Spartak Moscow owner Leonid Fedun is set to float the club's shares on the stock market as part of his process of recouping some of the cash he has invested into the side since his arrival.

Fedun, who is rated among Russia's 20 richest men by Forbes magazine with a net worth of $7.1 billion, has invested almost $1 billion since buying Spartak in 2003.

Last month the billionaire sold the naming rights to the club's new $500 million stadium – set to open in early 2014 - to a local ...

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