A-League side Brisbane Roar owner the Bakrie Group "rejected an offer" of more than A$10M ($7.8M) from a Russian consortium wanting to buy the three-time A-League champion, according to Marco Monteverde of the Brisbane COURIER-MAIL. Negotiations between the Bakries and the consortium, which is being represented by Sydney-based player agent Buddy Farah, "have been going on for three weeks." The consortium’s third, and "seemingly final offer" of A$10M-plus -- "in line with the market value of A-League clubs" -- was turned down on Saturday by the Bakries, who are "understood to want double that money to sell the Roar." Farah said, "I represent serious investors with big experience in football and business." It is "likely" the Russian investors will seek to inject their money into another A-League club after "again being turned away by the Roar." Farah reportedly spoke directly to Indonesia-based Roar Owner Nirwan Bakrie and had meetings with club Chair Rahim Soekasah (COURIER-MAIL, 10/21).
Former NBA All-Star Stephon Marbury will purchase the Beijing franchise of a "fledgling" American football arena league, the league announced. Marbury, who has played in the Chinese Basketball Association since '10, has already announced that the coming season "will be his last" in the CBA. The China Arena Football League said in a statement that Marbury, 40, "has agreed to take ownership of the team as the first step in a next-stage career" as a sports exec (AFP, 10/21).
Max Verstappen extended his Red Bull contract by a year to the end of the '20 season. The move "seems to end speculation" about the possibility of the 20-year-old Dutchman moving to Mercedes or Ferrari within the next couple of years. He said, "Red Bull has always shown their faith and belief in me." Verstappen's previous contract ran until the end of '19 "but had clauses that could have seen him leave at the end of next season, depending on certain circumstances which are not public" (BBC, 10/20).