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Glazer Family To Raise More Than $150M By Selling 8 Million Manchester United Shares

Published in SportsBusiness Daily Global on 07 / 31 / 14

The Glazer family is selling about 5% of its holding in ManU, "taking advantage of the club’s rising share price" on the back of its £750M ($1.2B) kit supply deal with adidas, according to Roger Blitz of the FINANCIAL TIMES. ManU "will begin a roadshow next week" offering 8 million Class...

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Tokyo 2020 Names New Chairman

Tokyo 2020 announced that newly elected Tokyo Metropolitan Governor Naoki Inose will serve as Tokyo 2020 chairman. Japanese Olympic Committee President Tsunekazu Takeda said, "Governor Inose has been following our bid closely for the past five years as Tokyo's Vice Governor. He has steadily supporte ...

Tags: Olympics, Japan

Chinese Sports Fans Move To Internet

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Tags: Media, China

Official: AIFF Not Violating Election Rules

India’s football federation elections "do not violate any regulations, and there is no risk of any sanctions being imposed either by FIFA or the government," according to Sudipto Ganguly of REUTERS. An India official said that the All India Football Federation elections were held Thursday "as ...

Tags: International Football, India

IOC Threatens Defiant Indian Officials

The IOC "has asked its recognised Indian members to contemplate taking legal action against officials of the country's suspended Olympic association for misrepresenting the office," according to Sudipto Ganguly of REUTERS. The IOC "refused to recognise the results of Indian Olympic Association elect ...

Tags: Olympics, India

Delhi HC Hands Out Derecognition Threat

The Delhi High Court asked the All India Football Federation to "follow National Sports Development Code in its Thursday polls, and asked the Centre to act in case of violation," according to the PTI. A bench of Chief Justice D. Murugesan and Justice Rajiv Sahai Endlaw said, "The sports federation i ...

Tags: Leagues and Governing Bodies, India

Asian Golf Facing Uncertain Future

Rapid growth "has made Asia the big new destination for world golf, but there’s an unmistakable sense of gloom as long-standing events face an uncertain future and local talent stalls," according to the AFP. A "bitter turf war between two rival circuits, which has spooked sponsors and divided ...

Tags: Events and Attractions, Asia

Bangkok To Join F1 Calendar In '15

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Tags: Events and Attractions, Asia

China Brand Considers Jordan Countersuit

Shanghai's First Financial Daily reported Chinese athletic brand Qiaodan said that "it is considering countersuing basketball legend Michael Jordan for malicious prosecution" as its trademark dispute remains in limbo more than nine months after it was first filed, according to WANT CHINA TIMES. Jord ...

Tags: Finance, China

Olympics Topped Sports News In Korea

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Tags: Media, Asia

Kobayashi Gives Up Hope For F1 Cockpit

Former Sauber F1 driver KAMUI KOBAYASHI "has given up hope to get one of the few remaining F1 cockpits," according to BLICK. Kobayashi wrote on his website, "Unfortunately, the time was not long enough, and I couldn't acquire a cockpit for 2013 in a competitive team. It is very sad, and I'm very s ...

Tags: People and Pop Culture, Europe, Japan

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