Seattle to Build New Sports Arena Opening Door for NBA Team

Seattle may be bidding for a new NBA team after the Seattle City Council agreed to a deal with investor Christopher Hansen to build a $490 million arena that could host NBA and NHL teams as well as concerts and other events.

City officials confirmed the deal on Tuesday saying it could be the start of bringing an NBA team back to the city.

The former Seattle Supersonics moved to Oklahoma City after a deal to have a new arena built in Seattle failed to materialize in 2008.

The team was re-named the Thunder in a deal with the NBA and Seattle officials with the hope that one day an expansion team or another relocated NBA franchise could move to Seattle and pick up the Supersonics’ name and history.

“This agreement marks an exciting day in Seattle as we take a big step towards bringing back the Sonics,” said councilman Mike O’Brien, who said the deal included provisions for improved transportation infrastructure and other benefits for the city at large.

The agreement also includes financial protections for the city and King County. Hansen’s investor group, ArenaCo, must double the security reserve if its revenue fails to meet expectations. At the end of the 30-year arena use agreement, the city and county can require ArenaCo to purchase the land and facility for $200 million.

Workington to Host 2013 Rugby League World Cup Game

Workington in West Cumbria is set to host a Rugby League World Cup games in 2013.

Workington Town’s ground Derwent Park will now be the venue for the Tonga v Scotland game and the Scotland v Italy game.

The World Cup organisers have said they were keen to keep the games in west Cumbria.

The decision to move the games to Workington depended on Allerdale Borough Council along with Britain’s Energy coast, investing £450,000 to upgrade Derwent Park to RLWC 2013 standards.

Whitehaven will still play a part in the tournament, Scotland’s training base will be at the town’s Cumbria Sports Academy.

In a statement released by Rugby League World Cup 2013, the tournament, Nigel Wood Director said: “We are delighted to announce that these two matches will be played at Derwent Park and they will therefore be staying in west Cumbria. One of the stated values for RLWC2013 is passion for the games and we believe it is reflected by rugby league fans across west Cumbria. So this is great news for those fans above all.

“We know that there will be a challenge for the Workington consortium to prepare Derwent Park for the tournament. But we have been rigorous in our examination of the proposal from Allerdale Borough Council, Britain’s Energy Coast and Workington Town and we strongly believe that their level of commitment and the £450,000 investment will make west Cumbria a great part of RLWC2013”

David Bowden chairman of Workington Rugby League said: “It has taken a lot of work to get it to this stage but it is fantastic that we can keep theseworld cup games in west Cumbria.”

Councillor Alan Smith, Leader of Allerdale Borough Council, commented: “This is brilliant news! RLWC2013 is a highly prestigious event, which will bring profile and trade to the area, and strongly aligns to the Council’s commitment to support festivals and events.

“When I heard that West Cumbria might not get any RLWC2013 matches, I was determined that this Council would do everything it could to try and secure the events. I am delighted that our efforts have paid off and I thank all those involved, especially Workington Town RLFC and Britain’s EnergyCoast, for pulling together with us to bring the RLWC2013 to West Cumbria.”

iSportconnect Becomes Official Global Provider for All Informa Sports Events

iSportconnect, the global networking platform for sports business, has become Informa Sports Group’s official global provider for all their events including the much anticipated Sportech Conference, 7-9th May 2012.

The Networking Tool will give Sportech delegates exclusive access, connecting them with key industry professionals before, during and after the event. Sportech delegates will also be able to access iSportconnect’s network of business professionals to further expand their business reach.

iSportconnect.com is the industry’s leading community portal combining social networking with the latest sports business news as well as events and job listings. The site will act as a virtual meeting room, enabling participants of the invitation-only May 8th conference to interact before and after the event in a secured way, thanks to the site’s Strict Door Policy.

iSportconnect Marketing and Partnership Manager Xavier Cureau said: “We are delighted to have Informa Sports Group, one of the world’s leading sports conference organisers, on board. These days sports executives need that extra platform to come together and network and we will be providing Informa with a safe and secure online environment for all their key delegates to do this.”

Informa Sports Group Divisional Manager Sally Nasty’s added: “Our partnership with iSportconnect for Sportech is very exciting, we are looking forward to developing the partnership across our sports event portfolio.”

The Sportech Conference, is the only conference internationally to focus on technologies for major sports events. The conference focuses on planning and delivery of technologies for major sports events and will take place in Doha in Qatar.

The invitation only event is a unique, high level conference and the programme will cover cutting edge panel discussions, lessons learnt from recent major events, technology showcases and scheduled networking time to ensure members will develop strong business relationships.

 

Quiznos Open Stores in Russia Ahead of Sporting Extravaganzas

Restaurant chain Quiznos have signed a partnership with QSR Russia Ltd (QRL) ahead of the 2014 Winter Olympics and Paralympics and 2018 FIFA World Cup.

Franchisee QRL will launch the Quiznos restaurants, with St Petersburg to become their first location of several stores opening in the country.

More than 20 locations for the restaurants should be open by 2014, when the Winter Olympics are held in the Black Sea resort of Sochi.

It is set to be a major decade of sport in Russia, with the World Cup also arriving in 2018.

Lee Vala, Quiznos’ international chief development officer, said: “With extensive food service experience and a strong appreciation for both Russian culture and Quiznos operations and training, QRL has a keen understanding of their Russian customer.

“Quiznos is pleased to announce a master franchisee that will best serve Russia’s growing middle class.”

The Denver-based company is the second-largest submarine sandwich shop chain in North America, after Subway.

Quiznos is hoping to open more than 400 international restaurants by 2020, and QRL chairman Darrin Stock believes their move into Russia is perfect in its timing.

“We anticipate the Russian people will embrace Quiznos’ taste and quality and we look forward to the opportunity to showcase the tremendous business potential that vibrant and growing cities like St Petersburg and Moscow hold as we recruit potential franchisees,” he said.

“With the 2014 Winter Olympics and 2018 World Cup, I believe there’s no better time for Quiznos to enter the Russian marketplace.”

by Ismail Uddin

Titleist Involved in USD1.2bn Golf Business Sale to Fila

Fortune Brands golf business, which included the Titleist equipment brand, has been sold to Korean investors led by Fila Korea, for US$1.2bn as part of Fortune’s strategy to focus purely on its drinks business, led by its Jim Beam whisky brand.

The Acushnet golf unit made $80m operating income last year, though the sale price is still higher than had been expected with Fila Korea, which bought the Italian sportswear brand in 2007, plans rapid growth for the golf line in Asia.

Gene Yoon, the firm’s chief executive, stated: “With our extensive knowledge and reach in Asia, we believe that the Acushnet brands have incredible new opportunity for growth in the emerging markets in Asia.”

Korea’s largest private equity fund, Mirae Asset Private Equity, were also involved in the acquisition which saw the Koreans beat a rival bid said to have been mounted by private equity firm Blackstone and Callaway Golf.

In response to pressure from key shareholder William Ackmann, Fortune Brands announced last year that it would spin off its gold and home security businesses to focus purely on drinks. Acushnet made revenues of $1.2bn in 2010 – more than half of it in the US – compared with the $2.7bn made by Fortune’s alcoholic beverages line.

Fortune boss Bruce Carbonari added: “This transaction is a very important milestone as we execute our proposed plan to separate our three strong businesses for the purpose of maximising long-term value for out shareholders.”

British GT Championships Renews Avon Tyres Partnership

UK-based racing series, diagnosis the British GT Championship has renewed its title sponsorship with Avon Tyres to continue to be known as the Avon Tyres British GT Championship until 2014. The tyre company has confirmed that it will, once more supply the official control tyres to the British GT Championship.

Avon Tyres is owned by Cooper Tire Europe whose managing director, Julian Baldwin, said of the partnership: “We have enjoyed working with the British GT Championship and are delighted to have formalised an agreement with the championship organisers for a further three years. The constantly changing mix of cars, each with different characteristics, really tests our expertise but the Avon crew enjoys meeting the challenge head-on.”

Stephane Ratel, chairman of series promoters, SRO, added, “Avon Tyres shown great dedication to our championship, both on track and behind the scenes. The nature of GT racing brings special challenges for a tyre supplier and Avon has always delivered a superior product that delivers equal performance across a wide range of machinery and generates fantastic race action

“I am certain that Avon Tyres will continue to support British GT with marketing and promotion, bringing the excitement and aspirational glamour of top-flight GT racing to the race fans of the UK.”

ICC gives green light to Test league

The International Cricket Council has approved (ICC) has provisionally approved the introduction of a Test League, it has been announced.

The ICC chief executives’ committee (CEC) has recommended setting up a Test league that would include a play-off with the four top teams to crown a champion.

An ICC statement read: “These recommendations seek to give exciting content and context for international cricket within the Future Tours Programme (FTP) after 2012.”

ICC chief executive Haroon Lorgat added: “We have agreed in principle to exciting and far-reaching proposals to tackle this most important issue.

“Achieving balance and unanimous agreement is not easy but we have responded well to a strategic priority to restructure international cricket.

“The proposals, especially introducing more meaningful context, means we now have the potential to follow international cricket that is even more exciting.”

The ICC wants to introduce the Test league in 2013 and also agreed to a one-day league first running from 2011-14 and separate from the Cricket World Cup.

Sportradar Signs Malta FA Partnership to Further Educate About Betting Corruption

Sportradar have announced a partnership with the Malta Football Association (MFA) to launch of a pioneering educational program which will tackle the issue of betting-related corruption in Maltese football.

The ‘Say No to Match-Fixing’ integrity tour is an innovative collaboration between the MFA, Sportradar and Betaland, bringing together three of the key stakeholders with regards to integrity in sport.

The ‘Say No to Match-Fixing’ tour will be conducted by Sportradar and will educate players, referees and club officials about all relevant issues surrounding modern day match-fixing. Education, including an innovative e-learning tutorial, is the key focus of the program and will encompass aspects such as monitoring and detection systems used to identify manipulated matches and the consequences of engaging in corrupt activity.

The program is sponsored by Betaland, a bookmaker that has offices, and a sizeable customer base, in Malta. Through its involvement in this scheme, Betaland has taken the important step as a betting operator of assisting the fight against match-fixing in sport.

MFA President, Norman Darmanin Demajo, commented: “We are here today for two main reasons – the first, because we are aware of the threat that match fixing poses to the game of football, and secondly, because we are willing to do something about it. With the invaluable assistance of Sportradar and Betaland, the MFA will embark on an ‘integrity tour’ that we believe will be the blueprint of future ‘Say No to Match-Fixing’ campaigns designed to help safeguard our beloved game”.

Sportradar CEO, Carsten Koerl said “Sportradar is delighted to be a part of this ground-breaking cooperation with Betaland and the MFA. Working together with the sport federation and betting industry, we are in the strongest possible position to protect the integrity of Maltese football”.

Betaland CEO, Antonio Ricci, added: “Betaland is proud to be part of this project along with the MFA and Sportradar. As an international bookmaker, we support this important fight against match-fixing because we truly believe in sport and we intend to protect it from corruption and manipulation. For us this is a decisive partnership that goes beyond marketing and branding purposes, but wants to show clearly our social responsibility.”

Fox Sports Acquires SportsTime Ohio

News Corporation’s (NWSA) Fox Sports Media Group has acquired SportsTime Ohio, a Cleveland based regional sports network, according to Reuters.

The acquisition is expected to enhance its portfolio of regional sports channels and strengthen the company’s Fox Sports Media Group’s position in the lucrative sports entertainment business, where it competes with Walt Disney Company’s (DIS) sports coverage network, ESPN.

Moreover, with the buyout, News Corp. gained exclusive long-term local broadcasting rights for Cleveland Indians baseball games. The move will also facilitate the company to generate incremental revenues through advertising and subscriptions.

Earlier, in a similar move, the company entered into a deal to acquire 49% stake in the Yankees Entertainment and Sports Network (YES). The agreement also provides an option to the diversified media conglomerate to increase its stake up to 80% after three years.

News Corporation strives to add diverse revenue streams to hedge against the persisting economic volatility. The company is also focusing on the emerging markets to consolidate its media business, since these regions have millions of viewers.

The company remains on track to split into two separate publicly traded publishing and media and entertainment entities. There has been immense pressure from shareholders to divest the publishing arm, which has been grappling with lower operating profit compared with the entertainment unit.

Sir Philip Otton to Chair Independent Commission Reviewing UCI

An Independent Commission, initiated by the Union Cycliste Internationale (UCI) and chaired by Sir Philip Otton, will hold a hearing in April 2013 in London.

The Commission will look into issues and allegations arising out of the Reasoned Decision of the United States Anti-Doping Agency (USADA), of 10 October 2012, in relation to Lance Armstrong and the US Postal Service Team. Following this hearing the Commission will provide the UCI with its report and recommendations.

The sport’s global governing body, the Union Cycliste Internationale (UCI), appointed John Coates, President of the International Council of Arbitration for Sport, to put forward the names of three people to comprise the independent panel. His selection has now been appointed. A hearing has been scheduled in London between April 9-26 2013, with the commission’s report published by June 1 2013.

Sir Philip Otton, formerly a court of appeal judge, will chair the commission. He and UK House of Lords Peer and Paralympic Champion Baroness Tanni Grey-Thompson and Australian lawyer Malcolm Holmes QC will study all of the evidence presented by USADA to the UCI in its ‘Reasoned Decision’ that concluded that Armstrong was part of an organised doping programme at US Postal during his seven Tour de France wins.

“The appointment of these three eminent figures demonstrates clearly that the UCI wants to get to the bottom of the Lance Armstrong affair and put cycling back on the right track,” said UCI president Pat McQuaid in a statement issued on Friday.

“Rather than simply attacking the UCI, our critics now have an opportunity to be part of the solution. I would ask them, therefore, to make their representation to the Independent Commission – and to start to put cycling first.”

Armstrong was stripped of his wins by USADA, a decision later upheld by the UCI. Aside from the issues of doping, the report also contained several allegations directly related to the UCI’s activities, including the cover-up of alleged positive anti-doping tests originating from Armstrong, and a payment made by Armstrong to the UCI. Both current UCI president McQuaid and former president Hein Verbruggen were named in the report.

Much of the report was based on the testimonies of current and former professional riders who served as team-mates of Armstrong.

Since the USADA report, the UCI’s credibility has taken a severe knock, the appointment of the independent commission will – hopes the UCI – restore its credibility and that of professional cycling as a whole. Cycling has been dogged by repeated, high-profile doping scandals over the past two decades, and the overwhelming feeling among cycling fans and, more crucially, sponsors is that enough is enough.

“The Commission’s report and recommendations are critical to restoring confidence in the sport of cycling and in the UCI as its governing body,” said McQuaid.

“We will co-operate fully with the Commission and provide them with whatever they need to conduct their inquiry and we urge all other interested stakeholders to do the same. We will listen to and act on the Commission’s recommendations.”

Although the composition of the commission was suggested by Coates rather than the UCI, there have been some questions levelled at the UCI about the actual independence of the panel.

McQuaid tried to allay fears on this point in his statement: “Some of our critics have suggested that this Commission would not be fully independent. They were wrong. The UCI had no influence on the selection of the Commission members.”