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Florida Power & Light Signs On As Official Solar Energy Provider Of Miami ePrix

Published in SportsBusiness Daily Global on 03 / 03 / 15

Electric utility company Florida Power & Light has signed on as the official solar energy provider of the FIA Formula E race in downtown Miami. The sponsorship deal for the first electric car race held in the U.S. was announced on Monday. Andretti Sports Marketing, organizer of the Miami ePrix, ...

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Tags: Marketing and Sponsorship, Europe

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Ex-Birmingham Holdings Official Arrested

A former financial officer of Birmingham Int'l Holdings -- the Hong Kong-listed parent company of League Championship side Birmingham City -- "has been arrested on suspicion of stealing" around HK$30M ($3.87M), according to Bryan Harris of the SOUTH CHINA MORNING POST. Jerry Ko, the former colleague ...

Tags: Finance, Asia

Marussia Hopes To Return To Grid

Hopes "are rising that Marussia will stagger back on to the Formula One grid this season as a potential buyer emerged from the shadows," according to Kevin Eason of the LONDON TIMES. The first clue that there could be hope for the team that went out of business last year "came from administrators, w ...

Tags: Finance, United Kingdom

China's Wang To Acquire Atlético Stake

Related stories: Atlético Reportedly 'Signs' Chinese Mogul Wang Jianlin Atlético CEO Begins Asian Tour Seeking Financial Assistance The negotiations that Atlético Madrid President Enrique Cerezo and CEO Miguel Ángel Gil have held with Chin ...

Tags: Europe, Finance

Santos Faces Uncertain Future

Santos, the "fabled Brazilian club" which gave the world Pele, Robinho and Neymar, is "facing an uncertain future after mounting financial problems prompted several top players to leave," according to Andrew Downie of REUTERS. Unpaid wages, lack of a main shirt sponsor and low crowds "have left one ...

Tags: Finance, Brazil

Scottish Rangers Fans Admit Defeat

Scottish Championship side Rangers fans on Saturday night "admitted defeat in their legal bid" to stop shareholder Mike Ashley from snaring Ibrox, according to Scott McDermott of the Scotland DAILY RECORD. Rangers Supporters Trust is "furious at the tycoon's proposal to have the stadium and Murray P ...

Tags: Finance, United Kingdom

Ashley Seeks Security For Rangers Loan

EPL side Newcastle Owner and Scottish Championship side Rangers shareholder Mike Ashley is ready to "provide a loan" of about £10M ($15M) to Rangers but wants "security of Ibrox Stadium and the club's Murray Park training ground," according to McLaughlin & Wilson of the BBC. The so-called ...

Tags: United Kingdom, Finance

Brazil Bans Third-Party Ownership

The Brazilian Football Federation (CBF) said in new transfer regulations published on Tuesday that third-party ownership of footballers "will become illegal in Brazil from May 1," according to Andrew Downie of REUTERS. The move "aims to bring Brazil into line with a FIFA ban on the practice that c ...

Tags: Finance, Brazil

Chelsea Earns $27.9 Million

Chelsea credited player sales and new broadcast income for its £18.4M ($27.9M) profit last year as the club "tries to meet the sport’s financial rules without using its Russian owner’s billions," according to Tariq Panja of BLOOMBERG. The profit "comes after the sale of defender Da ...

Tags: Finance, United Kingdom

Hibernian Announces Losses Of £800,000

Scottish Championship side Hibernian has announced losses of £800,000 for last season and "revealed a new share issue that hopes to raise" £2.5M ($3.8M) and give fans a 51% stake in the club, according to Gregor Kyle of the Scotland DAILY RECORD. The Easter Road club released its figures ...

Tags: Finance, United Kingdom

Frankfurt To Report Profit Of €350,000

Bundesliga side Eintracht Frankfurt "is reportedly on the path to financial recovery," according to Klaus Veit of the FRANKFURTER NEUE PRESSE. The club's numbers for the '13-14 fiscal year, which will officially be unveiled at Frankfurt's member meeting on Jan. 25, show it generated a profit of abou ...

Tags: Finance, Europe

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