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Executive Transactions

Published in SportsBusiness Daily Global on 11 / 26 / 14

The Greek Super League elected Asteras Tripolis President GIORGOS BOROVILOS as president on Monday "after he secured 13 votes out of the 16 teams in the league," with Panthrakikos President DIMITRIS TZELEPIS elected as his deputy ( REUTERS, 11/25 ). ... The NBA announced that JAN MENNEKEN h...

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Franchise Notes

Serie A side Sampdoria President Edoardo Garrone "has stepped down" and sold the club to Massimo Ferrero ( FOOTBALL ITALIA, 6/12 ). ... Scottish Premiership side Heart of Midlothian is "no longer in administration," after the Court of Session signed off on the deal to complete its exit ( STV, 6/1 ...

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Cagliari Sold For $61M To Fluorsid Group

League Championship club Leeds United Owner Massimo Cellino has sold Serie A side Cagliari to Italian company Fluorsid Group, according to the PA. Fluorsid, a chemical company based in Cagliari and owned by the Giulini family, "has acquired a 100% stake of the Sardinia football club" for a reported ...

Tags: Franchises, United Kingdom

Mammadov Completes Sheffield Takeover

Azerbaijani businessman Hafiz Mammadov "has completed his takeover" of League Championship club Sheffield Wednesday, according to the BBC. Mammadov, founder of the Baghlan Group, "also owns Azerbaijan side FC Baku and French top-flight club Lens." The deal "ends Milan Mandaric's three-and-a-half-ye ...

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Brazil Tycoons Look To Revive Flamengo

Brazilian oil and gas tycoon Rodolfo Landim "is among a group of wealthy businessmen trying to resurrect the fortunes" of the five-time Brasileiro champions Flamengo, which, like many clubs in Brazil, "has flirted with bankruptcy after decades of poor management and financial neglect," according to ...

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Chelsea Owner To Buy Mallorca

Chelsea Owner Roman Abramovich "is reportedly in negotiations to purchase 55% of the shares" of Spanish second division side Real Mallorca, after the club "avoided relegation on Saturday," according to Tom Conn of INSIDE SPANISH FOOTBALL. El Mundo citing sources close to the Russian billionaire has ...

Tags: Franchises, Europe, United Kingdom

Japanese Basketball Club To Cut Costs

Japanese National Basketball League side Wakayama Trians is "poised to undergo a complete organizational restructuring," according to Nagatsuka & Odeven of the JAPAN TIMES. As part of this major overhaul, head coach Zeljko Pavlicevic, who guided the Trians to a championship runnerup finish at th ...

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VW Will Remain In The WRC Until '19

German car manufacturer Volkswagen "confirmed that it will remain in the World Rally Championship for another five years until '19," according to KURIER. VW first joined the WRC in '13 with the Polo R WRC and "won the drivers, co-drivers and constructors title in the inaugural season." Since VW ente ...

Tags: Franchises, Europe

Cellino, Leeds United To Head To Court

The winding-up petition hanging over League Championship side Leeds United "will go before a judge in London after Sport Capital resisted pressure to withdraw it early," according to the YORKSHIRE POST. Leeds' attempt to avoid payment of a £950,000 ($1.6M) loan called in by Sport Capital at th ...

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NRL To Take Control Of Newcastle Knights

The uncertainty surrounding the future of National Rugby League side Newcastle Knights "will become clearer on Tuesday with the NRL poised to announce it will take over the running of the club following the departure of former owner Nathan Tinkler," according to Barry Toohey of the Sydney DAILY TELE ...

Tags: Franchises, Australia

Leeds Owner Closing In On Cagliari Sale

League Championship club Leeds United Owner Massimo Cellino "is due back in Cagliari" this week "to put the finishing touches to a deal" to sell the Serie A side to former Inter Milan board member Tommaso Giulini, according to INSIDE FUTBOL. Cellino is "keen to offload Cagliari to concentrate on Lee ...

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