Gold Coast Fined For Salary Cap Breach Marketing Symposium: Global Sports Events Kazakhstan Seeks Foreign Investment Bochum Abandons Plan To Save Money NZRU Cancels Match In Singapore Cargiant, QPR Battle To Build Homes McIlroy Takes Time To Focus On Lawsuit PSG's Biggest Revenue Stream Is 'Other' Stadium Roof Would Cost Up To $307M Adidas Mulling Reebok Sale
SBD Global/July 23, 2013/People and Pop CulturePrint All
For 40 years, F1 CEO BERNIE ECCLESTONE "has been a model for how to monetise a sport," according to Simon Kuper, writing in the FINANCIAL TIMES' weekly Person in the News feature. F1’s operating profits in '11 were $451M, on revenues of $1.5B. Moreover, Ecclestone "has captured much of the sport’s value for himself." Forbes estimates his family’s wealth at $3.8B. Biographer TOM BOWER calls Ecclestone “the most successful British tycoon ever,” and yet “basically a completely uneducated south London second-hand car dealer.” However, Ecclestone’s "downfall may have arrived." Ecclestone "would not have stood out much in money-driven industries such as investment banking or commodities trading." But in sport, "he had a crucial advantage: often he was the only person in the room thinking about profit while everyone else was pursuing glory, groupies or tradition." Even in the '70s, "he saw that F1 could sell television rights internationally." Ecclestone "spends his days on his mobile phone, bargaining with TV companies, sponsors, team owners and governments keen to host races." Ecclestone "can best almost anyone in negotiations." He "pleads, bullies, charms -- and has even searched bins for notes discarded by rivals." He "prefers sealing deals with a handshake." To Ecclestone, "every problem is a management issue that can be solved with a deal." Ideology "does not interest him." Ecclestone "has gradually sold his holdings in F1." He "still runs the show," but now owns only about 5%. CVC, the largest shareholder, "planned to float the business." Ecclestone’s legal problems "make this hard." Ecclestone said of jail, "I don’t think I will like it very much. But you have to get on with things" (FT, 7/19).
Sports brand Mizuno has named RODRIGO C. SILVEIRA as its VP of Latin America. Silveira will work with Mizuno's Brazilian-based regional and industry partner Alpargatas. Prior to joining Mizuno, who has more than 17 years of industry experience, held exec roles at adidas Group Latin America, where he represented the Reebok brand (Mizuno). ... Former Int'l Cricket Council CEO HAROON LORGAT has been appointed as Cricket South Africa CEO. The position has been vacant since October, when GERALD MAJOLA was fired in the aftermath of the bonus-payments scandal. Of the candidates, Lorgat was "the only one with extensive experience in cricket administration." He was previously a treasurer of CSA and convenor of selectors (ESPN, 7/20). ... PAT FITZGERALD has become the first Longford RFC member to be elected Irish Rugby Football Union president. Fitzgerald is the 126th IRFU president (IRISH RUGBY, 7/19). ... Former New South Wales Liberal Party leader KERRY CHIKAROVSKI has been appointed to the board of NSW Rugby Union. Chikarovski had last year been elected to chair the NSW Women's Rugby Union (NSW Rugby Union). ... The WTA has hired STEVE TSENG as the newly created head of global sponsorship sales. Tseng joins the WTA following 20 years at IMG, most recently as senior VP of IMG's U.S. business development team. Based out of the WTA's corporate headquarters in St. Petersburg, Florida, Tseng will report directly to WTA Chair & CEO STACEY ALLASTER, and is set to begin in his new role on Aug. 1. Additionally, the WTA announced that RORY RENWICK will join the sponsorship sales group as senior director of business development for EMEA (Europe, the Middle East and Africa). Rory will be based out of the WTA's London office beginning Aug. 8 (WTA).
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Barcelona has named GERARDO MARTINO its new coach. The Argentinian, "who led Newell's Old Boys" to the semifinal of the Copa Libertadores, will sign a three-year deal. He replaces TITO VILANOVA, who was forced to step down last week as he undergoes continuing treatment for throat cancer (GUARDIAN, 7/22). ... The Badminton World Federation said Monday that it had "launched an investigation into a brawl" involving two Thai badminton players during the Canada Open. The "men's doubles final on Sunday between BODIN ISSARA/PAKKAWAT VILAILAK and their Thai compatriots MANEEPONG JONGJIT/ NIPITPHON PUANGPUAPECH ended up in a fistfight" (XINHUA, 7/22). Issara, who was caught on tape chasing and beating Jongjit, issued a public apology on Sunday, saying that "he lost his temper" after Jongjit hit him with his racket (BANGKOK POST, 7/22). ... Costa Rica national football team coach JORGE LUIS PINTO has been fined $5,000 by CONCACAF and warned about his future. Pinto criticized CONCACAF after the group stage game against Belize, which Costa Rica won 1-0 (INSIDE WORLD FOOTBALL, 7/22). ... Cycling club BMC Racing Sporting Dir JOHN LELANGUE has quit his post after more than six years at the helm in "the wake of the team's dismal showing at the Tour de France that concluded in Paris on Sunday." BMC Racing said in a statement, "John Lelangue is leaving the BMC Racing Team for personal reasons -- effective immediately" (REUTERS, 7/22). ... Former cricketer SHANE WARNE has quit Australia's Big Bash League after two seasons with the Melbourne Stars "in a blow for the struggling Twenty20 tournament." Warne: "I think the time is right for me to hang up my Big Bash boots -- juggling business, family and commentary commitments across two continents is not easy. I've always loved the game but now it's time to observe" (REUTERS, 7/22). ... Former Welsh footballer, North American Soccer League Commissioner and U.S. national team coach PHIL WOOSNAM has died at age 80. Woosnam died Friday in Dunwoody, Ga., of complications related to prostate cancer and Alzheimer's disease. Woosnam played for a number of pro clubs -- including English teams Aston Villa, West Ham and Leyton Orient -- during a 16-year career and earned 17 caps with the Welsh national team (AP, 7/17). ... The Football Federation of Cambodia is set to welcome back South Korea's Lee Tae Hoon as the coach of the national football team for a second term beginning in August ahead of preparations for the Southeast Asian Games in Myanmar in December (PHNOM PENH POST, 7/22). ... Female football referee MARIA REBELLO "is set to create history as she has been named to officiate in the upcoming I-League season by the All India Football Federation." Rebello is "the first-ever woman referee in the Panel of Referees" for the '13-14 season of the I-League. Maria, a former India captain, "is among the AFC Panel of Elite Referees and has also officiated in the Santosh Trophy" (PTI, 7/22). .. Delhi Police on Monday named deceased former South Africa captain HANSIE CRONJE "as acccused in the infamous match-fixing case of the year 2000." No other cricketer "has been named." Two other South African cricketers, HERSCHELLE GIBBS and NICKY BOJE, "were left out of the chargesheet" because the police said that they do not have enough evidence against them (TIMES OF INDIA, 7/22).
BBC's JENNIE GOW: "You'll be pleased to know Kamui is fine despite the look of this accident. Another Ferrari bites the dust! #F1"
London Times' PATRICK KIDD: "If only Australia's batsmen had the staying power of the imminent third in line to the throne. Baby Cambridge must have some Yorkshire in it"
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