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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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FFA Expecting Sale Of Western Sydney

Football Federation Australia is "expected to announce the long-awaited sale" of A-League side Western Sydney this week, according to Ray Gatt of THE AUSTRALIAN.  The FFA board "gave its final approval to the deal at a board meeting on Saturday and, as revealed in October, the club will be hand ...

Tags: Australia, Franchises

Club Attacks Ex-Manager's Spending

Premier League club Cardiff City has "launched a fresh attack on the spending" by former Manager Malky Mackay after announcing that the club spent £3M ($5M) net on players in January, according to Gary Jacob of the LONDON TIMES. The South Wales club said that its shareholders blame Mackay for ...

Tags: Franchises, United Kingdom

Bristol City Plans To Install Rail Seats

League One side Bristol City plans to become the first club in the U.K to install rail seats, "which have been pioneered in the German Bundesliga," according to the BBC. The seats "can either be unlocked or locked to create a standing or seated area inside a stadium." Regulations currently prohibi ...

Tags: Franchises, United Kingdom

Rangers Fan Ownership 'A Long Way Off'

The Rangers Supporters Trust "has announced it now holds over half a million shares" in Scottish League 1 Rangers after buying a further 200,000 this week, according to the Scotland DAILY RECORD. The fan group's long-term ambition "is to hand control of the club to the Light Blues faithful," a ...

Tags: Franchises, United Kingdom

Franchise Notes

The Hong Kong owners of League Championship side Birmingham City Football Club said that they plan to sell 12% of the club to a Beijing advertising firm for HK$45M ($5.8M) "to bring it new business opportunities in China." The sale by Birmingham Int'l Holdings Ltd. comes as that company's sharehold ...

Tags: Franchises

Consortium Looks To Purchase Kilmarnock

A Scottish Premiership Kilmarnock fan consortium has "revealed its intention to purchase a majority shareholding in the club," according to David Wren of the Scotland DAILY RECORD. The Killie (Community) Working Party's bid relies on Kilmarnock Chair Michael Johnston "reaching a deal with the bank t ...

Tags: Franchises, United Kingdom

Beckham Asks PSG Owners For Funding

French newspaper Le Parisien reported David Beckham "has asked the wealthy Qatari owners of Paris Saint-Germain to help fund his new Major League Soccer franchise in Miami," according to ESPN. Beckham, 38, "brought the curtain down on his playing career after helping PSG win the Ligue 1 title last s ...

Tags: Franchises, North America

La Liga Valencia Clarifies Sale Process

La Liga side Valencia said that the process of the sale of the club "is scheduled to end with it being sold on March 24, with proposals being accepted until Feb. 24," according to the EFE. This "new process," however, "may not be carried out because the club's lender, Spanish bank Bankia, rejected ...

Tags: Europe, Franchises

Deportivo Denies Reaching Agreement

Spanish second division side Deportivo La Coruña President Tino Fernández recognized on Monday that "his team does not have an agreement with the Hacienda (Spanish tax authorities), the club's principal creditor, to stop embargoes that could be reactivated following a judge's decision ...

Tags: Franchises, Europe

Former Rangers Players Join The Fray

Former Scottish League 1 Rangers players Richard Gough and Alex Rae have become the "first two former Rangers players to back a scheme that could hand the club's supporters power at Ibrox," according to the HERALD SCOTLAND. Representatives of the club's support have been "invited to hear a presentat ...

Tags: Franchises, United Kingdom

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