KyivPost

Yaroslavsky refuses to invest in Kharkiv

Print version
Dec. 22, 2012, 1:58 p.m. | Business — by Interfax-Ukraine

Kharkiv tycoon Oleksandr Yaroslavsky.
© Courtesty

FC Metalist Kharkiv President and Ukrainian businessman Oleksandr Yaroslavsky has said he will stop investing in Kharkiv due to the situation around the Metalist Stadium.

"I know that I will cut my investment in Kharkiv. I don't want to invest money in such an investment climate, because I cannot understand the attitude of the local authorities. Do they have a lot of investors who invest hundreds of millions of dollars? Or my dollars are different in color?" he said in an interview with Interfax-Ukraine on Friday.

As reported, on December 19, Kharkiv City Council asked Kharkiv Regional Council to transfer the Metalist Stadium to the municipal ownership of the city. FC Metalist Kharkiv President Oleksandr Yaroslavsky said that he would stop funding the club if the stadium is passed to the city.

The businessman was the general investor and coordinator of Kharkiv's preparations for Euro 2012, having invested his own funds in the construction of the Metalist Stadium, a five-star hotel, the city airport, and the implementation of other projects.

The Kyiv Post is disabling its online comment section due to an increase in trolls, violent comments and other personal attacks. Other news organizations worldwide have taken similar steps for the same reasons. The Kyiv Post regrets having to take this action. The newspaper believes in a robust public debate, but the discussion must be constructive and intelligent. For the time being, the Kyiv Post will allow comments on its moderated Facebook group https://www.facebook.com/groups/kyivpost/. The newspaper will consider hosting online comments again when circumstances allow. Thank you from the Kyiv Post.

KyivPost

© 1995–2015 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.