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History
2024
The court ruled to recover 1.8 billion rubles from the owner of Telesport Group
The Ninth Arbitration Court of Appeal of Moscow in August 2024 decided to recover ₽1,8 billion from the former majority owner of Telesport Group Pyotr Makarenko in favor of the joint-stock company of the same name. The trial court's decision was upheld and appeals filed by both parties were dismissed.
According to Vedomosti, the lawsuit was filed in October 2023 by the general director of the Okko video service Sergei Shishkin, who at that time owned a 1% stake in Telesport Group. Shishkin accused Makarenko, who owned a 99% stake, of violating his rights as a shareholder and demanded damages. In addition, the plaintiff demanded to exclude Makarenko from the company's shareholders and write off his shares to the personal account of Telesport Group.
In February 2024, the Moscow Arbitration Court partially satisfied Shishkin's claims, which became the basis for a subsequent appeal. In August 2024, the Ninth Arbitration Court of Appeal upheld the decision of the first instance, confirming the recovery of funds from Makarenko.
In April 2024, the Gagarinsky Court of Moscow placed Pyotr Makarenko under house arrest in a fraud case related to the broadcast of sports events. At this time, the company's management changed, and in July 2024, Shishkin became the owner of a 100% stake in Telesport Group. The value of the deal was not disclosed.
Earlier in 2024, Telesport Group JSC was involved in several major lawsuits, including a dispute with the Okko video service, which accused the company of illegally selling the rights to broadcast Euro 2024 matches to Match TV. The Moscow Arbitration Court in April 2024 recognized the legality of the suspension of the rights of Telesport Group, but the conflict continues to develop.
In addition, in May 2024, the Moscow Arbitration Court decided to recover ₽109,9 million from Telesport Group in favor of Sberbank due to loan arrears. This decision was twice confirmed by the appellate court. In March 2024, enforcement proceedings in the amount of ₽116,5 million were also initiated against the company.
In August 2024, another lawsuit was filed with the Moscow Arbitration Court in the amount of ₽3,9 billion from Telesport Group LLC[1]
The owner of the Okko online cinema received 100% of the Telesport company
Owner and CEO online movie theater Okko Sergei Shishkin acquired a 100% stake in Telesport Group JSC, the largest operator of sports broadcasts in. Russia This became known on July 25, 2024. The transaction was carried out at a market price, but the exact amount was not disclosed.
According to RBC, earlier 99% of the company's shares belonged to its founder Peter Makarenko, and Shishkin owned only 1%. The transfer of a controlling stake was the result of the exercise of a previously signed option, according to which Shishkin had the right to buy out the company upon the onset of certain circumstances.
One of these circumstances was the loss of Telesport rights to show matches of the Spanish Football Championship (La Liga) in Russia. Shishkin called the implementation of the right to buy a company a necessary measure to ensure its stable functioning. He also noted that Makarenko's actions led to the loss of a number of rights to sports events.
At the time of July 2024, Telesport owns the rights to broadcast in Russia the Olympics in Paris 2024, the European Football Championship 2028, the League of Nations until 2027, as well as friendly football matches with the participation of the Russian national team in 2024. However, according to a RBC source, the company has not yet made a settlement with the International Olympic Committee for the rights to broadcast the 2024 Olympics.
Earlier, in October 2023, Shishkin filed a lawsuit demanding that Makarenko be expelled from the Telesport Group shareholders and recover losses of ₽1,8 billion from him. In July 2024, the Arbitration Court satisfied Shishkin's claim, but litigation regarding the recovery of losses continues.
Sergei Shishkin announced his intention to ensure the safety of the company's remaining rights to sports events, which will require additional investments. This, he said, will allow sports fans to continue watching spectacular sports broadcasts in Russia.[2]
2021: Sberbank buys TeleSport Group
On June 16, 2021, Sberbank announced the purchase of TeleSport Group, which is one of the largest players in the sports marketing market. The financial terms of the transaction were not disclosed.
Under the concluded agreement, Okko Sport will receive exclusive rights to show the Spanish Football Championship. At the same time, all the highlights of sports events available on Telesport will be duplicated in the media included in the bank's ecosystem. After the deal, Petr Makarenko will remain CEO of TeleSport.
 | Partnership with Sberbank is a new stage of development for our business and reaching a fundamentally new level. I am very glad that Telesport will become part of the Sberbank team and will present new opportunities for the development of the ecosystem's entertainment assets , "Makarenko said. |  |
According to Andrei Kartashyan, Vice President for Corporate Development of Sberbank, broadcasts of the largest sports events on the Okko platform, part of the Sberbank ecosystem, will attract new users - sports fans, the most loyal audience. High-quality sports content will increase the audience of the service and expand the offer of various types of combined subscriptions. At the same time, a significant part of them will be shown on federal television channels, he noted.
The Kommersant newspaper, citing its sources, announced Sberbank's plans to buy TeleSport Group in January 2021. Then the top manager of one of the TV channels, in a conversation with the publication, suggested that for Sberbank the deal could be considered as "strengthening in the sports topic": the company needs expertise to purchase rights, and the owner of TeleSport Group can look for buyers amid growing competition. Sports rights are becoming more expensive, more and more loans are needed to buy them, for which bank guarantees are also needed, the interlocutor noted.[3]
Notes
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