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Michelin Says Tires Used In Formula E Could Hit Roads In Three To Five Years

Published in SportsBusiness Daily Global on 04 / 01 / 15

Michelin’s involvement in Formula E is accelerating the implementation of new developments in road tires, according to a senior exec at the company. The technological aspect is one of three pillars Michelin looks at when entering a motorsports series, said Chris Baker, motorsports director at...

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02/12/15
Clubs Set Winter Transfer Fee Record

FIFA's Transfer Matching System's Big 5 Transfer Window Analysis shows a new record high in transfer fees of $466M. The 2015 winter edition examines official int'l transfer figures for the Big 5 countries (England, France, Germany, Italy and Spain). The Big 5 countries recorded a total of 452 incomi ...

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02/11/15
Serie A Parma Once Again Sold For €1

Serie A side Parma has been sold for €1 ($1.13) for the "second time in as many months, although the challenges in clearing the club's debt and paying wages remain," according to Ben Gladwell of ESPN. The "crisis-hit" club announced in a statement on its official website that Italian businessma ...

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02/11/15
Koukash To Consider Relocated NRL Team

British billionaire Marwan Koukash will "consider investing" in a relocated Gold Coast National Rugby League team after "aborting plans to buy a stake in the Brisbane Broncos," according to Peter Badel of the Brisbane COURIER-MAIL. Koukash "detailed his investment plan" and urged the NRL to move the ...

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02/11/15
AFL Players To Pocket Tax Breaks

Australian Football League players will "pocket tax breaks on their football income under an image rights deal ticked off by the Australian Taxation Office," according to Michael Warner of the HERALD SUN. Changes to the league's player contract rules will "allow players to divert" up to 30% of their ...

Tags: Australia, Finance

02/10/15
Petrolul Ploiesti Files For Insolvency

Romanian football club Petrolul Ploiesti has "filed for insolvency" as its financial base has become "unstable following the arrest of its owners and management," according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. The side is "representative of a wider trend plaguing Romania's football, with ...

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02/09/15
Russia Coach Capello Paid Owed Wages

Arsenal shareholder Alisher Usmanov has stepped in with an "emergency loan" so that Russia can pay national team coach Fabio Capello 400M rubles ($6M) in "back wages," according to Alec Luhn of the London GUARDIAN. The country's "richest man," a mining magnate worth an estimated $14B according to Fo ...

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02/06/15
Caterham F1 Team Assets Up For Auction

As F1 decides whether to save one bankrupt team, "another appears to have given up the fight finally," according to Kevin Eason of the LONDON TIMES. Administrators running Caterham "have put the team’s assets up for auction, including the remaining race equipment and factory machinery." The &l ...

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Newcastle Jets Face Insolvency Action

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02/05/15
Titans Founder Ready To Sell Shares

National Rugby League side Gold Coast Titans Founder Michael Searle "is set to sever his last links with Gold Coast rugby league, with the former Titans boss ready to sell" his A$4.4M ($3.4M) shareholding in the club he helped create, according to Peter Badel of the COURIER-MAIL. Searle "has advised ...

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02/05/15
RFEF Ordered To Return $9.1M

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