Premier League Clubs Vote in Favour of New Financial Regulations

Premier League Clubs today agreed in principle to a system of enhanced financial regulations, which are designed to further improve the sustainability of clubs.

The Premier League Financial Regulation includes a sustainability clause that will require clubs to work towards break-even, while allowing a degree of owner investment going in as equity. A short-term cost control protocol was also agreed, which would limit the amount clubs could raise their player costs by above an agreed floor from centrally distributed revenue.

From the 2013/14 season Premier League clubs cannot make a loss in excess of £105m aggregated across seasons 2013/14, 2014/15 and 2015/16.

If the rules are broken the Premier League will not be afraid to offer up a points deduction as punishment.

Richard Scudamore, Premier League Chief Executive, said: “As all things in our rulebook you will subject to a disciplinary commission.

“The clubs understand that if people break the £105m we will look for the top-end ultimate sanction range – a points deduction.

“Normally we stay silent on sanctions as the commission has a free range but clearly if there is a material breach of that rule we will be asking the commission to consider top-end sanctions.”

Scudamore said that the measures would mean it will take longer for benefactor owners to achieve success, but that it would still be possible.

He said: “The balance we have tried to strike is that a new owner can still invest a decent amount of money to improve their club but they are not going to be throwing hundreds and hundreds of millions in a very short period of time.

“While it has worked for a couple of clubs in the last 10 years, and I am not critical of that, if that’s going to be done in the future it’s going to have to be over a slightly longer term without the huge losses being made.

“I think at £105m you can still build a very decent club with substantial owner funding but you have to do it over time, you can’t do it in a season.”

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Indian Hockey Federation to Elect New President after Shetty Resigns

Following the resignation of R K Shetty as its chief, generic the Indian Hockey Federation will elect its new president at its Special General Body Meeting on 5 November.

The special GBM will also vote on adopting amendments to the IHF constitution which includes selecting a chairperson from amongst the elected office-bearers and who would be above the rest. Interestingly, discount | past presidents of the IHF will also be eligible for the post of chairperson, ed a move most seen as being aimed at bringing KPS Gill, currently an advisor to the IHF, back into the official fold.

In a massive blow to the Indian Hockey Federation (IHF), R K Shetty resigned as its President citing “personal reasons”.

Sources said Shetty had stepped down from the post due to differences with IHF Secretary General Ashok Mathur and Managing Committee member Joaquim Carvalho.

“I have resigned as IHF president due to personal reasons. I decided to resign because I don`t want my personal work to collide with my duties as IHF president,” Shetty told PTI from Bangalore.

“I might have resigned as president but I will continue to be a member of IHF.”

IHF Secretary General Ashok Mathur wrote a letter saying, “Subsequent to the resignation of R K Shetty, President IHF, it has been decided to add the election of president as one of the agenda to the notice dated 18th October 2012 already circulated.

“As such the election of the president will also take place on the Special General Body Meeting of the IHF on Monday, the 5th November 2012 at 11:30 am.”

Nominations can be filed from 31 October – 1 November on which scrutiny will be also done. The deadline for withdrawal has been fixed for 3 November.

15 Olympic Stories of the Week: 10/8/12

1

Olympic Sponsors Coca-Cola & Samsung See Best Social Media Performance at London 2012

Friday, 10 August 2012

2

Usain Bolt Tops Athlete Sponsorship Table at London 2012

Friday, 10 August 2012

3

10,30 Millionen sahen Diskus-Gold von Robert Harting im ZDF

Friday, 10 August 2012

4

London 2012 Merchandise Sales Boosted by Olympics

Friday, 10 August 2012

5

Olympic Handball Arena to be Occupied by Milton Keynes Lions Basketball

Thursday, 09 August 2012

6

Two Million Visitors Already Visited Olympic Park

Thursday, 09 August 2012

7

LOCOG Already Sold 2.1 Million Tickets for Paralympic Games

Wednesday, 08 August 2012

8

Visa Records Billion Dollar Spending on Accounts During Olympics

Wednesday, 08 August 2012

9

Abmahnung des Deutschen Olympischen Sportbundes e.V. unberechtigt

Wednesday, 08 August 2012

10

 Neuer Zuschauerrekord mit mehr als 8,8 Millionen bei der Leichtathletik

Tuesday, 07 August 2012

11

 London 2012: Sporthilfe-Prämien-Bilanz zur Halbzeit

Tuesday, 07 August 2012

12

 IOC Defends NBC Tape-Delayed 100m Final Coverage

Monday, 06 August 2012

13

 NDR zieht positive Zwischenbilanz der Übertragungen aus London

Monday, 06 August 2012

14

 Jessica Ennis Set for Sponsorship Windfall after Striking Gold

Monday, 06 August 2012

15

 Usain Bolt’s Olympic Record Seen by 20 Million Viewers

Monday, 06 August 2012

Exclusive: Euroleague Looks for Long Term BeIN Deal after Partnership Announcement

By Ismail Uddin

Euroleague Basketball is expecting their new BeIN Sport partnership to be the beginning of a long term deal with the new French sports broadcaster.

Euroleague announced today a partnership with BeIN to become its new broadcasting partner in France for the 2013-14 Turkish Airlines Euroleague season and the following three years.

But Andrea Bassani (pictured), treatment Chief Television and New Media Officer at Euroleague Basketball, believes this may be the beginning of a longer term deal. 

He told iSportconnect exclusively: “BeIN, being a recent newcomer in the French television landscape, is growing at high speed thanks to its very specific offer for subscribers in the market, and will become the hub for any sports fans with some of the most prestigious competitions worldwide. With Euroleague amongst these this will only help us take another step in the right direction in such an important market.

“We believe that this 4 year deal with BeIN will only be the start of a longer term strategic relationship.”

Bassani added: “We would like to take advantage to underline the importance of our longtime partner MediaPro in striking this deal.”

BeIN will showcase live all Turkish Airlines Euroleague games for both French teams this season, national champion JSF Nanterre and runner-up Strasbourg.

Steve Wharton to Step Down as Scunthorpe Chairman

English League One side, stuff Scunthorpe United will be searching for a new chairman next season after it was announced Steve Wharton will step down.

Wharton told a press conference that he will not be continuing his role after the current campaign is over.

He said: “I have given the board assurances that I am here until the end of the financial year, medic which is next June.

“I have made it clear to Brian that I think it is time I retired. Then it will be up to whoever takes over.

“We lost a substantial amount of money last year and will do so again this year. In any business you cannot continually do that year after year unless you have somebody prepared to come in and throw money at the situation.

“I have put a loan in place so that if I leave at the end of the year the club is financial sound. After that they have got to find a way of balancing the budget from then on.”

40 Sponsorship Deals of the Week: 10/8/12

1

Hitachi Sponsors Bundesliga’s Fortuna Düsseldorf

Friday, 10 August 2012

2

Leading Poultry Brand Becomes Werder Bremen’s New Shirt Sponsor

Friday, 10 August 2012

3

English Soccer Match Officials Get Expedia Sponsorship

Friday, 10 August 2012

4

Borussia Dortmund Unveil New EA Sports Deal

Friday, 10 August 2012

5

Ketel One Named Official Vodka & Official Licensee of The PGA of America

Friday, 10 August 2012

6

Coca-Cola Extend Sponsorship of Ottawa Senators

Friday, 10 August 2012

7

Principal Financial Group Becomes Official Partner of Big Ten Conference

Friday, 10 August 2012

8

Harlem Globetrotters Agree New Partnership with The Whistle

Friday, 10 August 2012

9

SiG Solar Group verlängert als offizieller Co-Sponsor des SV Werder Bremen

Thursday, 09 August 2012

10

 Jon Jones Becomes First UFC Fighter to Get Nike Sponsorship

Thursday, 09 August 2012

11

 Sponsors Leverage Lin’s Asia Visit

Thursday, 09 August 2012

12

 Doctors Hospital Get Naming Rights to Miami Dolphins Training Facility

Thursday, 09 August 2012

13

 Absa Retains Title Sponsorship of South Africa’s Premier Soccer League

Wednesday, 08 August 2012

14

 Mahindra & Mahindra Named Title Sponsor for Sri Lanka Premier League T20

Wednesday, 08 August 2012

15

 Honda Becomes Main Sponsor to Four Hills Ski Tournament

Wednesday, 08 August 2012

16

 EA Sports Adds One-Year to Everton Contract

Wednesday, 08 August 2012

17

 Maxxis Tires Follows ‘Linsanity’ to Houston Rockets

Wednesday, 08 August 2012

18

 Orrcon Steel Reduces Sponsorship Involvement with V8 Supercars FPR

Wednesday, 08 August 2012

19

 Australian Open Squash Championships Acquires New Title Sponsor

Wednesday, 08 August 2012

20

 Hilton Organises USA v China Beach Volleyball Exhibition

Wednesday, 08 August 2012

21

 Manchester City Announce Ticketing Partnership with Viagogo

Wednesday, 08 August 2012

22

 Juventus Gain New Swiss Watch Sponsor Hublot

Wednesday, 08 August 2012

23

 Texas Tennis Open Gets New Presenting Sponsor

Wednesday, 08 August 2012

24

 Mercedes-Benz Citan Get Sponsorship Rights to Italy’s Serie B

Wednesday, 08 August 2012

25

 America’s Cup Selects Giants Enterprises as Official Spectator Experience Partner

Wednesday, 08 August 2012

26

 University of Pittsburgh Athletics Announces Cricket Wireless Partnership

Wednesday, 08 August 2012

27

 Miami Dolphins Secures New Official Fan Travel Partner

Tuesday, 07 August 2012

28

 Karbonn Mobiles to Title Sponsor Champions League Twenty20

Tuesday, 07 August 2012

29

 Bayern Munich Extend Brewery Partnership with Paulaner

Tuesday, 07 August 2012

30

 Coventry Blaze Ice Hockey Team Gets New Main Sponsor

Tuesday, 07 August 2012

31

 Haiti Olympian Samyr Laine to Endorse Customized-Fashion Brand

Tuesday, 07 August 2012

32

 Brooklyn Nets’ Barclays Center Adds Geico to Sponsorship Roster

Monday, 06 August 2012

33

 Nike Signs On as Presenting Sponsor of FIBA’s 3×3 Tournament

Monday, 06 August 2012

34

 Coke Zero Partners with Former NFL Player Jerome Bettis

Monday, 06 August 2012

35

 Manchester United Reveal GM Shirt Sponsorship Biggest in Soccer History

Monday, 06 August 2012

36

 Noakes Group Extend Cruising Yacht Club of Australia Sponsorship

Monday, 06 August 2012

37

 Honav to Supply Olympic Pin Badges at Rio 2016

Sunday, 05 August 2012

38

 Chicago Bears Extend PrimeSport Partnership

Sunday, 05 August 2012

39

 Tim Tebow Named Brand Ambassador for SOUL Electronics

Friday, 03 August 2012

40

 MuscleFoot to Sponsor DaMarques Johnson at UFC on Fox 4

Friday, 03 August 2012

AEG Chief Chris McGowan Becomes Portland Trail Blazers CEO

NBA’s Portland Trail Blazers announced today that Los Angeles sports executive Chris McGowan will be the Blazers’ new President and Chief Executive Officer.

McGowan joins the Blazers from his position as Chief Operating Officer of AEG Sports, where he has played prominent leadership roles in the reigning NHL champion Los Angeles Kings and the MLS’ Los Angeles Galaxy.

“It is a great day for the Portland Trail Blazers as we welcome Chris to the Northwest,” said Trail Blazers Owner Paul Allen. “With his demonstrated leadership with the Kings and Galaxy, I am confident he will find ways to improve the Blazers’ business performance, which is key to the team’s overall success.”

McGowan replaces Larry Miller, who resigned as the team’s president in July to return to Nike, and joins General Manager Neil Olshey and Head Coach Terry Stotts, who were both hired earlier this year. He will assume his new position on November 12.

“With Chris now onboard, the Blazers’ new leadership team is complete,” Allen said.

“I am honored to take on this role,” said McGowan. “I have always admired the strength of the Trail Blazers’ brand and the passion of their fan base and am eager to join the staff as we continue building an organization the city can be proud of.”

McGowan will manage all business operations of the team and the Rose Garden. He will report to Peter McLoughlin, currently president of the NFL’s Seattle Seahawks and MLS’ Seattle Sounders FC, who is assuming the role of CEO of Vulcan Sports and Entertainment (VSE). VSE oversees the business operations of Allen’s sports franchises and facilities. McLoughlin will continue in his roles with the Seattlefranchises as well as with First and Goal, Inc., which manages CenturyLink Field.

Olshey will continue to manage all basketball operations. He will report directly to Allen on basketball operations and collaborate with McGowan on budget and financial matters.

“I’m excited to work with Chris,” said Olshey. “I was impressed with his leadership abilities and look forward to a successful collaborative effort.”

McGowan earned his degree in International Relations from the University of Delawareand began his career with AEG in 1996.  His success in sales and his strong organizational and team-building skills propelled him up the ranks of AEG. In 2007, he was named Chief Operating Officer of the Kings, where he oversaw the team’s business operations and led the team to increased revenue from ticketing, sponsorships, concessions and other areas.

Earlier this year, McGowan was named head of the newly formed sports division, AEG Sports. In addition to overseeing the Kings and the Los Angeles Galaxy, McGowan assisted with the operations for all of AEG’s sports teams and properties around the world.

15 Sports Broadcasting Deals of the Week: 10/8/12

1

ARD & ZDF Renew German Athletics Association Deal

Friday, 10 August 2012

2

Miami Dolphins Announce Broadcast Partners & Enhanced ‘Dolphins Television Network’

Friday, 10 August 2012

3

ESPN STAR to Show ICC Events in Latin America

Wednesday, 08 August 2012

4

talkSPORT Spread Premier League & FA Cup Radio Coverage to Multiple Countries

Wednesday, 08 August 2012

5

ESPN Gain European Darts Championship Rights

Wednesday, 08 August 2012

6

SPL Announces Major YouTube Deal

Wednesday, 08 August 2012

7

W9 Extends Super Bowl Broadcast Rights Until 2015

Wednesday, 08 August 2012

8

JPSI Gets Broadcast Rights to Indian Round of World Superbikes

Wednesday, 08 August 2012

9

KTK Seals Kazakhstan Rights to Champions League & Europa League

Wednesday, 08 August 2012

10

 TV Klan Snaps Up Albania Rights to Champions League

Tuesday, 07 August 2012

11

 Global Media Group Acquire Georgia Rights to Champions League & Europa League

Monday, 06 August 2012

12

 “ran” sichert sich Top-Spiele der Beko Basketball Bundesliga

Monday, 06 August 2012

13

 NBC Extends French Open Rights Until 2024

Monday, 06 August 2012

14

 New Orleans Hornets Agree Radio Broadcast Deal with Entercom

Friday, 03 August 2012

15

 ESPN Gets SPL & SFL Broadcast Rights Until 2017

Friday, 03 August 2012

Eurosport to Broadcast Selected UEFA Women’s Champions League Matches

Pan-European television sport network Eurosport has announced it will broadcast the best clubs in the UEFA Women’s Champions League following the acquisition of the exclusive worldwide rights for the 2013-2014 home matches of title holders VfL Wolfsburg and 2010 winners 1.FFC Turbine Potsdam.

Eurosport can also broadcast selected away matches from both German clubs and can feature other teams such as 2012 and 2011 Champions League winners Olympique Lyonnais. 

Eurosport has broadcast every FIFA Women’s World Cup and UEFA Women’s Euro since 2003 as well as the UEFA Women’s Champions League since 2011. More recently the Women’s Bundesliga has joined Eurosport’s portfolio of rights, until the 2015-2016 season, confirming the channel’s commitment to women’s football. 

Eurosport has enjoyed audiences of 55m for the UEFA EURO in Sweden in July and the tournament’s average audience saw a 53% increase compared to the 2009 edition in Finland. In May 2013 Wolfsburg’s victory in the Champions League final over Olympique Lyonnais attracted 7.8m fans (+62% vs 2012 final).

Rod Bransgrove Steps Down as Ageas Bowl Chief Executive

Hampshire Chairman Rod Bransgrove has announced he will step down as Ageas Bowl Chief Executive from 1 December.

He will retain his position as Chairman of the Board of Directors.

Since taking the helm at the Club in 2000 as Chairman and Chief Executive, erectile Rod has had a major impact on the structure of English cricket with many Counties now emulating the management and corporate structures introduced by him at Rose Bowl plc. He has overseen the change of Hampshire Cricket’s home venue from Northlands Road in Southampton to The Ageas Bowl in West End and the continued development of the ground which will ultimately see it become the only Model Test Match venue in the country.

He has invested significantly in the development of the ground amenities over the years as well as encouraging investment from elsewhere. Early in 2012, clinic Rod orchestrated the conclusion of the Naming Rights Agreement which resulted in the ground being renamed The Ageas Bowl and, most recently, he concluded the major £45m re-investment transaction with Eastleigh Borough Council and others which has enabled construction of the new 4-star Hilton Hotel to commence.

During the 12 years of his leadership, Rod has overseen the recruitment of several high-profile signings, such as Shane Warne, John Crawley and Kevin Pietersen, whilst encouraging the development of home-grown talent in the County’s increasingly-effective Academy. This has resulted in the development of a highly successful team which, over the past seven years, has won three One Day trophies and two Twenty20 cups. He was also responsible for bringing International cricket to the South Coast for the first time, ultimately culminating in the hosting of the first Test Match south of London in 2011 between England and Sri Lanka. In addition, both domestic and International Twenty20 cricket made their debuts at The Ageas Bowl.

In addition to cricket, Rod has encouraged major concerts and shows to The Ageas Bowl since 2005 with high-profile acts such as Oasis, Billy Joel, Neil Diamond, The Who and R.E.M having appeared there.

The move is part of a wider corporate restructuring exercise, reflecting both the re-stabilised financial status of the Group and the changing nature of its diversified business.

Rod Bransgrove said; “This change is a natural development of the management structure of the Group and does not indicate any intent on my part to conclude or reduce my commitment to the success of this project. However, after 12 years of fulfilling a dual role, and having now stabilised the business with a significant re-investment package, the time is right for me to focus on my position as Group Chairman, taking responsibility for Board-related matters including strategic planning.”

“In David Mann, we have an ideal candidate to take over the operational management of the Group. He has excelled as Finance Director for the past five years and has been instrumental in the conclusion of the highly-complex re-investment transaction with Eastleigh Borough Council over the past year. His commitment and attention to detail has impressed all his colleagues on the Board and he enjoys excellent working relationships with all key staff. Simply put, David Mann provides me with the opportunity to take this important step back with full confidence in his stewardship.”

David Mann, who has been Group Financial Director of the Club since September 2007, will assume the role of CEO.

Before joining The Ageas Bowl, David Mann held a number of senior financial positions in industry working as a Finance Director, Financial Controller and European Financial Controller including spells working in France and Spain. Prior to this, he qualified as a Chartered Accountant with KPMG.

David said; “It is a privilege to be taking over as CEO of this business. We have a team of tremendously talented and committed people here and, working together with Eastleigh Borough Council, the England and Wales Cricket Board and our commercial partners and stakeholders, we look forward to building on Rod Bransgrove’s achievements over the last decade and making The Ageas Bowl one of the finest venues in the country, a legacy for future generations and something the people of Hampshire can be truly proud of.”