Wireless EV Charging To Hit Market Fundraiser Aims To Revive Leeds United Leverkusen Fight Black Market Tickets Executive Transactions Names In The News La Liga Elche Fails To Pay Off Debts Auckland America's Cup Regatta Scrapped Spanish Club Girona Owner Sells 80% Stake AFE President Critical Of LFP Head Tebas Discovery Buys Eurosport France
SBD Global/August 21, 2014/FranchisesPrint All
ManU owners the Glazers "have no plans to sell" the club in the "near future," with the Glazers "determined to be in place for at least the next five years," according to Jamie Jackson of the London GUARDIAN. The news will "not be well received by those supporters who harbour on-going discontent at the family’s ownership model." Despite the "recent share issue which earned the family" around $150M and "raised to 15% the amount of the club ceded by the Glazers to outside interests," the Glazers are reportedly "intent on continuing as proprietors of the 20-times champions for the foreseeable future." While the share issue had "no material affect on who controls United, it once more caused speculation that the Glazers may be preparing to cash in by selling the club in its entirety." With ManU "currently experiencing exponential growth commercially the Glazers are content with the direction of the club, according to high ranking sources at Old Trafford," with the aim to continue "marrying the on-field success of recent years with the expansion of its global profile." The Glazers believe the "increase in United’s number of sponsors, which currently stands at 35 globally, plus recent lucrative blue-chip deals will continue" (GUARDIAN, 8/20).
DOWN TO THE WIRE: In London, Oliver Kay wrote ManU Executive Vice Chair Ed Woodward is facing "an uncomfortable, but inescapable truth," the club's appeal to sponsors like adidas and Chevy "is as great as ever, the reality is very different when it comes to recruiting elite footballers of the type that Woodward seemed to think would rush to Old Trafford even without the prospect of playing Champions League football this season" (LONDON TIMES, 8/21).
The Red Bull F1 team has defended its decision to "make Dutch teenager Max Verstappen Formula One's youngest ever driver and say the 16-year-old has already shown he is championship material," according to Alan Baldwin of REUTERS. Red Bull Motorsports Dir Helmut Marko said on Tuesday that "Red Bull's sister team Toro Rosso were not taking a risk in putting him in their lineup next year." Marko: "He will be 17 when he has his first race, which is pretty young, but I don't think it is a risk." Toro Rosso's announcement is "sure to be a major talking point in the paddock at this weekend's Belgian Grand Prix at Spa-Francorchamps." While there have been "similarly precocious athletes in other sports, with Wayne Rooney making his senior England football debut at 17, they have rarely been in a position where a mistake carries potentially lethal consequences" (REUTERS, 8/19).
A Murcia, Spain legal firm is preparing a lawsuit against the Spanish Football League (LFP) to "demand indemnification for moral damages to fans" of Real Murcia, which "could be relegated from the second to the third division." Lawyer Verónica Murcia Hurtado "assured that her office is preparing a suit, which is open to however many fans who want to join." The claim is "already backed" by the "Federación de Peñas Murcianistas" and the Association of Real Murcia Minority Shareholders (EFE, 8/20). ... La Liga side Elche "still has some additions to make before the end of the summer to complete a roster that currently includes 19 players." The club, "though, has encountered an unexpected problem: the LFP is demanding a short-term renegotiation of the club's debt with creditors." Currently, Elche "will not be able to sign another player." Club execs met with the LFP to increase the amount Elche can spend from €12M ($16M) to €14M ($18.6M), "which would allow the club to make additional signings" (SUPERDEPORTE, 8/20).