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Russian Football Premier League’s budget plunges by 40%

September 18, 2015, 17:43 UTC+3

The economic state of affairs is difficult at the moment and, therefore, all clubs in the league are treating the situation with understanding, the president of the RFPL says

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© ITAR-TASS/Valeriy Sharifulin

MOSCOW, September 18. /TASS/. The Russian Football Premier League’s (RFPL) budget this season plunged by 40% from the previous season and currently stands at $35 million, Sergey Pryadkin, the president of the RFPL, told TASS on Friday.

"The budget is currently standing at some $35 million," Pryadkin said in an interview with TASS. "It [the budget] plunged by 40% from the previous season."

"It is complicated to name the exact sum since some of our contracts were signed in rubles, as in case with NTV-Plus [television holding] and Rosgosstrakh [insurance company], while some of the others were concluded in [US] dollars, just like in case with IMG company, which is currently in charge of our international media rights," Pryadkin said.

According to Pryadkin, the most suitable budget figure for the league may be over $100 million.

"I would dearly hope for the league to hit this season the figure of $60 million, just like it was in the previous season. It would have been great," Pryadkin said. "However, the economic state of affairs is difficult at the moment and, therefore, all clubs [in the league] are treating the situation with understanding."

"But speaking frankly, if we consider the steps that we used to make, we [RFPL] would like to have the profit starting with $100 million figure," he said. "However, it is impossible under the current economic realities."

On September 1, the Russian commercial satellite television network NTV-Plus announced that it would pay the RFPL 1.98 billion rubles (at that time’s exchange rate $30 million) for the right to broadcast the league’s matches during the season. The contract between the two parties was signed for three football seasons.

According to previous reports, administrative control of the TV Channel Our Football broadcasting Russian football championship matches has been transferred for the next three seasons from the RFPL’s subsidiary League-TV to Gazprom-Media Group that owns NTV-Plus.

The RFPL’s 2015/16 season kicked off on July 17. Despite an officially formalized contract, the matches are broadcast by NTV-Plus in accordance with the accords reached earlier.

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