Sources: Islanders Sale Price Was $485M Future Of NHL Panthers Questioned Dodgers' Friedman Mum On Details For '15 Extra Revenue Could Boost Cardinals' Payroll Glass' New Approach Key To Royals' Success Giants Relish In Organizational Consistency Popovich Responds To Sarver's Comments Royals' Glass Satisfied Long Journey Has Paid Off Challenges Await Ballmer In Running Clippers Chicago Sports Team Owners Get Together
Upcoming Conferences and Events
English Soccer Notes: Ownership Switch Leaves West Ham In Limbo
Published June 9, 2009
|West Ham United's Ownership
Transferred To CB Holding
EXPENSE REPORT: In Manchester, David Conn reports EPL club Liverpool is "being made to pay" about $2.99M (all figures U.S.) to "cover the travel, legal and other personal expenses" of co-Owners Tom Hicks and George Gillett. Financial records show Hicks during FY '08 charged about $310,796 for "third party consulting, travel and other expenses," while Gillett charged about $208,816 for "reimbursable travel, legal, personnel and other expenses." The accounts do not offer further detail on what the expenses entailed, and Hicks and Gillett did not comment (Manchester GUARDIAN, 6/9).
TIME TO TOON IN: Seymour Pierce Exec Chair Keith Harris, who is charged with brokering a sale of Newcastle United, said that there are "'two or three' rival parties vying to buy the club." Harris: "I'm confident there will be offers to consider in quite short order." Harris indicated that he "expects a deal to be completed by the end of June." Newcastle yesterday confirmed that the Owner Mike Ashley is seeking $161.9M for the club (BBC.co.uk, 6/8). Newcastle yesterday posted the sale price, as well as an e-mail address for interested buyers, on its Web site, and in London, George Caulkin wrote, "What this announcement has done is simply add another layer of embarrassment to the club. Short of putting it up for sale on eBay, it's hard to see how this could have been handled in a more amateurish way" (TIMESONLINE.co.uk, 6/8).