SBD Global/November 8, 2013/Franchises

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  • Scottish Rangers Appoint David Somers Acting Chair, Set Date For Annual General Meeting

    Scottish League 1 Rangers have appointed Fund Manager David Somers as their acting chairman, according to the HERALD SCOTLAND. The club announced to the London Stock Exchange that the 65-year-old "would oversee the appointment of a chief executive, a role which has been vacant since Craig Mather left." The club's statement to the stock exchange read, "The board of Rangers announces that it has appointed David Somers as an independent non-executive director and acting chairman" (HERALD SCOTLAND, 11/7). The SCOTSMAN reported Somers is "expected to lead the process" of appointing a new CEO. He will also "oversee the appointment of other independent non-executive directors to add to the depleted board." Somers is said to have “considerable experience” in corporate governance, with the statement adding that the appointment was intended to lead to a “unified board and provide stability for Rangers” (SCOTSMAN, 11/7). The SCOTSMAN also reported the Rangers annual general meeting will be held Dec. 19 at the club's stadium. The Murray group -- backed by Clyde Blowers Chair Jim McColl -- is "looking to install" Malcolm Murray, Paul Murray, Alex Wilson and Scott Murdoch onto the board and is also "seeking the removal" of Finance Dir Brian Stockbridge (SCOTSMAN, 11/7).

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  • Nissan's V8 Supercars Season A $5M 'Waste' Due To 'Botched' Aerodynamics Test

    Nissan has written off its debut V8 Supercars season as a A$5M ($4.7M) "waste with a botched aerodynamics test" ruining its history-making year, according to James Phelps of the Sydney DAILY TELEGRAPH. The powerful Japanese manufacturer "has demanded a new test on their aerodynamics package with drivers claiming the cars feel as if they are being held back by a parachute." Privately it calls its Nissan V8 "a flying fridge." Nissan Global Motorsport Dir Darren Cox fronted V8 Supercars CEO James Warburton and "was given the go-ahead to redesign the car in a move that will see Kelly Brothers Racing hit the grid with four new look Nissan Altimas next year." Nissan has been "on the warpath since learning the aero package on their car was to blame for their poor performance -- not the engine as previously thought." Kelly Brothers co-Owner & driver Rick Kelly said, "We knew it was an aero problem then and while frustrating, it is great that we know what is wrong and have been given permission to do something about it" (DAILY TELEGRAPH, 11/8).

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  • Argentine First Division All Boys Players Lift Strike After Agreement Regarding Late Salary

    Argentine first division side All Boys players decided on Wednesday morning not to "participate in practice due to the club owing players payments from August, September and October," according to CLARIN. The "delay in payment ranged from three to six months, depending on when players joined the club." Wednesday afternoon, however, the "situation improved: All Boys President Roberto Bugallo met with Sergio Marchi of Futbolistas Argentinos Agremiados (Argentine Footballers Union)." Bugallo: "We made a proposal to the union to address the salary payments that we owe." A term of 15 days was contracted for "payment for the month of August." Once this part is paid, the "other months will be addressed." All Boys players Nicolás Cambiasso and Fernando Sánchez "met with Marchi and accepted the proposal, then decided to return to work Thursday." Former All Boys coach José Romero addressed the topic and said, "Things at the club are going bad. It does not surprise me that the players have taken this measure" (CLARIN, 11/6).

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  • Australian Football League Club North Melbourne Will Pay Close To Full Salary Cap

    Australian Football League club North Melbourne will pay close to 100% of the salary cap for the first time next year -- but "fears it could be a flash in the pan unless AFL equalisation measures can level the playing field," according to Grant Baker of HERALD SUN. The Kangaroos are poised to announce a A$1M ($950,000) profit but "can only pay close to salary cap capacity in 2014 because of significant fundraising." North raised about A$1M "as part of its Box On debt reduction campaign this year" and a further A$800,000 earmarked "for football-related spending at a special Shinboner Night." It "will need to raise a similar amount next year to meet its salary cap commitments." North Melbourne has reduced its debt from A$8M in '07 to less than A$3M and "has acted on its better financial situation by beefing up its football department" -- adding Geoff Walsh as football manager and Leigh Tudor, Gavin Brown, Cameron Ling and John Donehue as assistant and specialist coaches (HERALD SUN, 11/7).

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