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National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

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Tags: Leagues and Governing Bodies, Australia

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Former Rangers Owner Blames Taxman

Former Scottish League 1 Rangers Owner David Murray on Wednesday "blamed the taxman for Rangers' liquidation," according to Jackson, McGivern & Clements of the Scotland DAILY RECORD. Murray "hit out" after a judge "kicked out" U.K. tax authority HMRC's appeal in its "long-running legal case" aga ...

Tags: Franchises, United Kingdom

Fans Step Up Takeover Bid For Hibernian

Scottish Championship side Hibernian FC supporters said that "they are preparing to step up their bid for control of the Leith outfit after holding talks" with Owner Tom Farmer, according to the Scotland DAILY RECORD. A group "has set up the 'Forever Hibernian' campaign and is readying itself to lau ...

Tags: Franchises, United Kingdom

Franchise Notes

Bundesliga side Bayer Leverkusen "will travel to Florida in preparation for the second half of the '14-15 Bundesliga season." The club announced that "it will hold its winter training camp in Orlando from Jan. 9-18." As part of the training camp, Leverkusen "will participate in a tournament with fut ...

Tags: Franchises

Italian Businessman Buys Leyton Orient

League One side Leyton Orient has "become the latest English club to be taken over by a foreign owner after chairman Barry Hearn agreed to sell his 90 per cent stake in the club to Italian businessman Francesco Becchetti," according to Luke Edwards of the London TELEGRAPH. Hearn, a lifelong Leyton O ...

Tags: Franchises, United Kingdom

Aston Villa Owner Delays Sale Of Team

EPL side Aston Villa Owner Randy Lerner "delayed the sale" of the club "to concentrate on the season," according to Mason Levinson of BLOOMBERG. Lerner, who in May disclosed his intention to sell the team following a 15th-place finish, said in a statement that when he announced the sale plans he tol ...

Tags: Franchises, United Kingdom

Independiente Names New Club President

Argentine first division side Independiente's new president is Hugo Moyano, who obtained 5,719 votes (69.44%) in an election held Sunday. Moyano, who represented the Independiente Group, will be the club's president for the next three years. Members also voted to make Nurhayr Nakis Independiente's f ...

Tags: Europe, Franchises

Ferarri F1 Boss Promises Changes

Ferrari F1 Team Principal Marco Mattiacci said after Sunday's British Grand Prix that the team will be a different one next year, "with changes already being made at Maranello," according to Alan Baldwin of REUTERS. Fernando Alonso "finished only sixth for the Italian team at Silverstone." Mattiacci ...

Tags: Franchises, Europe

Leader Emerges Among NSW Bidders

A consortium led by Super Rugby side New South Wales Waratahs' sponsor Pet Resorts Founder David Levy has "firmed as favourite" to secure the team's Super Rugby license following the "elimination of a bid by former Wallabies coach Bob Dwyer," according to Bret Harris of THE AUSTRALIAN. Dwyer's bid, ...

Tags: Australia, Franchises

Brentford Owner Invests In Danish Club

League Championship side Brentford Owner Matthew Benham has "become the majority shareholder" of Danish Superliga side FC Midtjylland, according to the BBC. Benham has "bought shares in FCM Holding, which is the parent company of the Herning-based club and FCM Handball, an associated handball side." ...

Tags: Franchises, Europe

Coventry City Owner Loses Court Battle

League One side Coventry City's hedge fund owner Sisu, which "moved the proud club to Northampton," has suffered "total defeat in a high court judgment damning their 'mismanagement' and a 'rent-strike' they conducted to imperil the owners of the Ricoh Arena," according to David Conn of the London GU ...

Tags: Franchises, United Kingdom

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