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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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12/18/14
Hartlepool Taken Over By TMH

Football League side Hartlepool United has been taken over by TMH 2014 Ltd. after Chair Ken Hodcroft and his Increased Oil Recovery firm "sold their controlling stake," according to the BBC. IOR was in control of Pools from '97, with its high point "reaching the League One play-off final in 2005." ...

Tags: Franchises, United Kingdom

12/17/14
Brumbies Board Gets Big Shake-Up

Super Rugby side ACT Brumbies has "voted for change following a record financial loss this year," ousting Chair Sean Hammond and replacing him with new board member Rob Kennedy, according to Chirs Wilson of the SYDNEY MORNING HERALD. Kennedy, of Canberra accounting and consultancy firm Synergy, "is ...

Tags: Franchises, Australia

12/17/14
Gene Haas To Bid On Marussia Assets

U.S. businessman Gene Haas has revealed that "he will be bidding for the assets of the collapsed Marussia Formula One team when they are put up for auction on Tuesday at its former factory in Banbury," according to Christian Sylt for the London GUARDIAN. The team closed its doors in November. To pay ...

Tags: Franchises, United Kingdom, North America

12/17/14
Forest Wins $393,200 Transfer Pot

League Championship side Nottingham Forest has won a £250,000 ($393,200) January transfer pot "following a competition run via Sky Bet, despite being hit with an embargo for the winter window," according to James Riach of the London GUARDIAN. Forest, one of three Championship clubs which has ...

Tags: Franchises, United Kingdom

12/17/14
Franchise Notes

Serie A side Parma President Tommaso Ghirardi's sale of Parma to a "Russian-Cypriot conglomerate" was expected to be "formally announced" on Tuesday. La Gazzetta di Parma reported that Ghirardi "met with the new buyers" on Monday evening to iron out the last details and "is moments from signing the ...

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12/16/14
Marussia Gear Goes Up For Auction

Millions of pounds worth of equipment -- from racing cars to drivers’ overalls -- belonging to the bankrupt Marussia team went on sale starting on Monday "at an online auction," according to Kevin Eason of the LONDON TIMES. Fans were expected "to rush to get their hands on memorabilia, while b ...

Tags: Franchises, United Kingdom

12/16/14
Cuban Interested In Buying Aston Villa

NBA Dallas Mavericks Owner Mark Cuban is interested in buying EPL club Aston Villa FC, according to WINNER SPORTS. The Villans are "one of the most decorated clubs in English football." No official bids "have yet been made and talks are ongoing." During the summer Aston Villa Owner Randy Lerner "pro ...

Tags: Franchises, United Kingdom, North America

12/16/14
Rangers Shareholder Faces SFA Action

Scottish Championship side Rangers shareholder Mike Ashley's grip on the club is "under threat after Scottish football authorities filed a formal case against him for alleged breaches of rules relating to running more than one club," according to Roger Blitz of the FINANCIAL TIMES. The Sports Direct ...

Tags: Franchises, United Kingdom

12/15/14
KHL Side Atlant In Financial Trouble

Atlant, a KHL hockey club based in Mytishchi, Moscow region, is facing financial problems and, according to some reports, might sell players to stay afloat. "The club's management is trying to improve the situation and is looking for ways to come out of the current crisis," General Dir Alexei Kudash ...

Tags: Franchises, Russia

12/15/14
Marussia F1 To Auction Off Assets

The assets of "collapsed F1 team Marussia are to be sold at auction," according to the BBC. The team "ceased trading in early November, nearly two weeks after being placed in administration, making about 200 staff redundant." Administrators FRP Advisory confirmed the Banbury-based team "had folded a ...

Tags: Franchises, United Kingdom

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