Russian Billionaire Rybolovlev Buys Stake in Soccer Club

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Haute Living Los Angeles March/April 2012

Russian Billionaire is a Stakeholder of Monaco Soccer Club

by Laura Yarborough

Photo: Bettor.com

The former owner of Uralkali, a Russian fertilizer maker known as a Billionaire, Dmitry Rybolovlev just recently purchased a controlling stake in the Monaco soccer club. Back in 2010, the Russian billionaire sold his controlling stake in Uralkali to investors which were led by another billionaire, Suleiman Kerimov.

During the next four years, Billionaire Rybolovlev’s Investment in the soccer Club will be at least $130 million, because of the 67 percent take that was acquired, while 33 percent will remain will be with Association Sportive de Monaco Football Club. According to the statement released by Rybolovlev’s press office via email, a new board of directors has been approved for the football club since December 23, 2011.

Source: Bloomberg.com

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