Archive for the ‘Business’ Category

David Sullivan in the Running to Buy West Ham Utd … and other clubs

Filed under: Business, West Ham

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Former Birmingham City owner David Sullivan can take his pick of several prominent football clubs to buy, including West Ham United. The 60-year-old entrepreneur is in the market to move back into football after selling his stake in the Blues and, with so many clubs urgently seeking new investment, he has been inundated with offers.

Sullivan told ESPN Soccernet: “I have signed confidentiality agreements with a number of clubs, so I am not in a position to comment about any club I might wish to buy.” (more…)

Posted on Nov 18th, 2009 by  isps 

Didier Drogba to Build A Hospital in the Ivory Coast

Filed under: Business, Chelsea, Didier Drogba, Roman Abramovich, Social Issues

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In a remarkable show of charity, ferocious Chelsea striker Didier Drogba has pledged a £3million donation to build a hospital. Drogba is handing over the fee he will receive for becoming the new face of Pepsi. Chelsea, his employers, should have been entitled to a cut from his sponsorship fee as a result of an image rights clause in Drogba’s contract.

Sources close to the remarkable deal also claim there will be a further generous donation by Chelsea owner Roman Abramovich in a personal show of support for Drogba. (more…)

Posted on Nov 11th, 2009 by  isps 

Barcelona is Tradition Rich, but Cash Poor - Money Woes = Potential Robinho Deal is Loan Only

Filed under: Barcelona, Business, Manchester City, Politics, Robinho

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Barcelona have such limited cash funds that the Spanish giants can only afford to take Robinho on loan and have been forced to ditch their interest in Javier Mascherano, according to a source close to the club.

ESPN Soccernet have been told the facts behind why Robinho’s potential move from Manchester City has stalled, and will now not happen, and why Liverpool and Argentina star Mascherano will definitely not be heading the Camp Nou. Barca spent € 66 million and lost the services of Samuel Eto’o in signing Zlatan Ibrahimovic in the summer. (more…)

Posted on Nov 10th, 2009 by  isps 

US x Canadian Breakaway Soccer League, gets the Go-Ahead

Filed under: Business, Canada, USL

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Joey Saputo - Elected Chairman of the Board of Governors for the new league

The owners of the Atlanta Silverbacks, Carolina RailHawks, Miami FC, Minnesota Thunder, Montreal Impact and Vancouver Whitecaps FC, formerly of the United Soccer Leagues First Division (USL-1), together with St. Louis Soccer United announced that they have formed a new professional soccer league to play in the United States and Canada beginning in April 2010. (more…)

Posted on Nov 10th, 2009 by  isps 

Newcastle Fans Want to Buy Out Mike Ashley

Filed under: Business, Fans, Newcastle

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Newcastle fans have formally launched a campaign to buy the club as they look to raise funds from banks, businesses and fellow supporters.

Sportswear tycoon Mike Ashley recently took the club off the market - for the second time - after revealing he was prepared to part with the club for around £80 million. Ashley has faced repeated supporter demonstrations against his tenure, and last week incensed fans by changing the name of the club’s famous old ground to the sportsdirect.com@St James’ Park Stadium. (more…)

Posted on Nov 10th, 2009 by  isps 

Pearson Will Open 2nd Stint at Hull City With Transfer Probe

Filed under: Business, EPL, Hull City

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Hull City’s transfers over the last two years are to become the subject of an internal investigation at the KC Stadium

From Daily Mail:

Adam Pearson returns as chairman of the troubled club on Monday and his first objective will be to analyse all the deals that were authorised by Paul Duffen , whose term as chairman and chief executive ended on Wednesday amid serious concerns
over Hull’s financial crisis.

Pearson stepped down as chairman at Derby County on Wednesday night to go back to a club he rescued from administration in 2001 before then selling it for £12million in June 2007 to a consortium led by Duffen and financed by property tycoon Russell Bartlett.

When Pearson left Hull, who by then were in the Championship, there was around £1m in the bank and a relatively modest wage bill of £3.5m. Little more than two years later and Hull are saddled with debts of £27m and an astonishing wage bill of £40m — ranking them among the highest payers in the Barclays Premier League and leaving them facing financial meltdown if the season ends in relegation. (more…)

Posted on Oct 30th, 2009 by  isps 

Hull City Accountants Warn Club Over Finances

Filed under: Business, Hull City, Money

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Hull City Manager Phil Brown shouts instructions during the Barclays Premier League match between Hull City and Portsmouth at KC Stadium on October 24, 2009 in Hull, England.

Hull City’s accountants have warned that the club will need to raise £23 million in order to balance the books should they suffer relegation from the top flight this season. A report from accounts Deloitte, which was filed five months late, largely addresses the club’s finances from their promotion campaign in 2007-08 but also advises the Tigers as to how to manage their financial situation in the months ahead. (more…)

Posted on Oct 28th, 2009 by  isps 

Rio Ferdinand and Ashley Cole @ Dead Man Running UK Premier

Filed under: Business, Movies


Reformed ex-con Nick is given 24 hours to come up with $100,000 by notorious New York gangster and loan shark Mr Thigo. As a guarantee, Thigo’s men hold Nick’s wheelchair-bound mother hostage, leaving him no choice but to comply. Enlisting the help of his best mate, Bing, the boys embark on a frantic race against the clock. Their mission takes them from the dog tracks of East London to the underground drug scene of rural Manchester as they try every trick and scam in the book to get the cash before it’s too late.

Cole - married to X Factor judge Cheryl- said he never thought he would see his name on a film’s credits.

Ferdinand backed the film on the basis that work for disadvantaged children was generated through the project.

Trailer and move info after the jump …

(more…)

Posted on Oct 25th, 2009 by  isps 
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