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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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06/24/13
Duisburg Denied 2nd Bundesliga License

Second Bundesliga club MSV Duisburg has been denied its league license , according to the DEUTSCHE WELLE. Duisburg "will probably spend next season playing third-tier football," while SV Sandhausen is "saved from relegation." An arbitration court dismissed the club's appeal for its league lice ...

Tags: Franchises, Europe

06/21/13
Mercedes Defends Pirelli Tire Test

Mercedes will know its fate Friday "after coming out fighting" at an int'l tribunal against accusations that it staged an illegal tire test, according to Kevin Eason of the LONDON TIMES. The team refuted charges that it had gained an advantage over its rivals by taking part in a ...

Tags: Franchises

06/21/13
SPL Hearts Lay Off 10 Employess

At least 10 office staff members "have been made redundant" at Scottish Premier League side Heart of Midlothian as administrators begin a series of cuts aimed at "saving the stricken Tynecastle club," according to the BBC. There is "not likely to be a decision made on players leaving until Friday." ...

Tags: Franchises, United Kingdom

06/21/13
Franchise Notes

Romanian football club CFR Cluj has announced that it is "seeking fresh investment" as Owner Árpád Pászkány attempts to "establish the Transylvanian outfit as a stable member of Europe’s elite." The KPMG Sports Advisory group is managing the investor search process ...

Tags: Franchises

06/20/13
BDO Named Hearts Administrators

Accounting firm BDO has "been appointed as the administrators" of Scottish Premier League side Heart of Midlothian, as the club "formally entered administration" Wednesday, according to Angus Howarth of the SCOTSMAN. BDO "will take control of the financial affairs of the Tynecastle club two days aft ...

Tags: Franchises, United Kingdom

06/20/13
Red Bull Sends Youth Team To Russia

German Hockey League (DEL) side EHC Red Bull Munich and Austrian top-division club EC Red Bull Salzburg "will send a combined youth team to compete in the Russian minor hockey league, Molodezhnaya Khokkeinaya Liga," according to MERKUR ONLINE. The minor league, which was founded in '09, "consists of ...

Tags: Franchises, Europe

06/20/13
AFL Club Raises Money To Pay Players

The A$800,000 ($763,000) raised by Australian Football League side North Melbourne Kangaroos at a special fund-raiser "will enable the Roos to pay the minimum salary cap required under the AFL rules this year," according to Jake Niall of THE AGE. The Kangaroos "raised the funds at a function for wea ...

Tags: Franchises, Australia

06/20/13
Deportivo President Asked To Step Down

Germán Rodríguez Conchado, the lawyer and legal advisor for Spanish second division side Deportivo La Coruña, has recommended that Deportivo President Augusto César Lendoiro step down from his post. Conchado: "If Augusto wants to stay, it's very likely that he is only del ...

Tags: Franchises

06/19/13
Salford Owner Eyes League One Club

Super League rugby Salford City Reds Owner Marwan Koukash "wants to buy" League One side Oldham Athletic, according to Mike Keegan of the MANCHESTER EVENING NEWS. The horse-racing magnate, who saved the Super League side from administration in February, "is hoping to complete his takeover at Boundar ...

Tags: Franchises, United Kingdom

06/19/13
Villarreal Offering Cheap Season Tickets

Newly promoted La Liga side Villarreal President Fernando Roig "wants to demonstrate that another type of management is possible in athletic entities: more adjusted to the economic reality and the needs of the fans," according to Carlos M. Sánchez of EL CONFIDENCIAL. With "this in mind," Vill ...

Tags: Franchises, Europe

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