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AC Milan's Proposed Sale To Chinese Investors Pushed To March 3

Published in SportsBusiness Daily Global on 12 / 08 / 16

Serie A side AC Milan has "put back the proposed sale of the club to a consortium of Chinese investors until March 3 with funds to complete the deal yet to arrive," according to Ben Gladwell of ESPN.com. The Sino Europe Sports group, heading the negotiations to buy the club from Silvio Berlusconi's ...

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Tags: Europe, Franchises

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12/23/15
Chelsea Had 'No Undue Influence'

The Dutch FA (KNVB) said that Chelsea and Eredivisie side said Vitesse Arnhem "have been cleared of having an improper relationship," according to Mark Gleeson of REUTERS. The independent probe established no undue influence by the Premier League champions over the Dutch club, to which it has " ...

Tags: Franchises, Europe

12/22/15
Renault Finalizes Purchase Of Lotus

Renault has completed its takeover of the Lotus Formula One team and "paid debts to creditors including the British tax authorities, the London High Court heard on Monday," according to Alan Baldwin of REUTERS. A lawyer for the French car company told the judge, Justice Birss, "We have a completion ...

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12/22/15
Mark Hammett Named Sunwolves Coach

New Zealander Mark Hammett "was confirmed as the inaugural coach of Japan's new Super Rugby team the Sunwolves on Monday," according to Nick Mulvenney of REUTERS. The former All Blacks player, who had four seasons in charge at the Wellington Hurricanes, "also revealed the Tokyo and Singapore-based t ...

Tags: Franchises, Japan

12/21/15
Bulldogs Want Place In Women's League

Australian Football League side Western Bulldogs "could feature in up to three women’s exhibition matches next season" as clubs jockey for a place in the inaugural national competition in '17, according to Eliza Sewell of the HERALD SUN. Bulldogs CEO David Stevenson "expected six to eight ...

Tags: Australia, Franchises

12/21/15
Ancelotti To Replace Guardiola At Bayern

Bayern Munich confirmed that Manager Pep Guardiola will leave the club at the end of the season, with Carlo Ancelotti "taking over at the Bundesliga champions," according to Howard Swains of the SUNDAY TIMES. Bayern won 1-0 against Hanover 96 on Saturday and "will head into the winter break wit ...

Tags: Franchises, Europe

12/21/15
Wanderers May Release Assets

League Championship side Bolton Wanderers is "exploring the possibility" of leasing its assets in a bid to "raise cash quickly," according to Jack Gaughan of the London DAILY MAIL. The struggling club is "in financial ruin and desperate to find new owners after long-term backer Eddie Davies wit ...

Tags: Franchises, United Kingdom

12/21/15
Franchise Notes

EPL side Aston Villa has "taken steps to ensure that relegation will not leave the club financially crippled." The measures "are thought to include contract clauses that will lead to pay cuts for players and staff" -- including CEO Tom Fox. The EPL's bottom club is "desperate to avoid the kind ...

Tags: Franchises

12/18/15
Aston Villa Set For Spending Spree

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Tags: Franchises, United Kingdom

12/18/15
American Investors Pay $149M For Stake

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Tags: Franchises, United Kingdom

12/18/15
ManU Plans Youth Overhaul

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