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National Rugby League Side Canterbury Gets Government OK For $93M Project

04 / 18 / 14

National Rugby League side Canterbury Bulldogs "has received the government's go-ahead" for a A$100M ($93M) project "to transform its premises at Belmore into a six-star hotel and create new revenue streams that should guarantee the financial security and strength of the Bulldogs," according to Dani...

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Tags: Franchises, Australia

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01/06/14
Club Cuts Player Fighting Cancer

Paraguayan football side Olimpia has terminated the contract of 29-year-old player Sebastián Ariosa, who announced in June that he was fighting cancer in his thorax, according to Dino Cappelli of MARCA. Typical "symptoms of this sickness are pain in the thorax, coughing with blood and difficu ...

Tags: Franchises, South America

01/03/14
Bolton Reveals Full Cost Of Relegation

League Championship side Bolton Wanderers has "revealed the full cost of relegation from the Premier League" by revealing that the club now stands £163.8M ($276.7M) in debt following a record loss of £50.7M ($83.4M) during the financial year ending in June, according to Mark Ogden of the ...

Tags: Franchises, United Kingdom

01/03/14
Chelsea Posts Annual Loss Of £49M

Chelsea had a loss of £49.4M during the '12-13 fiscal year "after income was held back by elimination from the Champions League in the group stage," according to Peter-Joseph Hegarty of BLOOMBERG. The London-based team "still had record revenue" of £255.8M for the year through June 30, " ...

Tags: Franchises

12/30/13
Cardiff's Tan Takes Over Bosnian Club

EPL Cardiff City Owner Vincent Tan "has sealed an agreement to take over the control and management of Bosnia's Premier League football club Sarajevo," according to Daria Sito-Sucic of REUTERS. Sarajevo General Dir Dino Selimovic said, "We have signed an agreement which defines the investment and ma ...

Tags: Franchises

12/24/13
Bankia Reviewing Lim's Valencia Offer

Spanish bank Bankia is "studying an offer by Singapore billionaire Peter Lim" to acquire La Liga side Valencia, under which Valencia President Amadeo Salvo said that it "would pay off long-standing debt owed to the bank," according to Alex Duff of BLOOMBERG. Salvo added that Bankia wants "between ...

Tags: Europe, Franchises

12/24/13
Chris Froome Signs New Team Sky Deal

Reigning Tour de France winner Chris Froome "heads a list of 10 riders who have signed new contracts with Team Sky for 2014," according to the PA. Peter Kennaugh, David López and Ian Stannard were "part of the lineup that helped Froome succeed Bradley Wiggins, who is heading into the final ye ...

Tags: Franchises, United Kingdom

12/23/13
London Broncos Seeks Ground Share

London 3 North West side Barnet FC Chair Tony Kleanthous said that his club "could form a long-term partnership" with Super League club London Broncos, according to the BBC. The Broncos, who finished 13th in Super League last season, "have agreed a two-year deal" to play at The Hive, a 5,000-seat st ...

Tags: Franchises

12/23/13
Former Sevilla President Sells $1B Package

Former La Liga Sevilla President José María Del Nido, who was " recently sentenced to seven-and-a-half years" for his role in the "Minutas" embezzlement case, "has sold more than 7% of his shares of the club," according to Fede Quintero of MARCA. Del Nido sold 7.25% of his shares to b ...

Tags: Franchises, Europe

12/23/13
Spanish State's Clubs To Keep Affiliations

The Spanish state of Catalonia's advisory council said on Friday that "nothing should stop Barcelona or Espanyol from continuing to compete in La Liga in the event that Catalonia gains independence from Spain," according to the EFE. This "was the conclusion from one of four reports presented by an o ...

Tags: Franchises, Europe

12/23/13
Singapore Tycoon Eyeing Valencia

La Liga side Valencia President Amadeo Salvo said on Sunday that "Singapore businessman Peter Lim was interested in buying the financially troubled club," according to the AP. Salvo: "Peter Lim's offer is amazing." The Valencia president said that the offer "includes paying off Valencia's debt and m ...

Tags: Europe, Franchises

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