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Glazer Family To Raise More Than $150M By Selling 8 Million Manchester United Shares

Published in SportsBusiness Daily Global on 07 / 31 / 14

The Glazer family is selling about 5% of its holding in ManU, "taking advantage of the club’s rising share price" on the back of its £750M ($1.2B) kit supply deal with adidas, according to Roger Blitz of the FINANCIAL TIMES. ManU "will begin a roadshow next week" offering 8 million Class...

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Olympic Notes

Sochi 2014 Olympic Torch Relay presenting partner Coca-Cola has begun the process of selecting 2,014 torchbearers for the relay, which begins on Oct. 7. The beverage company held a week-long exhibition in Moscow on Thursday to launch the Nomination Campaign. It is also hosting a 13-city tour of Russ ...

Tags: Olympics

Istanbul 2020 Unveils $20M Sponsor Deal

Istanbul 2020 announced that seven of Turkey’s largest companies will unite to sponsor the nation’s bid to host its first Olympic and Paralympic Games in a series of deals worth more than $20M. The deal was signed following a private dinner hosted in Istanbul by Turkey Minister of Youth ...

Tags: Olympics, Europe

Olympic Tickets Cost British Gov't $1.9M

The British government spent nearly £1.2M ($1.9M) of taxpayers' money on tickets for last summer's Olympic and Paralympic Games, so "ministers and civil servants could watch for free," according to Lucy Crossley of the London DAILY MAIL. Coalition ministers "were given access to events" includ ...

Tags: Olympics, United Kingdom

British Volleyball On The Brink

British sports organizations cut from funding "will be given only a few minutes to make their case" when they appeal to UK Sport this month, according to Sue Mott of the SUNDAY TIMES. Unless "hard-line decisions are reversed or amended, the Olympic careers of 35 volleyball players will be over." Wit ...

Tags: Olympics, United Kingdom

Rio's Hotels Clean Up For Games

With next year's World Cup and the 2016 Olympic Games arriving in Rio de Janeiro, local officials are "scrambling to solve a chronic hotel bed shortage" so severe that during a UN conference there last year, the mayor had to "appeal to residents to open their apartments to visitors," according to Je ...

Tags: Olympics, Brazil

IOA Suspension To Be Over In Two Months

Claiming that the Indian Olympic Association "had done nothing wrong in the election process" President Abhay Singh Chautala said that the issue of the national body’s suspension by the IOC is "likely to be resolved in two months," according to the PTI. Chautala said, "IOA was not responsible ...

Tags: Olympics, India

IOC Strips Armstrong Of Bronze Medal

Lance Armstrong "was stripped of his 2000 Olympic Games cycling time trial Bronze Medal" by the IOC on Thursday, "continuing the once dominant American rider's spectacular fall from grace after a doping storm," according to Karolos Grohmann of REUTERS. The 2000 Bronze Medal was the only Olympic meda ...

Tags: Olympics

IOC Calls Meeting With POA, PSB

The IOC has summoned a meeting of representatives of the Pakistan Olympic Association and Pakistan Sports Board on Feb. 15 in Switzerland to discuss the "ongoing tussle between the two institutions and the present scenario of sports in Pakistan," according to PAKISTAN TODAY. POA President Syed Arif ...

Tags: Olympics, Middle East

Olympics Notes

Coca-Cola has opened an exhibit in Moscow called History & Future of Olympic Torch Relay with Coke dedicated to the start of the Nomination Campaign of Sochi 2014 Olympic Torch Relay. The exhibition opened Thursday and will close Jan. 24. The featured exhibits are the symbols of past Olympic Tor ...

Tags: Olympics

Olympics Could Drop Cycling

Cycling could be dropped from the Olympics if Lance Armstrong reveals the sport's governing body covered up widespread doping, according to Nick Hoult of the London TELEGRAPH. Dick Pound, former head of the World Anti-Doping Agency and current member of the IOC, said that "drastic action would have ...

Tags: Olympics

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