Amkar Perm & the perils of regional government ownership

One of the sad truths of Russian football is financial instability, and every couple of weeks, stories of insolvency and huge debts spring up seemingly out of nowhere. In the last six weeks, we have already highlighted crises at Luch-Energiya Vladivostok and Rubin Kazan, and now, it is the turn of Amkar Perm. Despite establishing themselves as a stable mid-table club in the Premier League since promotion in 2004, finishing in European spots just once in 2008 and in the relegation … [Read more...]