Hopp To Become Majority Owner Of TSG Parma Owner Confirms Takeover Of Club Hangin' With ... Seth Holmes Match-Fixing Law Doesn't Go Far Enough Allianz Arena Increases Capacity To 75K Munich City Council Approves New Arena Marussia Nose Section Sells For $23,500 Ecclestone Pushes For Engine Changes FIBA Says JBA Facing Serious Issues Executive Transactions
SBD Global/July 3, 2012/FacilitiesPrint All
Meydan Racecourse has launched a Dh3.5B ($952.8M) legal claim against UAE builder Arabtec and the Malaysian contractor WCT over the construction of the racecourse that hosts the Dubai World Cup, according to Sean Cronin of THE NATIONAL. Arabtec and WCT originally "won the contract to construct the lavish horse-racing development" in Sept. '07 at the "height of Dubai's six-year construction boom." But Meydan cancelled the contract 16 months later, saying the contractors "had not kept to the construction timetable." The joint venture subsequently launched an arbitration action against Meydan, alleging breach of contract. That claim currently stands at Dh2.8B ($762.3M). Meydan has now responded with its own civil suit in the Dubai Courts, arguing that the original arbitration had expired. WCT dismissed the claim as "frivolous and without merit" and vowed to fight the civil suit (THE NATIONAL, 7/2).
After reaching the playoffs of the RaboDirect PRO12 last season, officials of the Scottish rugby team Glasgow Warriors "expected a surge in supporter interest, but even they have been taken aback by a 500% increase" in season-ticket sales compared to this time last year, according to Alasdair Reid of the HERALD SCOTLAND. The uptick in season tickets is also a "vote of confidence in Scotstoun Stadium as the club's new home." With fans originally expressing concern about the move from Firhill, club CEO Nathan Bombrys revealed that "a series of open-door events at the stadium had gone a long way toward allaying any fears." So far, 1130 fans had bought season tickets. That number is "10 short of the record" set during the '10-11 campaign. Bombrys said, "We wanted to double where we were last year, and we're on course to do that" (HERALD SCOTLAND, 6/28).