SBD Global/July 16, 2014/Franchises

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  • Carlos Slim's Grupo Pachuca In Talks To Acquire Colombian Side América De Cali

    Carlos Slim's Grupo Pachuca in talks to acquire Colombian side América de Cali.

    Mexican conglomerate Grupo Pachuca is holding conversations with Colombian second division side América de Cali with the goal of "acquiring the club or becoming a majority shareholder," according to Felipe Monforte of MARCA. The interest in América de Cali is related to billionaire Carlos Slim's Grupo Pachuca's expansion. Slim also owns Colombian telecom Claro and "he has not hidden his desire to acquire América." Sources said that the negotiations are "nearing a conclusion." The club, which won five consecutive first division championships in the '80s, has been in Colombia's second tier since '11. Since April, "the club's contact with investors has intensified, including its first serious meeting with Slim's conglomerate." Should Grupo Pachuca "complete the takeover, it would make a quantum leap internationally and situate itself in a country with a historic football tradition" (MARCA, 7/14). TERRA reported Grupo Pachuca's interest in acquiring América de Cali "has been known for more than a year," but just days ago the conglomerate "again inquired about taking over the club." In addition to acquiring a majority stake, "Grupo Pachuca would provide massive economic injection to improve the team as it looks to earn promotion." More than a year after "their first attempt to buy the club, Pachuca execs are again looking to buy the club." Former Grupo Pachuca President Jesús Martínez said more than a year ago, "We want to look to Colombia for our next expansion because we see a great opportunity to instill our philosophy in the future, but not now." Grupo Pachuca currently has four teams in its power: Liga MX sides Pachuca and León as well as Mexican second division side Mineros de Zacatecas and Spanish side Real Oviedo (TERRA, 7/15).

    Print | Tags: Franchises, South America
  • Chalak Mitra Group Buys Reigning Caribbean Premier League Champ Jamaica Tallawahs

    Chalak Mitra Group has been announced as the "new franchise owners" of reigning Caribbean Premier League champion Jamaica Tallawahs, according to the JAMAICA GLEANER. The CMG was founded by a "group of entrepreneurs from India who are passionate about cricket." The group, headquartered in Dallas, owns and operates "restaurant concepts across America, including one of the largest KFC franchises in the country." The group is "no stranger to sport, as through its restaurant businesses," it has sponsorship deals with the NBA Dallas Mavericks and Memphis Grizzlies, as well as "several initiatives at collegiate and grassroots level." CMG Chair Manish Patel said, "We're delighted to become the new owners of the Jamaica Tallawahs franchise. As a group, we are passionate about cricket, and after seeing the success of the CPL last year, we knew this was something we wanted to be a part of" (JAMAICA GLEANER, 7/15).

    Print | Tags: Franchises, North America
  • Scottish Championship Side Heart Of Midlothian Ticket Sales Crack 11,000, Break '13-14 Total

    Scottish Championship side Heart of Midlothian announced its ticket sales "have burst through the 11,000 barrier -- surpassing last year's total," according to the Scotland DAILY RECORD. Fans have "thrown their weight behind the club's new set-up and with just weeks to go before the start of the Championship season only restricted availability remains." Meanwhile, the club has appointed Jack Ross as its U20s player development manager and Roger Arnott as academy manager. Ross has "left his role" as Dumbarton No. 2 to take on the position that was "vacated by Robbie Neilson." Arnott, a former regional coach with the Scottish FA, will be "overseeing the Academy after stepping up" from junior academy manager (DAILY RECORD, 7/15).

    Print | Tags: Franchises, United Kingdom
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