Featured Story

Kontinental Hockey League Confirms Chinese Club Kunlun Red Star Will Join League

Published in SportsBusiness Daily Global on 06 / 27 / 16

The Russia-based Kontinental Hockey League has "confirmed that it will add a Chinese club next season as it competes against the NHL in Asian markets," according to the AP. Kunlun Red Star has been approved by the KHL board "to join the league and now faces a rush to get ready for the start of play ...

Read More

Tags: Franchises, China, Russia

More Stories

06/16/15
Deadline To Buy Parma Extended

The deadline to buy Italian club Parma has been extended to "allow more time for two interested groups to seal a deal," according to FOOTBALL ITALIA. There have been two declarations of interest in the club, with a sporting debt of more than €20M ($22.6M) needing to be paid by the end of the mo ...

Tags: Europe, Franchises

06/16/15
Franchise Notes

Real Madrid congratulated Barcelona on its Champions League triumph, but "made the Catalan club pay to read the reluctant 'well done' message." Officials at the Camp Nou were reportedly "stunned when they received a letter from their great rivals" but had to foot the €23.98 ($27.07) for postage ...

Tags: Franchises

06/15/15
Two Groups Cleared For Parma Talks

Two parties "have been cleared for talks to take over" bankrupt Italian football club Parma, according to the AP. One party is reportedly led by former Major League Baseball player Mike Piazza and the other by local businessman Giuseppe Corrado, who runs a national cinema chain. A statement on Parma ...

Tags: Franchises, Europe

06/15/15
Franchise Notes

Sky increased its shareholding in Team Sky. It also increased shareholding in Tour Racing Limited as a "consequence of transfer" to Sky of a 25% shareholding from 21st Century Fox. Following the transaction, Sky will "own 85% of Team Sky with 21CF retaining a 15% stake" ( REUTERS, 6/12 ) ...

Tags: Franchises

06/12/15
Cologne Sports Clubs Talk Merger

German fourth-tier basketball club Rheinstars Cologne "has held talks with FC Cologne about being incorporated into the main club of the football Bundesliga side," according to Henning Eberhardt of SPONSORs. FC Cologne President Werner Spinner: "It is correct that we've held initial talks. However, ...

Tags: Franchises, Europe

06/12/15
Pellegrini To Stay With Man City

Man City Chair Khaldoon Al Mubarak said that Manuel Pellegrini will stay on as Man City manager and lead a "huge" transfer window as the team undergoes "a revamp after a disappointing season," according to Mike Keegan of the London DAILY MAIL. The Chilean's future "had been subject to speculation" ...

Tags: Franchises, United Kingdom

06/12/15
Cinema Tycoon Confirms Interest In Parma

Cinema tycoon Giuseppe Corrado has confirmed his intention to buy Parma -- "the primary objective is to stop the club going down to Serie D," according to FOOTBALL ITALIA. A consortium headed by Corrado released a statement "announcing that it will enter negotiations for a sale." Several auctions "f ...

Tags: Franchises, Europe

06/12/15
Sports Direct Obtains Injunction

Retailer Sports Direct has "won an injunction" against Scottish Championship side Rangers to "prevent confidential information being revealed" at an EGM planned for Friday, according to STV. The injunction was obtained at the Chancery Division of London's High Court after Sports Direct complained th ...

Tags: Franchises, United Kingdom

06/11/15
Atlético President Vows To Improve Roster

Atlético Madrid President Enrique Cerezo has stated that the club will "look to make some major signings this summer if no transfer ban is forthcoming," according to MARCA. Cerezo was "also asked about his expectations for the coming season," after coach Diego Simeone claimed that La Liga wil ...

Tags: Franchises, Europe

06/11/15
U.S.-Based Cerberus Eyeing Espanyol

A sale of La Liga side Espanyol "could be a matter of days," according to Iván Molero of AS. U.S. investment firm Cerberus Capital Management reportedly "appears to be the buyer of the shares owned by Espanyol majority shareholders Dani Sánchez Llibre and Ramon Condal." This is "not th ...

Tags: Europe, Franchises

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug