SBD Global/August 22, 2013/Finance

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  • National Rugby League To Look Into Claim That Cronulla Has A Secret Bank Account

    National Rugby League CEO Dave Smith asked the league's integrity unit "to investigate claims of a 'high performance unit' bank account operated by Cronulla coach Shane Flanagan," according to the AAP. Flanagan has reportedly said that the account was used to "buy gym equipment -- with money raised through functions and golf days -- because the football department was not funded well enough to be competitive." Smith said on Wednesday that he had spoken to NRL COO Jim Doyle, who "oversees the integrity unit," as well as Cronulla CEO Steve Noyce and Chair Damien Keogh about the issue. Smith: "I don't know the details of the account. What we need to do is have a good look at what actually has happened, have a look at -- if the account existed -- what it was used for, and all the things you'd expect the investigation team to do" (AAP, 8/21).

    Print | Tags: Australia, Finance
  • La Liga Side Valencia Receives Doyen Investment Group's Help In Player Transaction

    La Liga side Valencia President Amadeo Salvo has confirmed that "Dorlan Pabon’s move to the club has been co-funded by the Doyen investment group," according to FOOTBALL ESPANA. Doyen, which "have percentage shares in a number of players across La Liga including names at Sevilla and Getafe," have been named by Salvo this week as the "investment group to have helped in their purchase of Pabon." Though it was "initially believed that the team needed to offload one of Aly Cissokho and Pablo Piatti first in order to fund the cash deal, reports were that Valencia had instead turned to an investment group." Salvo confirmed Doyen’s involvement, funding 50% of the deal "and in effect taking half ownership in the striker" (FOOTBALL ESPANA, 8/21).

    Print | Tags: Europe, Finance
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