Menu
Franchises

Franchise Notes: Crystal Palace Manager Sam Allardyce Says He Is Leaving Club

Sam Allardyce "stunned" EPL side Crystal Palace by telling the club he wants to quit as its manager. He "wanted certain assurances" from club Chair Steve Parish "before committing his future to the club." Allardyce announced "his desire to leave" just days after Crystal Palace avoided relegation with a win over Hull City on May 14. No statement has been issued by the club, "with the hierarchy understood to be pursuing further talks with Allardyce and his representatives" (London DAILY MAIL, 5/23).

Former Scottish side Rangers Owner Craig Whyte told a prospective business partner that his firm had £60M in assets, a court heard. London financier John Newlands said that he had seen documents relating to Whyte's Liberty Capital company. Newlands later wrote that Whyte could "comfortably" back a £10M share issue. Whyte is on trial at the High Court in Glasgow for "acquiring Rangers by fraud, and for a second charge under the Companies Act." He denied both (BBC, 5/22).

The Chinese government could reportedly "relax rules on foreign investment, allowing investors to join" the AC Milan project. Yonghong Li led a consortium called Sino-Europe Sports to take over the club, but the Beijing government "imposed limitations on taking capital out of the country." SES was "therefore dissolved, with a new company, Rossoneri Sport Investment, formed to complete the takeover." Italian newspaper Libero reported the Chinese government is "preparing to ease restrictions on investing abroad, allowing Li to return to his original plan" (FOOTBALL ITALIA, 5/23).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2017/05/24/Franchises/Notes.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2017/05/24/Franchises/Notes.aspx

CLOSE