Crvena Zvezda reportedly has a budget of 8.3M euros for the 2019/20 season

Stratos Perperoglou Crvena Zvezda
Photo: EuroLeague Basketball

The president of Crvena Zvezda, Nebojsa Covic, confirmed that the team’s budget for the 2019/20 season will be 8.3M euros.

“Our budget this season will be 8.3 million euros. We can’t have a smaller budget than 5.5 million. This budget also includes obligations from last season, which we have fully settled.

Compared to Euroleague rivals, where CSKA has 40.7 million euros, Khimki 33.3 million, Zenit 26.6…,” Covic said, per Basketball Sphere.

Crvena Zvezda also parted ways with head coach Milan Tomic earlier today (22/10) and is now looking for his replacement.