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BMW Rules Out Formula E Entry Due To Mid-Race Car Changes

Published in SportsBusiness Daily Global on 07 / 30 / 15

BMW "has ruled out an entry into the Formula E Championship in the short term," according to Gary Watkins of AUTOSPORT. BMW Motorsport boss Jens Marquardt explained that the German manufacturer "has no interest in joining the series while the practice of drivers swapping cars mid-race remains." Marq...

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06/11/15
Parma Approved For Private Sale Talks

Relegated Parma has "been given permission to negotiate for a private sale of the club at a hearing" on Wednesday, according to FOOTBALL ITALIA. A final auction for the club passed Tuesday without a bidder, but the bankruptcy judge "agreed that the Emilian side can enter into talks for a private s ...

Tags: Franchises, Europe

06/11/15
Ashley Outlines Why Rangers Should Repay Loan

Sports Direct Owner Mike Ashley outlined the reasons why he believes that the £5M ($7.7M) loan he made to Scottish Championship side Rangers "should be paid back straight away," according to the Scotland DAILY RECORD. The EPL side Newcastle owner -- who owns a 9% shareholding in Rangers, insi ...

Tags: Franchises, United Kingdom

06/10/15
Final Auction To Sell Parma Takes Place

A final auction to sell Parma has taken place, "with the club needing a buyer to be able to compete in Serie B next season," according to FOOTBALL ITALIA. The Ducali were relegated from Serie A in the season just finished, "having been declared bankrupt in March." If the club can pay its sporting de ...

Tags: Europe, Franchises

06/10/15
Málaga VP Says Club Will Not Be Sold

La Liga side Málaga VP Nasser Al-Thani assured "that the club will not be sold" following a meeting with club execs on Tuesday, according to Jesús Ballesteros of MARCA. He "used his Twitter account to send a message" to the club's fans. Al-Thani tweeted, "Málaga will not be sold ...

Tags: Europe, Franchises

06/10/15
Barcelona Renews Manager Luis Enrique

Barcelona Manager Luis Enrique has agreed to a new contract to "stay on," a "big coup pulled off" by club President Josep Maria Bartomeu as he "formally stepped down ahead of elections due at the Camp Nou this summer," according to Dermot Corrigan of ESPN. Enrique led Barça to success in La L ...

Tags: Europe, Franchises

06/10/15
Rangers Chair Urges Fans To Buy Tickets

Scottish Championship side Rangers Chair Dave King has urged fans to "snap up 45,000 season tickets to hand their new boss an instant player budget" of £12M ($18.5M), according to David McCarthy of the Scotland DAILY RECORD. And the Ibrox chairman said that more cash will "come from the b ...

Tags: Franchises, United Kingdom

06/10/15
CSKA Sofia Financial Troubles 'Deepen'

Embattled Bulgarian club CSKA Sofia, which has been refused a license to play next season, was "struck another blow" when former player Youness Bengelloun was awarded €407,296 ($459,226) in compensation for unpaid salary, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The decision ...

Tags: Franchises, Europe

06/09/15
British Group Reportedly Eyeing Málaga

La Liga side Málaga is "experiencing uncertainty" over a potential change in ownership, according to Carlos Cariño of AS. The "most clear offer is the one presented by Double-Edged Sport in the name of Chinese businessmen." There is "also interest from a British group" of investors. ...

Tags: Europe, Franchises

06/09/15
Rangers Chair Calls For Over-Investment

Scottish Championship side Rangers Chair Dave King said that "over-investment may be necessary in the next three years for the club to be able to compete" in the Scottish Premiership, according to STV. However, the South Africa-based businessman did not "put a figure on how much he would put into th ...

Tags: Franchises, United Kingdom

06/09/15
Liverpool Announces Ticket Price Freeze

Liverpool announced a ticket price freeze on all general admission matchday tickets for the '15-16 Premier League season. The club has already announced a 10% reduction for junior season tickets and a price freeze on all adult general admission season tickets for next season. Liverpool has been work ...

Tags: Franchises, United Kingdom

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