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Executive Transactions

Published in SportsBusiness Daily Global on 11 / 26 / 14

The Greek Super League elected Asteras Tripolis President GIORGOS BOROVILOS as president on Monday "after he secured 13 votes out of the 16 teams in the league," with Panthrakikos President DIMITRIS TZELEPIS elected as his deputy ( REUTERS, 11/25 ). ... The NBA announced that JAN MENNEKEN h...

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11/14/13
Rangers: Police Probing Green Signature

Police "are investigating" whether "disgraced" Scottish League 1 Rangers Owner Craig Whyte "forged" former Owner Charles Green’s signature in the club's takeover, according to Mark McGivern of the Scotland DAILY RECORD. The club denied Whyte "still had links to the club" but "confirmed a probe ...

Tags: Franchises, United Kingdom

11/14/13
Collection Claim Against Sauber F1 Team

The electric utility company of the Swiss Canton of Zürich (EKZ) "filed a collection claim against F1 team Sauber in mid-October," according to Jean-Francois Tanda of the HANDELSZEITUNG. The claim over an amount of 53,848 Swiss francs ($58,800) "is for unpaid electricity bills." The EKZ said th ...

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11/13/13
Hull City Announces $44M Loss

EPL Hull City is expected to announce this week that the club "made a loss in its promotion year to the Premier League" of £27.8M ($44.2M), according to David Conn of the London GUARDIAN. The figure "principally financed" Manager Steve Bruce's signings and an increased wage bill in the 12 mont ...

Tags: Franchises, United Kingdom

11/13/13
Police Investigating Whyte Links At Ibrox

Police "are investigating" whether former Scottish League 1 Rangers Owner Craig Whyte "is still involved" with the club, according to Alasdair Lamont of the BBC. When the Scottish FA transferred the liquidated company's membership to a new company, "the key requirement" was the total lack of involve ...

Tags: Franchises, United Kingdom

11/13/13
Exec Confirms Sale Of Mexican Club

Mexican second division side Nexaca President Felix Aguirre "confirmed speculation and indicated that the club is in negotiations to sell the team," according to Rubén Guerrero of LA AFICION. Aguirre: "The team is in the process of being sold. This is not a rumor, it is a fact. We are waiting ...

Tags: Franchises, North America

11/12/13
Volvo Considers Adding More Cars To V8

Volvo said that "it is already considering adding more cars to the V8 Supercars field as early as 2015," according to the AAP. The Swedish manufacturer "is set to join the category next season under the banner Volvo Polestar Racing, in partnership with existing outfit Garry Rogers Motorsport." The t ...

Tags: Franchises, Australia

11/12/13
Canberra Could Become Richest Baseball

The Canberra Cavalry "could become the richest club in the Australian Baseball League if they can win the Asia Series in Taiwan" to claim the A$500,000 ($468,000) prizemoney, according to David Polkinghorne of the CANBERRA TIMES. Cavalry GM Thom Carter said that "they would be massive underdogs, up ...

Tags: Franchises, Australia

11/12/13
PSG Aims To Be World's Richest Club

Ligue 1 side Paris St. Germain "is targeting the status of the richest football club in the world" by the '16-17 season, according to Arnaud Hermant of LE PARISIEN. A confidential document written for PSG President Nasser Al-Khelaifi outlines the club's "plans to reach a budget" of €540M ( ...

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11/11/13
Rangers Manager Approves Of New Chair

Scottish League 1 Rangers Manager Ally McCoist is confident new Rangers Chair David Somers "knows what he has got himself into after a constructive first meeting yesterday," according to Euan McLean of the Scotland DAILY RECORD. McCoist came "face to face with the new Ibrox figurehead whose controve ...

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11/08/13
Nissan's V8 Return Season $5M Waste

Nissan has written off its debut V8 Supercars season as a A$5M ($4.7M) "waste with a botched aerodynamics test" ruining its history-making year, according to James Phelps of the Sydney DAILY TELEGRAPH. The powerful Japanese manufacturer "has demanded a new test on their aerodynamics package with dri ...

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