EC calls in Swansea’s Liberty Stadium funding for closer scrutiny

Liberty Stadium

By Andrew Warshaw
January 2 – The joint use of the Liberty stadium in Swansea, built at a cost of £27 million, is the latest case being investigated by the European Commission as part of a widescale probe into state aid in sport. Officials have asked the local council to supply funding details of a deal which has enabled Swansea City and rugby club Ospreys to play there since 2005.

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Spartak Moscow owner says new stadium to cost $426m

Otkritie Arena

By Jaroslaw Adamowski
January 2 – Russian billionaire Leonid Fedun has announced that the new stadium currently being built for Spartak Moscow will cost 14 billion rubles ($426 million). Fedun told local news agency ITAR-TASS that Spartak is already receiving funds for the investment from its sponsor, Russian bank Otkritie, under a naming rights deal signed in February 2013.

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