Quote of the Day

"I sold the bloody shares for the bank. I got them out of trouble, and now I'm in trouble. Life is like that sometimes."
-- F1 CEO Bernie Ecclestone, who faces a $400M lawsuit by German bank BayernLB over the sale of F1 to the equity company CVC in '06. (London GUARDIAN, 10/25)
Friday October 26, 2012 Vol. 1 — No. 98 Print This Issue

Top Stories

  • Closing The Sale

    The Board of Control for Cricket in India announced that a Chennai-based media corporation has bagged the Hyderabad franchise of the Indian Premier League Twenty20 tournament for an annual fee of $15.81M, according to Amlan Chakraborty of REUTERS. The club was formerly known as the Deccan Chargers. BCCI Secretary Sanjay Jagdale said that the Sun TV Network "made a bid significantly higher than the second highest offer of $12.83M." He added, "This franchise fee represents a premium of over a 100% above the amount paid by DCHL (Deccan Chronicle Holdings Ltd.) for the Hyderabad franchise in 2008."

  • The Wrong Foot

    Real Madrid's Özil faces $200K fine for wearing adidas shoes.

  • The News Cycle

    FIS President: Vonn hasn't made official request to race in men's event.

  • The Big Chill

    FIS boss Kasper talks about Sochi, safety, sponsorships.

  • Under The Gun

    F1 CEO Bernie Ecclestone faces $400M suit from German bank.

  • Billionaire Club

    TV deal likely to put Cricket Australia over billion-dollar mark.

  • Something Extra

    NRL, players association near completion on bonus plan.

  • New Beginning

    Tour de France to open in U.K. in '14 or '15.

  • Something Different

    CONMEBOL will play 100th Copa America in U.S. in '16.

  • Into The Breach

    French F1 circuit hopes to take place of postponed Jersey race next year.

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