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Formula E's Positive Development Contributes To BMW Tie-Up With Andretti, Exec Says

Published in SportsBusiness Daily Global on 09 / 30 / 16

Formula E's positive development over the past two seasons was a contributing factor in BMW's decision to enter into a partnership with Andretti, BMW Motorsport Dir Jens Marquardt said. As part of a realignment of its motorsports activities, BMW earlier this week agreed to a two-year partnership w...

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Tags: Franchises, Europe, North America

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Hull city Puts Takeover Talks On Hold

Premier League side Hull City put takeover talks on hold until September to "ensure stability during the transfer window," according to the BBC. The club "opened talks with an interested party in May." It has been up for sale since '14, after the FA "turned down" Owner Assem Allam's request to ...

Tags: Franchises, United Kingdom

Bayern Not Planning U.S. Sister Club

Bayern Munich CEO Karl-Heinz Rummenigge "played down the prospect of the German champions founding a sister club" in the U.S., saying, "You should not forget your roots," according to Stephan Uersfeld of ESPN.com. Bayern is set to tour the U.S. "fo ...

Tags: Franchises, United Kingdom, Europe

York City Blocks Knights From Ground

National League side York City blocked Championship One side York City Knights "from using the Bootham Crescent ground they share," according to RUNNING RUGBY. Just 48 hours "after doubts were raised" over where Sunday's League One Super 8s opener against Doncaster would be held, it has be ...

Tags: Franchises, United Kingdom

Q&A With City Football Group's Tom Glick

After about a year as president of Major League Soccer club New York City FC, Tom Glick is back in the U.K. as chief commercial officer of City Football Group, owner of Premier League side Man City. He is also the managing director of City Football Marketing. The group currently operates four top- ...

Tags: Franchises, Europe

ManU Agrees To Terms For Paul Pogba

ManU has "thrashed out a huge financial package" with Paul Pogba as his record-breaking move from Juventus "inches closer by the day," according to Gaughan, King & Jones of the London DAILY MAIL. The central midfielder has agreed to terms "on a prospective five-year contract" worth £220,00 ...

Tags: Franchises, United Kingdom

Sonny Wu Said To Lead AC Milan Deal

Sources said that "Chinese dealmaker" Sonny Wu, whose business holdings span renewable energy and lighting, "is leading the proposed takeover" of Serie A side AC Milan, according to Browning & Panja of BLOOMBERG. The sources said that Wu’s private equity firm GSR Capital "is the main inves ...

Tags: Franchises, China, Europe

Donnelly: Eels Will Not Be Privatized

The temporary administrator of National Rugby League side Parramatta "has allayed concerns the club will be privatised, as he prepares to review the sacked board's decision to fight the NRL's sanctions for salary cap rorting," according to Adrian Proszenko of the SYDNEY MORNING HERALD. Max Donnelly ...

Tags: Franchises, Australia

Franchise Notes

A member of League One side Chesterfield ’s staff has left the club following an internal investigation into a raffle for a place at the club’s preseason training camp that sold only four tickets and was won by a “falsified” entry. The club said that Head of Commercial &am ...

Tags: Franchises

Man City Returns To U.S. In '17

Cracking the U.S. market has become a top priority for European football clubs, but Man City is taking a different approach than the rest. Compared to its competitors, Man City’s owner City Football Group operates four top-flight football clubs on four continents -- New York City FC (MLS), Mel ...

Tags: Franchises, United Kingdom, North America, China

Government To Sack Eels Board

The Parramatta Leagues Club board "will be sacked and a temporary administrator installed" after the state government on Tuesday intervened in a bid to "return stability to the embattled club," according to Nick Tabakoff of the Sydney DAILY TELEGRAPH. An Independent Liquor & Gaming Authorit ...

Tags: Australia, Franchises

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