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Sauber Formula 1 Close To Honda Engine Deal For '18 Season

Published in SportsBusiness Daily Global on 04 / 25 / 17

Sauber Formula 1 is "closing on a deal with Honda" to use the Japanese manufacturer's F1 engines next season, according to Lawrence Barretto of MOTORSPORT. The Swiss team has run Ferrari power since '10 but Sauber has been "working on finding a new partner." Talks with Honda have been "ongoing for s...

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Tags: Franchises, Europe

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12/30/16
Reading Takeover Under Threat

The proposed takeover of League Championship side Reading "could be under threat amid concerns over the history of the two prospective new owners," according to Mike Keegan of the London DAILY MAIL. Chinese billionaire property developer Dai Yongge and sister Dai Xiu Li were part of a group that was ...

Tags: Franchises, United Kingdom

12/29/16
Atlético Close To Acquiring Mexican Club

After its success with Indian Super League side Atlético Kolkata, Atlético Madrid "has the desire to expand its brand and its next destination could be in Mexico," according to ESPN.com. Spanish newspaper Marca reported the club has reached an agreement in principle to acquire 50% of A ...

Tags: Europe, Franchises, North America

12/29/16
Franchise Notes

Dutch side ADO Den Haag will "have to wait until next year to find out " whether the court will order the team's Chinese Owner Hui Wang to pay €2.3M ($2.4M). On Wednesday, the court in The Hague decided that "it will make its ruling on the lawsuit ADO Den Haag filed against Wang" on ...

Tags: Franchises

12/28/16
Sheffield Wednesday Told Buyers To Move

Championship side Sheffield Wednesday "told prospective Ukrainian buyers two years ago that they could relocate their club away from Hillsborough because the legacy of the 1989 stadium disaster had limited the appeal to supporters of staying there," according to Ian Herbert of the London INDEPENDENT ...

Tags: Europe, Franchises

12/28/16
West Ham Denies Red Bull Report

EPL club West Ham United "denied reports that they are the subject of a takeover bid by Red Bull," according to James Benge of the London EVENING STANDARD. Club ownership has not "received any contact from potential suitors" and is "not minded to sell." West Ham Owners David Gold and David Sullivan ...

Tags: Franchises, United Kingdom

12/28/16
Franchise Notes

Luxembourg-Spanish businessman Gérard Lopez ’s project to purchase Ligue 1 side Lille “reached a new step” on Dec. 22. Lille President Michel Seydoux and Lopez signed a memorandum of understanding for the purchase of the club . The agreement should lead to the “clo ...

Tags: Franchises

12/23/16
London Welsh Granted Temporary License

Rugby Championship side London Welsh has been granted a temporary license to play its "next two Championship games, despite losing half of their playing staff," according to Chris Jones of the BBC. The club announced on Dec. 7 that it would be "going into voluntary liquidation" and is now "trad ...

Tags: Franchises, United Kingdom

12/23/16
Basketball Continues Growth In Canberra

Canberra's "basketball popularity boom" has launched National Basketball League talks back on to Basketball ACT's radar as the sport makes moves to capitalize on "unprecedented player numbers," according to Chris Dutton of the CANBERRA TIMES. Basketball ACT President David Leaney​ revealed the ...

Tags: Australia, Franchises

12/23/16
Milan Buyer Assures Of Plan B

Sino-Europe Sports President Yonghong Li assured that "we’ve identified an alternative investment structure" if the Chinese government delays the purchase of Serie A side AC Milan, according to FOOTBALL ITALIA. The deal was supposed to be completed this month, but the consortium was "forced to ...

Tags: Franchises, Europe

12/22/16
Chapecoense Begins To Rebuild Team

Brasileiro side Chapecoense announced its "first signings since the tragic plane crash that resulted in the death of a majority" of its squad, according to Amitai Winehouse of the London DAILY MAIL. Atlético Mineiro "loaned attacking midfielder Dodo to their fellow Brazilian side for a year w ...

Tags: Franchises, South America

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