Report: Red Star Belgrade on verge of Gazprom lifeline

19 March 2015 | Commercial & Sponsorship
Report: Red Star Belgrade on verge of Gazprom lifeline
Serbian side Red Star Belgrade are reportedly on the verge of finalising an extension to their sponsorship agreement with Gazprom.

According to Jaroslaw Adamowski of Inside World Football, the debt-ridden club will soon announce a renewal with the Russian gas giant ‘valued at more than €20 million over a five-year term’.

Gazprom has been the club's main sponsor since 2010 and its current deal is due to expire this summer.

The new deal will ‘kickstart a restructuring of the club's finances’, says the report, but should they fail to agree the extension Red Star will face relegation to Serbia’s second tier due to financial fair play rules.

Red Star currently sit second in the Serbian Super Liga, four points behind fierce city rivals Partizan.

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