SBD Global/October 14, 2013/Franchises

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  • Report Claims Red Bull Looking To Expand Football Ownership, Buy English Club

    Red Bull already owns several football clubs, including the MLS N.Y. Red Bulls.

    Red Bull wants "to buy a football club in England -- and ‘give it wings’ to make it big," according to Alan Nixon of the London MIRROR. The Austria-based energy drinks firm is "on the look-out for a suitable club," with Anglophile coach Ralf Rangnick, who is also the Sporting Dir of Red Bull Salzburg, "heading the search." As well as current Austrian league leaders Salzburg, Red Bull "already owns clubs in Germany, New York, Brazil and Ghana." Rangnick, who almost got the Everton job in the summer, "has been tasked to find a club in England for their latest move into ownership." An insider in the deal said, “Red Bull want a team to take into the Champions League. It is the only market they have not reached yet. Ideally this would be in the London area, but both Everton and Liverpool interest them too because it would not take much to get them to that level." News of Red Bull’s interest "is spreading rapidly and there should be no lack of willing sellers" (MIRROR, 10/12). In London, David Kent reported Red Bull F1 team principal Christian Horner "does not believe the energy drinks company is on the brink of a takeover" at a Premier League club. However, he "would not be surprised if it made a move in the future." Horner: "I would doubt it. They have got their own team in Salzburg, they have another one in Germany, so I am not sure they would want to take another one on at the moment, but with Red Bull, you never know" (DAILY MAIL, 10/13).

    Print | Tags: Franchises, Europe, United Kingdom
  • Former Rangers Director Dave King Says He's Ready To Return As Club Chair

    Another "major boardroom upheaval is on the cards" at Scottish League 1 Rangers after Dave King announced Sunday that he is ready to return as club chairman after “very positive” talks with senior club officials in South Africa, according to Moira Gordon of the SCOTSMAN. King has settled a "long-running tax dispute with South African authorities," and is now free to invest in the newco Rangers. And King confirmed that "he is planning for the funding of the club already," to get the Rangers back to the top of the Scottish game. There has been speculation that King wants former Dir Paul Murray to rejoin the Rangers board, but he said: “My involvement is not linked in any way to any other individual, albeit I have my private thoughts as to certain individuals that might add value to the club going forward. Ultimately it is for the shareholders to make such decisions” (SCOTSMAN, 10/13) The BBC reported King invested £20M when David Murray was owner of the Rangers, but "lost that money in the financial meltdown at Ibrox last year." In South Africa, he has agreed to pay £44M to the country's Revenue Service, as criminal charges against him were dropped -- a settlement King says "removes any impediment" to him being appointed to the board. The appointment "would have to be ratified by Rangers's nominated adviser, Daniel Stewart" and King's problems in South African "would form part of that decision-making process." King would also have to satisty Scottish FA regulations (BBC, 10/13).

    Print | Tags: Franchises, United Kingdom
  • EPL Side Cardiff City Owner Vincent Tan Risks Fan Backlash With New Appointment

    After sparking controversy by changing the color of the team's kit, EPL side Cardiff City Owner Vincent Tan "could face more anger from fans by making contentious changes to his backroom staff on," according to the AP. Tan urged Cardiff supporters to "remain united in our support of the team" in a statement announcing the departure of Iain Moody as the club's head of recruitment. Replacing Moody is 23-year-old Kazakhstani Alisher Apsalyamov, who according to British media is a friend of Tan's son, "has no previous football experience and was on work experience this summer painting the walls of Cardiff's stadium." Moody's close relationship with Manager Malky Mackay "provoked fears among fans groups that the coach's position could be under threat." However, Tan said he had "every faith in Malky," adding, "I have supported him in the past and will do so in the future for many years to come" (AP, 10/11).

    Print | Tags: Franchises, United Kingdom
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