SBD Global/October 14, 2013/Finance

Print All
  • La Liga Side Espanyol Seeking Investments From Mexico To Cut Club's $192M Debt

    La Liga side Espanyol President Joan Collet on Sunday “headed to Mexico,” according to Rogelio Román of MUNDO DEPORTIVO. Collet, “as he has already tried multiple times in less than one year as president, is looking to Mexico to seal some type of agreement with investors that would mean fresh money for Espanyol.” Collet was “recently criticized” by Espanyol shareholders group Genética Perica spokesperson Román Escuer, who “said Collet’s eager traveling has not produced anything.” Collet responded by saying that “what we cannot do is cross our arms and hope that investors come looking for us.” Collet also confirmed that “his trips to Indonesia, Russia and Libya have been productive.” The commercial “connection to Mexico brought Espanyol to pursue signing a long-term agreement with the Mexican state of Quintana Roo.” Espanyol "is hoping to take advantage of a connection highlighted by coach Javier Aguirre and defender Héctor Moreno, who are both Mexican." Cancun, located in Quintana Roo, is “Espanyol’s principal partner.” This summer, Espanyol “nearly finalized a small offseason tour in Mexico, but it was not to be.” At the time, Collet said, “If there is no economic return, we will not go.” Espanyol’s “economic need remains latent.” The club’s net debt is €142M ($192M) (MUNDO DEPORTIVO, 10/13).

    Print | Tags: Europe, Finance
  • Footwear, Apparel Firm Woodland To Invest $82M In Eight Superstores In India

    Footwear and apparel firm Woodland will invest up to Rs 500 crore ($82M) in the next three years to set up eight "super stores" in India "that will retail outdoor and adventure sports equipment," according to the PTI. The company "plans to sell premium adventure and outdoors sports products and equipment" for specialized outdoor activities such as water sports, hiking, biking, trekking, climbing, fishing, camping and para-gliding. Woodland VP of Strategy & Planning Amol Dhillon said the move is part of the company's strategy to "change the way outdoor and adventure sports is perceived in India." Dhillon said that "the company is targeting a revenue" of up to Rs 800 crore ($131M) in the next three to five years from concept super stores that will sell outdoor adventure and sports gears (PTI, 10/13).

    Print | Tags: Finance, India
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug