A California investment company with Ukrainian roots is buying Odesa’s

A California investment company with Ukrainian roots is buying Odesa’s Chornomorets football stadium. Allrise Capital, based in Irvine, near Los Angeles has agreed to pay $5 million for the stadium which includes an office center, fitness center, hotel and restaurants. The CEO of Allrise is Ruslan Zinurov and the executive director is Mykhailo Trubchyk. It was the 17^th attempt by the State Deposit Guarantee Fund to sell the 10-year-old, 34,000-seat stadium. Put up for auction as part of the liquidation of Imexbank, the stadium first had an asking price of $40 million. The stadium failed to win bidders due to unattractive long term leases and outsider control of the electricity supply. Last September, The Wall Street Journal chronicled the sales efforts by an Oklahoma City firm, First Financial Network.