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National Rugby League Side Canterbury Gets Government OK For $93M Project

04 / 18 / 14

National Rugby League side Canterbury Bulldogs "has received the government's go-ahead" for a A$100M ($93M) project "to transform its premises at Belmore into a six-star hotel and create new revenue streams that should guarantee the financial security and strength of the Bulldogs," according to Dani...

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Tags: Franchises, Australia

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07/18/13
Liga MX Atlas Turns Down Gov't Help

Due to the "huge controversy that it generated, politically as much as socially," Liga MX side Atlas has declined the 12M pesos ($960,000) it had been offered by Mexican state Jalisco Governor Jorge Aristóteles Sandoval after Atlas's petition for government support, according to Rigoberto Ju& ...

Tags: Franchises, North America

07/18/13
Franchise Notes

Spanish Superior Sports Council (CSD) President Miguel Cardenal has revealed that "one year ago, the Mixed Commission formed by the CSD and La Liga had planned to deny Málaga's La Liga access for '12-13 because the club was in a nearly unstable situtation." Cardenal: "We talked with Má ...

Tags: Franchises

07/17/13
Sauber Investors Yet To Pay Up

The cash-stricken Sauber F1 team "has yet to receive any payments from its three new Russian investors," according to Nicola Pohl of BILD. However, the Switzerland-based team announced that it "has avoided financial collapse for the moment with the acquisition of three Russian investors on Monday." ...

Tags: Franchises, Europe

07/17/13
Marussia To Use Ferrari Engines In '14

F1 team Marussia has "agreed a long-term technical partnership with Ferrari" to use its engines and full powertrain from '14, according to Alan Baldwin of REUTERS. The move "had been widely expected, with Marussia's existing supplier Cosworth set to leave the sport and the team appointing Frenchman ...

Tags: Franchises, Europe

07/17/13
Symonds Replaces Coughland At Williams

The "trade in the top brains in Formula One has taken a new twist as a desperate Williams team snatched Pat Symonds from their struggling rivals at Marussia," according to Kevin Eason of the LONDON TIMES. It is a tale of two notorious "Gates" -- "Spygate" and "Crashgate" -- as "two of the most contr ...

Tags: Franchises, United Kingdom

07/16/13
AFL To Announce Melbourne's Bail-Out

The Australian Football League is "on the verge of announcing a bail-out package" for Melbourne, although a final figure has yet to be determined, according to Pierik & Wilson of THE AGE. The AFL Commission met on Monday, with Melbourne, Essendon and the "health of expansion sides Gold Coast and ...

Tags: Australia, Franchises

07/15/13
Fulham Owner Sells Club To Shahid Khan

Former EPL Fulham Owner Mohamed Al Fayed on Friday "brought the curtain down on his 16-year reign" at the club when he sold it to U.S. car-parts billionaire and NFL Jacksonville Jaguars Owner Shahid Khan, according to Roger Blitz of the FINANCIAL TIMES. Al Fayed has pumped millions into the wes ...

Tags: Franchises, United Kingdom

07/15/13
Hearts Administrators Get Three Offers

Scottish Premier League side Heart of Midlothian administrators BDO received three offers for the club prior to Friday's 5pm deadline, according to the SCOTSMAN. Foundation of Hearts, HMFC Ltd. and a group involving Italian businessman Angelo Massone all "lodged proposals hoping to gain control of t ...

Tags: Franchises, United Kingdom

07/15/13
Sauber F1 Team Facing Financial Collapse

The Sauber F1 team "is facing financial collapse with a reported debt of around €90M ($118M)," according to Helmut Uhl of BILD. The Switzerland-based team "is one of several F1 teams with severe financial problems." Team Founder & Co-Owner Peter Sauber said, "Actually, we are out of air. We ...

Tags: Franchises, Europe

07/15/13
Ricoh Arena Owners Threaten Legal Action

The operator of the Ricoh Arena has threatened legal action over League One Coventry City's plans to play home games in Northampton starting this season, according to the BBC. Coventry City, which has been in administration since March, plans to stage home matches 34 miles away while it looks at " ...

Tags: Franchises, United Kingdom

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