SBD Global/February 7, 2013/Franchises

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  • National Rugby League's South Sydney Co-Owner Says He Won't Sell Stake In Club

    National Rugby League side South Sydney Rabbitohs co-Owner Peter Holmes a Court has "indicated he will not be selling" his 37.5% stake in the Rabbitohs, according to Brad Walter of the SYDNEY MORNING HERALD. Holmes a Court "has been in discussions" with business partner and actor Russell Crowe and Souths officials about his shareholding after Crowe announced in November that he was selling his stake. In the open letter, Holmes a Court said that he "wanted to share the experience of the Rabbitohs' next premiership win." Holmes a Court said, "I would like members and supporters, sponsors and the whole South Sydney family, to know that I am excited about the year ahead. Indeed the decade ahead" (SMH, 2/6).

    STAYING PUT: In Sydney, Brent Read reported Holmes a Court "made it clear he had no plans to follow Crowe's lead." Holmes a Court said, "There has been a step-change in the game of rugby league. This new (broadcasting) deal takes clubs from all losing money to a situation where everyone working hard can break even. I have been through the lean years. I have been through the difficult years. I look forward to enjoying myself a little bit more" (THE AUSTRALIAN, 2/7).

    Print | Tags: Franchises, Australia
  • Suwon Mayor Confident 10th Team Will Boost City's Economy, Build Large Fan Base

    South Korean city Suwon Mayor Yeom Tae-young believes that the Korea Baseball Organization's 10th team, which will be owned by telecoms company KT, "will be very popular out of the gate and eventually allow Suwon to challenge Seoul's status as the country's top sports city," according to Jung Min-ho of the KOREA TIMES. Yeom "is confident that Suwon will provide a massive fan base for the new team," pointing to the nearly 300 active amateur baseball teams in the city. Yeom: "The support toward landing a baseball team has been significant. Our survey showed that more than 90% of the citizens said they want a Suwon baseball team." Additionally, the lengthening of the country's "economic downturn has seemed to spark baseball's growth as a serious business." When bad news hits "and wallets get thin, people seek escapist entertainment." Paying 6,000 won ($5.50) "to watch baseball accompanied with beer and fried chicken has proved popular." One of Yeom's pledges for hosting the expansion team is constructing a domed stadium to meet "sports fans' long-cherished wish." He, however, "is taking a cautious approach to executing it." Yeom: "We will definitely proceed with the project as promised. However, because it the cost will be enormous, we have to carefully measure when and what size of stadium we construct" (KOREA TIMES, 2/6).

    Print | Tags: Franchises, Asia
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