SBD Global/February 14, 2013/Franchises

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  • AC Milan President Berlusconi Admits He May Have To Seek Outside Investment

    AC Milan President Silvio Berlusconi has admitted he "may have to seek an outside investment," according to TRIBAL FOOTBALL. Berlusconi told Italian news agency ANSA, "Foreign money in Milan? Only if I'm forced to do so. But I want there to be conditions to such a thing. I'd love to keep Milan a family thing. I still remember when my father took me to the stadium and I did not have to pay for a ticket because I was so small." He added, "The club is a part of my family. My daughter Barbara is now part of the company, and I'd like to keep it that way. However, this does not mean that I'd instantly dismiss the idea of foreign investment. If the economic crisis continues, things may have to change" (TRIBAL FOOTBALL, 2/13).

    Print | Tags: Franchises, Europe
  • Hearts Fans Demand Answers After Bank Owned By Club Owner Goes Into Administration

    Scottish Premier League Heart of Midlothian fans "were demanding answers" Tuesday night after the bank owned by club Owner Vladimir Romanov "was plunged into administration," according to Greig Thomas of the Scotland DAILY RECORD. Jambo supporters now fear for their club’s future after it was revealed that Ukio Bankas "was suffering severe problems." But the Tynecastle club "sought to play down" Tuesday’s events. Hearts stressed they are owned by investment group UBIG -- "an entirely separate entity" that "stands alone from Ukio Bankas." Foundation of Hearts Chair Alex Mackie "was due to hold a meeting on Monday to discuss the consortium’s next steps" as it weighs up "a fresh offer for the club." He said: "I want to assess exactly what is going on. But this is certainly a major event" (DAILY RECORD, 2/13).

    Print | Tags: Franchises, United Kingdom
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