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Executive Transactions

Published in SportsBusiness Daily Global on 11 / 26 / 14

The Greek Super League elected Asteras Tripolis President GIORGOS BOROVILOS as president on Monday "after he secured 13 votes out of the 16 teams in the league," with Panthrakikos President DIMITRIS TZELEPIS elected as his deputy ( REUTERS, 11/25 ). ... The NBA announced that JAN MENNEKEN h...

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Thai Consortium To Take Over Reading FC

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08/04/14
Moraru Buys Romanian Club Rapid

Moldovan businessman Valerii Moraru has acquired 94.72% of the shares in Romanian football club Rapid Bucharest, according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. The "full cost of the club to Moraru has not been declared" but he reportedly paid between €2.7M ($3.6M) and €4M ($5.4M ...

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08/01/14
VCF Foundation Approves Of Valencia Sale

La Liga side Valencia majority shareholder VCF Foundation President Aurelio Martínez said on Thursday, "Peter Lim is the owner of Valencia," according to Conrado Valle of AS. This "is not yet true officially, though." Of the VCF Foundation's 19 members, 17 voted on Thursday "in favor of the s ...

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08/01/14
Franchise Notes

Spanish second division side Real Zaragoza's new majority shareholder, the Fundación Zaragoza 2032 group, "has made the payments that were owed to the club's approximately 200 employees for the last two or three months." Payments are now up to date as of June 30 and the Fundación said ...

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07/31/14
Racing Majority Shareholder Sells Stake

Spanish second division side Racing Santander majority shareholder Jacobo Montalvo "has decided to sell all his shares in the club for the symbolic price of €1 with the goal of avoiding relegation" to the Spanish third tier, according to the EP. The club "explained that late Tuesday, Montalvo's ...

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07/31/14
Caterham F1 Team To Take Legal Action

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07/31/14
Scottish Rangers Chair Denies Sale Plans

Scottish Championship side Rangers Chair David Somers on Tuesday "hit back at his club's own fans by insisting categorically he has no plans to sanction the sale of Murray Park," according to Keith Jackson of the Scotland DAILY RECORD. Following a statement from supporters' coalition group the Union ...

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Bayern's Season-Ticket Holders Complain

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Mercedes To Rethink Team Orders

F1 team Mercedes "will rethink" its approach to races "after a controversy over team orders at the Hungarian Grand Prix," according to Andrew Benson of the BBC. Lewis Hamilton "refused a demand to move over for team-mate Nico Rosberg because he felt it would mean the German would end up beating him ...

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Blackpool FC Has Only Eight Players

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