Featured Story

Takeover Of West Brom Moves Closer After Suitors Enter Due Diligence Phase

Published in SportsBusiness Daily Global on 04 / 28 / 15

The prospect of a takeover at EPL side West Bromwich Albion "has grown after interested parties from the Far East and United States entered due diligence," according to Brendan McLoughlin of the LONDON TIMES. West Brom Owner Jeremy Peace "is intent on the wheels being set in motion on any deal" -- w...

Read More

Tags: Franchises, United Kingdom

More Stories

03/12/15
Fininvest Denies AC Milan Shares Sale

AC Milan Owner Silvio Berlusconi's Fininvest conglomerate "has once again issued a denial" that he has sold his majority share in the club, although it has admitted that "the sale of a minority share is being assessed," according to Ben Gladwell of ESPN. It had been reported in recent days that Tha ...

Tags: Franchises, Europe

03/12/15
Franchise Notes

It is reported that Serie A side Parma Giampietro Manenti "has rejected" an offer of €500,000 ($527,000) to sell the club to a London-based group. The club is "facing bankruptcy, with a court date set for March 19," and the current president has yet to come up with "any of the funds he has pr ...

Tags: Franchises

03/11/15
Carlos Slim Reportedly Eyeing AC Milan

Italian daily La Repubblica reported that Mexican businessman Carlos Slim "could be one of the principal candidates to acquire a 30% stake in AC Milan," according to CRITICA. The club is "currently experiencing one of the biggest crises in its history," and Slim, "the second-richest man in the world ...

Tags: Europe, Franchises

03/11/15
King Suspends Trio From Rangers Board

Scottish Championship side Rangers suspended Derek Llambias, Barry Leach and Sandy Easdale from its football club board "pending an internal investigation," according to the BBC. Rangers' new controlling consortium had promised an investigation into "various contracts and deals" following its take ...

Tags: Franchises, United Kingdom

03/11/15
Franchise Notes

Serie A side Parma "is on the verge of bankruptcy and a tribunal hearing is set for March 19, though current President Giampietro Manenti continues to insist the money will arrive." Italian Football Federation (FIGC) President Carlo Tavecchio said, "It is true, an important legal firm in Rome cont ...

Tags: Franchises

03/10/15
Erebus Motorsport V8 Team Severs Ties

Erebus Motorsport's V8 Supercars team has "reportedly ended its ties with Mercedes-Benz and AMG, bringing their two-year customer deal to an end," according to FOX SPORTS. The Betty Klimenko-owned squad has "endured two difficult seasons building a racing program around the AMG-tuned version of the ...

Tags: Australia, Franchises

03/10/15
Rangers Dir Douglas Park Promises Probe

New Scottish Championship side Rangers Dir Douglas Park has "promised an investigation to uncover" why the Glasgow club spent more than £70M ($106M) in the past four years, according to the BBC. The bus tycoon was "invited to join Dave King's new-look board after the old regime was voted out ...

Tags: Franchises, United Kingdom

03/10/15
Rugby League Club Balmain In Dire Straits

Rugby League club Balmain said that "it is destined to fold if Leichhardt Council goes ahead with a proposed decision to rezone the site of the clubhouse in Rozelle," according to Adrian Proszenko of the CANBERRA TIMES. The club has a history spanning 107 years but the entity, one half of the Nation ...

Tags: Australia, Franchises

03/09/15
Serie A Clubs Agree To Help Parma

Serie A announced after a meeting Friday that the clubs "have agreed a deal that will allow bottom club Parma, beset by financial problems, to complete the season," according to Brian Homewood of REUTERS. Parma's players "have not been paid all season" and its last two Serie A matches have been post ...

Tags: Franchises, Europe

03/09/15
Mike Ashley Defeated By Rangers Board

Retail billionaire Mike Ashley "suffered a rare defeat" on Friday as his allies on the board of Scottish Championship side Rangers were "booted out -- sending the struggle for control of the cash-strapped Scottish team into a new phase," according to Kadhim Shubber of the FINANCIAL TIMES. Shareholde ...

Tags: Franchises, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug