Fedun Wants to Float Spartak

Moscow Times 12 March 2012
Spartak Moscow’s billionaire owner, Leonid Fedun, plans to float the soccer team’s shares on the stock market to recoup some of the huge sums of money he has plowed into the Russian Premier League side.
“My dream is to make the club self-sufficient within four or five years,” said Fedun, who has invested almost $1 billion since buying Spartak in 2003.
“The club does not represent a business venture for me right now,” he told local media.
“It’s more like a social mission, almost like it is for Bill Gates, who spends 90 percent of his money on social projects,” Fedun said of the American billionaire owner of Microsoft.
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