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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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11/30/16
Aberdeen Planning Standing Section

Scottish Premiership side Aberdeen Chair Stewart Milne revealed the club plans to follow Celtic’s lead and "build a safe standing section at their new stadium," according to John Berry of THE SCOTTISH SUN. The Dons will "officially lodge their planning application" for the £50M ($62 ...

Tags: Facilities, United Kingdom

11/30/16
'I Am Bolt' Documentary Follows Sprinter

"I Am Bolt" follows nine-time Olympic Gold Medalist Usain Bolt in his "grueling training and competing as well as relaxing at home," giving fans a "glimpse into the life" of the man nicknamed "Lightning Bolt," according to Will Russell of REUTERS. Bolt: "Most people's concept of me is that, 'Oh Usai ...

Tags: Media, United Kingdom

11/30/16
Rangers Announce Resolution 11 Defeated

Scottish Premiership side Rangers announced the results of its annual general meeting votes "with the news that Resolution 11 was defeated" by only 0.4%, according to Alan Clark of the Scotland DAILY RECORD. Former Manager Ally McCoist failed to vote and his 1.25% shareholding "could have made the d ...

Tags: Finance, United Kingdom

11/29/16
ManU Could Miss Champions League

The consequences of ManU failing to reach next season’s Champions League "represent the most significant in history" as Manager José Mourinho "continues to flounder at Old Trafford," according to Jack Gaughan of the London DAILY MAIL. ...

Tags: Franchises, United Kingdom

11/29/16
QFIL To Score $7.9M From Mário Sale

Irish-based sports management firm Quality Football Ireland (QFIL) is set for a €7.5M ($7.9M) "windfall following a high-profile deal" to sell Portuguese midfielder João Mário to Serie A side Inter Milan, according to Simon Rowe of the IRISH INDEPENDENT. QFIL, which was estab ...

Tags: Finance, United Kingdom

11/28/16
Irish Broadcaster TV3's Losses Double

Losses "doubled at TV3 last year," according to Gordon Deegan of the IRISH INDEPENDENT. Exclusive rights to broadcasting the 2015 Rugby World Cup "failed to halt a slide in pre-tax losses" that more than doubled to €16.95M. New figures show that revenue tumbled by 16.5% from €46. ...

Tags: Finance, United Kingdom

11/28/16
London Stadium Conversion Cost To Rise

The cost of converting the London Stadium "could rise" by a further £50M ($62.4M) because the owners "may rip out the retractable seating and replace it with a superior system," according to Alex Miller of the London DAILY MAIL. The issue "threatens the viability of West Ham’s ...

Tags: Facilities, United Kingdom

11/28/16
FIFA Taking Action Against FAs

FIFA has opened disciplinary procedures against the Irish and Welsh FAs over the wearing of poppies by supporters in the stands, with both ready to “strongly contest” the decision, according to Jack de Menezes of the London INDEPENDENT. A week after the English and Scottish FAs were char ...

Tags: International Football, United Kingdom

11/28/16
FA To Investigate Alleged Sexual Abuse

The FA "has launched an internal review to examine allegations of children being sexually abused at professional football clubs," according to Steve Tongue of REUTERS. English football's governing body said on Sunday that it had appointed Kate Gallafent QC as leading independent counsel to over ...

Tags: International Football, United Kingdom

11/23/16
SCX Wins Contract To Build Roof

An engineering company in Sheffield "has won the contract to design and build a second retractable roof at the All England Lawn Tennis Club in Wimbledon," according to the BBC. SCX "made the first roof in 2009 to allow all-weather play on Centre Court." Fabrication work for the No. 1 Court roof "is ...

Tags: Facilities, United Kingdom

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