Betfair prices up share flotation

Online sports betting business Betfair has priced its share flotation on the London stock market, in move which values the total company at £1.4bn ($2.2bn).

The sale of 15.2% of the company took place at a price of £13 per share.

The 16.2 million shares in the gambling firm were sold towards the top of the £11-£14 planned range.

Betfair was founded 10 years ago, and says it is the world’s largest business of its kind.

The shares rose to £15.60 in early conditional trading, up 20% from the initial public offering price.

The existing shareholders have the option to allot an additional 10.8% of the company to meet surplus demand from the offering.

Betfair has three million customers and pioneered person-to-person betting, where punters bet against each other rather than the bookmaker on a range of sports.

The company was founded by Andrew Black, a former professional gambler, and Edward Wray, a former JP Morgan trader.

The site also offers poker and other traditional casino betting forums.

QPR Launches Consultation Process Over Stadium Plans

QPR plans to establish a new stadium have stepped up a pace after they launched a consultation process over the proposed 40,000 seater facility in Old Oak, west London.

The Premier League club will send out 50,000 newsletters to residents and businesses as part of proposals to redevelop brownfield land.

Loftus Road in Shepherd’s Bush has been QPR’s home ground for the vast majority of their history, but the growing demand for a larger attendance has forced owners to search for an alternative venue.

Rs chairman Tony Fernandes believes the ambitious new development, named ‘New Queens Park’, will provide much needed jobs and housing.

His statement on the club’s official website read: “We are looking to deliver much more than just a stadium. We want to create a new destination that we propose to call ‘New Queens Park’.

“It will serve as a catalyst for regeneration, creating thousands of new jobs and homes for local people.

“It will be a major transport hub that will connect Old Oak to the rest of London and other major cities across the UK.

“Our new 40,000 seat stadium will become a focal point hosting not just football, but other entertainment and community activities for residents and visitors to enjoy.

“This will give us a top quality stadium that will be able to cater for QPR’s needs as the club progresses and grows over the years ahead.

“We are very excited about being the driving force behind creating one of the best new urban places in the world, and making this our new home.”

Plans for the new ground can be viewed at a series of public exhibitions, starting on Monday, September 15.

Liberty National to Host 2017 Presidents Cup

The PGA TOUR has announced Liberty National as host site for The Presidents Cup when it is next staged in the United States, in 2017. 

The announcement is part of a 25-year partnership between Liberty National and the PGA TOUR, which will bring up to 10 PGA TOUR events to the venue over the course of the agreement.

Liberty National will be just the fourth golf course in the United States to host the prestigious team match-play competition, joining Robert Trent Jones Golf Club in Prince William County, Va., (1994, 1996, 2000, 2005), TPC Harding Park in San Francisco, Calif., (2009) and Muirfield Village Golf Club in Dublin, Ohio (2013). The Presidents Cup 2017 will take place September 25-October 1.

“We’ve had several very compelling announcements relative to the future of The Presidents Cup so far this summer,” said PGA Tour Commissioner Tim Finchem, alluding to the announcement of Jay Haas and Nick Price as 2015 captains and TPC Harding Park in San Francisco being named 2025 host, “but standing in the shadow of the Statue of Liberty today to announce Liberty National as our next U.S.-based host of the event is really icing on the cake. The Presidents Cup has come so far in its relatively short history, and seeing the world’s best players compete in this market, on this incredibly fantastic venue with such an amazing backdrop in 2017 is something fans of this great game will never forget.

“I’d like to thank and congratulate Paul Fireman and his son Dan for their partnership through the years, which has previously brought the PGA TOUR to Liberty National for The Barclays in 2009 and 2013 and has now resulted in a long-term relationship that will see some of the TOUR’s biggest and best events staged here over the next quarter century. Paul and Dan have exemplified a true dedication to the future of the game, and we are thrilled to work with them to showcase Liberty National and the PGA TOUR in an incredible way.”

“Being chosen by the PGA TOUR to host the 2017 Presidents Cup is every golf course’s dream,” added Liberty National co-founder Paul Fireman. “We at Liberty National Golf Club are proud to receive this honor and will dedicate our efforts to live up to both the TOUR and the players’ expectations. This new 25 year agreement is a mutual acknowledgement of trust and respect between Commissioner Finchem, the PGA TOUR, Liberty and our membership. We embrace this selection with great pride and look forward to fostering this relationship for years to come.”

F1 Boss Bernie Ecclestone Pays 100 million Dollars to End Bribery Trial

F1 supremo Bernie Ecclestone is sighing with relief after his case against alleged bribery was dropped after he agreed to pay the German prosecutors $US100 million.

After being accused of paying a bribe to a former banker, F1 chief Ecclestone has been on trial in Germany since April.

The 83-year-old Ecclestone denies wrongdoing and says Gerhard Gribkowsky, who was in charge of selling German bank BayernLB’s 47 per cent stake in F1 in 2005, blackmailed him.

However, state prosecutors in Munich have agreed to end the trial after the 83-year-old Ecclestone offered to pay a settlement worth 100 million dollars.

The deal is believed to be the biggest of its kind in German legal history.

Ecclestone’s personal personal wealth is put at $4.2bn by Forbes, which ranks him as the 12th richest UK billionaire.

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Barclays Hires Havas S&E as Lead Global Sponsorship Agency for Sports Properties

Havas Sports & Entertainment have secured a major coup after Barclays appointed the brand engagement firm as their lead global sponsorship agency.

The London based agency beat off stiff competition from over 20 agencies to obtain the contract. They will work on the firm’s sponsorship startegy and activation of key partners.

The multi-year agreement will include the British bank’s sponsorship of the Premier League and ATP World Tour Finals, as well as CSR-led partnerships with Beyond Sport and Barclays Spaces for Sports.

ECB Opts Against Supporting Women’s International Cricket League

The England and Wales Cricket Board (ECB) have reiterated today it will not support the privately-run Women’s International Cricket League (WICL).

Clare Connor, ECB’s Head of Women’s Cricket and Chair of the ICC Women’s Committee, said: “There has been a lot of misleading and as yet unsubstantiated information around how far advanced the proposed WICL is. I stress that from an ECB perspective this competition is not on our agenda.

“The immediate focus for international women’s cricket is the ICC International Women’s Championship, which the ICC Board approved in January.

“For the first-time ever, the top-eight ranked women’s teams in the world will play each other in a bi-lateral competition, with results determining qualification for the 2017 ICC Women’s World Cup. This is a real game changer for the women’s game.

“ICC and its members do not recognise privately owned tournaments or leagues in the men’s or women’s game. The ICC and the members have made significant investment into women’s cricket over the ten years to create a commercially viable product.

“In particular there is recognition that a Women’s World Twenty20 every two years will be the vehicle through which to build commercial investment in the women’s game, and it is for the ICC and the members to capitalise on this and take it forward.

“Any Twenty20 tournament that features the best players in the world outside ICC competitions would need to be run and controlled by one of the full members, as opposed to by a private operator.”

Giles Clarke, the ECB Chairman added: “Put simply there is no support or interest for this proposed event. Women’s cricket has made enormous strides in recent years with great investment in the game from the grassroots to the international level.

“At the same time, thanks to the ICC global events and member investment, we have seen new and exciting players emerge on the world stage. This has to be the continued route for the women’s game, not a privately run competition.”

ATP Tour to Return to Israel in September

The ATP Tour will return to Israel in September, allergist for the first time in 19 years.

Israel is back on the international tennis map after the Association of Tennis Professionals World Tour announced a tournament in Israel later this year. Tel Aviv will inherit the tournament that has been played in St Petersburg, unhealthy Russia, ed for the past 19 years. The event will take place at the Israel Tennis Center in Ramat Hasharon on September 15th to 21st. The center is a regular Davis Cup venue, but has not staged an ATP event since 1996. 

Tournament representative Ruslan Linkov said: “After 19 memorable years in St Petersburg, the time has come for us to take the tournament in a new direction. We are very excited about the opportunities that lie in Tel Aviv and look forward to holding a successful event in September.” 

Israeli-Georgian billionaire, Mikhael Mirilashvili, who is based in Israel and Russia, provided much of the funding for the event in St. Petersburg in recent years and is believed to be behind the decision to relocate the tournament due to the political situation in Ukraine and the disappointing income generated in Russia in past years.

Saint Petersburg has been an ATP event since 1995 with winners including Britain’s Andy Murray, Yevgeny Kafelnikov and Marat Safin.

The New Generation of Elite Training Facilities – Populous

Populous’ Christopher Lee, drugs Warrick Chalmers and Scott Radecic provide a global perspective

How long has Populous been involved in elite training facility design and is it a growing business for you?

SR: Populous has been involved in elite training facility design in the US for more than 25 years and it has developed into a very important segment of our business.

I initially got involved in the design of elite athlete training centres because it was another creative way to combine my passion for sports, salve as well as my background as a former professional athlete, buy viagra | with the design of the built environment that allows athletes to develop and excel.

WC: In Australia it definitely is a growing market .As sport here becomes increasingly professional and continues to attract more funding through television rights and sponsorship, there is an increasing demand for a new breed of elite training facilities that ensure athletes are in peak condition and provide clubs with a competitive edge. Such facilities also act as a powerful recruiting tool to attract players and coaching staff. 

Based on your experience, what advancements have the EPL, NFL and AFL made in elite training facilities?

CL: The development that the major European football clubs have made in their elite training facilities has paralleled the evolution of the footballer from a talented individual to ultra-elite athletes valued in the 10’s of millions of pounds.

When one considers that a footballer such as Wayne Rooney runs about 10-12 kilometres during a typical game, possibly twice a week, the training regime needs to not only ensure maximum and sustained fitness, strength, speed and agility but also cover psychology, nutrition, and performance recovery and injury rehabilitation.

Our current facilities are so sophisticated that the medical and sports science teams, backed by incredible amounts of analytical data, can identify potential injuries before they develop and tailor programmes to ensure injuries do not occur.

Many football club training facilities not only accommodate the elite professional players but also focus on the development of younger players (as young as 8 years old) through the academy side of the club.  These future stars have their own requirements not only in their development as football players but their onsite education, welfare and well-being.

These state-of-the-art training facilities become a complex environment dealing with up to 100 athletes, their coaches, trainers, doctors, sports scientists, performance analysts, support staff and teachers.

SR: Over the last decade, the NFL has made huge strides in developing incredible training facilities that have significantly enhanced the athlete’s ability to train and prepare at the highest level.

Major improvements include: more extensive hydrotherapy offerings for both rehabilitation and training, expanded nutritional centres that educate, as well as provide the right foods, and expanded medical facilities and outpatient medical services.

These training facilities are also doing a much better job of using technology to optimise the training experience, including integrated Wi-Fi access, new video systems, monitoring and tracking daily training routines, as well as providing high-tech, interactive spaces to review and study film.

WC: The AFL is developing a new generation of training facilities. Most AFL clubs began developing truly professional facilities about 15 years ago. Clubs are now developing new or expanded facilities to bring them up to date with the latest technology and sports science advances and accommodate growing staff levels.

As with the NFL, most advances have been in gymnasium size and diversity of use, hydrotherapy areas, nutrition spaces and medical science areas to accommodate sports science advances such as GPS tracking.

We are also seeing a larger emphasis on the analytical and communication side of things, with a greater diversity of meeting spaces, from large auditoriums to informal alcoves to enhance communication between coaches and players.

When designing elite training centres, what difference can the architect make to athletes’ training and performance, recovery and rehabilitation? Can you give examples?

SR: We will spend a lot of time considering how each athlete, coach or trainer will use every space throughout the facility, and how different spaces can embrace the latest trends and advance to give them a competitive advantage. We work through in-season and off-season daily schedules to design a facility that works optimally and effectively 365 days a year.

WC: Most AFL commentators talk about how successful teams win the ‘1 percenters’ on the field – those small pieces of play where a player lifts by 1 percent to win a particular contest over a rival. Our role as architects for these facilities is similar- providing those small design features, the 1 perecenters, that enhance the efficiency and training output of the players and staff that over time translates to higher on-field success.

CL: As an ex-national level swimmer, personally I am very conscious of the importance of environment in which individual athletes can be melded into team.

The architecture of a space can have a genuine impact on the user’s physiological and physical well-being.  Populous’ objective when designing elite training facilities is to design a building that works perfectly technically from an operational perspective, inspires training and performance at an elite level and create a “home” for the sporting club. 

What countries are leading the way in elite training facility design?

CL: Many countries are leading specific aspects of elite training but in our experience America, the UK/Europe and Australia are investing the most in the development of elite training facilities.

WC: In Australia, we do look towards the US and UK for advancements in training facility design mainly because their markets are larger and more advanced than ours. However, most AFL clubs are very much at the forefront of sports science.


Popolous_Lee-ChrisChristopher Lee is a Senior Principal at Populous with extensive experience in leading design and innovative architecture. He has delivered some of the most environmentally advanced and high profile sports buildings around the world, including ANZ stadium for the 2000 Sydney Olympics, the Millennium stadium with the first moving roof, the architecturally acclaimed Emirates Stadium in London and the new Aviva Stadium in Dublin. In 2006, Christopher established Populous’ international design studio based in New York focused on the design of the most advanced and pioneering sports and entertainment venues. Currently, Chris is exploring the integration of environmental solutions and new technologies in architecture, and has been part of the team developing the legacy of the London 2012 Games.


Populous_Radecic_ScottScott Radecic is a Senior Principal with Populous, a member of the firm’s Executive Group and the director of the collegiate and elite training market. He specializes in servicing University and National Football League clients. He has extensive experience in all areas of sports facility strategic planning, design, budgeting and project management. Scott has led the collegiate group at Populous since 1998, he and the collegiate team have worked on more than 100 campuses, addressing all aspects of collegiate facility development. His experience as an athlete at both the collegiate and professional levels, gives him a unique perspective to sports facility design.


Populous_Warrick_ChalmersWarrick Chalmers is a Principal at Populous and has spent the past 15 years working on the design, client liaison and project management of a number of stadia projects in Australia, New Zealand and England, including a five year period on Wembley National stadium in London. He was the Project Leader on the award-winning Skilled Park on the Gold Coast, Queensland,   the staged development of Simonds Stadium in Geelong as well as the redevelopment of the Sydney Showgrounds at Sydney Olympic Park into Skoda Stadium.  He has also developed a keen interest and is leading the firm’s Australian work in the emerging market of new elite training facilities.{jcomments on}

 

 

 

SCA Promotions Sues Lance Armstrong About Tour de France Bonuses

SCA Promotions, a Dallas promotions company says it will sue Lance Armstrong to recover more than $US12 million it paid him in bonuses for winning the Tour de France seven times.

SCA Promotions tried to withhold the bonuses in 2005 amid doping allegations against the cyclist.

The company wants its money back, plus fees and interest, now that Armstrong has admitted he used performance-enhancing drugs and has been stripped of those victories.

Armstrong testified under oath in 2005 that he didn’t use steroids, other drugs or blood doping methods to win.

A spokesman for SCA said on Thursday the lawsuit would be filed in Dallas.

 

NHL Owners Ratify CBA Deal

The NHL board of governors has ratified the new collective bargaining agreement that was provisionally agreed on Sunday.

The owners of all 30 teams in the league voted unanimously to ratify the proposed 10-year deal that was proposed after 16 hours of talks at the weekend.

An end to the four-month lockout is now subject to the new CBA being approved by the NHL Players’ Association, who are expected to cast their votes on Friday and Saturday.

If the deal is cleared by the players, a truncated 48-game regular season is tentatively scheduled to get underway on 19 January.

NHL commissioner Gary Bettman has also issued an apology to NHL fans frustrated by the 113-day lockout, and he admitted winning back their trust will take time.

“To the players, who were very clear they wanted to be on the ice and not negotiating labor contracts, to our partners who support the league financially and most importantly to our fans that love and have missed NHL hockey, I am sorry,” Bettman said.

“I know an explanation or an apology will not erase the hard feelings that have built up of past few months but I owe you an apology nonetheless. We have a lot of work to do.

“The National Hockey League has a responsibility to earn back your trust and support whether you watch one game or every game and that effort begins now.”