YEREVAN-UNITED BREAKS UP

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[01:48 pm] 07 March, 2007

On March 7 we learned that "Yerevan-United" Football Club will not
participate in the Armenian Cup Finals and the championship of the
First group. Furthermore, the club is one the verge of collapse.

Alexandre Sargsyan, the head of the team, claims the breaking up of
the club is determined by the lack of financial means.

The owner and sponsor of the club Tigran Hovivyan currently lives in
Australia. To note, he founded the club in 2005. A few months later
Hovivyan moved unexpectedly leaving the club "ownerless and neglected".

Hovivyan sent a letter from Australia informing that he was looking
for sponsors and would soon be back.

He kept his promise and returned. In 2006 the club really
revived. Hovivyan again assured that he would assemble a serious team
and have great achievements.

But he never realised his announcements. Hovivyan has sent a letter
from Australia lately informing that he is incapable of solving the
financial issues. Thus, the footballers again will be left "outdoors".

The most striking is the fact that the newly-found club already has
its official website. It is noteworthy that the staff intended to buy
shirts and other necessary things for the football players at rather
high prices.