FK Crvena zvezda, a privately owned entity headquartered in Serbia, was founded in 1945, employs approximately 200 individuals, and operates as a professional Serbian football club specializing in spectator sports.
Greek club Olympiacos was reportedly nearing a €5 million transfer deal for Armenian international Nair Tiknizyan from Crvena Zvezda on August 17, 2026, with a verbal agreement in place and a performance-related bonus remaining as the final detail. This followed reports on August 15 indicating negotiations were in their final stages for a deal potentially worth €5 million plus an additional €2 million in bonuses, alongside a reported €1.1 million annual salary for the 27-year-old left-back. Previously, on August 14, Crvena Zvezda appointed former Liverpool winger Albert Riera as their new head coach on a two-year deal. The appointment came after the club accepted Dejan Stankovic's resignation, which followed a 3-0 defeat by Hapoel Be’er Sheva in the Champions League qualifiers. Earlier, on August 12, Crvena Zvezda general director Zvezdan Terzic commented on the club's transfer policy, explaining they had previously refused to sell Tiknizyan during their unsuccessful Champions League qualifying campaign, which concluded in the third round.
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