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© RIA Novosti. Valeriy Levitin

RPL: Billionaire tycoon appointed Dynamo Moscow president

by R-Sport at 17/07/2013 16:44

Billionaire Boris Rotenberg has replaced Gennady Solovyov as the president of Dynamo Moscow, the Russian Premier League club's chairman told R-Sport on Wednesday.

Rotenberg, 56, with an estimated wealth of $1.4 billion and part of a family of tycoons who made their money in banking and construction linked to oil and gas, was appointed by the board to try and turn the club's fortunes around.

“Boris Romanovich Rotenberg is appointed as president of the football club Dynamo,” chairman Vasily Titov said. “He will enter office today by decision of the board. Gennady Solovyov is appointed first vice-president.”

In less than a year in the post 63-year-old Solovyov, a former high-ranking Federal Security Service official, oversaw most of a disappointing season as the club failed to clinch a European spot, finishing seventh.

Rotenberg's mandate will be to improve morale at Dan Petrescu's side, who are reeling from the recent departure of star striker Alexander Kokorin to rivals Anzhi Makhachkala and spluttered out of the blocks this season with a 2-2 home draw to lowly FC Volga on Sunday.

It is unclear if he will spend any of his millions on improving the club, whose majority shareholder and chief sponsor is currently state bank VTB.

Rotenberg's elder brother Arkady, who is worth an estimated $3.3 billion according to Forbes, presides at the Dynamo Moscow KHL hockey club.

Also unclear is what will happen to Boris Rotenberg's son, also named Boris, who is on Dynamo's playing staff as a 27-year-old right-back. He spent last season on loan with top-tier Cypriot side Olympiakos Nicosia, making only a handful of appearances.

The Rotenberg brothers co-own SMP Bank, reportedly Russia's 55th-biggest bank, and construction group Stroygazmontazh, a big player on the Russian oil and gas construction market.

 

 

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