Red Star gets foreign investors?

Belgrade, May, 14. 2010 (Serbia Today) - Europe’s third biggest shopping mall constructor, Portuguese-British company Sonae Sierra, is interested in investing in Red Star FC. The Portuguese embassy did not want to give any details, but its officials said it was certain that the investment would be worth hundreds of millions of euros. The project would “completely preserve the tradition and cultural heritage and it will also take care of environment preservation”, it was said, B92 has learned.  Portuguese Ambassador Luis de Almeida Sampaio told a press conference that he hoped that the agreement would be soon reached between representatives of the two countries regarding investments into a domestic sports club and a football stadium. “My prognoses are (this will happen) by summer,” he said. Although there is a lack of a new law on sports in Serbia, lawyers point out that there is a legal possibility for such form of investments and that the only question is how to carry them out.