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YEREVAN, AUGUST 29, ARMENPRESS. Next Gen Sports, in collaboration with Juventus FC, will open a new football academy in Yerevan.
A bill developed by the State Property Management Committee on granting property rights to Next Gen Sports for the buildings at 20/4 Ajaryan Street was approved at the Cabinet meeting. The company has pledged to invest 1 billion drams in the academy project.
Furthermore, the bill also envisages privatization of the Hrazdan Stadium.
Next Gen Sports has pledged to invest 1,2 billion drams in the stadium project over the course of the next five years.