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Gao Receives China-Backed Bank Funding For Southampton Takeover

Published in SportsBusiness Daily Global on 08 / 18 / 17

Premier League side Southampton's new owner funded his £200M ($257.5M) takeover of the club "with a loan from a Chinese government-backed bank in Hong Kong," people familiar with the matter said, according to BLOOMBERG. A Chinese investor g...

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Notts County Takeover Being Delayed

Alan Hardy's proposed takeover of League Two side Notts County is "being delayed because of a dispute" over who pays a £1M ($1.2M) loan, according to the BBC. Nottingham businessman Hardy had been "expected to complete the purchase" of the club on Monday. But the deal is "being held ...

Tags: Finance, United Kingdom

Managers Accuse BBC Of Devaluing FA Cup

The BBC has been "accused of devaluing the FA Cup and neglecting its duty to taxpayers with its decision to overlook third round ties involving lower league or non-league clubs for its live television coverage," according to Jeremy Wilson of the London TELEGRAPH. The managers of National League side ...

Tags: Media, United Kingdom

McIlroy 'Resents' Olympic Games

Rory McIlroy said "he resented how the Olympics forced him to decide whether he would represent Ireland or Britain and that it reached a point that it 'wasn't worth the hassle' to compete in Rio de Janeiro," according to the LONDON TIMES. In an interview with the Irish Independent, McIlroy explained ...

Tags: Olympics, United Kingdom

FA Cup Run Worth £1M To Plymouth

League Two side Plymouth Chair James Brent said that the team's third-round replay with Liverpool will help it earn more than £1M ($1.2M) from the FA Cup, according to the BBC. The Pilgrims "put on a dogged defensive display against a much-changed Liverpool side" to draw 0-0 at Anfield an ...

Tags: Franchises, United Kingdom

Bradley Wiggins Switches Agencies

Recently retired cyclist Bradley Wiggins left management agency XIX Entertainment to "join the likes" of multiple-time Olympic Gold Medalist Mo Farah and Wimbledon champion Andy Murray on the client list of M&C Saatchi Merlin, according to Simon MacMichael of ROAD. The business descr ...

Tags: Marketing and Sponsorship, United Kingdom

FA Chair Addresses Gay Footballers

FA Chair Greg Clarke has "spoken to gay footballers about the possibility of coming out," according to Henry Winter of the LONDON TIMES. Clarke said that he "hoped to orchestrate it so that several players came out together to share the spotlight, and suggested that Gareth Southgate’s suc ...

Tags: International Football, United Kingdom

Mutko Calls UKAD Chair 'Unsportsmanlike'

Russian Deputy PM Vitaly Mutko said that it was "unsportsmanlike" of UK Anti-Doping Chair David Kenworthy to call for suspending Russian athletes from the 2018 Olympic Winter Games in PyeongChang, according to TASS. In an interview with the BBC, Kenworthy said that the Russian team "should be suspen ...

Tags: Olympics, Russia, United Kingdom

Froome Refuses To Endorse Brailsford

The pressure on Dave Brailsford "remains intense after Chris Froome declined the opportunity to endorse the credibility of the embattled Team Sky principal," according to John Westerby of the LONDON TIMES. As he continues preparations for a new season, with his team under a "cloud of controversy," F ...

Tags: Leagues and Governing Bodies, United Kingdom

Everton Partners With USM Holdings

Premier League side Everton secured a multi-million-pound naming rights deal with a company founded by Russian billionaire and Arsenal shareholder Alisher Usmanov, according to Andy Hunter of the London GUARDIAN. USM Holdings, the holding company for Usmanov’s "wide-ranging business inter ...

Tags: Marketing and Sponsorship, United Kingdom

Manor F1 Team Enters Administration

The energy entrepreneur backing Manor Racing put the "struggling" Formula 1 team into administration, "despite providing a letter of intent only three months ago promising to support the company for at least another year," according to Alex Ralph of the LONDON TIMES. More than 200 jobs are at r ...

Tags: Finance, United Kingdom

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