Name Change
On August 18, 2011 KK FMP entered into arrangement with financially struggling KK Crvena zvezda. On this day KK Crvena zvezda as a legal entity became legally frozen in the period of the following 5 years in order to pay off its mounting debts while on the same KK FMP changed its name to KK Crvena Zvezda Beograd, which from this day started using all of KK Crvena zvezda property. Though not a legal successor of KK Crvena zvezda (in that it doesn't assume its debts), KK Crvena zvezda Beograd does assume its historical heritage.
On February 14, 2012, Club changed name to KK Crvena Zvezda Beograd Diva, and sine 1. January 2013, club changed name according to new sponsor to KK Crvena Zvezda Beograd - Telekom (after new sponsor, Telekom Srbije)
Read more about this topic: KK FMP
Famous quotes containing the word change:
“We black women must forgive black men for not protecting us against slavery, racism, white men, our confusion, their doubts. And black men must forgive black women for our own sometimes dubious choices, divided loyalties, and lack of belief in their possibilities. Only when our sons and our daughters know that forgiveness is real, existent, and that those who love them practice it, can they form bonds as men and women that really can save and change our community.”
—Marita Golden, educator, author. Saving Our Sons, p. 188, Doubleday (1995)
“Oh take my Heart, and by that means youll prove
Within too stord enough of Love:
Give me but Yours, Ill by that change so thrive,
That Love in all my parts shall live.
So powerful is this change, it render can,
My outside Woman, and your inside Man.”
—Abraham Cowley (16181667)