Executive Transactions Mexican F1 Organizers Stage Promo Event Names In The News U.S. Investors Make Offer For Espanyol Real-Juventus Draws 8.1 Million On La 1 Fox Renews Serie A Rights In Latin America Brazilian Stock Car Round Moves Cities Flamengo Plans To Move Out Of Rio São Paulo Stadiums Nearing Beer Approval Euroleague Highlights Growth Since '00
SBD Global/February 17, 2014/FranchisesPrint All
Two main sponsors of League Championship side Leeds United are considering "severing their ties with the embattled" club after the "controversial sacking" of Manager Brian McDermott, according to James Ducker of the LONDON TIMES. Several execs have also departed. Managing Dir Davied Haigh and acting CEO Paul Hunt quit "in protest at the dismissal of McDermott." The moves have left potential new Owner Massimo Cellino "squarely on a collision course with outraged supporters." Cellino could agree Monday on a deal to acquire a majority stake in the club. Leed's shirt sponsor Enterprise Insurance "was understood to be taking legal advice" about withdrawing its sponsorship and recovering the money it has invested in the club. The company "believes that the decision has brought the club into disrepute." Yorkshire-based theme park Flamingo Land, which sponsors the Leeds academy, was reported Sunday night to be" considering withdrawing its backing" (LONDON TIMES, 2/17).
Football Federation Australia is "expected to announce the long-awaited sale" of A-League side Western Sydney this week, according to Ray Gatt of THE AUSTRALIAN. The FFA board "gave its final approval to the deal at a board meeting on Saturday and, as revealed in October, the club will be handed to a consortium of overseas and local businessmen." It is "believed millionaire businessman Jefferson Cheng, who is based in Singapore, is the primary financial backer." His partners include Sydney-based millionaire Paul Lederer and Pirtek Industries Founder Peter Duncan (THE AUSTRALIAN, 2/17).