CSKA loses $4 million sponsorship deal for next year

It seems that Coronavirus has also affected business deals.

CSKA Moscow - Andrey Vatutin
Photo: TASS

According to Tass.ru, the coronavirus pandemic seems to be ending the cooperation between CSKA and Aeroflot. The two sides have worked together since 2014, but, given the global crisis in air traveling, it’s almost impossible for CSKA to count on the sponsorship.

The sponsorship contract between the two sides expires at the end of this season, offering CSKA approximately $4 million per year. Apparently, the coronavirus will end this cooperation, with CSKA losing a very important deal.

According to the president of CSKA, Andrei Vatutin, Aeroloft is one of the best air companies in the world.

“We had extremely successful long-term cooperation, all issues were resolved incredibly quickly, we flew with comfort,” said Vatutin. “Believe me, the person who has been flying almost every week for more than 15 years, Aeroflot is one of the best companies in the world. In conditions of a tight calendar, when there are two or three games in a week, the shoulder represented by the largest airline was important and very necessary for us. The charter flight for the Euroleague team has long been not a luxury, it is a necessity, but you yourself know the situation with air transportation in the world as a whole now impossible to rely on sponsorship.”