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National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

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Tags: Leagues and Governing Bodies, Australia

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10/16/13
Athletic Bilbao Highlights Debt Reduction

In a vote by team members a year ago, La Liga side Athletic Bilbao President Josu Urrutia "received favorable responses from 465 voters, compared to just 77 negative votes," according to Jon Zubieta of MUNDO DEPORTIVO. After presenting this year's budget , "459 voters indicated approval of Urrutia, ...

Tags: Europe, Franchises

10/15/13
Ford Extends Its V8 Supercars Contract

Ford will "stay in V8 Supercars for at least another year after ending long-running speculation on the eve of Sunday's Bathurst 1000 that it would pull out at the end of this season," according to Mark Fogarty of THE AGE. In an "unexpected announcement" at the Mount Panorama circuit, Ford Australia ...

Tags: Australia, Franchises

10/15/13
Rangers Annual General Meeting Delayed

Opposition shareholders of Scottish League 1 club Rangers "have succeeded in their bid to delay the club's annual general meeting," according to STV. The rebel group, including former oldco Dir Paul Murray and ex-Rangers Chair Malcolm Murray, "had their petition heard at the Court of Session on Mond ...

Tags: Franchises, United Kingdom

10/15/13
Franchise Notes

La Liga side Athletic Bilbao President Josu Urrutia on Monday announced the club's budget for the upcoming year. Changes to the team's roster have decreased spending from €43.1M a year ago to the current figure of €38.3M ($52M). Urrutia said that "Athletic will try to go forward with a bud ...

Tags: Franchises

10/14/13
Red Bull Looking To Buy Football Club

Red Bull wants "to buy a football club in England -- and ‘give it wings’ to make it big," according to Alan Nixon of the London MIRROR. The Austria-based energy drinks firm is "on the look-out for a suitable club," with Anglophile coach Ralf Rangnick, who is also the Sporting Dir of Red ...

Tags: Franchises, Europe, United Kingdom

10/14/13
Cardiff Owner Facing More Fan Backlash

After sparking controversy by changing the color of the team's kit, EPL side Cardiff City Owner Vincent Tan "could face more anger from fans by making contentious changes to his backroom staff on," according to the AP. Tan urged Cardiff supporters to "remain united in our support of the te ...

Tags: Franchises, United Kingdom

10/14/13
King Ready To Return To Rangers

Another "major boardroom upheaval is on the cards" at Scottish League 1 Rangers after Dave King announced Sunday that he is ready to return as club chairman after “very positive” talks with senior club officials in South Africa, according to Moira Gordon of the SCOTSMAN. King has settled ...

Tags: Franchises, United Kingdom

10/11/13
Hertha Berlin Must Pay Compensation

Bundesliga club Hertha BSC Berlin "has been ordered to pay former goaltender coach Christian Fiedler compensation" of €579,000 ($783,000), according to the DPA. The club said in a statement that "it will not seek additional legal action against the Berlin Labor Court's ruling." The compens ...

Tags: Franchises, Europe

10/11/13
Dave King Set For Rangers Return

Scottish League 1 Rangers Manager Ally McCoist "welcomed the move to bring exiled millionaire" Dave King back to Ibrox as chairman, according to David McCarthy of the Scotland DAILY RECORD. The Rangers boss hailed King’s return "as a masterstroke that can help steer the club back to the top." ...

Tags: Franchises, United Kingdom

10/10/13
Smaller F1 Teams Struggle With Costs

Sources said that they "fear Formula One is headed slowly but surely towards a series formed of manufacturer and customer teams," according to Tom Cary of the London TELEGRAPH. The news that "private equity firm CVC Capital Partners, Formula One’s largest single shareholder," took a $865M divi ...

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