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SBD Global/March 1, 2013/Finance

Finance Notes: Super League Rugby Wakefield Trinity Wildcats Face 'Six-Figure Hole'

Super League rugby side Wakefield Trinity Wildcats "face a six-figure hole in their budget after their main sponsor Eric France went bust." The scrap metal business ceased trading on Wednesday with debts of £22M ($33.4M) (BBC, 2/28). ... Russian tycoon Alisher Usmanov "has sold part of this stake" in Russian Internet company, fueling speculation that the Arsenal shareholder "will use the proceeds to make an acquisition in the telecoms, media and Internet sector" (FINANCIAL TIMES, 2/28).
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