SBD Global/June 28, 2013/Franchises

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  • Spanish Second Division Side Deportivo La Coruña President Under Fire As Debt Mounts

    Spanish second division side Deportivo La Coruña President Augusto César Lendoiro's position leading the club "is becoming weaker every day," according to Luis De La Cruz of AS. Lendoiro "has watched as his salary has been lowered and his authority over satellite businesses (Playa Club, Deportienda) has been removed." This, "combined with his inability to reach an agreement with creditors," has caused the organization to begin entertaining the idea of gathering 5% of the club's social capital to hold an Extraordinary Assembly meeting to discuss Lendoiro's future and his administration council (AS, 6/27).

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  • Newcastle Owner Mike Ashley Ready To Sell Premier League Club For $407M

    EPL Newcastle United Owner Mike Ashley "will only leave the club if he recoups all of the money he has spent since his take-over six years ago," according to Martin Hardy of the London INDEPENDENT. A Deloitte report showed that the debt owed by the club to the Sports Direct owner stood at £267M ($407M) and that is around the figure "it will take to end his controversial reign at St. James' Park." Ashley "is facing renewed calls in the North-east to end his six-years in charge at St. James' Park following the latest area of controversy, the appointment of Joe Kinnear as director of football." A combined Newcastle supporters' group meeting on Monday night "attracted around 400 fans" and a statement was released Monday that called for the Sports Direct billionaire to "consider his position as owner of Newcastle United" (INDEPENDENT, 6/25).

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  • French Carmaker Citroen To Join WTCC With Factory Team In 2014, Continues WRC Program

    French car manufacturer Citroen revealed that it "will compete in the World Touring Car Championship in '14," according to Gerald Dirnbeck of MOTORSPORT TOTAL. Citroen "will start with its own factory team," and PSA, the owner of Citroen, counts on nine-time rally champion Sebastien Loeb "as its flagship driver." In addition, the manufacturer "will also continue its World Rally Championship involvement." Citroen Team Principal Yves Matton said, "We are still standing fully behind our rally involvement and continue to work hard on achieving the best possible results in 2013. In addition, we want to increase our partnership with Abu Dhabi, so we can continue our WRC program with a new system and new goals." Citroen "has been competing with a factory team in the Middle East Rally Championship where it develops talented youth drivers" (MOTORSPORT TOTAL, 6/25).

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  • Franchise Notes: New Zealand-Based Calder Stewart New Owner Of Carisbrook Stadium

    New Zealand-based construction company Calder Stewart "has been confirmed as the new owner" of Carisbrook Stadium in Dunedin (OTAGO DAILY TIMES, 6/27). ... Scottish Premier League Kilmarnock Chair Michael Johnston last night "hit out at the Kilmarnock fans who have dished out abuse to his kids as the angry mob are making his family’s lives hell." Johnston revealed he and his daughter "have been targeted by supporters who want him out and subjected to torrents of internet abuse in the wake of the unpopular decision to sack manager Kenny Shiels" (Scotland DAILY RECORD, 6/27).

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