November 11 Football Business Round-Up

EUROPE

Newcastle’s St James’ Park to be renamed

Newcastle United announced this week the end of 120 years of history by scrapping the St James’ Park stadium name, with owner Mike Ashley renaming the venue the Sport Direct Arena.

120 million watch Real early kick-off

Last weekend’s Real Madrid verses Osasuna match which kicked off at midday reportedly drew 120 million viewers on Chinese channel CCTV with another 100 million viewing on-line.

West Ham chairman casts doubt on Olympic Stadium plan

West Ham co-chairman David Gold admitted for the first time this week that the club may not move into the Olympic Stadium. The Hammers were awarded the stadium earlier this year only for the deal to collapse last month due to legal challenges by Tottenham and Leyton Orient, as well as an anonymous complaint to the European Commission.

Former Juventus general manager sent to jail

Luciano Moggi, the former Juventus general manager, has said that he will appeal against the five years and four months prison sentence handed down for his role in the 2006 Calciopoli match-fixing scandal. Moggi was sentenced this week for his part in the scandal that led to Juventus being stripped of the 2005 and 2006 Serie A titles and their relegation to Serie B.

Police investigate claims Spurs used surveillance on Olympic board

The Metropolitan police are investigating allegations that Tottenham Hotspur put the board of the Olympic Park Legacy Company (OPLC) under surveillance.

Crowds rise in Sweden

Attendances in the Swedish Allsvenskan Premier Division have grown by 12.5% during the 2011 season giving an average of 7,326 attendees per game.

Scottish FA to spend £60m on elite youth training programme

Led by Mark Wotte, the Scottish FA’s performance director, a £60m performance strategy is to de developed focusing on elite players at youth level with a view to monitoring their progression into the full international team.

Chelsea set to stadium sponsor

Chelsea are set to announce a naming rights sponsor for Stamford Bridge in the new year reports the BBC. Chief executive Ron Gourlay said: “We hope to make an announcement on naming rights in the next six to eight months. It would make a big step as we have to drive up the revenues.”

Barcelona president wants 16-club Spanish league

Barcelona President Sandro Rosell wants the Spanish league to be cut from 20 clubs to 16 and said the spending of wealthy foreign owners should be limited. Barcelona and Real Madrid, which dominate the league, also understand they must help their opponents through fairer television rights deals, Rosell said.

Hearts owner Vladimir Romanov considers sale

Hearts Owner Vladimir Romanov insists he will continue to back the SPL team but admits he is open to selling the club. “I now have to consider finding a partner or selling the club.” the Lithuanian-based businessman said. Former Hearts chairman George Foulkes believes that Romanov will only be able to sell the club if he writes off part of the club’s debt.

Russian businessman completes Bournemouth deal

Maxim Demin now co-owns Bournemouth, the club confirmed this week. Former directors Steve Sly and Jeff Mostyn agreed to sell their 50% share of the club to the 41-year-old petrochemicals trader and the Russian is now equal partner with Chairman Eddie Mitchell at Dean Court. BBC

AMERICAS

Garber talks of expansion possibilities

While MLS remains focused on an expansion franchise in New York City, the door remains open for other potential expansion locations. Don Garber recently met with the owners of Orlando City of the USL for discussions and Las Vegas and Detroit are other potential candidates.

Without stadium fix, United could leave D.C.

D.C. United’s lack of progress in finding a solution to their requirement for a new stadium or restructuring its unfavourable lease agreement at RFK Stadium means the team’s future in Washington, D.C. remains a doubt.

Cosmos still in the running

Don Garber this week confirmed that despite the change in ownership which saw Sela Sport of Saudi Arabia take control, the NY Cosmos were still considered as a possible future team for MLS expansion.

Costa Rican HQ raided

Costa Rican football’s governing body was this week raided by Tax Authority officials. Francisco Villalobos, the general director of Costa Rica’s Tax Administration, said the raid was due to Fedefútbol’s refusal to provide the Finance Ministry with accounting documentation concerning the March 29 match between Argentina and Costa Rica.

This information is brought to you with football business consultancy FMMInternational (http://www.fmminternational.com/).

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