ITI nets Legia and multi-million debt, but can't get its hands on logo

ITI is said to have paid $750,000 for an 80% stake in the club, with the remaining shares still being controlled by CWKS Legia, which itself is owned by the Defense Ministry. However, problems have arisen concerning the rights to the team's logo, which remains in CWKS hands. "We have not managed to come to an agreement concerning this issue. Therefore, the club will have to have a new logo," said Paweł Kosmala, ITI's deputy president. In return for the rights to the established club badge, CWKS has demanded zł.25,000 a month, 20% of all merchandising revenues and a seat on the club's management board. The most pressing matter facing the new investor, however, concerns the club's debts, which currently stand at zł.19 million and which ITI has declared it intends to pay off. (Puls Biznesu, p. 6) A.K.