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National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

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Tags: Leagues and Governing Bodies, Australia

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Ludogorets Owner Discusses Club's Rise

Bulgarian side Ludogorets Razgrad, which will face Real Madrid in the Champions League on Wednesday, is the property of Owner Kiril Domuschiev, who "bought the club when it was in Bulgaria's second tier," according to Alvaro De La Rosa of AS. Domuschiev "discussed what attracted him to the club and ...

Tags: Franchises, Europe

ManU Considering Midweek Friendlies

ManU "is looking at playing lucrative friendlies overseas to fill the midweek void left by the absence of European football this season" and the team's early exit from the Capital One Cup, according to Rob Harris of the AP. The team forecasts a 10% "drop in revenue" in '14-15 after failing to qualif ...

Tags: Franchises, United Kingdom

Franchise Notes

Bayern Munich "has opened a permanent fan shop at the Leipziger Platz in Berlin." The store "is located inside the LP 12 Mall in the German capital." The shop "will offer jerseys, posters and more than 700 other Bayern Munich products on its 150-square-meter sales floor" ( ABENDZEITUNG MÜNCHEN ...

Tags: Franchises

Lim's Salford Investment 'Philanthropic'

Singapore billionaire Peter Lim said that his investment in semi-pro Northern Premier League side Salford City with the five "class of 92" former ManU stars "has nothing to do with third-party ownership of players," in which Lim is involved at La Liga side Valencia, according to David Conn of t ...

Tags: Franchises, United Kingdom

India's Richest Race To Own Sports Teams

As "owning a sports club becomes the new status symbol for country's uber rich," it is India's wealthiest man -- Reliance Industries Chair Mukesh Ambani -- who "leads the pack" with his Indian Premier League team Mumbai Indians being worth an estimated $200M, according to the PTI. Forbes reported th ...

Tags: Franchises, India

Fans Urge Rangers To Come Clean

Fans of Scottish Championship side Rangers "have called on Sandy Easdale to guarantee he will not block any move from Dave King to invest" in the club, according to Gary Ralston of the Scotland DAILY RECORD. The Union of Fans "have also urged the board to come clean on the club accounts after Record ...

Tags: Franchises, United Kingdom

CSKA To Play Behind Closed Doors

CSKA Moscow's Champions League home game with Man City is "one of three fixtures the Russian club expect to play behind closed doors" because of the "violence perpetrated by fans before their 5-1 Group E defeat at Roma" on Sept. 17, according to the BBC. CSKA were "already due to play Bayern behind ...

Tags: Franchises, Russia

FA Could Help Spurs In Stadium Search

EPL side Tottenham Hotspur needs "a ground for one season while White Hart Lane is being redeveloped and the Emirates remains the obvious answer," according to Jason Burt of the London TELEGRAPH. It is a "magnificent stadium with superb facilities, great transport links and a 60,000-capacity." And " ...

Tags: United Kingdom, Franchises

Brabham Racing Team Revived

The Brabham racing team has been "re-launched with the goal of returning to the Formula 1 grid," according to SKY SPORTS. Brabham, one of the "most iconic names in world motor-racing," last raced in '92. The club has "now been revived by 'Project Brabham,' the brainchild of David Brabham, son of thr ...

Tags: Franchises, United Kingdom

Leeds Owner Under Renewed Threat

League Championship side Leeds United Owner Massimo Cellino's reign is "under serious threat after an Italian judge ruled he set up a 'bogus corporate screen' as part of a 'Machiavellian simulation' deliberately to evade paying import tax on a yacht" in '12, meaning the Football League could "bar th ...

Tags: Franchises, United Kingdom

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