June 29, 2022

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Vålerenga, football |  Valringa fears losing millions because of Russia:

Vålerenga, football | Valringa fears losing millions because of Russia:

In the summer of 2019, Vålerenga secured his resale clause when he sold Nigerian Chidera Ejuke to Heerenveen for around $20 million.

A year later, Ejuke was sold to CSKA Moscow. Russian club pay according to market transfer Heerenveen 11.5 million euros – just over 117 million kroner at today’s exchange rate.

The sale essentially put several million into the Vålerenga club’s coffers.

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We haven’t lost hope

The online newspaper had access to Vålerenga Football’s annual accounts for 2021. However, it appears that not everything has been added to the account.

to me VG The Oslo club will receive NOK 10.5 million as a result of a 10 per cent resale clause.

However, as a result of the Russian invasion of Ukraine, NOK 2.6 million may have lost to the capital club in connection with the transfer.

“The club is indirectly exposed to the sanctions now imposed on Russia in that it has a claim to a share of Heerenveen’s claim for compensation for the sale of a player to CSKA Moscow. The Board of Directors has chosen to load the accounts for 2021 with a loss allowance for this matter of approximately NOK 2.6 million”, mentioned in the annual accounts.

Vålerenga’s general manager, Erik Espeseth, says the following to Nettavisen about the situation:

We certainly have not lost hope of getting this money, but given the great uncertainty associated with the war in Ukraine, we chose to include this as a loss.

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15.2 million profit

Despite the fact that millions may have been lost, Vålerenga is still making several million in profits in 2021.

Annual accounts show a total result of NOK 15.2 million. A much higher amount than in 2020, which showed 7.5 million NOK.

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Last summer, sales of Aron Dønnum to Standard Liege and Kristoffer Klaesson to Leeds contributed well to the club’s coffers. The two are said to have sold for about 40 million Norwegian kroner.

– In recent years we have sold players in large quantities. Player development and the desire to sell player(s) to the major leagues each year is an essential part of our “business model,” Espeth says.

Have you checked out Nettavisen’s football podcast?