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Lander Founder Gao Jisheng Casts Doubts Over Southampton Deal

Published in SportsBusiness Daily Global on 07 / 24 / 17

The owner of a Chinese firm behind a bid to take over Premier League club Southampton said on Friday that the deal was "being held up" and that he was not "sure if the current owner still wanted to sell, casting doubts over the long-running negotia...

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Tags: Franchises, Asia, United Kingdom

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05/31/17
VW To Trim Budget For VfL Wolfsburg

Bundesliga side VfL Wolfsburg, owned by Volkswagen, "faces cost cuts next season after retaining its place" in the German top flight with victory in a playoff on Monday, according to Andreas Cremer of REUTERS. VW subsidizes the club "to the tune of about" €90M ($100.7M) per season, "even as Eur ...

Tags: Europe, Franchises

05/31/17
Wenger Agrees To Two-Year Deal

Arsenal Manager Arsène Wenger agreed to a new two-year deal at the club that will be announced on Wednesday, according to Jack Pitt-Brooke of the London INDEPENDENT. Wenger met with majority shareholder Stan Kroenke on Monday, and the agreement "will be ratified at an Arsenal board meeting" o ...

Tags: Franchises, United Kingdom

05/31/17
Franchise Notes

Fernando Alonso  said that the only top Formula 1 team that he is not " considering " for next season is Red Bull . Amid McLaren-Honda's "crisis," Alonso "skipped Monaco last weekend to compete in the Indianapolis 500 and admits he could be on the move next year." Alonso said that his ...

Tags: Franchises

05/30/17
Widnes Vikings Rejecting Buyout Offers

Super League side Widnes Vikings rejected "approaches from a number of investors in non-heartlands areas" as it received interest in the franchise from prospective buyers hoping to make it the "first top-flight club to take advantage of a relaxation in the rules surrounding relocation," accordi ...

Tags: Franchises, United Kingdom

05/26/17
Palace Due £2M If Allardyce Takes New Job

EPL side Crystal Palace will be entitled to £2M ($2.59M) compensation from Sam Allardyce's next club "if he takes another management job inside two years," according to Matt Hughes of the LONDON TIMES. The former England manager is owed a £2M bonus for "keeping Palace in the Premier Leag ...

Tags: Franchises, United Kingdom

05/26/17
Mallorca Investors Talk Relegation Battle

Former U.S. internationals Kyle Martino and Stuart Holden traveled the world playing football and now cover it at the highest levels. Martino, who played several years in Major League Soccer, currently covers the Premier League for NBC Sports. Holden, who played for the MLS Houston Dynamo and then-P ...

Tags: Franchises, Europe, North America

05/26/17
Cellino Reportedly Interested In Genoa

Reports suggested former League Championship side Leeds United Owner Massimo Cellino could purchase Serie A side Genoa from Enrico Preziosi, according to FOOTBALL ITALIA. Reports in L’Unione Sarda.it said that the Italian entrepreneur is "considering an attempt to secure the club along with fo ...

Tags: Franchises, Europe

05/25/17
Radrizzani Completes Leeds Takeover

Andrea Radrizzani on Tuesday "completed a full takeover" of League Championship side Leeds United, ending Massimo Cellino's "turbulent reign at the club," according to Richard Sutcliffe of the YORKSHIRE POST. The Italian businessman, a sports TV rights entrepreneur, bought a 50% stake in Januar ...

Tags: Franchises, United Kingdom

05/25/17
Blues Pull Out Of WRU Takeover Plan

The proposed Welsh Rugby Union takeover of Pro12 side Cardiff Blues "is off," according to Simon Thomas of WALES ONLINE. Blues Chair Peter Thomas "revealed earlier this month that he was looking to hand the franchise over to the governing body from July 1." But now that is "off the agenda." The ...

Tags: Franchises, United Kingdom

05/25/17
Irish Club Has Offices Burglarized

The offices of a League of Ireland club at the center of an FA of Ireland investigation into "irregular betting patterns on matches" have been burglarized, according to Aaron Rogan of the LONDON TIMES. Officials at Athlone Town said that the stadium was "broken into over the weekend." A club st ...

Tags: Franchises, United Kingdom

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