DAMAC Properties to Develop New Trump Golf Course in Dubai

DAMAC Properties, malady the largest private developer of luxury real estate in the Middle East, has announced plans to develop an 18-hole PGA Championship Golf Course, to be named Trump International Golf Club, Dubai.

The 7,205-yard, par 71 course will be located just ten minutes from Sheikh Zayed Road and sits at the heart of the 28 million square foot‘Akoya by DAMAC’ master plan development – the launch of which was announced last week. Construction is already underway and the course will be ready for play next year.

Trump International Golf Club, Dubai will include a 30,000 square foot state-of-the-art club house and a luxurious Trump Spa & wellness centre, which will be managed to the highest standards by the Trump Organization.

“By collaborating with Donald Trump, we are bringing the most elite name in golf and international luxury real estate to Dubai,” said Hussein Sajwani, Chairman, DAMAC Properties. “This course will provide a unique challenge for golfers, while delivering the upmost luxury and refinement for which both DAMAC Properties and the Trump Organization have become renowned for.”

The Trump Organization already has 14 award winning courses under its ownership and management across the world, but this will be its first venture into Asia. The company’s latest course, Trump International Golf Links in Aberdeenshire, Scotland, has already been tagged as one of ‘The World’s Greatest Golf Courses’.

“We are thrilled to be expanding our portfolio of award-winning courses into Dubai with DAMAC Properties. Dubai is an incredible city that truly understands the meaning of luxury. Trump International Golf Club, Dubai will be built to world-class levels, exceeding all expectations – there will be nothing like it in the region and beyond,” said Donald J. Trump, Chairman & President of The Trump Organization.

Silverstone Reveals Plan to Reduce Travel Chaos for 2013 British Grand Prix

Silverstone, home to the Formula One British Grand Prix has revealed it has planned to introduce improvements to its traffic management scheme and infrastructure in a bid to avoid a repeat of the travel chaos caused by heavy rain at this year’s GP.

A period of persistent wet weather in the build-up to July’s showpiece event, and throughout the opening two days of the meeting, caused campsites and grass car parks to become waterlogged, while surrounding roads became gridlocked.

This led to the unprecedented step of advising ticket holders with passes for the car parks to stay away from Saturday’s qualifying day so organisers could repair the ground in preparation for arrivals on race day.

Silverstone had promised to roll out improvements for 2013 and on Tuesday announced the changes that will be put in place for next summer’s event.

The Park and Ride scheme will be expanded and for the first time run over all three days of the grand prix weekend, shuttle services from local train stations will also be increased while investment will also be made in improving the venue’s non-tarmacked car parks.

Silverstone’s official Woodlands campsite will also be increased by 70 acres in order to provide a better fan experience and a holding area for cars away from the main roads.

Richard Phillips, Silverstone Circuits Managing Director, said: “For more than 10 years now, fans have had little or no issue getting in and out of the circuit for the British Grand Prix, so it’s important to keep the problems of this year in perspective.

“That said, the traffic issues on the Friday of this year’s event, and having to ask a number of fans to stay away on the Saturday, were far from ideal. We have learned from this year’s experience and are taking steps to ensure we’re better equipped to deal with whatever the weather may throw at us in future.”

Although 10,000 ticket holders didn’t attend on the Friday and Saturday – which Silverstone has now confirmed cost the venue £1 million in refund claims – a record crowd still turned up on race day and Phillips is confident the full three days will run more smoothly in 2013.

“Given the extreme weather conditions and position we found ourselves in on the Friday, I don’t think race day could have gone much better,” said Phillips.

“The sun shone, we had a great race and I’m delighted that we were able to get more than 127,000 people in and out of the circuit safely.

“We are confident that we won’t see a repeat of the events of this year. Tickets for next year’s British Grand Prix are selling reasonably well and we’re already looking forward to what will be a fantastic three days of world class F1 action and entertainment.”

NBA Approves Robert Pera’s Bid to Buy Memphis Grizzlies

The NBA Board of Governors has approved Robert Pera’s bid to own the Memphis Grizzlies.

The league’s Board of Governors voted unanimously Thursday to approve Pera’s group during its meeting at the St. Regis Hotel in Midtown Manhattan, ambulance league spokesmen said.

“We are delighted that the NBA’s Board of Governors has approved Robert Pera’s purchase of the Grizzlies,” said NBA Commissioner David Stern in a statement. “Robert will no doubt bring great energy and passion to the franchise. He has assembled an ownership group with very strong local ties, and we anticipate that their commitment to the Memphis area will greatly benefit both the team and the community.”

The board is made up of the 30 controlling owners of each team. A three-fourths vote was required to admit Pera to the small circle of majority owners.

Pera must still close the deal with current owner Michael Heisley, a process that could take a few days. But the NBA’s approval, which comes after a months-long vetting process, was viewed as the most significant hurdle for Pera’s bid.

Pera’s representatives have said he will not speak until after he closes the deal with Heisley.

Pera agreed on June 11 to buy the team from Heisley for what’s believed to be $350 million. He recruited a wide range of investors to join his bid, including local businessmen such as AutoZone founder J.R. “Pitt” Hyde, investor Staley Cates, financier Duncan Williams, investor Edward Dobbs and cell phone tower mogul Billy Orgel. Performer Justin Timberlake, who has Shelby County roots; Memphis native Ashley Manning and her husband Peyton Manning, the NFL and former University of Tennessee quarterback; Tiger basketball legends Penny Hardaway and Elliot Perry; and former Congressman Harold Ford Jr. are also part of Pera’s ownership group. Steve Kaplan, a Los Angeles-based investor, has also joined Pera’s group.

Pera is the founder of San Jose, Calif.-based Ubiquiti Networks, which develops wireless Internet technology. 

Former PCB Chairman Believes BCCI Owes Pakistan Financial Compensation

Pakistan Cricket Board (PCB) former Chairman, health Ijaz Butt believes Pakistan should ask the Board of Cricket Control in India (BCCI) to compensate it financially for the cancelled series in 2009.

Butt said: “It is a good thing that finally the Board of Control for Cricket in India has invited Pakistan to play a short series this year in India. But my concern is, online the PCB needs to gain something more out of the series than the resumption of ties.”

The PCB has already accepted the invitation from the BCCI to tour India in December to play three-match One-Day International series and two Twenty20 matches.

A PCB spokesperson said that Pakistan would not discuss “sharing of revenue generation for the series as its only interest was to see bilateral cricket ties revived.”{jcomments on}

Minnesota Viking’s Get Stadium Approval from Senate

NFL team Minnesota Vikings, buy will stay in Minnesota following the Senate approving a bill Thursday that will provide $498 million in public money for the construction of a new stadium on the site of the Metrodome.

The bill was expected to be signed by Gov. Mark Dayton, cialis the bill’s most fervent champion. The stadium is expected to be ready for the 2016 season.

The Vikings agreed to increase their contribution for building costs by $50 million to $477 million. The $975 million price tag is for a fixed roof stadium. If the team decides to choose a more expensive retractable roof, it will pick up the additional cost. The state’s share of the stadium contribution — about $348 million — will come from expanded gambling options. An additional $150 million will come from a Minneapolis hospitality tax.

The Vikings’ lease at the Metrodome ended in January and only a few weeks ago, the stadium plan seemed in peril because of significant resistance to the public contribution at a time of shrinking state budgets.

The Vikings are the second N.F.L. team this year to receive approval for a new stadium. The San Francisco 49ers broke ground in April on a stadium in Santa Clara that they expect to be ready for the 2014 season.

With the Vikings staying put, the focus will shift to other teams that might move if Los Angeles settles on a stadium plan, although that does not seem imminent. The St. Louis Rams, the San Diego Chargers and the Oakland Raiders have problematic stadium issues and could be candidates. The Jaguars are also a possibility, but the new owner, Shad Khan, has said he is committed to Jacksonville.

Birmingham City Owner Not Allowed to Return to England

Carson Yeung, the Birmingham City soccer club owner’s attempt to leave Honk Kong for the UK was blocked by a magistrate in the Chinese City

David Dufton, Acting Principal Magistrate, told Yeung today to apply to a higher court to change the terms of his bail and transferred the case to Hong Kong’s District Court. A hearing date was scheduled for Aug. 30.

Yeung, 51, was charged with five counts of money laundering involving HK$721.3 million ($93 million). He was told to surrender his travel documents as part of the conditions of bail that was granted June 30.

Yeung is needed in the UK as it is a busy time for player transfers and at the moment Birmingham City are losing out.

Yeung was released in June after posting over $500,000 in cash and just under $400,000 in cash guarantees. Each charge he faces is punishable by up to 14 years in jail and a fine of as much as $650,000.

Shares were suspended at Birmingham City by June 30.

Birmingham was relegated from the Premier League last season, three months after winning the League Cup, its first major trophy in 48 years.

Yeung bought Birmingham City for a fee of $131.5 million in October 2009.


 

World Cricket Business Forum coming to Kensington

The world of brand, suppliers, cricket boards and agencies will arrive in Kensington in 5 weeks.

The World Cricket Business Forum will bring them all together in London in September, and will be hosted by the Informa Sports Group.

The World Cricket Business Forum’s main aim is to discuss the key issues in Cricket and the use the opportunity to debate a wide range of topics where the whole of the Cricket industry convenes under one roof.

A selection of businesses that will be attending include the Head of Brand Management at LG Electronics, Head of Business Development at Twitter, Sponsorship Manager at Hero Honda, Director of WSM Communications representing Brit Insurance, Global Sales Manager, European Broadcasting Union, Vice President of Digital Media at ESPN International, Sponsorship Manager at Castrol and Global Brand Director of Cockspur Rum at West Indies Run Distillery amongst others.

The forum is fully endorsed by the International Cricket Council (ICC) will feature many senior representatives from the World of Cricket.


Participants include Chief Executives of the International Cricket Council, Cricket Australia, England and Wales Cricket Board, The Cricket Foundation, Cricket Netherlands, Afghanistan Cricket Board, FICA, Professional Cricketer’s Association as well as Commercial Director of the Rugby Football League, Vice President of International Media Distribution from the National Basketball Association, Chief Administrative Officer from the BCCI, President of the Sierra Leone Cricket Association, Honorary Secretary of Sri Lanka Cricket, Executive Member of Trinidad & Tobago Cricket Board, Chairman, Anti-Corruption & Security Unit from the International Cricket Council, Manager of Cricket Operations at the UAE Emirates Cricket Board, Commercial Manager from Essex CCC, Chief Executive of Worcestershire CCC, Chairman of Durham CCC.

The event is listed in iSportconnect’s event section, which can be found here: http://isportconnect.com/index.php?option=com_community&view=events&task=viewevent&eventid=20&Itemid=77

RNZ Confident of Rugby WC Sales Despite Christchurch Refunds

Rugby New Zealand (RNZ) chief Martin Snedden has claimed that the ticket sales for this year’s World Cup in the nation are still on track despite refunds being handed out for games due to be staged in Christchurch after the venue was pulled from the schedule due to the tragic earthquake earlier in the year.

Prior to the refunds RNZ 2011 had sold a total of 919,000 tickets worth NZD189m (70 per cent of the overall sales target of NZD268m), a similar position at the same point in time for the previous Rugby World Cups in France and Australia.

Following the cancellation of ticket sales for the eight relocated matches, and the full refund to those affected ticket purchasers, the sales equation now stands at 790,000 ticket sold, such sales being worth NZD169m in total.

Snedden stated: “Pre-Christchurch, ticket sales were exactly where we expected them to be. The transfer of matches so close to kick-off is unprecedented for any major event and has created significant additional challenges, but we remain confident that we should be able to recoup the bulk of the refunded sales within the next two months or so.

“In addition, RNZ 2011 has the appropriate insurance arrangements in place for this type of incident.”

Included in the current sales figures are 105,000 tickets so far committed to through the RWC 2011 Official Travel Agency (OTA) programme. This is up from the 70,000 tickets originally committed to by that programme and already outstrips the RWC 2003 total OTA sales of 85,000.

Snedden added: “Total OTA sales to date have been excellent and we remain hopeful that more sales within this programme will occur between now and tournament time. Overall, we still remain confident that, by Tournament-end, we will achieve our sales target of NZD268m and 1.35m tickets.”

Meanwhile, rugby fans from around the world will soon receive their tickets for Rugby World Cup 2011 matches. The tickets have a uniquely New Zealand design and feature the Tournament’s mangopare and koru designs which represent the world coming together in union for Rugby’s greatest contest.

Rugby World Cup Limited (RWCL) Chairman Bernard Lapasset said: “This is a moment that truly brings Rugby World Cup 2011 to life for fans in New Zealand and around the world.

“As we draw nearer to the 100 days to go milestone, there is no doubt that Rugby World Cup 2011 will be a successful tournament. All partners are committed to delivering an outstanding event – a tournament that New Zealanders and the global Rugby family will be proud of.”

Real Madrid Sign Binbit Technology Partnership

Mobile entertainment services company Binbit has announced a content agreement with reigning Champions League winners Real Madrid for the exclusivity in the distribution for smartphones and other mobile devices in various regions of the world.
“The agreement and global reach of the company with more than 90 mobile carriers around the world, sale has been the key to increase the number of agreements with high value brands, in addition the company strives to diversify its services”, added Antoni Muntaner, president of Binbit.

The agreement joins a similar one reached with the other Spanish football giant, FC Barcelona, in August, through which Binbit is delivering Barça-related content throughout 40 countries in Latin America, Asia and East Europe.

“Binbit has proved to be an excellent business partner through its capacity for innovation and constant search for opportunities to reinvent,” said Muntaner.

Former Dodgers Owner McCourt Acquires 50 percent Stake in Global Champions Tour

Former Dodgers owner Frank McCourt, nurse through his company McCourt Global, doctor has acquired a 50 percent interest in Global Champions Tour, salve an FEI recognised showjumping series.

The Global Champions Tour is an international show jumping series with 14 events across Europe, Asia and the Middle East. Swiss watchmaker Longines is the title partner and official timekeeper of the Tour.

McCourt Global is an investment firm founded by Frank H. McCourt Jr., and its principle businesses include MG Properties, its real estate investment and development arm, MG Capital and MG Sports & Media. McCourt Sports Limited is a European operating unit of MG Sports & Media.

McCourt Global owned the Los Angeles Dodgers from 2006-2012, selling the team for a record $2.15 billion in 2012.

“2014 represents a groundbreaking year for Global Champions Tour thanks to exciting new venues such as Paris, Shanghai and London’s Horse Guards Parade Ground close to Buckingham Palace, and a powerful new partner in McCourt Global, an organization that shares my appreciation for the sport and my vision for its future,” said Jan Tops, president of Global Champions Tour.

“Working together with McCourt Global, we will innovate to bring our Tour and the sport of show jumping to new audiences, new markets and new heights. We are all very excited by the opportunities that this new partnership with McCourt Global creates.”

“Anyone attending a Global Champions Tour event for the first time is not only awed by the extraordinary venues that host the events, they are also struck by the talent, discipline, and pure athleticism required to compete in this beautiful sport at the highest level,” said Frank McCourt, chairman and chief executive officer of McCourt Global. “The sky is the limit for the sport of show jumping. We look forward to working with Jan and his team to grow the sport for the benefit of all stakeholders, including the riders, the fans and future equestrians the world over.”

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