17 July 2013
VTB Bank and Boris Rotenberg's companies have announced the consolidation of the Dynamo Moscow football and hockey clubs. There will be an initial transition period to ensure the maximally efficient and orderly unification of the clubs.
The project aims to ensure that the highest sports achievements are reached and to optimise finances and asset management. According to the parties' agreements and the Dynamo national physical fitness and sport society's recommendations, the decision was made to appoint Mr Rotenberg as the president of FC Dynamo Moscow and to create a special working group to oversee the clubs' consolidation.
Former FC Dynamo Moscow President Gennady Solovyov has been appointed as the united club's first vice president.
"I am sure that the consolidation of the Dynamo Moscow football and hockey clubs will enhance the efficiency of VTB Bank's financial investment in the organisation. It should also help the club to achieve even better sports results, primarily in football," First Deputy President and Chairman of VTB Bank Management Board Vasily Titov said.
VTB Bank sponsors the following sports projects: motor sports - general sponsor of the Kamaz Master rally team; basketball - sponsor of the Russian Basketball Federation, general sponsor of the women's team and title sponsor of the VTB United League; volleyball - sponsor of the National Volleyball Federation, general sponsor of the men's team; gymnastics - general sponsor of the Russian Artistic Gymnastics Federation; track and field - official partner of the International Amateur Athletic Federation; football - general sponsor of the FC Dynamo Moscow and Dynamo Moscow Mini-Football Club; ice hockey - general sponsor of Dynamo Moscow Ice Hockey Club.