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. Last Updated: 07/27/2016

CSKA Shares Sold

The CSKA soccer team has been sold to an outside investor, a spokesman for one of the team’s minor shareholders said Thursday.

An official with the Defense Ministry’s CSKA sports club — which managed the soccer team in Soviet times and now owns a 0.6 percent stake in it — said the Premier League team's main shareholder, Shakhrudi Dadakhanov, and others have sold their shares.

The official, who asked not to be named, declined to identify the buyer, but said it is neither Aeroflot airlines, as had been rumored in the press, nor a firm controlled by Dadakhanov.

The official said "legal formalities" in the deal will be completed in the next two weeks, after which the new owner will be announced.

Dadakhanov, an ethnic Chechen whom the Versia newspaper accused of sponsoring Chechen rebels, has earlier complained that the Federal Security Service has been trying to intimidate him into selling his shares, but the secret service has flatly denied this.