Baku F1 Circuit Construction To Kick Off Osaka Raises $114M For New Stadium Executive Transactions FBI To Investigate Former FMF Execs Names In The News Rafael Nadal Leads Criticism Of RFET Brisbane Racing Club Angered By 'Snub' Neymar Transfer Paperwork Revealed Nc+, Discovery Secure Polish Rights CBF President's Real Estate Assets Increase
SBD Global/April 29, 2014/FranchisesPrint All
Supporters of Scottish League 1 side Rangers "demanded the immediate suspension" of CEO Graham Wallace, according to Gary Ralston of the Scotland DAILY RECORD. The Union of Fans called on Chair David Somers "to act against the under-fire chief executive in light of damaging allegations." A spokesperson said, “Given the serious nature of the allegations, we expect David Somers to suspend Mr. Wallace until these investigations are complete.” Wallace’s review, published on Friday, "laid bare the shocking state of the club’s finances." Almost £71M were "being squandered" in the 18 months before December (DAILY RECORD, 4/28). THE SCOTSMAN reported the fan group called on Somers to address the role of Rangers Dir Sandy Easdale, "who does not sit on the PLC board, and the reason for the club’s credit facilities being withdrawn." A Rangers spokesperson said, "Mr. Wallace has no knowledge of a complaint, which if put to the football club, has no grounds." The fans also called on Somers to respond to claims that payment processing company FirstData had "first asked for security in order to continue offering credit facilities for season-ticket purchases back in January." Wallace claimed in his review one of the major factors in the subsequent withdrawal of the facility "was uncertainty over sales" caused by the Union of Fans and former Ibrox Dir Dave King, "who first mooted the idea of a season ticket trust fund in late February." The statement read, “Once again we have seen a Rangers board attempt to deflect the blame for their own incompetence onto fans who only want the best for the club” (SCOTSMAN, 4/28).
The members of relegation-threatened 2nd Bundesliga club Dynamo Dresden "have voted to repay the loan from media entrepreneur Michael Kölmel," according to the SID. At the club's special general meeting on Saturday, 497 of the 518 voting-eligible members "called on the club's management to hold content-related talks with the 60-year-old." Kölmel became Dynamo's main creditor when he invested €5.25M in the club in '00. Kölmel "receives 10% of the club's TV revenue due to his contract with the team." In order to repay the loan, the indebted club reportedly "would have to pay" €7.4M ($10.3M) including interest rates (SID, 4/26).
Barcelona announced that the Spanish Football League's (LFP) Economic Control Committee found no irregular conduct by the club in its signing of Neymar. The committee said, "In view of the appeal made to the LFP by FC Barcelona ... there is no evidence of any irregular conduct committed by the Club which would have infringed the rules and regulations of the LFP. As a result of this, no further action in this matter will be taken." Barcelona had been ordered in February to provide a series of documents related to the signing (Barcelona).