Huge Early Interest For Royals Playoff Tickets Garber Confirms Possible Chivas USA Hiatus MLS Execs Visit Sacramento For Expansion Search Avalanche To Substantially Increase Payroll Ravens Fans Begin Exchanging Rice Jerseys Franchise Notes Panthers Place Greg Hardy On Exempt List NHL Panthers Vow To Stay In South Florida Senators' Melnyk: Ticket Sales Hard In Ottawa Royals Metrics Thriving Amid Playoff Push
Upcoming Conferences and Events
Gillett "Embarrassed" By Response To Liverpool Financial Woes
Published November 4, 2008
|Gillett Not Proud Of Handling
Of Liverpool Financial Woes
SETTING SAIL? In London, Jonathan Wilson reported Ukraine club Shakhtar Donetsk President Rinat Akhmetov, "Europe's richest man," has "turned down the opportunity to buy" EPL club Portsmouth FC. An intermediary "acting for the club last month approach representatives of System Capital Management, the holding company that controls Akhmetov's other businesses, with a prospectus, but was rebuffed immediately." Portsmouth Exec Chair Peter Storrie "has repeatedly dismissed reports of a financial crisis." Storrie last month said, "We've said all we're going to say about finances. It's getting boring now. It's a boring, boring subject. The club is fine, move on. The owner continues to put money into the club" (London OBSERVER, 11/2).
COST-CUTTING APPROACH: ESPN SOCCERNET reported EPL club Chelsea Owner Roman Abramovich has fired 15 members of the club's staff, including "over half of the club's 25-man scouting department," in a bid to "cut the Londoners' massive costs." A Chelsea spokesperson: "With a total debt of more than [US$1.17B], sacking the [US$158,550]-a-year scouts will only scratch the surface in balancing the books -- something Abramovich wants to see done by 2010" (ESPNSOCCERNET.com, 11/3).