Soccer-Red Star on brink of administration, says club president (Reuters)

By Zoran Milosavljevic BELGRADE, June 27 (Reuters) – Former European Cup winners Red Star Belgrade are likely to go into administration unless the Serbian government steps in with short-term financial aid, the club’s president Dragan Dzajic said on Thursday. The former Yugoslavia winger, who was Red Star’s technical director when they won Europe’s premier club competition in 1991, sent an open letter to Serbia’s sports minister Alisa Maric asking her to allocate a loan in order to save “a fallen giant from going under.” “We are not asking for subsidies,” Dzajic said. …

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