Hrazdan Sports Complex Privatized, Juventus Football Academy to Be Established

The government has approved the privatization project of the Hrazdan Sports Complex. The company Next Gen Sports has committed to invest 1 billion drams over the next five years, after which a football academy will be established in line with Juventus' program.

According to the letter No. 05-05, dated May 24, 2024, from Next Gen Sports, the company is the only one that has signed a contract with the world-renowned Juventus club to establish a football academy in Armenia, as stated in the justification for the decision.