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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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06/17/13
Melbourne Demons Start Rebuild

Australian Football League side Melbourne Demons coach Mark Neeld's days as coach are numbered after the Demons Friday "took their first significant steps in a complete rebuild" when President Don McLardy and another board member quit their roles, according to Smith & Walsh of THE AUST ...

Tags: Franchises, Australia

06/14/13
AFL Demons To Submit Restructure Bid

Australian Football League Melbourne Demons' bid for an AFL-funded multi-million dollar restructure "comes with the club still struggling to lure an experienced football boss" and uncertainty lingering over the replacement for President Don McLardy, according to Caroline Wilson of THE AGE. McL ...

Tags: Franchises, Australia

06/14/13
Hamburg Wants To Reduce Player Payroll

Bundesliga Hamburg SV Sport Dir Oliver Kreuzer "wants to improve the team despite the club's cost-saving measures," according to the DPA. Kreuzer said, "[There is] not reason to worry. But we won't present new players that all cost a transfer fee from the get-go. We first have to thin out our roster ...

Tags: Franchises, Europe

06/14/13
Renault To Supply Four F1 Teams In '14

Renault Sport F1 Dir Jean-Michel Jalinier said that Renault expects "to power four Formula One teams next season with Red Bull's two confirmed and Caterham and Lotus set to renew soon," according to Guillaume & Blachier of REUTERS. The French manufacturer, which has helped Red Bull "sweep up the ...

Tags: Franchises, Europe

06/14/13
SPL Hearts Put All Players Up For Sale

Scottish Premier League club Heart of Midlothian said that it will have to sell its best players to ensure its "survival over the next couple of months," according to Keith Weir of REUTERS. The club said in a statement on its website: "The club will consider offers for the players of the current squ ...

Tags: Franchises, United Kingdom

06/14/13
Racing Santander Passes Capital Increase

Spanish second-division side Racing Santander held its General Shareholders Meeting (AGM), with the objective of voting on a €4.5M ($6M) increase in the club's capital, although it will first be reduced by €1.8M ($2.4M) to balance assets, according to Manu de Juan of AS. The meet ...

Tags: Franchises, Europe

06/13/13
Ukio Bankas To Keep Hearts Running

Ukio Bankas administator Gintaras Adomonis said he has "no reason or desire to harm" Scottish Premier League side Heart of Midlothian after a court in Lithuania upheld a decision to liquidate the bank, according to the Scotland DAILY RECORD. The company -- formerly controlled by ...

Tags: Franchises, United Kingdom

06/13/13
Wests Tigers Shareholder Drops Out

National Rugby League side Wests Tigers are "in shock after one of the club's stakeholders -- Wests Leagues Campbelltown -- sensationally pulled out of the joint venture," according to Dean Ritchie of the Sydney DAILY TELEGRAPH. Wests Leagues Campbelltown "has sent a letter to the Wests Tigers board ...

Tags: Franchises, Australia

06/12/13
Ex-Barca President To Seek '16 Election

Former Barcelona President Joan Laporta "aspires to return as Barcelona president," according to Ramon Besa of EL PAIS. Laporta feels "prepared, motivated and more excited every day" to run for election in '16, when current Barcelona President Sandro Rosell's term will end ( EL PAIS, 6/11 ). The ...

Tags: Europe, Franchises

06/12/13
Coventry To Stay At Ricoh Rent-Free

Ricoh Arena owners said on Tuesday that League One Coventry City "can stay at its Ricoh Arena home rent-free next season while the English third-tier club try to sort out their debts," according to Clare Fallon of REUTERS. The company said, "Arena Coventry Limited (ACL) has agreed to allow ...

Tags: Franchises, United Kingdom

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