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Financially Struggling Handball Bundesliga Side HSV Hamburg Pays Outstanding Salaries

04 / 24 / 14

The players and head coach Martin Schwalb of financially struggling Handball Bundesliga (HBL) club HSV Hamburg "finally received their March salaries on Tuesday, 17 days behind schedule," according to SPIEGEL ONLINE. It has been reported that club patron Andreas Rudolph "provided the money in advanc...

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Tags: Franchises, Europe

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09/26/13
NRL CEO Says Sharks Will Not Move

National Rugby League CEO Dave Smith said that "there are no plans to move" the Cronulla Sharks to Queensland but said that "the code's governing body are carefully monitoring the financial viability of the club," according to Ian McCullough of the AAP. League powerbrokers "have reportedly discussed ...

Tags: Franchises, Australia

09/26/13
Dragon Racing Joins Formula E

L.A.-based Dragon Racing "will compete against IndyCar rivals Andretti Autosport in electric racing next year" after being announced on Wednesday as the fourth team to enter the new Formula E championship, according to Alan Baldwin of REUTERS. Organizers said Dragon, owned by media and publishing en ...

Tags: Franchises

09/26/13
Dragons Go To NRL For Financial Help

Once mighty National Rugby League club St. George Illawarra Dragons has appealed to the NRL for urgent financial assistance to maintain its extensive junior development programs "as the joint venture reels from two poor seasons and enormous cuts to its Leagues Club grant," according to Josh Mas ...

Tags: Franchises, Australia

09/26/13
Munich Open To Dortmund In BBL

FC Bayern Munich President Uli Hoeneß said that "he would welcome it if Borussia Dortmund would join the Basketball Bundesliga (BBL) with a team," according to Oliver Völkl of FOCUS ONLINE. Hoeneß "knows that competition is good for business" from his experience in the football Bund ...

Tags: Franchises, Europe

09/26/13
Murray Asks: Who Really Owns Rangers?

Former Scottish League 1 Rangers Dir Paul Murray "called for clarity from the Rangers board over the identity of its foreign backers," according to Keith Jackson of the Scotland DAILY RECORD. Murray, who has teamed up with entrepreneur Jim McColl "to lead a shareholder uprising against the Ibrox reg ...

Tags: Franchises, United Kingdom

09/26/13
Franchise Notes

Spanish men's volleyball club Zaragoza on Wednesday announced that the team will not participate in the '13-14 Superliga season because it was "unable to find the necessary sponsorship to guarantee the minimum budget to compete." Zaragoza's statement emphasized that the team "will not disappear and ...

Tags: Franchises

09/25/13
Mexican To Buy Spanish Club Alcorcón

Mexican businessman Amado Yáñez, who owns Liga MX side Querétaro, Mexican baseball club Delfines de Carmen and Mexican second-division sides Neza and Pumas de Morelos, "has expressed interest in buying Spanish second-division side Alcorcón." The "negotiations are already ...

Tags: Europe, Franchises

09/25/13
Cronulla Sharks Could Be Relocated

National Rugby League side Cronulla Sharks "could be forced to relocate" 1,450km to central or southern Queensland in '15 "in the wake of the club’s administrative failures when" the Australian Sports Anti-Doping Authority investigation is complete, according to Wilson & Hooper of the Sydney DAI ...

Tags: Franchises, Australia

09/25/13
Gloucester Profits In Third Straight Year

Premiership Rugby side Gloucester Chair Ryan Wilkinson announced a financial profit for the third year in succession. Gloucester filed its latest set of accounts this week, revealing a pre-tax profit of £305,336 ($489,000) against a turnover of £11.6M ($18.6M). The financial perform ...

Tags: Franchises, United Kingdom

09/25/13
Valentino Rossi Applies To Field Moto3 Team

Nine-time MotoGP world champion Valentino Rossi's VR46 company has "struck a deal with Sky Italia, which will be the new team's principal sponsor," according to Sam Tremayne of AUTOSPORT. The team will "race KTM machinery and has already agreed to run Romano Fenati, who scored his breakthrough win i ...

Tags: Franchises

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