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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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Wang Jianlin Linked To La Liga Valencia

Chinese business mogul Wang Jianlin has been "linked with a move to buy Valencia after his company sealed a youth development deal " with the La Liga club, according to Dermot Corrigan of ESPN. Wang was in Spain recently visiting Valencia and La Liga sides Atlético Madrid and Villarreal as h ...

Tags: Europe, Franchises

Hearts Manager Fears Takeover Collapse

Scottish Premiership side Heart of Midlothian Manager Gary Locke admitted that he "still fears the Gorgie club might not escape their administration hell," according to the PA. Hearts supporters group the Foundation of Hearts "is waiting on final permission from the club's Lithuanian owners to sign ...

Tags: Franchises, United Kingdom

Rangers Supporters To Help Dave King

Scottish League 1 side Rangers fans' chiefs on Tuesday night "promised to press ahead with plans to set up a season ticket fighting fund to help Dave King bring down the current regime," according to Keith Jackson of the Scotland DAILY RECORD. Umbrella group The Union of Fans released its latest sta ...

Tags: Franchises, United Kingdom

Japanese Club Releases Business Book

Japanese professional baseball team Yokohama DeNA BayStars is releasing an illustrated book of business ideas that it hopes will be applicable beyond sport. Entitled "Tsugi no Yakyu" (Next Baseball), the book will go on sale on Thursday for 1,300 yen ($12.80), and contains 143 ideas selected from mo ...

Tags: Franchises, Japan

Liga MX Querétaro Assured Of Administration

Liga MX side Querétaro said that Mexico's Attorney General (PGR) "confirmed that the club will go under administration," according to LA AFICION. Querétaro Owner Amado Yáñez's company, Oceanografia, is " facing a government investigation and has had its headquarters seiz ...

Tags: Franchises, North America

Judge Rejects Balmain's Receivership Bid

A New South Wales Supreme Court judge has "rejected an application" to have the Balmain Leagues Club, which bankrolls National Rugby League side Wests Tigers, "placed into receivership," according to Leo Shanahan of THE AUSTRALIAN. The matter will "return to court later next week with a hearing date ...

Tags: Australia, Franchises

Balmain Tigers Future In Balance

Rugby League club Balmain Tigers, the backer of one of Australian rugby league’s foundation clubs, "stands on the precipice of failure with property developers attempting to have it placed in receivership," according to Leo Shanahan of THE AUSTRALIAN. In a move "threatening the future viabilit ...

Tags: Franchises, Australia

Parramatta Ponders Privatization

National Rugby League club Parramatta CEO Scott Seward "has floated the prospect of privatising the club as yet another Eels annual general meeting was marred by boardroom bickering on Monday night," according to Adrian Proszenko of the SYDNEY MORNING HERALD. Constitutional reform "was a hot topic a ...

Tags: Franchises, Australia

Dresden To Take $13M Hit If Relegated

Second Bundesliga club Dynamo Dresden would take a €9.3M ($12.9M) "hit to its budget if the team gets relegated to the 3rd League," according to Jan Arndt of BILD. The club, which applied for a 2nd Bundesliga license for the upcoming season, "has also made plans for the thrid divison." Dresden ...

Tags: Franchises, Europe

Independiente's Strike Nears Conclusion

Argentine second division side Independiente Secretary General Claudio Ciancio said regarding the debt owed to the club's players, "We understand that the claim is legitimate, but we do not agree with the magnitude of the reprisal," according to OLE. Since Friday, the team's "employees have been on ...

Tags: Franchises, South America

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