Schalke Partners With Leverage Agency Hagen Searching For New Arena Partner Names In The News Citic Group Close To Celta Vigo Takeover Gymnastics World Cup Moves To London Executive Transactions Oman FA Names Coke Official Sponsor Tottenham To Promote Youth Football Footy Friday To Cost Victoria A$1B BCCI Says IPL Worth $4.5 Billion
SBD Global/June 25, 2013/FranchisesPrint All
Boston-based hedge fund manager James Pallotta is determined to bring U.S.-style branding and management to transform Serie A club AS Roma "into a profitable venture competing with the best in Europe," according to Guy Dinmore of the FINANCIAL TIMES. The challenge is daunting, "not just because Italy's Serie A is the least profitable of Europe's top leagues." Roma has also been plagued by outbursts of racism and violence from a small number of its diehard "ultra" fans, "while the team's talismanic captain and record goal scorer, Francesco Totti, is coming towards the end of his 20-year career, at the age of 36." After Roma managed to make just sixth place in Serie A, Pallotta said, "It has been a frustrating year. I am extremely disappointed. We beat all the best teams -- Juventus, we destroyed AC Milan, Fiorentina and three times beat Inter. But it is absurd how we played against the bottom half." Key to Roma's financial future "is to follow the example of Turin's Juventus and build its own stadium." The club has identified a site on the outskirts of Rome, "and hopes to submit building plans next month" to be ready for the '16-17 season. The design for a stadium with a capacity of 50,000 to 60,000 seats "is inspired by the city's ancient Colosseum," reflecting Pallotta's intention to build the Roma brand on the Italian capital. Pallotta: "We are branding Rome." Pallotta reckons that if ManU is worth some $3.9B and Roma is currently valued at less than $200M, then "there is a lot of opportunity to bridge that chasm" (FT, 6/23).
Scottish Second Division Rangers fans have told Scottish Premier League Hearts it "had a cheek to even ask for a fund-raising friendly at Tynecastle," according to Gary Ralston of the Scotland DAILY RECORD. Jambos Manager Gary Locke admits he spoke with Rangers Manager Ally McCoist "about playing a game to raise money for the stricken Gorgie club." The Light Blues "declined because they have already organised a full pre-season schedule of matches at home and abroad." Ibrox supporters said that they would "have snubbed the game anyway because Hearts were the first SPL club last summer to deny their bid to play top-flight football amid their own financial woes." Rangers Supporters Association member Drew Robertson said: “It’s probably just as well the game isn’t going ahead. Rangers fans would not have supported it" (DAILY RECORD, 6/24).
The "light punishment for Mercedes in the tire-test controversy continues to make noise in F1," according to Nicola Pohl of BILD. FIA Int'l Tribunal insiders said that rival Red Bull "suggested a punishment for Mercedes -- and it would have been a heavy one." The alleged proposal: "deduction of 150 points in the constructors championship, plus a fine of $100M." That's what McLaren had to pay in '07 for "Spygate" (BILD, 6/22).