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Financially Struggling Handball Bundesliga Side HSV Hamburg Pays Outstanding Salaries

04 / 24 / 14

The players and head coach Martin Schwalb of financially struggling Handball Bundesliga (HBL) club HSV Hamburg "finally received their March salaries on Tuesday, 17 days behind schedule," according to SPIEGEL ONLINE. It has been reported that club patron Andreas Rudolph "provided the money in advanc...

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Tags: Franchises, Europe

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05/22/13
Valencia VP Details Plans To Improve Club

La Liga Valencia Athletic VP Amadeo Salvo outlined his "Gloval" project for the future of the club, which he hopes to make "respected in the world," according to Javier Pérez of EL PAIS. For Salvo, the club should have a mindset of a "championship mentality," and he particularly wants to infl ...

Tags: Franchises, Europe

05/21/13
Emotional Swing For Relegated Wigan

EPL Wigan Athletic "stunned" the football world by winning the FA Cup final against Man City on May 11, capturing the club’s first major trophy in its 81-year existence, according to Sam Borden of the N.Y. TIMES. Men "wept" and children "shrieked." Just 72 hours after its shocker at Wembley, t ...

Tags: United Kingdom, Franchises

05/21/13
BMW Denies Comeback Claims By Ecclestone

F1 CEO Bernie Ecclestone said that "he expects BMW to follow Honda in making a return to Formula One," according to ESPN. Ecclestone said he thinks the timing "makes sense" for BMW to return. Ecclestone: "I would be surprised if we don't see BMW again. I think they could come in. The amount of money ...

Tags: Franchises, Europe

05/21/13
Duisburg Threatend With Bankruptcy

Second Bundesliga club MSV Duisburg "has agreed to change its club constitution in order to ease its troubling financial situation," according to the DPA. Five months after Duisburg "was able to avoid a financial collapse, the club is again threatened with bankruptcy." MSV Duisburg Managing Dir Rola ...

Tags: Franchises, Europe

05/21/13
SPL Board Rules No Relegation For Hearts

Scottish Premier League Heart of Midlothian "will not be relegated from Scotland's top flight" despite the club's parent company requesting to be declared insolvent, according to Angus Howarth of the SCOTSMAN. The SPL board met Monday at Hampden to discuss the financial status of Ukio Banko Investic ...

Tags: Franchises

05/20/13
Tape Reveals Rangers Murray Sacking

A "dramatic" tape has emerged of Scottish Third Division Rangers Chair Malcolm Murray "being sacked" by former CEO Charles Green’s right-hand man, according to Chris Musson of the SCOTTISH SUN. In the recording, Commercial Dir Imran Ahmad accuses Murray "of improper conduct," and says: "You st ...

Tags: Franchises, United Kingdom

05/17/13
American Buyer Makes Move On Coventry

American multi-millionaire Preston Haskell IV has "made his move to buy" League One Coventry City Football Club and half the Ricoh Arena, according to Andy Turner of the COVENTRY TELEGRAPH. The bids were turned in on Haskell's behalf by suspended Sky Blues President Joe Elliott and former Vice Chair ...

Tags: Franchises, United Kingdom

05/17/13
Hearts Play Down SPL Finance Scrutiny

Scottish Premier League Heart of Midlothian "responded calmly to renewed scrutiny" of its finances from other SPL clubs, along with suggestions that it "may have been in breach of league rules, by stressing the Tynecastle club is neither owned nor operated by Ukio Bankas, the bank that has collapsed ...

Tags: Franchises, United Kingdom

05/17/13
Honda Is New McLaren Engine Supplier

Honda Thursday announced its decision to participate in the FIA F1 World Championship from the '15 season under a joint project with McLaren. Honda will be in charge of the development, manufacture and supply of the power unit, including the engine and energy recovery system, while McLaren w ...

Tags: Franchises

05/17/13
Rangers To Hold Extraordinary Meeting

Scottish Third Division Rangers have confirmed that "they have received a request to hold an extraordinary general meeting designed to oust" Chair Malcolm Murray, according to the Scotland DAILY RECORD. Rangers "had been issued with a letter from shareholders asking for a vote to remove" Murray and ...

Tags: Franchises, United Kingdom

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