Bridgestone Renews With FIS World Cup Audi Focuses On Formula E, Quits Le Mans Sport1 Looking To Renew MLB Rights Executive Transactions Hoeneß: Not All Clubs Should Look Abroad AFL Port Adelaide To Play In China Kering Shares Hit 15-Year High John Delaney Steps Down From OCI Watford's Loan Signings Under Scrutiny Alibaba To Invest $100M In Chinese Rugby
SBD Global/December 23, 2013/FranchisesPrint All
London 3 North West side Barnet FC Chair Tony Kleanthous said that his club "could form a long-term partnership" with Super League club London Broncos, according to the BBC. The Broncos, who finished 13th in Super League last season, "have agreed a two-year deal" to play at The Hive, a 5,000-seat stadium in Canons Park. Kleanthous said, "If we find out that we get on well and things are good then we can grow together." The deal with Barnet "saved the Broncos from the threat of administration and secured a new home after their eight-year stay at Twickenham Stoop, the home of rugby union club Harlequins." Kleanthous also said that the possibility of him taking ownership of the Broncos "had arisen during negotiations -- but that eventuality was far off." Kleanthous said, "We have talked about all those kind of things. I am not ready at the moment" (BBC, 12/20).
Former Scottish League 1 Rangers Chair Malcolm Murray said that the club will need a £10M ($16M) cash injection "to stay afloat in the next 18 months," according to Andrew Smith of the SCOTSMAN. The club's "complex ownership structure," as well as the discontent from supporters at the continued presence of Finance Dir Brian Stockbridge on the board, also has Murray "concerned about the ability to attract such investment." The businessman was one of the four "requisitioners" who failed to be voted on to the Ibrox board at Thursday’s annual general meeting, but Murray believes the outcome of that event, which witnessed "loud booing of any contribution from Stockbridge," will not be “the line in the sand” hoped for by new club CEO Graham Wallace, who has also admitted that Rangers need "external funds" in the medium term. Murray said, "Unless they can pull a few rabbits out of hats I don't see who will invest in the club if the board remains exactly the way it is presently." Murray said, “In the next three months there have to be changes. I’m pretty sure they won’t be able to go back to the same institutional investors for more money with the current board set-up. The bulk of them certainly wouldn’t do it. The danger now is that the institutional investors pile out of this, because they are fed up. I’m not saying it will happen, but there is a danger that I’m worried about." Murray claimed that 40 million 25% shares "would be required to raise that sum." However, issuing such a large number of shares would dilute the existing shareholding of current investors and Murray insisted that would be "terrible" for the financial institutions that have already put money into the club (SCOTSMAN, 12/22).
Former La Liga Sevilla President José María Del Nido, who was "recently sentenced to seven-and-a-half years" for his role in the "Minutas" embezzlement case, "has sold more than 7% of his shares of the club," according to Fede Quintero of MARCA. Del Nido sold 7.25% of his shares to businessman Jesús León López. The sale "consists of a package of nearly 9,000 shares" at a value of €800,000 ($1.1B). León is an administrator of Spanish engineering company Sistem Group and "three other companies." It is "without a doubt interesting because León's only business with a sports connection is Inversport 2010, which is based in Málaga." León, who "did not want to make a statement," has been a member of the club since this year and his "relationship with Del Nido began months ago." León "was present at a shareholders meeting last week, but he went unnoticed as an anonymous and unknown person in the world of football" (MARCA, 12/22).