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Renault To Invest More In Formula E, But Questions Future Role In F1

Published in SportsBusiness Daily Global on 06 / 30 / 15

Renault CEO Carlos Ghosn said that the manufacturer will "invest more in Formula E after a successful debut season for the world's first electric racing series," according to Alan Baldwin of REUTERS. Ghosn: "We are going to be bigger in Formula E. You are going to see us much more involved in Formul...

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05/22/15
Spanish Club Girona On Verge Of Sale

Spanish second division side Girona, which is "on the verge of securing promotion to La Liga for next season" but has a debt of €4.5M ($5M), "could change drastically in the coming days with the sale of the club" to Mediapro President Jaume Roures and Bayern Munich Manager Pep Guardiola's broth ...

Tags: Franchises, Europe

05/22/15
Rangers Chair Expects To Invest $30M

Dave King "expects to invest" more than £20M ($31.3M) of his own money in Scottish Championship side Rangers after reiterating that £30M ($47M) is required for the club to compete at the top level, according to the BBC. King, who will take over as chairman on Friday, has supplied &p ...

Tags: Franchises, United Kingdom

05/22/15
Franchise Notes

Scottish Premiership side Dundee United confirmed club Chair Stephen Thompson "has been in talks with the Newcastle Jets after the A-League club had its licence revoked." The club said that Thompson "was acting in his capacity as part of a consortium." The club said, "Dundee United is not involved i ...

Tags: Franchises

05/21/15
King Vows To Make Rangers Investment

Dave King arrived in Glasgow on Tuesday just one hour after the Scottish FA "rubber-stamped him as fit and proper to take over" as the next Scottish Championship side Rangers chairman, according to Keith Jackson of the Scotland DAILY RECORD. He "promised to make an immediate investment while al ...

Tags: Franchises, United Kingdom

05/21/15
Tinkler's Newcastle License Terminated

Nathan Tinkler's license to own A-League club Newcastle Jets "has been terminated," according to THE AUSTRALIAN. Tinkler had "earlier placed the club into voluntary administration" with debts of A$2.7M ($2.14M). Football Federation Australia said that it will "own and control" a new license to be is ...

Tags: Franchises, Australia

05/21/15
Franchise Notes

Brasileiro side Corinthians "finally was able to sell" R$100,000 ($33,000) worth of development incentive certificates (CID), a tax incentive program from the São Paulo city government that enabled the construction of the Arena Corinthians and its use during the 2014 World Cup. Brazilian cons ...

Tags: Franchises

05/20/15
Dave King Given 'Fit & Proper' SFA Status

Scottish Championship side Rangers Dir Dave King has been "passed as 'fit and proper'" by the Scottish FA, according to the Scotland DAILY RECORD. King's status was "confirmed in a statement from Hampden's sixth floor" on Tuesday after two months of discussions between the football authorities ...

Tags: Franchises, United Kingdom

05/20/15
Jets Owner Tinkler Must Raise $395,700

Nathan Tinkler "will have to find" more than A$500,000 ($395,700) by Wednesday or risk having his license to own A-League side Newcastle Jets revoked, according to Robert Dillon of the SYDNEY MORNING HERALD. Football Federation Australia gave a "formal notice on Tuesday afternoon, advising Tinkler ...

Tags: Franchises, Australia

05/20/15
Franchise Notes

League Championship side Bournemouth Chair Jeff Mostyn "defended the increase in season ticket prices for the club's first season in England's top flight." The club currently has 7,000 season-ticket holders. The average adult season ticket has risen from just under £600 ($930) to £687 ...

Tags: Franchises

05/19/15
Audi Rules Out Entry Into F1 Racing

Audi has no plans to enter F1, the company said on Monday, seeking to "end speculation that the sportscar maker was tempted to broaden its commitment to motor racing," according to Edward Taylor of REUTERS. An Audi spokesperson said, "This is not a topic for us." Audi CEO Rupert Stadler ha ...

Tags: Franchises, Europe

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