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Business Jun 06, 2026

The Billionaire’s Frontline: Rinat Akhmetov on Resilience, Business, and the Return to Donbas

Amidst the heaviest aerial raids on Kyiv, Ukraine's richest man Rinat Akhmetov reflects on his 30-y…
The War Economy: A Billionaire’s Perspective from the FrontlineUkraine is reeling from its heaviest aerial raid in months, with at least 25 people killed in the night sky. In the aftermath, Rinat Akhmetov, the country's wealthiest oligarch and owner of Shakhtar Donetsk, gives a rare interview from a location outside Kyiv. This conversation marks the 90th anniversary of the club and the 30th year of Akhmetov's leadership, offering a unique insight into how the war has reshaped his personal and professional life.From Coal Traders to Champions: The Akhmetov StrategyAkhmetov’s rise from a child in 1970s Donbas to the owner of one of eastern Europe’s most influential football clubs is a story of calculated risk and strategic foresight. His journey began not in football, but in the volatile economy of the 1990s.The Proximity of Danger: Akhmetov was five seconds away from death when his business partner and predecessor, Akhat Bragin, was killed in a stadium explosion in 1995. This tragedy left the club abandoned, with players earning as little as $200 or $300 a month.Industrial Expansion: Leveraging the collapse of the Soviet Union, Akhmetov moved from trading coke and coal to acquiring cheap stakes in metallurgy plants. He revitalized the Yenakiieve plant, where workers previously earned $45 a month, transforming it into a globally competitive enterprise.Breaking the Mold: To break Dynamo Kyiv's dominance, Akhmetov hired foreign managers like Nevio Scala and Mircea Lucescu. He argued that a patriot is someone who works for Ukraine's benefit, regardless of origin, a philosophy that yielded 22 trophies over 12 years.The Financial Toll of Occupation and the Iron and Steelworks of AzovstalThe conflict in Donbas has been devastating for Akhmetov’s industrial empire. Since the occupation began in 2014, his businesses have suffered severe losses. The Azovstal iron and steelworks became a global symbol of Ukraine's resilience during the 2022 siege, though it came at a massive cost to the local economy.Shakhtar was forced to flee their home, losing the Donbas Arena—a stadium that once held 40,000 to 50,000 fans—to the occupying forces. The club's relocation to Lviv and Poland turned them into a powerful ambassador for the Ukrainian state, using the Conference League semi-finals to keep the world's attention on the war.Shakhtar as a Symbol of Ukrainian ResilienceAkhmetov reveals that Shakhtar has always been pro-Ukrainian, evidenced by their 2007 decision to use the Ukrainian spelling of their name over the Russian one. However, the full-scale invasion has crystallized this identity. The club is now viewed globally as a symbol of the fight for independence, sovereignty, and freedom.The Road to Donbas: A Promise Kept and BrokenFor years, Akhmetov maintained a moral imperative: he vowed not to attend another game until Shakhtar returned to their beloved Donbas Arena. This promise was broken last month when he returned for the Conference League quarter-final following the death of his long-time manager, Mircea Lucescu. The spontaneous decision was driven by emotion, as the players' applause during the warm-up moved him to tears. It marks a significant moment in the club's history, signaling a potential return to the region that birthed them, even as the war continues.
#Rinat Akhmetov #Shakhtar Donetsk #Ukraine
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Sports May 26, 2026

Crystal Palace's Topsy-Turvy Road to European Glory

Crystal Palace's journey from FA Cup winners to European finalists has been a rollercoaster season …
The Rollercoaster Road to European GloryIf following a football club can be a rollercoaster, this season has been the equivalent of the Oblivion ride at Alton Towers for Crystal Palace supporters. The ride offers "physical trauma, psychological breakdown and chaos" – and Palace fans have been through all that and more over the last 12 months, culminating in a place in the European Conference League final.From FA Cup Triumph to European DemotionIt all started when Crystal Palace won the FA Cup for the first time, beating Manchester City 1-0 at Wembley last May. The mixture of elation, euphoria, disbelief and relief lasted for days, weeks, months and still lives on a year later. After securing that long-awaited first major trophy, the realization sank in that there would be a European campaign to enjoy.However, deep down there was a nagging feeling that this somehow was not real, and sure enough, the lightning bolt landed courtesy of Uefa and Evangelos Marinakis. Nottingham Forest's owner suggested Palace had not conformed to the rules regarding multiclub ownership as one of the club's shareholders, John Textor, had a stake in Lyon. Uefa agreed and Palace were removed from the Europa League and jettisoned into the lesser Conference League.Palace fans were devastated, especially as their place in the Europa League was given to Forest. The Palace owner, Steve Parish, launched an appeal, backed by some vociferous protests from Palace fans, led by the Holmesdale Fanatics, which included taking a suitcase of cash to Uefa's headquarters and spawned a new ditty "Fuck Uefa" that would get plenty of airing.Navigating European Competition with a Thin SquadThe pressure showed in their European debut. The first leg of the playoffs against Norwegian club Fredrikstad was an eye opener. Preparations for the match were disrupted by Eberechi Eze's impending departure to Arsenal and in his absence they struggled to overcome a team that defended so deeply they were almost subterranean. This was to become a recurrent theme in the early stages of the competition. Palace won a scrappy tie 1-0 on aggregate. Glamorous it was not.The team enjoyed an unprecedented unbeaten run, which reached 18 games in all competitions with a relatively comfortable 2-0 win over Dynamo Kyiv in Lublin. That run came to an end with a 2-1 defeat at Everton after a very late goal from Jack Grealish. The novelty of playing in Europe, which necessitated a Thursday-Sunday schedule, was a hurdle that a thin squad struggled to cope with.Overcoming Adversity to Reach the FinalBehind the scenes, the clouds were gathering. Oliver Glasner met Parish to inform him of his intention to leave the club at the end of the season, bemoaning the lack of depth. Things were beginning to unpick. For the home tie with AEK Larnaca, a tifo based on TV comedy Dad's Army was unveiled showing the way to Leipzig, the venue for the final. That felt a bit premature, especially after the Cypriot club ground out a gritty 1-0 win.Next stop Dublin, a trip as relaxed and enjoyable as the warm welcome accorded to Palace fans. Their goalless run continued; Palace coasted to a 3-0 lead and expended little energy preserving their clean sheet. Finnish team KuPS were the last opponents in the group stage, and after a stunning early goal from Christantus Uche, it looked as if Palace would wrap up a comfortable victory. Two quickfire goals for the away side left Palace fans wondering if the European dream was going to be railroaded, but a late Justin Devenny equaliser ensured they made the playoffs.Seminal Victories and European ProgressThe next European tie was two months away and, after beating Fulham at Craven Cottage in early December, Palace were fourth in the Premier League. But more turmoil was on its way. The defence of the FA Cup started, and ended with a trip to Macclesfield, a National League North club 117 places beneath them in the league pyramid. To add to this humbling, Glasner made public his plan to leave, club captain Marc Guehí joined Manchester City and leading scorer Jean-Philippe Mateta was a medical away from joining Milan.A new low was reached when an irate Glasner let rip into the club after losing to Sunderland, saying: "We feel that we are being abandoned completely. Selling our club captain one day before the game makes me really upset today." Eight months after winning the FA Cup, the boat wasn't just listing, it was being dashed against the rocks.The return to European action was a welcome distraction. A win over Bosnian side Zrinjski Mostar in the playoffs set up a last-16 tie with Larnaca, who shut them out at Selhurst Park before a double from Ismaila Sarr in the away leg secured victory. Finally, they landed a glamorous tie with a club steeped in European competition. Fiorentina had been to six European finals including two Conference League finals in the last few years.This was proper European football and, sure enough, as soon as they shed their favourites tag, they put in their most convincing performance at Selhurst Park, winning 3-0 at home to put the tie to bed in the first leg. They had begun the competition proper against a Ukrainian team, so facing Shakhtar Donetsk in the semi-final felt like completing the circle. Palace put in another excellent performance. Ismaïla Sarr scored after just 21 seconds – the quickest goal in Conference League history – and the 3-1 win in Krakow made the second leg at Selhurst pretty much a formality.The Significance of Palace's European JourneyCrystal Palace's journey to the Conference League final represents more than just a successful European campaign. It demonstrates the resilience of a club that has consistently punched above its weight in English football. Despite facing significant challenges – including being demoted from the Europa League, losing key players, and dealing with managerial uncertainty – the Eagles have shown remarkable character to reach their first European final.This achievement also highlights the changing landscape of European football, where smaller clubs can make meaningful progress in competitions that were once dominated by established powerhouses. Palace's run has captured the imagination of neutrals and given their passionate fanbase something to celebrate during a season of domestic disappointment.What Comes Next for PalaceAs Crystal Palace prepares for their European final, questions remain about the club's future direction. With manager Oliver Glasner set to depart and key players potentially leaving, the Eagles face the challenge of maintaining their momentum beyond this historic European campaign. The club will need to balance their European ambitions with the realities of Premier League competition while navigating the complexities of squad building and financial fair play.Whatever happens in Leipzig, Crystal Palace's topsy-turvy season has already secured a place in the club's history books. Their journey from FA Cup winners to European finalists, filled with drama, controversy, and ultimately triumph, will be remembered as one of the most remarkable seasons in the club's 116-year history.
#Crystal Palace #FA Cup #Conference League
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Sports May 20, 2026

FC Chernihiv's Miraculous Run to Ukrainian Cup Final

FC Chernihiv, a team battling relegation from the second tier, has made a remarkable run to the Ukr…
The Underdog Story of FC Chernihiv FC Chernihiv, a team from the Ukrainian city of Chernihiv, has made a remarkable run to the Ukrainian Cup final against Dynamo Kyiv. The team's journey is a testament to the resilience and determination of the city's people, who have suffered greatly since the Russian invasion in 2022. From Relegation Battle to Cup Final FC Chernihiv is currently battling relegation from the second tier, but their impressive run in the cup competition has given them a chance to secure an improbable Europa League spot. The team's semi-final win against Metalist 1925 Kharkiv on penalties, despite being reduced to 10 men in the fifth minute, was a significant upset. The Impact of War on Chernihiv The city of Chernihiv has been severely affected by the war, with many of its sporting infrastructure damaged or destroyed. The city's famed FC Desna club was forced to cease operations after its stadium was reduced to ruins by Russian shelling in 2022. A Beacon of Hope FC Chernihiv's academy plays a vital role in providing hope to youngsters from a ravaged region. The club's youth system has around 500 children training regularly, many of whom have lost parents during the war. The team's coaches, including Ihor Bobovych, are giving these young players a chance to train and distract them from the harsh realities of war. The Road to the Final FC Chernihiv's owners, Yurii and Mykola Synytsia, have driven the club's rapid development despite the surrounding turmoil. The team's manager, Valeriy Chornyi, and his coaching staff will lead the team to Lviv for the cup final, where they will face Dynamo Kyiv.
#FC Chernihiv #Ukrainian Cup #Dynamo Kyiv
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Sports Apr 07, 2026

Romanian Football Legend Mircea Lucescu Passes Away at 80

Mircea Lucescu, a highly acclaimed Romanian football player and coach, has died at the age of 80. H…
Mircea Lucescu, a Romanian football great who achieved immense success as both a player and a coach, has passed away at the age of 80. His death was confirmed by Bucharest's university emergency hospital on Tuesday, following a reported heart attack on Friday morning.Lucescu was one of the most successful Romanian football coaches and players, remembered for qualifying the national team for a European Championship in 1984. He had a lengthy coaching career, managing teams across Europe and winning multiple titles, including the Uefa Cup with Shakhtar Donetsk in 2009.As a player, Lucescu won 64 caps and captained Romania at the 1970 World Cup. His coaching career included stints with Galatasaray, Shakhtar Donetsk, Zenit Saint Petersburg, Dynamo Kyiv, and the Turkish national team. He returned to coach Romania in an attempt to qualify for the World Cup, despite his health issues.Lucescu's legacy is celebrated by fans and fellow clubs, with tributes pouring in from Galatasaray and Shakhtar Donetsk. His dedication to Romanian football and his achievements have left a lasting impact on the sport.
#Mircea Lucescu #Shakhtar Donetsk #Galatasaray
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Sports Mar 25, 2026

Romania's Mircea Lucescu Fights for World Cup Dream at 80 Amid Health Battles

At 80 years old, Romania's Mircea Lucescu is battling his own body while fighting for his country's…
Mircea Lucescu, Romania's 80-year-old football manager, is defying his physical limitations to pursue his country's World Cup aspirations. Lucescu has been hospitalized three times since December but remains resolute in his mission to lead Romania to their first World Cup in 28 years. Lucescu's determination is rooted in his passion for football and his sense of duty to Romanian football. He believes that his team has a chance to qualify for the World Cup and is focused on preparing them for the playoff semi-final against Turkey. Despite his advanced age and health issues, Lucescu's energy and love for the game have not diminished. He has a long and illustrious career in football, having played for Romania at the 1970 World Cup and later managed the national team to several successful campaigns. Lucescu's approach to coaching emphasizes the importance of mental preparation and motivation. He believes that his players must be strongly motivated and able to control their emotions in order to succeed. The buildup to the Turkey game has not been easy for Lucescu, with injuries to key players Ionut Radu and Marius Marin. However, he remains focused on the task at hand and is determined to lead his team to victory. Lucescu's legacy in football is undeniable, with over 30 trophies won throughout his career. His second stint as Romania manager began shortly after the 2024 European Championship, and he is eager to make a lasting impact on the team. As Lucescu prepares for the playoff semi-final, he is also mindful of the broader context of Ukrainian football, having left a legacy in the country after 12 years at Shakhtar Donetsk and three with Dynamo Kyiv. He keeps in touch with his former players and friends in Ukraine, who are facing a difficult situation due to the ongoing conflict. Lucescu's ultimate goal is to help Romania qualify for the World Cup, not for personal glory but for the benefit of Romanian football. He hopes that his players will treat this game as a moment to mark a before and after, defining a generation and achieving an extraordinary feat for Romania.
#lucescu #romania #world
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