Crvena Zvezda will have smaller budget than Partizan next season / News - Basketnews.com

Credit: Credit ZumaPress - Scanpix, D.Lukšta | BasketNews/E.Alšauskas Credit Credit ZumaPress - Scanpix, D.Lukšta | BasketNews/E.Alšauskas

Crvena Zvezda mts Belgrade have announced their budget for the upcoming season.

Team president Nebojsa Covic revealed to a local news channel, Prva, that his team will have around €5.1 million at their disposal during the 2021-22 campaign.

It is reported that the size of Crvena Zvezda's wallet will remain almost the same size as last season, when the team's budget shrunk by around 30% due to the pandemic - from 8 to 5 million euros.

"Expenses are intended not only for players but also for managers, accommodation, and car allocation," Covic said. "Under the Sports Act, we must have an employment and compensation contract. Everyone has certain obligations to the state. We also owe about 30 million dinars (approx. €250 thousand) in VAT, but that is a consequence of COVID-19. We have tried to talk to the tax administration about it, and we are still waiting for their decision."

In comparison, Crvena Zvezda's rivals, Partizan NIS Belgrade, will have a €6 million budget in the upcoming season, according to team president Ostoja Mijailovic.

Crvena Zvezda will compete in the EuroLeague next season, while Partizan will attempt to advance to the strongest European competition through the EuroCup.

Current roster

Crvena Zvezda MTS Belgrade

Position Player Status PG Nate Wolters(story) Signed until 2022 PG Aleksa Uskokovic Signed until 2024 PG Nikola Ivanovic Signeduntil 2022 SG Branko Lazic Signeduntil 2022 SG Ognjen Dobric (story) Signed until 2023 SG/SF Austin Hollins(story) Signed until 2022 SF Stefan Lazarevic(story) Signed until 2022 SF Marko Simonovic Signeduntil 2022 SF Dejan Davidovac Signeduntil 2022 SF Aleksa Radanov Signeduntil 2022 PF Aaron White(story) Signed until 2023 PF Luka Mitrovic Signed until 2023 PF Nikola Kalinic(story) Signed until 2022 +1 C Ognjen Kuzmic Signeduntil 2023 C Nik Popovic Signeduntil 2024 Coach Dejan Radonjic Expired contract Jordan Loyd (not coming back), Landry Nnoko (not coming back), Duop Reath, Marko Jagodic Kuridza Rumored to leave Interested Stefan Jovic, Stefan Markovic, Greg Monroe

See all the EuroLeague transfer market newshere.

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