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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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Tags: Finance, United Kingdom

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British Cycling Has Not Produced Proof

British Cycling has "failed to provide any documentary proof" to a parliamentary committee that a "medical package" administered to Bradley Wiggins in the weeks before the 2011 Tour de France contained only a legal decongestant, according to Martyn Ziegler of the LONDON TIMES. The latest contro ...

Tags: Leagues and Governing Bodies, United Kingdom

UK Athletics Chair Unconcerned About Exodus

UK Athletics Chair Ed Warner insists that his organization is giving “value for money” despite two more of Team GB’s "leading stars moving abroad," according to Matt Dickinson of the LONDON TIMES. Katarina Johnson-Thompson is "set to take up residence in France while Adam Gemili ha ...

Tags: Leagues and Governing Bodies, United Kingdom

Year In Review: U.K.

In the U.K., football explored uncharted waters in '16 as long-shot EPL champion Leicester City piqued global interest, and a raft of sponsorship and broadcast deals delivered never-before-seen wealth to the FA and its clubs despite concerns over Great Britain's decision to withdraw from the Europea ...

Tags: Year End, United Kingdom

Bradley Wiggins Announces Retirement

BRADLEY WIGGINS announced his retirement from cycling, "ending a career that saw him win a British record eight Olympic medals as well as the country's first Tour de France title," according to the PA. The 36-year-old posted a statement on his Instagram page on Wednesday, "accompanying a picture o ...

Tags: People and Pop Culture, United Kingdom

Everton Donates Shirt Proceeds To Charity

EPL side Everton's main sponsor Chang donated its Everton shirt sponsorship for the Boxing Day fixture at Leicester City to the charity "When You Wish Upon A Star," according to Phil Kirkbride of the LIVERPOOL ECHO. Chang is backing the charity's Christmas single "My Christmas Dream is You" by Carly ...

Tags: Marketing and Sponsorship, United Kingdom

LeEco Makes Late Payment For EPL

Chinese football fans were "delivered Boxing Day relief when cash-strapped tech group LeEco made a last-minute payment to ensure it could broadcast English Premier League games, but the future of its football broadcasts still hangs in the balance," according to the FINANCIAL TIMES. The current owner ...

Tags: Media, China, United Kingdom

West Ham Denies Red Bull Report

EPL club West Ham United "denied reports that they are the subject of a takeover bid by Red Bull," according to James Benge of the London EVENING STANDARD. Club ownership has not "received any contact from potential suitors" and is "not minded to sell." West Ham Owners David Gold and David Sullivan ...

Tags: Franchises, United Kingdom

London Welsh Granted Temporary License

Rugby Championship side London Welsh has been granted a temporary license to play its "next two Championship games, despite losing half of their playing staff," according to Chris Jones of the BBC. The club announced on Dec. 7 that it would be "going into voluntary liquidation" and is now "trad ...

Tags: Franchises, United Kingdom

TV3 Gets British Horseracing Rights

TV3 signed a four-year partnership with Racecourse Media Group "to show the Cheltenham, Aintree, Epsom and Royal Ascot racing events" from '17, according to Laura Slattery of the IRISH TIMES. The deal means RTÉ has "lost the Irish rights to show key races such as the Cheltenham Gold Cup and t ...

Tags: Media, United Kingdom

Bottas Set To Join Mercedes For '17

Valtteri Bottas' move to Mercedes as Lewis Hamilton's teammate and Felipe Massa's return to replace him at Williams "are close to completion," according to the BBC. Massa, 35, "has agreed with Williams to postpone his retirement for at least a year after Mercedes made a pitch for Bottas, 27, to repl ...

Tags: Franchises, United Kingdom

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