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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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05/06/13
Hearts Report Loss, Ready For Relegation

A Lithuanian court began bankruptcy proceedings against the bank of Scottish Premier League Heart of Midlothian Owner Vladimir Romanov -- Ukio Bankas AB -- "at the request of the central bank, which shut the Kaunas-based lender in February because of risky loans to related parties," according to Bry ...

Tags: Franchises, United Kingdom

05/06/13
ManU Fans Rage At 3D Seat Switching

ManU fans have "slammed" a move by the club "to evict season ticket holders from their seats to make way for Sky TV’s new 3D cameras next season," according to Mike Keegan of the MANCHESTER EVENING NEWS. At Old Trafford, around 60 season ticket holders in the Stretford End and East Stand lower ...

Tags: Franchises, United Kingdom

05/06/13
Alí Syed To Relinquish Ownership

Current Spanish second division club Racing Santander Owner Alí Syed has agreed to give up 99.89% of his shares of the club, which will facilitate a change of ownership and allow the organization to launch an increase of capital, according to the EFE. Syed, whose ownership will be reduced to ...

Tags: Europe, Franchises

05/06/13
Coventry City Looking For New Stadium

League One side Coventry City "has begun looking for a new stadium for its home games next season after a dispute with the owners of its current ground," according to Bob Bensch of BLOOMBERG. Coventry "is in disagreement with Arena Coventry Ltd., owners of the Ricoh Arena, over unpaid rent and game- ...

Tags: Franchises, United Kingdom

05/03/13
Newcastle Could Face Financial Trouble

EPL Newcastle United has "not made provisions for relegation in all of the contracts" it gave to the players who arrived at St. James' Park in January, according to Martin Hardy of the London INDEPENDENT. The club "did not insert relegation clauses into all of the five deals that were given to the F ...

Tags: Franchises, United Kingdom

05/03/13
Aldershot Town Goes Into Administration

League Two side Aldershot Town has "been placed in administration just five days after being relegated from the Football League," according to the PA. After successive non-league promotions, Town returned to the Football League in '08 but its "five-year stay came to an end last weekend" as the club ...

Tags: Franchises, United Kingdom

05/03/13
Franchise Notes

National Rugby League CEO Dave Smith said that South Sydney’s record-breaking membership culture was laying the platform for a new era of crowd growth in Rugby League. In congratulating the Rabbitohs for becoming the first Sydney club to achieve 25,000 members, Smith highlighted the importance ...

Tags: Franchises

05/02/13
Analyst: Time Right For Hearts Bidders

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Tags: Franchises, United Kingdom

05/02/13
Aldershot Fails To Pay Players For April

League Two side Aldershot Town has "failed to pay players their wages for April," according to the BBC. Directors of the club, which was relegated from League Two last weekend, "held an emergency meeting on Tuesday to discuss the financial position." Chair Shahid Azeem said that "the situation ...

Tags: Franchises, United Kingdom

05/02/13
A-Leauge Club Rejects Takeover Bid

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Tags: Franchises, Australia

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