Featured Story

Glazer Family To Raise More Than $150M By Selling 8 Million Manchester United Shares

Published in SportsBusiness Daily Global on 07 / 31 / 14

The Glazer family is selling about 5% of its holding in ManU, "taking advantage of the club’s rising share price" on the back of its £750M ($1.2B) kit supply deal with adidas, according to Roger Blitz of the FINANCIAL TIMES. ManU "will begin a roadshow next week" offering 8 million Class...

Read More

Tags: Europe, United Kingdom

More Stories

01/08/14
Lotus Confirms Louis Departure

Lotus confirmed that Matthew Carter will replace Patrick Louis as CEO, according to PLANET F1. Louis "will continue to work for the team," however, after taking up a new position at Genii Automotive. In his new role, Louis will be supported by minority shareholder Andrew Ruhan, who "acquired a small ...

Tags: Franchises

01/08/14
Valencia Leader Calls For New Deal

Valencia, Spain regional government President Alberto Fabra said that it is important that La Liga side Valencia's primary creditor, Spanish bank Bankia, find a "viable, solvent project" for the purchase of the club in order to "guarantee its athletic and social future," according to the EP. Fabra: ...

Tags: Europe, Franchises

01/06/14
Belgian Businessman Acquires Charlton FC

Belgian businessman Roland Duchâtelet has "completed his takeover" of League Championship club Charlton Athletic, according to the BBC. Duchâtelet's company, Staprix NV, will "acquire 100% of the shares, subject to final legal formalities." Former Addicks Chair Richard Murray "becomes no ...

Tags: Franchises, United Kingdom

01/06/14
Club Cuts Player Fighting Cancer

Paraguayan football side Olimpia has terminated the contract of 29-year-old player Sebastián Ariosa, who announced in June that he was fighting cancer in his thorax, according to Dino Cappelli of MARCA. Typical "symptoms of this sickness are pain in the thorax, coughing with blood and difficu ...

Tags: Franchises, South America

01/03/14
Bolton Reveals Full Cost Of Relegation

League Championship side Bolton Wanderers has "revealed the full cost of relegation from the Premier League" by revealing that the club now stands £163.8M ($276.7M) in debt following a record loss of £50.7M ($83.4M) during the financial year ending in June, according to Mark Ogden of the ...

Tags: Franchises, United Kingdom

01/03/14
Chelsea Posts Annual Loss Of £49M

Chelsea had a loss of £49.4M during the '12-13 fiscal year "after income was held back by elimination from the Champions League in the group stage," according to Peter-Joseph Hegarty of BLOOMBERG. The London-based team "still had record revenue" of £255.8M for the year through June 30, " ...

Tags: Franchises

12/30/13
Cardiff's Tan Takes Over Bosnian Club

EPL Cardiff City Owner Vincent Tan "has sealed an agreement to take over the control and management of Bosnia's Premier League football club Sarajevo," according to Daria Sito-Sucic of REUTERS. Sarajevo General Dir Dino Selimovic said, "We have signed an agreement which defines the investment and ma ...

Tags: Franchises

12/24/13
Bankia Reviewing Lim's Valencia Offer

Spanish bank Bankia is "studying an offer by Singapore billionaire Peter Lim" to acquire La Liga side Valencia, under which Valencia President Amadeo Salvo said that it "would pay off long-standing debt owed to the bank," according to Alex Duff of BLOOMBERG. Salvo added that Bankia wants "between ...

Tags: Europe, Franchises

12/24/13
Chris Froome Signs New Team Sky Deal

Reigning Tour de France winner Chris Froome "heads a list of 10 riders who have signed new contracts with Team Sky for 2014," according to the PA. Peter Kennaugh, David López and Ian Stannard were "part of the lineup that helped Froome succeed Bradley Wiggins, who is heading into the final ye ...

Tags: Franchises, United Kingdom

12/23/13
London Broncos Seeks Ground Share

London 3 North West side Barnet FC Chair Tony Kleanthous said that his club "could form a long-term partnership" with Super League club London Broncos, according to the BBC. The Broncos, who finished 13th in Super League last season, "have agreed a two-year deal" to play at The Hive, a 5,000-seat st ...

Tags: Franchises

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug