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Renault To Invest More In Formula E, But Questions Future Role In F1

Published in SportsBusiness Daily Global on 06 / 30 / 15

Renault CEO Carlos Ghosn said that the manufacturer will "invest more in Formula E after a successful debut season for the world's first electric racing series," according to Alan Baldwin of REUTERS. Ghosn: "We are going to be bigger in Formula E. You are going to see us much more involved in Formul...

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Haas F1 Owner Has 'No Regrets'

Haas F1 Owner Gene Haas insisted he has "no regrets so far" on entering F1 despite the "logistical headache in starting up a new American team," according to Ian Parkes of AUTOSPORT. Haas has turned to Ferrari to provide a "considerable number of parts to build his two cars but that does not mean th ...

Tags: Franchises, North America

Berlusconi Tightens Grip On AC Milan

AC Milan President Silvio Berlusconi is "now reportedly prepared to only sell" up to 35% of the club to Chinese investors, according to FOOTBALL ITALIA. The 78-year-old patron had "originally considered selling the majority share, then noted after talks with Thai businessman Bee Taechaubol" that he ...

Tags: Europe, Franchises

French Club Lens Seeking $17M

Ligue 1 side Lens President Gervais Martel has insisted a new investor will inject €15M ($17.2M) in the "much troubled club" -- currently in last place in Ligue 1 and set to be relegated to Ligue 2 for next season -- "to keep Lens afloat in France's second division Ligue 2 after majority shareh ...

Tags: Franchises, Europe

QPR Relegated, Faces Fine For FFP Breach

EPL side Queens Park Rangers Dir of Football Les Ferdinand said that the club is "suffering from several years of profligate spending and a failing youth system," according to Teddy Cutler of the LONDON TIMES. In a "withering assessment of the club’s predicament," Ferdinand "offered no excuses ...

Tags: Franchises, United Kingdom

Investment Firm Closes In On Rebels

The Australian Rugby Union and the Victorian Rugby Union have confirmed they have entered a "heads of agreement" with investment company Imperium Group (ICG) to buy Super Rugby side Melbourne Rebels, according to the AAP. The Rebels have been financially supported by the ARU since former Majority Ow ...

Tags: Australia, Franchises

Salford Concerned With Attendance

Senior figures at Super League side Salford Red Devils "have been in discussions with local businesses this week as concern about the poor attendance levels at the AJ Bell Stadium continues to grow," according to Tim Groves of RUNNING RUGBY. Just 1,972 fans turned up to watch the 19-0 Super League d ...

Tags: Franchises, United Kingdom

Leeds United Owner To Stay For Two Seasons

League Championship side Leeds United Owner Massimo Cellino said that he will "sell the club if they fail to win promotion" to the Premier League in two seasons, according to James McMath of the LONDON TIMES. Cellino has "returned to work after his six-month Football League ban following tax evasion ...

Tags: Franchises, United Kingdom

Grêmio Could Lose Stadium, Box Office Revenue

A misunderstanding between Brazilian construction company OAS and three banks could have Brasileiro side Grêmio "holding matches far from its home" stadium, Arena do Grêmio, according to ESTADÃO. OAS' loan for R$260M, taken out in '12 for the construction of the Arena do Gr&e ...

Tags: Franchises, Brazil

Melbourne Rebels' Takeover Talks Advance

The consortium poised to buy Super Rugby side Melbourne Rebels will "acquire a much more attractive asset than it would have anticipated purchasing" when negotiations began with the Australian Rugby Union two months ago, according to Bret Harris of THE AUSTRALIAN. The timing of the bid "could n ...

Tags: Franchises, Australia

Barcelona To Face Tax Fraud Trial

Related stories: Barcelona To Face Trial For Tax Evasion Barcelona President Josep Maria Bartomeu Defends Neymar Signing Spain's National Court has accepted the state prosecutor's request to open a trial against Barcelona, club president Josep Maria Bartomeu and hi ...

Tags: Europe, Franchises

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