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Why the highly paid boxer Floyd Mayweather is coming to do business in Russia

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The American boxer Floyd Mayweather, who, according to Forbes, tops the list of the world’s most highly paid sportsmen, intends to invest some dozens of his millions into the Russian chain of wholesale stores.

 

As the RBC agency reports, the professional boxer, who earns $300 mln a year, is going to invest in a venture by two Russian businessmen, Timofei Kurgin and the Ananyev  brothers.

As the former said, Mr. Mayweather intends to buy a 10–25% share of the “Four Seasons” chain’s wholesale distribution centers in the Moscow region for $20–50 mln and will enter into a partnership in the forestry business.

At present, the deal on “Four Seasons” is at the stage of agreement and may be finalised in March 2016. The problem is that in the USA the average rate of return doesn’t exceed 2–3% a year.

While in Russia he will be offered a minimum of 10% and a full payback of his investment in some 5-7 years. The boxer’s money will first be used for the construction of wholesale stores in Domodedovo, said Timofei Kurgin.

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