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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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Indian Clubs May Cut Renewal Contracts

The crisis brought about by multi-level marketing companies that have been putting money in popular Indian football clubs like Kingfisher East Bengal and Mohun Bagan AC "is now threatening to hit the players as their contracts come up for renewal next month," according to Digbijay Mishra of the Indi ...

Tags: International Football, India

OCA Urges IOC Not To Meet With IOA

The Olympic Council of Asia has thrown its weight behind the Indian Olympic Association's disgruntled acting-President V.K. Malhotra and Secretary General Randhir Singh, according to the PTI. The OCA "has urged the IOC against meeting officials from the suspended IOA" during Wednesday's crucial join ...

Tags: Olympics, India

ICC Finds No Evidence Of Corruption

The Int'l Cricket Council conceded Friday there was "confusion" in a vote for a place on one of its committees, according to the AP. The election has raised allegations of vote fixing and led the int'l players' association "to formally request an ethics committee investigation." Cricket's gover ...

Tags: Leagues and Governing Bodies, India

Indian Officials To Boycott IOC Meeting

A crucial meeting on India’s bid to return to the Olympic fold "was thrown into doubt Thursday when a senior Indian Olympic Association official objected to the IOC inviting a rival faction to the talks," according to C. Rajshekhar Rao of the AP. IOA acting President Vijay Kumar Malhotra, who ...

Tags: Olympics, India

BCCI Accused Of Exchange Violations

An appellate tribunal is set to hear the Board of Control for Cricket in India's appeal against a Rs 52.24 crore ($10M) fine "levied in February by the Competition Commission of India for irregularities in the grant" of Indian Premier League franchise rights, media rights and sponsorship rights, acc ...

Tags: Leagues and Governing Bodies, India

Hockey India Secretary Barred From IOC

Indian Hockey Federation Patron & Chief Advisor K.P.S. Gill on Saturday applauded Indian Olympic Association acting Chief V.K. Malhotra's decision "not to include Hockey India Secretary General Narinder Batra in the four-member delegation" for a meeting with the IOC in Lausanne, Switzerland ...

Tags: Leagues and Governing Bodies, India

Ten Sports Lands Tour De France Rights

Indian broadcaster Ten Sports "has bagged the broadcast rights" for the Tour de France until '16 for the Indian sub-continent, according to Meenakshi Verma Ambwani of THE HINDU BUSINESS LINE. The sports broadcaster "has acquired the rights for the popular bicycle race for all forms" of free-to-air a ...

Tags: Media, India

David Stern Discusses India Trip

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Tags: Leagues and Governing Bodies, India, North America

Mumbai Tigers Confirm I-League Bid

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Tags: Franchises, Middle East, India

IPL Clubs Struggle To Find Profit

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Tags: Leagues and Governing Bodies, India

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