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Scottish Premiership Side Heart Of Midlothian One Step Closer To Exiting Administration

04 / 17 / 14

Scottish Premiership side Heart of Midlothian moved a "step closer to coming out of administration after creditors of a failed Lithuanian bank approved the sale of shares in the club," according to Brian McLauchlin of the BBC. Edinburgh businesswoman Ann Budge has been "awaiting an agreement" so she...

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Tags: Franchises, United Kingdom

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11/28/13
Inter Milan Owner Won't 'Splash Cash'

Serie A Inter Milan President Erick Thohir said that his priority "will be putting the club back on a sound financial footing and not splashing the cash on top drawer players," according to the AFP. Thohir, who recently acquired a 70% majority stake in the Nerazzurri from former Owner Massimo Moratt ...

Tags: Franchises

11/28/13
Rangers Rebel Shareholders Urge Vote

The group of "rebel shareholders vying for control" of Scottish League 1 Rangers "have released a statement reiterating their determination to have four individuals elected to the club’s board at the forthcoming AGM," according to the Scotland DAILY RECORD. The statement also indicated that th ...

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11/28/13
Liga MX Morelia Not Going Anywhere

Liga MX side Morelia, which is owned by TV Azteca, has "released a statement saying the club will remain in Morelia," according to LA AFICION. TV Azteca bought Liga MX club Atlas Tuesday, which "brought about rumors related to a sale of Morelia due to a recently passed Liga MX rule regarding multi ...

Tags: Franchises, North America

11/28/13
Fans Filling ACB Real's Sports Palace

Real Madrid's basketball team, which competes in the Spanish Basketball League (ACB), is "on its way to becoming a social phenomenon," according to Nacho Duque of MARCA. Through nine games this season, the club's average attendance at Real's Sports Palace arena is 9,071. The only Spanish club with b ...

Tags: Europe, Franchises

11/28/13
ManU Plane Aborts Landing

ManU was "involved in a mid-air drama in Germany on Tuesday night with the chartered plane carrying the team forced to abort its landing just 400 metres above the runway at Cologne's Konrad Adenauer Airport," according to Mark Ogden of the SYDNEY MORNING HERALD. With the Monarch Airlines A321, fligh ...

Tags: Franchises, United Kingdom, Europe

11/27/13
McLaren Opens Doors To Google

The McLaren F1 team does not open its headquarters to the public, but as part of its 50th anniversary, McLaren has teamed with Google to map out the McLaren Technology Centre in Woking, U.K. for fans to view online. McLaren has allowed Google to bring its Street View cameras to the facility to give ...

Tags: United Kingdom, Franchises

11/27/13
CTBC To Take Over Brother Elephants

Taiwan financial firm CTBC Financial Holding Co. is "close to winning a bid to take over" Chinese Professional Baseball League team Brother Elephants, according to the CNA. CTBC Financial, Taiwan's third-largest publicly traded financial firm, "offered the highest bid among the interested parties an ...

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11/27/13
TV Azteca Buys Liga MX Side Atlas

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11/27/13
Leicestershire Eying Financial Boost

County Championship side Leicestershire County Cricket Club CEO Mike Siddall "hopes changes for the new season will trigger a financial boost," according to the BBC. He "welcomed the decision to start County Championship fixtures on a Sunday and to play the majority of Twenty20 matches on ...

Tags: Franchises, United Kingdom

11/27/13
Franchise Notes

Warwickshire has renamed its Twenty20 side Birmingham Bears "for next year's t20 Blast tournament." The club has "swapped county for city for the shortest form of the game" as CEO Colin Povey believes "it will give them a greater affinity with the local community" ( PA, 11/26 ). ... The majority o ...

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