Mika sports complex in Yerevan put up to auction

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26.08.2014, 16:33

Mika sports complex in Yerevan is put up to auction, according to the Service for Compulsory Enforcement of Judicial Acts.

Mika sports complex in Yerevan put up to auction

YEREVAN, August 26. / ARKA /. Mika sports complex in Yerevan is put up to auction, according to the Service for Compulsory Enforcement of Judicial Acts.

The initial value of the complex put up for sale on August 25th is a little over 9 billion drams (about $22 million.). It is assumed that the auction will continue until the 4th of September.

The total area of the complex is 3,658.9 sq.m. The stadium has 7250 seats. The complex was built in 2008.

The complex is owned by businessman Mikhail Bagdasarov. Bagdasarov also owned Armavia airline that suspended flights from 1 April 2013 to begin the bankruptcy proceedings. -0

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