Thread: KHL Expansion
View Single Post
02-13-2013, 02:27 PM
Cipuli iemet ripuli
Namejs's Avatar
Join Date: Dec 2011
Location: Rīga
Country: Latvia
Posts: 1,872
vCash: 500
Originally Posted by vorky View Post
if KHL needs Dinamo Riga, club will not collapse. Yes, new owner can come, not a big deal.
The owner of Dinamo Riga is the government of Russia (the majority stakeholder ITERA Latvia is owned by ITERA group, which in turn is essentially a subsidiary company of Gazprom, which is controlled by the Russian government). So, no, there won't be a new owner. There might be a new manager, but not an owner.

You won't find an entrepreneur who's willing to suffer 10 million losses per year with no chances of ever returning a profit.

Namejs is offline