ST PETERSBURG: Even Brazil’s World Cup have not been delayed as long as this . . . St Petersburg city officials are seeking a new developer to finish the new Zenit stadium which should have been ready back in 2008.

Back then the budget for the stadium, which will play a key role at the 2018 World Cup, was estimated at £500,000. Now that has risen to £750m with the city having cancelled the its contract with developer Transstroy.

The SBD Global website reported that the agreement had been curtailed with the aim of “ensuring uninterrupted construction of the stadium”.

A city spokesperson added: “We’re annulling the contract not because we are unsatisfied with the developer’s performance but because due to substantial changes to the projects over the last few years, the city made a decision about holding a new tender.”

A tender to identify a new developer will open early next month, with the winner set to be announced in the second half of November. The bidding process is open to Russian and foreign companies.

The stadium is earmarked as the new home of Russian club Zenit St. Petersburg and should stage a semi-final of the 2018 World Cup as well as the Opening Match and Final of the 2017 Confederations Cup.

The stadium was originally scheduled to open in 2008.


Soccerex Business Daily
Soccerex Daily Reader Offer - Ad
Friday, September 27, 2013

Qatar 2022 “appalled” by reports of poor migrant worker conditions

The Qatar 2022 Supreme Committee, which is responsible for organising the FIFA World Cup in nine years’ time, has said that it is “appalled” by reports that have emerged about conditions endured by migrant workers in the country…. read more

PSG clocks up Hublot partnership

Paris Saint-Germain (PSG) has further bolstered its commercial portfolio by agreeing a three-year deal for Hublot to become its official timekeeper and watch partner…. read more

Bundesliga scores official YouTube channel

The German Football League (DFL) has moved to further enhance the Bundesliga’s global appeal by agreeing a deal with YouTube that will lead to the launch of its first official channel on the video-sharing platform…. read more

Ajax buoyed by increase in profits

Dutch Eredivisie champion Ajax Amsterdam has announced an increase in year-on-year profits of almost Eur10 million, attributing this success to the sale of leading players…. read more

New developer sought for Zenit stadium

City officials responsible for overseeing the construction of a new US$1.1 billion stadium in Saint Petersburg have cancelled a contract with developer Transstroy…. read more

Prefer your news online?

Stopped receiving your usual copy?
Click here!

Changing times of CSR in football

Matt Wright, head of communications for Back in Football, discusses the developing role of CSR in the game…

A decade ago, any argument concerning corporate social responsibility (CSR) in football focused on what could or should be done by clubs and players. It’s testament to the progress that has been made since then that this discussion has largely moved on to address how much should be done…. read more

Soccerex Daily Reader Offer - Ad
Expecting to read more here? As part of our ongoing improvements to our news service our stories are now kept online. Just click ‘read more’ after each story to read them in full.