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Renault To Invest More In Formula E, But Questions Future Role In F1

Published in SportsBusiness Daily Global on 06 / 30 / 15

Renault CEO Carlos Ghosn said that the manufacturer will "invest more in Formula E after a successful debut season for the world's first electric racing series," according to Alan Baldwin of REUTERS. Ghosn: "We are going to be bigger in Formula E. You are going to see us much more involved in Formul...

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02/06/15
VW Evaluates Entering Additional Series

Volkswagen "is evaluating entering additional motorsports series," according to the SID. Volkswagen Motorsports Head Wolfgang Dürheimer "confirmed the report." VW "will continue its participation in the World Rally Championship" for a third consecutive season this year. Dürheimer: "Volkswa ...

Tags: Franchises, Europe

02/06/15
Rangers Manager Told To Play Loanees

Scottish Championship side Rangers interim Manager Kenny McDowall admitted he is "duty-bound" on boardroom orders to play five loanees from EPL side Newcastle United, according to Ewan Murray of the London GUARDIAN. The extent to which shareholder Mike Ashley "controls affairs at Ibrox and St James' ...

Tags: Franchises, United Kingdom

02/06/15
Franchise Notes

The sale of La Liga side Valencia to Peter Lim by majority shareholder VCF Foundation has been officially authorized by the Valencian Government's Protectorate Of Foundations. This step was a legal requirement to seal the transaction, as the Protectorate is the body that authorizes "the sale of th ...

Tags: Franchises

02/05/15
Marussia On Verge Of F1 Comeback

Former Sainsbury CEO Justin King "is leading a consortium trying to save the bankrupt Marussia team with a multi-million pound investment that could put them back on the grid this season," according to Kevin Eason of the LONDON TIMES. King, whose son Jordan "is expected to take his place on the grid ...

Tags: Franchises, Russia, United Kingdom

02/05/15
Rob Taylor To Head Haas F1 Design

Former Red Bull and Jaguar Chief Designer Rob Taylor is to head up the design of Haas's new Formula 1 car, according to Rencken & Noble of AUTOSPORT. Although the construction of its 2016 F1 challenger is "being overseen by Italian racing car maker Dallara, Haas has appointed Taylor as its chief ...

Tags: Europe, Franchises

02/05/15
Barcelona President Defends Club

Related story: Barcelona President Charged Over Neymar Tax Case Barcelona President Josep Maria Bartomeu has claimed that "anger in Madrid that his club signed Neymar is behind him being personally charged with committing a tax fraud during the transfer," according to Dermot C ...

Tags: Europe, Franchises

02/05/15
Dave King Confident Of Takeover Success

Scottish Championship side Rangers investor Dave King "heralded the end of days for the Ibrox board -- but insists any takeover would not mean the end" for shareholder Mike Ashley, according to Gregor Kyle of the Scotland DAILY RECORD. The South Africa-based Scot "reassured fans that he was the man ...

Tags: Franchises, United Kingdom

02/05/15
Franchise Notes

Super Rugby side Melbourne Rebels has "set an ambitious target of quadrupling" its membership as part of the Super Rugby franchise’s plan "to become financially independent" of the Australian Rugby Union. The ARU "has been propping up the Rebels since the 2011 expansion team’s private ow ...

Tags: Franchises

02/04/15
FFA Tells Tinkler To Put Up Or Shut Up

The owners of nine of the A-League clubs have "expressed concern over Football Federation Australia's handling of the Newcastle Jets situation," according to Ray Gatt of THE AUSTRALIAN. A-League owners held an informal meeting on Tuesday and "have thrown their support behind" Jets Owner Nathan Tinkl ...

Tags: Australia, Franchises

02/03/15
Russian Business Protesting Valencia Sale

Russian business Zolotaya Zvezda, which turned in a bid to acquire La Liga side Valencia last year , "is not giving up in its effort to show that its offer was the best of those presented to buy the club," according to PLAZA DEPORTIVA. The bid's rep, Mikhail Botsko, "will present a claim to a Valen ...

Tags: Franchises, Europe

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