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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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12/23/13
Former Rangers Chair: Club Needs $16M

Former Scottish League 1 Rangers Chair Malcolm Murray said that the club will need a £10M ($16M) cash injection "to stay afloat in the next 18 months," according to Andrew Smith of the SCOTSMAN. The club's "complex ownership structure," as well as the discontent from supporters at the co ...

Tags: Franchises, United Kingdom

12/20/13
NRL South Sydney Loses New Center

National Rugby League side South Sydney's "dream to relocate to new high performance centre in Maroubra has been shattered after the Federal Government withdrew support" for a A$16M ($14M) package that was "promised to fund the project," according to Josh Massoud of the Sydney DAILY TELEGRAPH. Austr ...

Tags: Franchises, Australia

12/20/13
Scottish Rangers Board Re-Elected

Scottish League 1 Rangers' board has "been re-elected while rebel shareholders have failed to gain any director appointments at the annual general meeting," according to STV. All members of the current board were "re-appointed with between 65% and 80% support of voting rights cast in their favour." ...

Tags: Franchises, United Kingdom

12/19/13
Sharks To Pay $1M Fine Over Five Years

National Rugby League side Cronulla "could be given up to five years" to pay the A$1M ($890,000) "fine it incurred over its handling of the supplements scandal," according to Dan Kock of THE AUSTRALIAN. In an attempt to ease the burden on the Sharks' bottom line, there "has been talk of allowing the ...

Tags: Franchises, Australia

12/19/13
Indigenous Club Reaches Top Division

Ecuadorean football side Mushuc Runa earned promotion to the top division of Ecuadorean football for '14 in November -- "representing a South American wonder: with impeccable financial management, a club created in an agreement between indigenous villages has reached the country's top league," accor ...

Tags: Franchises, South America

12/19/13
La Liga Sevilla Reveals '12-13 Finances

La Liga side Sevilla's Administrative Council announced a profit of €2.4M ($3.3M) from the '12-13 financial year -- "a positive balance thanks to capital from player transfers," according to the EFE. Club shareholders were informed that Sevilla earned €86M ($118M) in revenue, with €31 ...

Tags: Europe, Franchises

12/19/13
Murray: Rangers Broke Stock Rules

Former Scottish League 1 Rangers Dir Paul Murray said that the board "may have broken stock market rules by leaking details of a vote ahead of the club's agm" on Thursday, according to the SCOTSMAN. Murray is leading a rebel group seeking to take control of the Rangers board, "but his attempts ...

Tags: Franchises, United Kingdom

12/18/13
Rangers Boss: Board Supports McCoist

Scottish League 1 Rangers CEO Graham Wallace said he "understood" Manager Ally McCoist's decision to give his shares proxy to supporters who are likely to vote against the board, according to the Scotland DAILY RECORD. McCoist has given his local East Kilbride supporters' club "the power to wield a ...

Tags: Franchises, United Kingdom

12/18/13
Franchise Notes

Honda Racing Corp. Team Principal Shuhei Nakamoto has warned that "Honda would almost certainly quit MotoGP if control ECUs were made mandatory." The series "mandated the use of spec ECUs and dataloggers from the start of next year's championship, although factory outfits have an opt-out clause." Di ...

Tags: Franchises

12/17/13
Tottenham Sacks Villas-Boas

The tenure of EPL Tottenham Manager Andre Villas-Boas "came to an abrupt end" Monday as the club confirmed the “termination of his services” after its worst home defeat in 16 years, according to Matt Hughes of the LONDON TIMES. The 36-year-old Portuguese "had been given a stay of ex ...

Tags: Franchises, United Kingdom

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