SBD Global/July 26, 2013/Franchises

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  • Current, Former Cronulla Sharks Directors Could Ask NRL For Loan

    National Rugby League Cronulla Sharks officials have sought assurances from the Australian Rugby League Commission that an emergency loan "would be forthcoming if the fallout from Australian Sports Anti-Doping Authority investigation decimates the club," according to Proszenko, Walter & Carayannis of the SYDNEY MORNING HERALD. Members of the former and current Cronulla boards "have been involved in a series of discussions with ARLC powerbrokers since the club was named as one of six of interest to the anti-doping body." The other five clubs have "been cleared of systematic doping." Current and former directors have "asked the NRL for a loan on favourable terms should the worst-case scenario" take place. The ARLC, "which has already provided staffing and financial assistance since the scandal broke, has intimated it is likely to oblige" (SYDNEY MORNING HERALD, 7/24).

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  • Only Foundation Of Hearts Meets Bid Deadline For Potential Takeover Of Heart Of Midlothian

    The Foundation of Hearts appears "to be a step closer to a potential takeover" of Scottish Premier League club Heart of Midlothian after it was the only group to meet Wednesday’s 5pm bid deadline, according to Darren Johnstone of the SCOTSMAN. The fans group "submitted an improved offer to the club’s administrators BDO as well as proof of funding, as requested by the insolvency practitioners." Joint-administrator Bryan Jackson "was only able to confirm that he received one amended offer out of the three groups that made opening bids" ahead of the July 12 cut-off point. The remaining two, former Livingston Chair Angelo Massone’s Five Stars Football Ltd., and HMFC Ltd, which has Peebles-based businessman Bob Jamieson as its sole director, informed Jackson that their revised offers would be submitted Wednesday night. Failure of the two groups to comply with Wednesday’s target time "is sure to cast doubt over their respective attempts to be named preferred bidder" (SCOTSMAN, 7/25).

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  • Franchise Notes: Juventus To Travel Through Italy, Europe On Iveco-Made Team Bus

    Int'l truck manufacturer Iveco has provided Serie A side Juventus with the team bus the club will use to travel throughout Italy and Europe during the upcoming season. The club's bus, a 450 horsepower Magelys HDH, is black, "with the team name and logo painted across the side." The bus "has 44 seats, with each equipped with a USB port and headphone sockets" (MARCA, 7/23). ... Former League Championship Birmingham City Dir Sammy Yu, who is from Hong Kong, "is heading a consortium looking to buy" League Championship side Sheffield (IANS, 7/25).

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