Bashneft Agree to Shirt Sponsor Extension of CSKA Moscow

March 17, 2011

An extension of a shirt sponsorship deal between Russian oil refining company Bashneft and Champions League-bound CSKA Moscow has been agreed as the team heads into the 2011/12 Russian Premier League season.

Having first agreed terms with CSKA Moscow in February 2010, pills the club finished second in the top flight of Russian soccer last year, sale | a result which guaranteed the team a place in the group stage of the Champions League come September. Bashneft has since opted to renew its deal with CSKA for a further season on improved terms.

CSKA Moscow’s president Yevgeny Giner has said that the club’s deal with Bashneft is now worth 15 per cent more than it was in 2010.

Although the value of the contract was not disclosed, viagra 100mg the Moscow News has reported that CSKA’s budget this year will be between US$62m and US$72m.

Giner added: “I think that Bashneft and CSKA were satisfied with their cooperation last year and therefore we are extending our contract. We are very pleased to extend the sponsorship agreement. Our continued cooperation with one of the leading Russian oil companies is an important step towards achieving the long-term goals of the club.”

The deal commits CSKA to participating in a number of social activities in the Republic of Bashkortostan, home of Bashneft’s three oil refineries. This year, Bashneft hopes the renewal of its sponsorship will see the continuation of projects established in 2010 after several CSKA players met with fans and young players in Ufa, capital of the republic, to conduct workshops and training sessions.

Victor Khoroshavtsev, president of Bashneft, stated: “The decision to become the sponsor of one of the strongest teams in Russia was made in accordance with the strategy of the company.

“Bashneft, like CSKA Moscow, has set itself ambitious goals. The company in a short period of time has made bold steps towards building a vertically integrated oil company and the last two years has demonstrated better results in the Russian oil industry for a variety of industrial and economic performance reasons.”