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SBD/Issue 154/Franchises
Franchise Notes
Published May 4, 2005
RUSSIAN ROULETTE: In London, Ted Macauley reported F1 Management Chair Bernie Ecclestone joined Renault Managing Dir Flavio Briatore in a failed bid to buy Premier League club Chelsea. The team was eventually purchased in ’03 by Roman Abramovich. Ecclestone: “We weren’t outbid or anything like that. We just got fed up with all the ins and outs. ... Maybe if we’d put enough people behind it, really looked into it, we would probably have done something and would now be the joint owners.” More Ecclestone: “It’s probably as well that Roman was the buyer over me and Flavio. I’m notoriously careful about my spending. I don’t think I’d have forked out anywhere near as much money as Roman has” (SUNDAY EXPRESS, 5/1).
POCKET ROCKET: Pirates Managing General Partner Kevin McClatchy, on accusations that the team’s owners are “pocketing profits”: “I didn’t like the insinuation that I was taking money out of the team and sticking it in my pocket. I definitely didn’t pocket any money. I’ve got other investors to answer to. ... All of the team’s profits are going right back into the team.” McClatchy said that he and the other owners “have no plan to put the Pirates up for sale,” and added that “not even a significantly wealthier owner could make a difference in Pittsburgh.” McClatchy: “Our player payroll is budgeted at $40[M]. You’re not going to find a billionaire to subsidize $30[M] in losses to get that payroll up to $70[M]” (Dejan Kovacevic, PITTSBURGH POST-GAZETTE, 5/3).






