"Adjarabet" won the right to name the stadium in Batumi.
As for the name of Batumi Stadium, no final decision has been made yet.
"The terms of the tender indicate that we have to work with the stadium administration, there are many conditions to be considered. Therefore, a decision on the name has not been made yet. However, the working name is 'Adjarabet Arena', but it has not been confirmed yet," the company said.
The Ministry of Finance and Economy of Adjara announced a few days ago, that the winner of the auction bought the right at 8.7 million GEL.
"The winner will have the right to name the Batumi football stadium and place an advertisement, which amounts to 1 million 750 thousand GEL annually.
The winner of the auction will only have the right to place the name and advertisement and will not be engaged in the management of the stadium.
According to the terms of the auction, the word "Arena" must be included in the new name of the stadium.
The document reads, that the company has the naming rights on the stadium for 5 years.
The UEFA IV Category Football Stadium with a capacity of 20,000 spectators was built in Batumi for two years. 141 million GEL was spent for the construction and arrangement of the facility.
