quite unexpected for the club and our many fans. However, the club continues to function normally,” he said.
According to Babaev, the team is calmly preparing for the resumption of the season and Saturday's derby with Spartak. “And our lawyers understand the situation. We will defend our rights, based on the generally accepted thesis that “sport should be outside of politics,” the CEO emphasized.
Boris Rotenberg said that British sanctions will not affect Sochi Football CSKA was on the US Treasury Department's sanctions list after Russia recognized the independence of the Donetsk and Luhansk People's Republics (DPR and LPR). The new sanctions list included a number of companies that are part of the VEB corporation, which owns a controlling stake in the army club (77.64%).
VEB Corporation became the owner of CSKA in April 2020. For 77.64% of the club's shares, VEB paid 18 billion rubles. The deal was formalized as part of the conversion of CSKA's debt to VEB. Previously, a controlling stake in the army club was owned by Bluecastle Enterprises, the ultimate beneficiary of which was CSKA President Evgeny Giner.
In June 2019, VEB Chairman Igor Shuvalov announced plans for joint work between the state corporation and CSKA. In particular, he recalled that in 2013 VEB issued a $240 million loan to CSKA for the construction of the stadium. In December, VEB's supervisory board decided to convert CSKA's debt into shares, as a result of which the state corporation was to receive 75% of the team's shares.
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