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Newcastle United Reportedly Receives £300M Bid From PCP Capital Partners

Published in SportsBusiness Daily Global on 11 / 22 / 17

Premier League side Newcastle United received a formal bid of "almost" £300M ($397M) for the club from PCP Capital Partners, the private investment firm fronted by financier Amanda Staveley, according to Jason Mellor of the LONDON TIMES....

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Court Backs HMRC Over Rangers Taxes

The U.K. Supreme Court on Wednesday ruled in favor of tax authority HMRC in a "long-running dispute" over offshore trusts used by Scottish Premiership side Rangers, in a case expected to have "wide-ranging implications" for similar tax avoidance schemes, according to Vanessa Houlder of the FINANCIAL ...

Tags: Franchises, United Kingdom

Everton To Become Europe's Top Spender

Premier League side Everton, "once known as England's Bank of England club," is returning to its "high-spending ways" by becoming Europe's "heaviest spenders in the transfer window," according to Neil Robinson of REUTERS. The club paid £ ...

Tags: Franchises, United Kingdom

Court Rules In Favor Of Barcelona

A Barcelona court on Monday confirmed a ruling that dismissed a claim filed by construction firm MCM against Barcelona, according to Juan Jiménez of AS. MCM's claim "was that Barcelona breached a contract for a project involving the facade of La Masia." MCM, which filed the suit in '13 ...

Tags: Franchises, Europe

Takeover Of Palermo Falls Through

A takeover bid for Serie B club Palermo was rejected by its owner, Maurizio Zamparini, on Saturday, more than four months after " it was announced that terms had been agreed for the deal," according to Brian Homewood of REUTERS. Zamparini said in a statement that the terms offered by U.S.-born ...

Tags: Europe, Franchises

Abu Dhabi Harlequins Sponsors Dry Up

Emirates Rugby League side Abu Dhabi Harlequins is "confident" it can "continue to thrive despite losing sponsorship deals" worth an annual Dh 500,000 ($136,130) since the end of last season, according to Paul Radley of THE NATIONAL. The club "enjoyed unprecedented success on the field" in '16-17, b ...

Tags: Franchises, Middle East

Blackpool Owner Denies Seeking Payout

League One side Blackpool majority Owner Owen Oyston denied seeking "his own multimillion-pound payout" after the club "struck the jackpot" to reach the Premier League, according to the BBC. Oyston is accused by club President Valeri Belokon of "improperly extracting millions of pounds from the foot ...

Tags: Franchises, United Kingdom

Sunderland Ends Takeover Talks

Simon Grayson is the new manager of League Championship side Sunderland after Owner Ellis Short "ended his attempts to sell the club following the collapse of takeover talks with a German consortium," according to Luke Edwards of the London TELEGRA ...

Tags: Franchises, United Kingdom

Franchise Notes

French police raided Paris St. Germain’s academy on Thursday, “acting on a commission by the body responsible for collecting taxes” ( URSSAF ). The police “carried out identity checks.” The raid is “linked to ...

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West Brom To Build Six 'Soccer Towns'

EPL side West Bromwich Albion's owners are set to construct up to six "soccer towns" across China as the club looks to grow its presence in Asia, according to Harry Slavin of the London DAILY MAIL. West Brom Owner Guochuan Lai and landscaping compa ...

Tags: Franchises, Asia, United Kingdom

Force India Moves To Change Name

Formula 1 team Force India co-Owner Vijay Mallya "has taken steps that could see India disappear" from the name of his team, according to Alan Baldwin of REUTERS. Listings at Companies House showed six businesses were registered to a London address on May 31 and June 6 using the Force One ...

Tags: Franchises, India

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