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VTB Bank to invest in Dinamo Tbilisi

Published: July 10, 2013 | 12:18 pm
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How much will one of Russia’s largest financial organisations invest in Dinamo Tbilisi? The Moscow head office of the VTB Bank has confirmed to TV3 that it will become the main sponsor of the football club from September. They state that VTB has been financing sports clubs since 2008. The chairman of the Directors Council at the bank Vasili Titov explains that while VTB has been considering investing into a number of sports clubs within the post-Soviet space, Dinamo Tbilisi represents the most realistic option, due to the history and traditions that link the Russian and Georgian football clubs. Mr. Titov adds that the sponsorship agreement with Dinamo will enhance the popularity of the bank’s brand within the region. Officials at FC Dinamo have so far refrained from commenting on this issue, stating that negotiations are still ongoing, and that an official announcement will be made upon their completion. However, they do not deny that an investment from VTB would be highly beneficial for the club.

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