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Ford To Retire Falcon, V8 Supercars Future Uncertain After Melbourne Plant Closes In '16

05 / 24 / 13

Falcon's presence on the V8 Supercars grid "appear to be numbered following the carmaker's decision to end local manufacturing" in '16, according to Peter Kogoy of THE AUSTRALIAN. The company "stunned the sport" Thursday when it confirmed it would close down its Broadmeadows assembly ...

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Tags: Franchises, Australia

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11/20/12
Hearts Rebuff Massone Bid

Scottish Premier League Heart of Midlothian FC has "rejected a takeover offer from the former owner of Livingston, believing Italian businessman Angelo Massone may not be the right person to take the club forward," according to the Scotland DAILY RECORD. The Italian revealed that he was fronting a & ...

Tags: Franchises, United Kingdom

11/20/12
Daimler Buys Out Mercedes F1 Team

German luxury carmaker Daimler "has taken full control" of the Mercedes F1 team after "buying a 40% stake owned by Abu Dhabi sovereign-wealth fund Aabar Investments," according to Keith Weir of REUTERS. The sale of the F1 stake "is a logical step for Aabar, which has been cutting its ties with Daiml ...

Tags: Europe, Franchises

11/20/12
Rabbitohs Fans Could Become Shareholders

Fans of the National Rugby League club South Sydney Rabbitohs, often "regarded as the people's club," could have "the chance to become shareholders" in the club, following the decision by actor Russell Crowe to sell his stake by the end of next season, according to Stuart Honeysett of THE AUSTRALIAN ...

Tags: Franchises, Australia

11/19/12
Hearts Owner Denies Club's Cash Crisis

Scottish Premier League club Heart of Midlothian Owner Vladimir Romanov "has finally broken his silence on the crisis at his stricken club" -- to deny it has financial problems, according to Lauren Crooks of the Scotland DAILY RECORD. The 65-year-old tycoon, "who has not been seen in Edinburgh for m ...

Tags: Franchises, United Kingdom

11/19/12
West Ham Owner Could Sell Some Stake

EPL West Ham United co-Owner David Gold "has admitted he would sell some of his stake in the club if he can find an Upton Park sugar-daddy," according to Martin Lipton of the London MIRROR. However, Gold insisted that he and partner David Sullivan "will not make the mistake they did at Birmingham -- ...

Tags: Franchises, United Kingdom

11/19/12
Rabbitohs To Be Offered Club Back

National Rugby League South Sydney Rabbitohs members will be given the first option to buy actor Russell Crowe's stake in the club as the actor's decision to sell out of the club "casts doubts over privatisation in the NRL," according to Brad Walter of the SYDNEY MORNING HERALD. The provision for th ...

Tags: Australia, Franchises

11/16/12
Hearts Could Turn Into Fan-Owned Club

One of Scotland’s top businesswomen has "joined the consortium bidding to rescue" Scottish Premier League Heart of Midlothian and "turn it into a fan-owned club," according to David McCann of the SCOTSMAN. Multi-millionaire IT guru Ann Budge has teamed up with former Hearts striker Donald Ford ...

Tags: Franchises, United Kingdom

11/16/12
Portsmouth Supporters To Take Over

The Portsmouth Supporters’ Trust Wednesday said it could "see light at the end of the tunnel" after it signed a conditional deal to buy the League One club Portsmouth FC from administrator Trevor Birch, according to Ashling O'Connor of the LONDON TIMES. The sale to the supporter-led consortium ...

Tags: Franchises, United Kingdom

11/14/12
Hearts Strike Deal With Taxman

Scottish Premier League side Heart of Midlothian has "done a deal with the taxman to safeguard the immediate future of the Tynecastle club," according to the Scotland DAILY RECORD. The Hearts have agreed to terms with U.K. tax authority HMRC that will "allow them to pay the outstanding £449,69 ...

Tags: Franchises, United Kingdom

11/13/12
Dubai Firm Close To Leeds Purchase

Dubai-based Gulf Finance House Capital is "believed to be just days away" from confirming a £52M ($83M) takeover of League Championship club Leeds United, according to Ashley Hammond of GULF NEWS. If the bid is successful, the company would secure current owner Ken Bates' 72.85% share of the c ...

Tags: United Kingdom, Franchises

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