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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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06/25/15
Problematic Season Could Affect '16

McLaren Racing Dir Eric Boullier "accepts the team's problematic Formula 1 season with Honda will soon start having an impact" on its '16 plans, according to Glenn Freeman of AUTOSPORT. The team has only "scored points once this season, and it is coming off the back of two particularly troubles ...

Tags: Franchises

06/25/15
Northampton Set For Indian Takeover

League Two side Northampton Town is "set to be taken over by an Indian consortium after both parties signed a heads of terms agreement," according to the BBC. The buyout will see Chair and Owner David Cardoza "sell his entire stake." Cardoza: "We've been looking for investment for a while, more on a ...

Tags: Franchises, United Kingdom

06/24/15
Levante Agrees To Negotiate Sale

Related story: NBA Suns Owner Sarver Behind Offer To Acquire La Liga Side Levante NBA Phoenix Suns Managing Partner Robert Sarver's bid for La Liga side Levante has "earned approval" and the negotiation process for a sale began on Tuesday without restrictions, according to Ism ...

Tags: Franchises, Europe, North America

06/24/15
Cruyff Under Fire For Exploiting Ajax

In recent years Eredivisie side Ajax Amsterdam has "become subservient to the business interests" of former footballer Johan Cruyff, according to Samindra Kunti of INSIDE WORLD FOOTBALL. Youth staff must "follow a course" at the Cruyff Institute and Cruyff, rather than "keeping the knowledge to Ajax ...

Tags: Franchises, Europe

06/24/15
Leeds Owner Fined €400,000 For Tax Evasion

League Championship side Leeds United Owner Massimo Cellino has been "found guilty of tax evasion and fined" €40,000 ($44,640) in an Italian court, according to the PA. Cellino has been "convicted for failing to pay VAT on an imported Range Rover in a court in Cagliari." The 58-year-o ...

Tags: Franchises, United Kingdom

06/24/15
Bartomeu Hits Back At Joan Laporta

Josep Maria Bartomeu has "hit back" at comments from Joan Laporta as the two former Barcelona presidents "settle into what looks a two-horse race in the club's upcoming presidential election ," according to Dermot Corrigan of ESPN. Laporta launched his campaign on Monday by saying that Bartome ...

Tags: Franchises, Europe

06/24/15
Horner Denies Team Principal Job Threatened

Red Bull F1 Team Principal Christian Horner has "shrugged off speculation about his future" and said that he is determined to stay on to help the troubled team resolve its problems, according to REUTERS. One of Horner's rival principals called him on Sunday to "commiserate about his supposed departu ...

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06/24/15
Franchise Notes

Spanish football club Elche will take its appeal against relegation from La Liga to Spain's Administrative Court for Sport (TAD). Club President Juan Anguix has been in Madrid "to come to an agreement with the Treasury" after the club was demoted for non-payment of tax and players' wages ( FOO ...

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06/23/15
Italian Club Parma Declared Bankrupt

Italian club Parma has announced bankruptcy after the "last remaining potential investor pulled out of buying the debt-stricken club" only hours before a deadline to complete a deal with the club's administrators, according to Ben Gladwell of ESPN. Parma was officially declared bankrupt earlier this ...

Tags: Franchises, Europe

06/23/15
CSKA Sofia Relegated To Amateur League

The saga over the future of the Bulgarian side CSKA Sofia has "finally ended" with the club suffering a similar fate to that of Scottish Championship side Rangers being relegated three divisions, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. CSKA will "start next season in Bulgaria's ...

Tags: Franchises, Europe

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