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Volume 10 No. 25


AC Milan holding company Fininvest said that the club "is not for sale," according to Ben Gladwell of ESPN. Bloomberg reported on Wednesday that Lazard Ltd., which "recently brokered the sale of Inter Milan from Massimo Moratti to Erick Thohir, had been appointed by Milan to seek out potential investors." The club, valued by Forbes at $945M, is "reported to have given Lazard investment information to be passed on to interested parties." Fininvest "immediately denied the report." The official statement read, "Despite the numerous denials, rumours of a possible sale of Milan continue to circulate. Fininvest reaffirms once again that these rumours are totally unfounded" (ESPN, 3/6).

The CBR Brave "has emerged from the ashes of the Canberra Knights to continue the city's legacy in the Australian Ice Hockey League," according to Lee Gaskin of THE AGE. The Brave is ''90 per cent locked in'' to adopting traditional ACT colors navy blue and yellow and will play out of the Phillip Swimming and Ice Skating Centre "after receiving a provisional licence from the AIHL for this season." Brave officials believe "they can turn a profit this season following encouraging interest from sponsors," more than A$27,000 ($24,500) of donations and soon-to-be released memberships. Allinsure Dir Peter Chamberlain and ad agency Coordinate Owner-Dir Jamie Wilson "are in charge of running the club." Wilson said that the considerable public interest in reviving a Canberra men's ice hockey team since the demise of the Knights "had shown the city was capable of sustaining the Brave." Wilson: ''Clearly there's an appetite in Canberra for sport and for this team'' (THE AGE, 3/6).

Scottish League 1 Rangers investor Kieran Prior has "thrown his weight" behind former Rangers Dir Dave King's "Rangers revolution," according to Gary Ralston of the Scotland DAILY RECORD. Prior will meet King, "the South African tycoon," in London next week -- and "reckons other major shareholders are ready to back his agenda for change." The "former Goldman Sachs trader's support of King" comes as the ex-pat prepares to fly to the U.K., "vowing he will not leave until he comes up with a 'definite game plan' for the future of the Ibrox club." Prior owns around 2.5% of the club and has invested £1M in the last 12 months. He is "keen to invest more and is willing to take a financial hit on his existing shareholding if it helps the club back on its feet" (DAILY RECORD, 3/6).

Spanish second division side Real Zaragoza Dir General Jesús García-Pitarch announced his "interest in buying a majority share of the club, which is currently in the hands of majority shareholder Agapito Iglesias," according to Pedro Luis Ferrer of AS. García-Pitarch "assured that Iglesias is aware of his interest, but has not yet given an answer." García-Pitarch said, "In recent weeks, I have dared to express my interest and that of other local businessmen in buying the shares. He has not yet responded, but we know that he is willing to sell. We want a project to move Real Zaragoza forward. What I am doing is building a bridge so that the social crisis affecting the club athletically and financially will end" (AS, 3/6).