MOSCOW, August 7 (R-Sport) – Anzhi Makhachkala, who are known for their brash, big-spending ways, will announce a plan Wednesday to drastically reformat their operating budget to around $50 to $70 million annually.
The move was announced over Twitter by Konstantin Remchukov, chairman of the club’s board of directors, who said that costs will be slashed by excising the roster of some of its pricier assets.
“We failed to achieve any kind of success quickly, so a lot of players will leave,” Remchukov said.
Anzhi’s bloated budget reached a reported $180 million last season, likely putting them among the top-two highest-spending Russian Premier League teams, along with Zenit St. Petersburg, heading into the current season.
According to Remchukov, club owner Suleiman Kerimov is “in control of the situation” and will address the financial overhaul later Wednesday.
Meanwhile, it was unclear Wednesday morning how, exactly, the struggling club plans to reduce costs. Russian media reported high-priced offseason signees Igor Denisov, Alexander Kokorin, Yuri Zhirkov and Vladimir Gabulov – all Russian internationals – could all be shown the door.
Remchukov said coach Rene Meulensteen, who replaced Guus Hiddink in June, will be unseated by Krylya Samara Sovetov coach Gadzhi Gadzhiev
Anzhi have two draws and two losses four games into the 2013-14 season.