Thread: KHL Expansion
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02-13-2013, 02:27 PM
  #527
Namejs
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Quote:
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.

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