Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | Europe

Red Star Belgrade © Action Images

Serbia comes to ailing Red Star's rescue



The government has vowed to help ailing Serbian football giants Red Star Belgrade, the former European Cup winners who have racked up more than €60 million in debt, local media said on Wednesday.

Red Star were plunged into crisis Tuesday when club president Vladan Lukic stepped down, saying that he could no longer lead the emblematic Belgrade team.

After the shock resignation, Serbia's Deputy Prime Minister Aleksandar Vucic held crisis talks with club officials and several Red Star legends that ran past midnight.

"What I can say for the state is that we will help Red Star but also (rival club) Partizan," Vucic told reporters.

Partizan Belgrade are also struggling with sources close to the club estimating their debts at up to 30 million euros.

"Because of the grave financial crisis (in Red Star) we have agreed to restructure the club's debts and to form a working group to stabilise and consolidate the club," the deputy PM added.

Red Star legend Dragan Dzajic, who headed Red Star when they lifted the European Cup in 1991 after beating Marseille, will lead the working group.

However, Dzajic, is currently on trial for embezzlement after being indicted in 2010 in a case involving other former Red Star officials and an agent for several players accused of misappropriation of funds during the transfer of players.

If found guilty they face up to 12 years in prison.

Shop

Gerrard: My Autobiography
Steven Gerrard is a hero to millions, not only as the inspirational captain of Liverpool FC, but as a key member of the England team.
R161.00
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R182.00
Mitre Monde Soccer Ball - White
Voted as one of the UK's favourite match balls
R219.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Event Streaming

Channel Streaming

Other Live Streaming

Event Streaming

Channel Streaming

Sports Talk



Carol Radull
How do you pay tribute to Thierry Henry?
If you’re a fan of the classic musical “The Sound of Music” then you will be familiar with the...

Dr Errol Sweeney
Some refs invite criticism
Why is it that some referees appear to invite criticism? Why is it that some referees put a...

Neil Tovey
Backing Tinkler for the big time
With Vladimir Vermezovic having jumped ship, Orlando Pirates find themselves in a state of flux.

Chima Emmanuel Aguma
Wenger in or out? I say out!
After Arsenal’s loss to Stoke City this past weekend, the call for Arsene Wenger to step down as...

Sunday Oliseh
Football's new undisputed best club?
When Barcelona appointed Pep Guardiola as head coach in 2008, their primary objective was to stop...

Arjun Vidyarthi
Make or break time
Ten years ago today, I remember Andy Gray's iconic commentary at Anfield, when Steven Gerrard...