Armenia will spend AMD 280 million (US$695,000) to host the final round of the UEFA Futsal Champions League this May at Yerevan’s Karen Demirchyan Sports Arena.

Armenian Minister of Education, Science, Culture and Sport Zhanna Andreasyan reported that Armenia won the rights to stage the final round of matches after beating out bids by Greece, Lithuania, Poland, Spain and Switzerland.

The 6,900-capacity Karen Dermichyan Arena first opened in 1983 and was revamped in 2008. It has staged a wide variety of sporting events and concerts from ice hockey and boxing to the Chess Olympiad and Junior Eurovision.

The Yerevan Futsal Club didn’t make it out of the Preliminary Round (Group G) with two draws and one loss.

Armenia’s national team ranks twentieth in Europe and forty-fifth globally.

It will be the first major futsal finals in Armenia, which staged football's U19 EURO in 2019 in Yerevan.

Futsal is the FIFA-recognized form of small-sided indoor football (the word is a contraction of the Spanish 'fútbol sala'). It is played between two teams with five players each on the pitch at any one time, with rolling substitutes and a smaller ball than soccer that is harder and less bouncy.

Official sponsors of the Futsal Champions League include Heineken, FedEx, Takeaway.com and Turkish Airlines.