Quotes Of The Year, Part One Executive Transactions Names In The News Mayne-Nicholls: England Bid Was Best Tour Of Ireland Could Return In 2016 LTA Prize Funding Cut Sparks Fury Qatar Eyeing EPL Tottenham Hotspur Levski Sofia: Salaries 75% Of '15 Budget Subway Ramps Up Liverpool Sponsorship Wanda Emerges In Infront Media Auction
SBD Global/October 23, 2012/FranchisesPrint All
Truck manufacturer Kenworth subsidiary Kenworth de la Montaña has "reached a deal" to become the primary shareholder of Colombian club Once Caldas, according to EL COLOMBIANO. The deal will give the company 17 million of the 46 million shares that the club has on the market, making it the majority shareholder (EL COLOMBIANO, 10/17). In Bogotá, LA REPUBLICA reported that "the first task" of the new majority owners will be to reduce the more than $1.1M debt the club has collected (LA REPUBLICA, 10/18). In Manizales, Osvaldo Hernández wrote that Kenworth de la Montaña "arrived at the most opportune of times," as the club did not have one peso to operate. The players were getting kicked out of their apartments "as they could not pay their rent." The team "had to postpone their trips as they did not have transportation" (LA PATRIA, 10/18). MKTESPORTIVO reported that Kenworth is the "second largest truck manufacturer in the world" behind Mercedes Benz. In Latin America, the company is the market leader (MKTESPORTIVO.com.br, 10/19).
The Scottish Premier League has reprimanded club Heart of Midlothian over its "failure to pay players on time last month," according to Mark Cue of the LONDON TIMES. The Tynecastle club has also been warned about its future conduct and face another SPL hearing on Wednesday over a similar offence from this month. Hearts Managing Dir David Southern confirmed that the outstanding wages from Oct. 15 "had been paid to those affected, believed to be six players and the Manager John McGlynn." In a statement the SPL said: “The charge was admitted by the club. The club has been reprimanded and warned with regard to its future conduct. The club remains subject to a player registration embargo. A second charge against Heart of Midlothian Football Club regarding its alleged failure to pay coaching staff and players on the due date in October will be heard on Wednesday, Oct. 24” (LONDON TIMES, 10/22).