The new stadium complex for Spartak Moscow, Russia’s most decorated football club, will cost $430 million, billionaire owner Leonid Fedun said Thursday, RIA Novosti reports.
The new stadium, that will host matches during the 2018 World Cup, is part of a new breed of Russian football grounds - capital city rivals CSKA Moscow and Dynamo Moscow are also working on their own stadium development.
“Absolutely everything will cost 14 billion rubles ($430 million),” RIA Novosti quotes Fedun as saying.
The stadium, which is under construction in the northern Moscow district of Tushino, will be known as the Otkritie Arena as part of a naming rights deal with a bank and Fedun said “we are already receiving money” from the sponsor.
