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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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Tags: Europe, United Kingdom

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WC Final Attracts 87M Chinese Viewers

More than 87 million Chinese football fans "watched Germany beat Argentina 1-0 in extra time on TV," according to XINHUA. Market information and insight provider CTR said that the figure "includes the live broadcast, replays and same-day viewings through set-top boxes." The final "also attracted 9.0 ...

Tags: Media, China

N. Korea Urges South To Accept Delegation

North Korea has urged Asian Games host South Korea to seize a "golden opportunity" to improve relations between the fractious neighbors and accept its proposal for a party of 700 athletes and officials to take part in the multi-sport event, according to Narae Kim of REUTERS. Talks between the two co ...

Tags: Olympics, Asia

ISL Clubs Shell Out $4M On Player Draft

Football franchises spent around Rs 24 crore ($4M) in the two-day domestic player draft for the inaugural Indian Super League, according to the PTI. IMG Senior VP Jefferson Slack said, "The Rs 24 crore that was spent (by franchises) was a lot of money. We got into this venture three and a half years ...

Tags: Finance, India

PCB To Renovate National Stadium Karachi

The Pakistan Cricket Board finalized the decision "to renovate the National Stadium Karachi," according to PAKISTAN TODAY. The National Stadium Karachi has been looked after by PCB Chairs Zaka Ashraf and Ijaz Butt, who have repeatedly requested the authorities including the PCB and the Karachi City ...

Tags: Facilities, Asia

Bhutia Not Happy With ISL Money

Former India football captain Bhaichung Bhutia "is not particularly happy with the pay packages on offer in the much-awaited Indian Super League" but insists that the event will not be detrimental to the sport either, according to the PTI. Bhutia said, "I am definitely not happy with the money. I wo ...

Tags: International Football, India

Japan Broadcasters Whiff On World Cup

Japan's broadcasters failed to make the World Cup pay off following a 60% jump in rights fees, uneven ratings and an underperforming national team. The TV rights for the World Cup are negotiated by the Japan Consortium, consisting of public broadcaster NHK and the five major commercial networks: NTV ...

Tags: Media, Japan

PyeongChang OC President Resigns

The head of the organizing committee for the 2018 PyeongChang Winter Olympics "resigned Monday," saying "new leadership and a 'stronger system' is needed to complete preparations for the Games," according to the AP. Kim Jin-sun "was elected president of the organizing committee in late 2011" after P ...

Tags: Olympics, Asia

Indian Football Players Eye ISL Windfall

India's leading footballers "are smacking their lips in anticipation of the Indian Super League," according to Marcus Mergulhao of the TIMES OF INDIA. While the tournament will, to a large extent, help promoters IMG-Reliance cover a major part of the Rs 700 crore ($116M) it is paying the All India F ...

Tags: Leagues and Governing Bodies, Asia

Japan-Based Maruhan Partners With VFC

Japan-based Maruhan Corp., "which operates the Maruhan Japan Bank, has stepped forward to support the Volleyball Federation of Cambodia," according to H.S. Manjunath of the PHNOM PENH POST. Under a one-year memorandum of understanding signed at the National Olympic Committee of Cambodia’s head ...

Tags: Leagues and Governing Bodies, Asia

Yonhap Named Asian Games News Agency

South Korean newswire Yonhap has become the official news service of this year's Asian Games to be held in Incheon. Under the deal, Yonhap will provide real-time, in-depth coverage of the continental multisport competition to be held from Sept. 19-Oct. 4. Yonhap will also publish the official Englis ...

Tags: Media, Asia

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