“Dynamo” has become the first – Kommersant

Fair Play

The Union of European Football Associations (UEFA) decided to the dismissal of the Moscow “Dynamo” from participating in European competition next season. White-blue, which was punished for gross violations of the rules of the financial Fair Play (FFP), went down in history. Until now UEFA has never been applied to violators of FFP so severe sanctions.

The fact that the “Dynamo”, which is based on the last championship of Russia took fourth place and achieved thus the right to speak in the next season in the Europa League, barred from European competition, the chairman of the board of directors of the club, the first deputy chairman of the bank Vasily Titov. He also noted that the “Dynamo” in the next three years, placed under surveillance and must report to UEFA about how the program is executed to bring the activities of the club in accordance with the rules of FFP, the violation of which, and the rough, and it cost “Dynamo” place in European competition . Mr. Titov also said that the monetary fine against the “Dynamo” was not followed.

Thus, the “Dynamo” has become the first team to which has been applied the most severe penalties provided for failing to FFP. Previously, both foreign and Russian teams often let off with significant, yet penalties.

It should be noted that the news of the exclusion of “Dynamo” from the League of Europe did not become a sensation. This verdict UEFA waited and on Thursday, Mr. Titov estimated probability is a hard case scenario as very high. This is not surprising. It was reported in late April, “Kommersant” sources familiar with the situation, “UEFA were amazed at the scale of violations” and also noted “the lack of preconditions for improving the situation.”

The key claims to the “Dinamo” were three. The first relates to the contract since title sponsor – VTB, which is also the owner of 74% stake in the club. Just that in itself raises questions. But in the case of the “Dinamo” The situation was aggravated by the fact that the contract between the club and VTB does not correspond to market realities. According to the agreement last year, VTB transferred “Dynamo” about 4 billion rubles. (About € 80 million at the rate of a year ago). A consulting company authorized by UEFA Repucom estimated the amount of the contract exceeds the market as a more than tenfold. That is 90% of the contract – is disguised advertising investment club owner, which is prohibited by the rules of FFP.

The second claim concerned the excessive spending on player salaries. In the “Dynamo” they exceed 70% of the budget, but should be lower. Finally, UEFA did not like the fact that the “Dynamo” after its president, took the post of Boris Rotenberg, drew unsecured loan of € 40 million, which went to strengthening the team. But for the purchase of players you can only spend earnings. But with that in the “Dynamo” has always been bad: during the three years the difference between the proceeds from sales and spending on purchases of players amounted to € 70 million.

In the “Dynamo”, understanding the seriousness of the situation, trying to urgently unload payroll. As a result, the team left a number of important players, but as can be seen in the UEFA those steps did not impress. And they could not, because even unload payroll unable to eliminate main defect in the accounts of the club – its actual financing by the owner. By the way, Vasily Titov has previously said that the “Dynamo” is waiting for the restructuring. Yesterday the chairman of board Andrey Kostin said the bank will no longer directly fund any football or hockey club of the same name. “All funds will be transferred to the Central Board of society” Dynamo “(which owns a blocking stake securities FK.- ” b “). It is a fundamental decision,” – said Mr. Kostin. Also, it is possible that VTB would remove from its balance sheet share of the club and give them to the CA “Dynamo”. That is, the ownership structure of the club will be about the same as at the “Zenith” and “Locomotive”, controlled by “Gazprom” and Railways respectively. But do not directly and through affiliated companies.

In “Dynamo” still have the opportunity to appeal against the verdict of UEFA. However, the club vice president Gennady Solovyov said he did not see the point. If an appeal is not filed or is rejected, the place of “Dynamo” in the European League will take Kazan “Ruby”, who finished in the championship of Russia after the “Dynamo”.

Alexander Petrov