BMW, Andretti Team Up In Formula E Executive Transactions Government Makes $36M Payment Sepang Circuit Extensively Altered Chelsea Owner Meets Conte For Lunch Euroleague To Hold Final 4 In Istanbul Alejandro Agag Rules Out F1 Role AFC Wimbledon Receives Stadium Boost Nike To Post Weak Results On Home Court Marketplace Roundup
SBD Global/April 3, 2013/FranchisesPrint All
Scottish Premier League side Heart of Midlothian Owner Vladimir Romanov claimed that he had invested £60M ($90.7M) into the club, but is "now ready to sell up 'at any price' and will hand control of the Edinburgh club to their supporters," according to Phil Gordon of the LONDON TIMES. Romanov, who has been the majority shareholder at Tynecastle since '04, has "had his fortune wiped out by the collapse of Ukio Bankas in Lithuania." Romanov, who also holds Lithuanian citizenship, said that "he has lost everything with the plunge into administration of Ukio Bankas" with debts of £380M ($574M). About £25M ( $37.8M) of that belongs to Hearts, who has been "flirting with administration since Romanov withdrew financial support last year" (LONDON TIMES, 4/3). Romanov said, "We have a plan to sell 51% of the club to the fans. Maybe it won't happen straight away, but we would like to realize it" (BBC, 4/2).
Australian F1 driver Mark Webber "will reportedly leave Red Bull and join for Porsche in '14," according to Frank Schneider of BILD. Sources told Bild that Webber "is on the list of the Stuttgart-based company to drive a new prototype for its factory team" at the 24 Hours of Le Mans race and in eight World Endurance Championship races. Webber is reportedly already in contact with Porsche and has stated his interest in the project. Meanwhile, Red Bull Owner Dietrich Mateschitz "has mentioned Lotus driver Kimi Räikkönen as a possible replacement for Webber" (BILD, 4/2).