Ukraine plans to spend big on sports sector



Linkedin Twitter

Ukraine investment into sports facilities Image: ukrainetravelnews.com

The President of Ukraine, Volodymyr Zelensky, has rolled out ambitious plans for the sports sector and has announced major sports investments throughout the country. Though reports stated that Zelensky is touting the whole development more something extraordinaire than what it is, nevertheless, Ukraine is the destination to look out for in the future! And the Government of Ukraine has announced that it is pumping hundreds of millions to boast futuristic sports infrastructure in the country.

Since April this year, Ukraine is running its largest infrastructural project in years, nicknamed the ‘Great Build(Velike Budivnitstvo). As part of the project, the Government will loosen its purse strings on public infrastructure, with impetus on the road network. The whole development – ‘Great Build’ – has struck a chord with the Ukrainians in a big way, with recent polls suggesting a 90 percent support for it.

Recently, Zelensky announced another major scheme: ‘Ukraine – Champion’. The idea behind the scheme is to create “a large modern sports arena in each region of the country. Each of these arenas will be named after a sports giant”.

Zelensky made the announcement in the Parliament (Verkhovna Rada) and the same is being interpreted as a massive stadium-building initiative, as per media reports. However, the whole project is not about stadia, to be precise. It is more about delivering excellence centers for training purposes.

The Deputy Finance Minister, Roman Yarmolychev, revealed more details about the plan’s first phase. In his Government-website column, Yarmolychev announced that in 2021, the central budget for sports expenses will grow 2.7 times. This means allocation of UAH 7.4 billion (€221m). Bulk of the amount will be spent on training facilities and programs, including 2.8 billion earmarked for participating in Tokyo Olympics next year.

The amount allocated for infrastructure is comparatively less. It’s only UAH 500 million (€15m) throughout 2021 for ‘Ukraine – Champion’. Only a portion of the budget for facilities.

Presently, the plan will see new venues coming up in 11 regions of Ukraine, almost entirely for training purposes. These will include five multiuse sports complexes, two natatoriums, an indoor hall, archery range, ice rink and a rowing track/canal.

However, this does not mean that the Government will offer no support for professional football facilities at all. On the contrary, arenas in Rivne, Zhytomyr and Kryvyi Rih are already being repurposed. More details on the project are awaited.

This is not the first sports investment in Ukraine. It was only announced in September that the Ukrainian eSports association UPEA is investing 100 million euros in e-sports. At least 12 international esports tournaments are to take place in Ukraine every year.

The country has already invested heavily for the 2012 Union of European Football Associations (UEFA) European Championship, and it is being speculated that Ukraine, together with co-hosts Poland, have invested more than 30 billion euros in the sporting spectacle.

The largest sports facility in the former Soviet republic is the Olympic Stadium in Kiev enjoying 70,050 seats. The 2018 UEFA Champions League final between Real Madrid and Liverpool FC (3-1) took place in the Olympic Stadium.

Continue to follow Coliseum for latest updates on venues business news. Coliseum is dedicated towards building the best global community of sports and entertainment venue executives and professionals creating better and more profitable venues.

Become a member of the only Global Sports Venue Alliance and connect with stadiums, arenas and experts from around the world. Apply for membership at coliseum-online.com/alliance and make use of the 365Coliseum Business Center including the ‘Get in touch’ business development support tool and the global ‘new projects’ database.

Watch 150 member-exclusive videos with valuable tips for your venue



« Previous News:
» Next News:



More News

Gold Cup Final at Allegiant Stadium sold out

Concacaf showcase tickets fly off the shelves

Published: June 14th, 2021

Las Vegas (US) today proved unequivocally that it is a “soccer town”, and it only took 90... » Read more

Scottish PFL has new title partner

cinch ‘clinch’ five-year deal with SPFL

Published: June 14th, 2021

The Scottish Professional Football League (SPFL) (Scotland) announced on June 10th a new five-year... » Read more

Houston supports bid to host FIFA World Cup 2026

Will Houston 2026 mural magic work on FIFA?

Published: June 14th, 2021

The Houston 2026 World Cup Bid Committee, in collaboration with Houston Airports, will begin... » Read more

2025 FISU World University Games update May 2021

German State bags FISU sporting extravaganza

Published: June 14th, 2021

The inspection visit of the International University Sports Federation (FISU) team took place in... » Read more


Receive global sports venue NEWS twice a week in your inbox