LA Dodgers Sink Into Financial Trouble After MLB Reject Fox Deal

Los Angeles Dodgers of Major League Baseball’s (MLB) have been plunged into further financial trouble after the league rejected a 17-year agreement with News Corp. (NWSA)’s which may leave the team’s future and its ability to meet a June 30 payroll in doubt.

According to MLB commissioner Bud Selig, price the broadcast package, erectile pills which included a US$385m loan to the Dodgers, isn’t in the best interests of baseball.

Dodgers owner Frank McCourt responded that he’ll “explore vigorously our options and remedies.” The proposed deal with Fox was worth about $3bn, McCourt said at an April 27 news conference in New York.

The Dodgers have struggled to meet their last two payrolls and have another totaling about $30m at the end of this month that will include more than $8m in deferred compensation to former player Manny Ramirez, the Los Angeles Times has reported.

Steve Susman, one of McCourt’s attorneys, said in an e-mailed statement: “Commissioner Selig’s letter of rejection is not only a disappointment, but worse, is potentially destructive to the Los Angeles Dodgers and Major League Baseball.”

NHL Opener Won’t Take to the Ice in Russia Next Season

A deal for the Washington Capitals and New York Rangers of the National Hockey League (NHL) to open the 2011-12 season in Russia seems to be over.

Russia’s Kontinental Hockey League (KHL) President Alexander Medvedev stated: “It looks like we will not see much matches next season. And we have only one reason that the NHL due to their, sort of say, exclusively business-like approach.”

Reports suggest that the NHL asked for a guarantee of US$2-$3m for the trip to happen which the KHL saw as “unreasonable” as the Russian league would not have been able to break even “due to Russian hockey economic streams.” 

Speaking of the revenue guarantee claim, NHL Deputy Commissioner Bill Daly said: “I am not prepared to disclose the substance of our discussions, but I will confirm that the discussions did not result in an agreement to bring NHL teams to Russia for next year”

Havelange expects Teixeira tol make Fifa presidency bid

Former FIFA president Joao Havelange expects Brazilian Football Confederation president Ricardo Teixeira to seek the FIFA presidency in five years time.

In an interview with the Brazilian sports daily, Lance, Havelange said he talked Teixeira out of running for the presidency next year and advised him that it would be best to wait until 2015, after Brazil have hosted the World Cup.

Havelange said he believed that Sepp Blatter would be re-elected as FIFA president next June. Blatter was Havelange’s right-hand man at FIFA and served as secretary general for many years.

Havelange, 94, was FIFA president between 1974 and 1998, and is credited with revolutionising the organisation, from a Euro-centric amateurish governing body to a multi-billion global powerhouse.

Teixeira is chairman of the 2014 World Cup organising committee as well as being head of the confederation (CBF). Havelange insisted a successful tournament would prove his credentials for the top job at FIFA.

“Ricardo is dedicated, has 30 years experience,” said Havelange. “He would be a good president having administered the CBF. I think that would be justice in 2015.

“With a well organised tournament, he will demonstrate the ability to organize to FIFA. It is the opportunity of being present on the world stage.”

Teixeira was married to Havelange’s daughter Lucia Havelange for nearly 30 years, and they have a son together. Although they divorced in 1997, Teixeira, who was considered the protégé of the former FIFA president, is believed to be still close to him.

Despite his age, Havelange is still regarded as a hugely important figure in world sport. His behind-the-scenes work for the Rio de Janeiro 2016 Olympic bid was considered to be a crucial factor behind the IOC’s decision to award the Games to the Brazilian city in Copenhagen last October.

IRB Announces Record Investment Programme for 2014

The International Rugby Board (IRB) has announced a record investment programme for 2014, the second year of its current four-year (2013-16) funding cycle, despite recording a planned operating loss in 2013.

With Rugby World Cup 2015 set to deliver a record commercial programme and global participation at an all-time high of 6.6 million, funding invested and utilised by the IRB in 2014 (excluding Rugby World Cup 2015 related expenditure) will total £50 million.

It is anticipated that the core investment will remain at approximately this level throughout the four-year cycle, forecasting an investment of at least £193 million, eclipsing the previous cycle’s £150 million by 29 per cent.

The IRB’s consolidated financial statements for the year ended 31 December 2013 show a budgeted net loss for the period of £45.1 million, as adjusted for International Financial Reporting Standards (IFRS), which the IRB operates in line with global best practice. Under IFRS, the IRB defers revenues and direct expenditures for RWC 2015 until the year of the tournament. These results are in line with expectations and reflect the IRB’s commitment to promoting and developing Rugby worldwide.

The commercial programme for Rugby World Cup 2015 is set to achieve record levels, driven by confidence in the Rugby World Cup brand, particularly in the European market. Revenues are currently in line with budget but ahead of schedule with all worldwide partnerships completed in record time. The IRB also acknowledges the strong continued support of HSBC as the title sponsor for the HSBC Sevens World Series, with Sevens revenues on a strong growth curve.

IRB Chairman Bernard Lapasset said: “Our record investment is the driving force behind unprecedented growth in the Game with more than 6.6 million men, women and children actively participating. The IRB is committed to ensuring that the sport has the strong foundations from which to foster further growth and reach out and inspire new fans in major new Rugby markets, while ensuring a strong base.”

“We are committed to ongoing investment in our Unions, at all levels, and continue to collaborate with them and our regional associations to ensure that we service and support their strategic needs. We are also committed to supporting our high-performance and development Unions through unprecedented investment in competitions to prepare RWC 2015 and beyond to RWC 2019.”

Lapasset added: “These record levels of investment are made possible because of the continued growth of Rugby World Cup as one of the world’s most successful, best-loved and largest major sporting events, providing the IRB with the long-term financial platform to develop and grow the Game around the world.”

“The commercial programme for Rugby World Cup 2015 in England is on track to deliver a record net surplus for investment in the Game with our top level worldwide partner programme locked down in record time and with record value and a wider broadcast platform.”

IRB Chief Executive Brett Gosper added: “The IRB’s commitment to record development and growth in participation is reflected by the organisation’s diligence in maintaining reduced operating costs and strategically investing in the Game for the period 2013-2016 through targeted programmes, including training and education, player welfare, tournaments and high performance. We are also investing significantly in men’s and women’s Sevens as we count down to our Olympic Games return at Rio in 2016.”

Foot Locker Partner with Adidas to Launch New Ads with NBA Draft Prospect Dante Exum

Foot Locker, Inc., the New York-based specialty athletic retailer, has launched a new marketing campaign including a series of five new commercials in partnership with adidas featuring NBA Draft prospect Dante Exum of Australia.

The latest ads are part of Foot Locker’s successful “Approved” marketing platform and poke fun at Exum’s current “celebrity status,” or lack thereof, while centering on the idea that “Life Changes After the Draft.”

Each of the five spots will debut digitally on Foot Locker’s YouTube channel on Monday, June 23. The spots will also takeover NBA.com onWednesday, June 25. The spots will make their television debut on ESPN during the NBA Draft on Thursday, June 26.

“The NBA Draft is a once-in-a-lifetime experience, and we’re excited to partner with adidas to introduce Dante’s outstanding personality to American basketball fans and bring some levity to this special event with our ‘Life Changes After the Draft’ campaign,” said Stacy Cunningham, Executive Vice President of Marketing at Foot Locker.

“Working with Foot Locker on the ‘Life Changes After the Draft’ campaign was an amazing experience, and I am thrilled to be a part of the campaign,” said Exum. “The NBA Draft will certainly be a life-changing moment, and it was fun to be featured in these commercials that are going to help people see my personality.”

The Exum commercial series headlines a big week of draft activation for Foot Locker, which also includes the brand’s third annual SLAM draft suite on June 24 and 25, whereby exclusive interviews will be conducted to create new digital content with some of the top prospects in this year’s NBA Draft.

Manchester United’s Adnan Januzaj Signs with Agency Doyen Group

Manchester United starlet Adnan Januzaj has signed a long-term partnership with agency Doyen Group who will oversee the management of the player across all commercial activity, generic | PR and Digital Strategy.

The 19 year-old was recently named as the best teenager in European football by Italian newspaper Gazetta dello Sport following his breakthrough season with the current Premier League champions.

Adnan Januzaj said: “The next years in my career are going to be hugely important and it’s crucial to have the right people around me who will help guide me and manage my career professionally.  Doyen’s experience is second to none and I look forward to having them as part of my team.”

Simon Oliveira, managing director of Doyen Global added: “Adnan is not only a prodigious talent, he also has a fantastic attitude which will take him to the very top of the game. We look forward to working with him and being part of an exciting future that lies ahead.”

PGA Tour Expands Women’s Initiative, Astellas Remains National Sponsor

The PGA Tour is expanding its Women’s Initiative and renaming it PGA TOUR Woman. 

The objective of the change is to unify and grow the Tour’s community of female fans through shared attitudes and interests.

Encouraged by the 2013 response and growth of the onsite Executive Women’s Day program and Women’s Pavilion that are sponsored by Astellas, viagra 60mg the Tour will expand the concept by creating programs with new companies that embody the common ground among its diverse female fans.

According to Nielsen Media Research, nearly 83 million people tuned in to PGA Tour telecasts for at least 15 minutes in 2013. Of those, 46 percent were female.

“PGA Tour Woman is a platform created for our significant base of female PGA Tour fans that celebrates their widely varied interests, activities, lifestyle and aspirations,” said Donna Fiedorowicz, PGA Tour Senior Vice President of Tournament Activation and Outreach. “Based on the success we had in 2013 with Astellas as our Founding Partner, we are very excited about the potential PGA Tour Woman has to connect our female fans in a variety of meaningful ways and expand our opportunity to reach sponsors that might be more female-centric and have not yet considered partnering with us.”

Fiedorowicz said the PGA Tour already has had positive discussions with potential sponsors about their involvement with PGA Tour Woman to help build upon what already has taken place with the Women’s Initiative.

Astellas will remain the Exclusive National sponsor of the popular Executive Women’s Day events held on site at tournaments throughout the country.  Additionally, as the founding sponsor, Astellas will join other female-focused companies with the rights to PGA Tour Woman and on site activation at tournament sites.  Open to all fans, the Astellas Pavilion has been renamed “The Experience” and has been enhanced to include interactive games and activities focused on health and well-being. It will be showcased at 20 tournaments this year.

The Tour and Astellas Pharma US, Inc., a U.S. subsidiary of Tokyo-based Astellas Pharma Inc., announced in February 2013 a three-year agreement in which Astellas would champion the PGA Tour’s commitment to a new Women’s Initiative.

“Astellas is excited to continue its relationship with the PGA Tour as a sponsor of PGA Tour Woman,” said Pamela Buford, Director, Consumer Marketing at Astellas. “Through our sponsorship, Astellas will offer fans a range of interactive activities on site at tournament events as well as local community efforts that empower female fans to prioritize their personal health and wellness by having open and honest conversations with their doctor.”

United Autosports to Enter Team for 2014 British Touring Car Championship

United Autosports have announced they will enter the 2014 Dunlop MSA British Touring Car Championship (BTCC) after securing two TOCA BTCC licences.

The team will be fielding two Toyota Avensis touring cars for drivers James Cole and Glynn Geddie. James drove in the 2013 BTCC championship and Glynn won the European Supercar Challenge Championship with United Autosports in 2013. 

United Autosports, for sale which started competing in 2010, cheap will be entering their fifth year of competition and are looking forward to taking the next step in their relatively short existence. The British Touring Car Championship is one of Britain’s most popular and competitive series, giving United Autosports a new challenge for 2014. 

The team will contest GT races alongside the BTCC, appearing in the British GT Championship with Mark Patterson and Matt Bell in the Audi R8 LMS ultra, as well as contesting the usual overseas races: the Spa 24 Hours, Gulf 12 Hours, Macau GT Cup and the Bathurst 12 Hours. The team will also be entering a selected range of historic races in 2014, with the Zak Brown Race Cars of Distinction collection.  

Zak Brown, Team Owner, United Autosports, said: “The British Touring Car Championship is the most popular motor racing series in Great Britain outside of Formula 1. It’s seriously competitive, the racing is exciting and it’s commercially viable, as the capacity grids show. I’m thrilled that United Autosports are going to be part of the BTCC as well as continuing our strong presence in the British GT Championship.” 

Richard Dean, Team Owner and Managing Director, United Autosports, added: “We are really excited to be entering the 2014 British Touring Car Championship. It’s a new direction for the team and the BTCC is known across the country as a highly competitive championship so we are looking forward to taking on the new challenge. We have a strong driver line up in James and Glynn; James’ BTCC experience and Glynn’s pure driving skill will be invaluable to the team in 2014. We will still be entering the British GT Championship with Mark Patterson and Matt Bell, along with attending other overseas races throughout the year.”

F1 Majority Stakeholder CVC Plans to ‘Fire’ Ecclestone if Found Guilty

Majority Formula1 shareholders CVC have revealed they would ‘fire’ chief Bernie Ecclestone if he was found guilty of committing a crime with a jailed German banker.

CVC co-founder Donald Mackenzie told a hearing at London’s High Court on Monday that they would have no choice but dump the 83-year-old despite his hold on the business side of the Formula 1.

“If it is proven that Mr Ecclestone has done anything that is criminally wrong, we would fire him,” he said.

Ecclestone is up against a $100 million damages claim over allegations that he sold the business for too little when CVC became the largest shareholder in a deal agreed in late 2005.

Speaking further about the case, Mackenzie revealed a meeting with Ecclestone in February 2011 at which the Formula One head told him of the payment, despite earlier denials.

“He told me that he had had a meeting with one of his colleagues who had reminded him that he had made payments to Gribkowsky and he apologized for having forgotten this,” Mackenzie told the court.

“He told me he had never lied to me and I must say that I had trouble believing you could forget payment of $40 million,” Mackenzie said.

Gribkowsky, former chief risk officer at German bank BayernLB, was jailed for 8-1/2 years in 2012 over a $44 million payment made by Ecclestone and an Ecclestone family trust after the CVC deal.

{jcomments on}

Tyson Chandler Named First American NBA UNICEF Ambassador

The U.S. Fund for UNICEF today announced that NY Knicks’ Tyson Chandler is the newest UNICEF Ambassador.

Chandler—the first American NBA player to be named a UNICEF Ambassador—will fundraise, allergist educate and advocate on behalf of vulnerable children around the world.

In his first role as UNICEF Ambassador, erectile Chandler will light the UNICEF Snowflake this Friday on 57th Street and Fifth Avenue in New York City. The lighting ceremony will help raise awareness of areas of the Philippines ravaged by Super Typhoon Haiyan. The latest estimates indicate that as many as four million children could now be affected by the disaster. 

Following his gold medal win with the U.S. Olympic Men’s Basketball team at the London Olympics, Chandler travelled to Tanzania with the U.S. Fund for UNICEF. While in Tanzania, Chandler visited UNICEF-supported programs that provide children with life and vocational skills training and health centers for mothers of children with HIV/AIDS.

“Traveling to Africa with UNICEF and seeing kids who don’t have access to an education, or who are living on the streets was a life-changing experience for me,” said Chandler. “I’m incredibly honored to help raise awareness of UNICEF’s work that’s truly making a difference for the lives of children.”

In the U.S., Chandler has served as a strong advocate for the organization, raising awareness of emergency relief efforts and campaigns such as the UNICEF Tap Project to millions of basketball fans. An aspiring photographer, Chandler hosted a photo gallery exhibit in October 2012. Featuring powerful images from his trip to Tanzania, the exhibit generated thousands of dollars for the U.S. Fund for UNICEF. Additionally, Chandler donated the exclusive opportunity to spend a day with him during NY Knicks practice as part of the 2012 UNICEF Snowflake Ball live auction.

“Tyson’s deep commitment to saving and improving the lives of children is evident to those around him,” said Caryl Stern, President and CEO of the U.S. Fund for UNICEF. “We’re excited that he’s using his voice to help shine a light on the issues that children around the world face every day, such as lack of access to clean water or medicine.”

Chandler — who is in his third season with the Knicks after joining the team in 2011 – has quite a few career accomplishments. In 2012 he was selected for the NBA All-Star team and named the Defensive Player of the Year. In 2011 he helped lead the Dallas Mavericks to their NBA championship. Off the court, Chandler, with his wife Kimberly, is devoted to philanthropic efforts. In addition to their work with UNICEF, they launched ‘Rebound 4 Rockaway’ to help those affected by Superstorm Sandy in Far Rockaway, New York.

Chandler joins a roster of celebrities who have supported UNICEF over the years, from Danny Kaye and Audrey Hepburn, to Laurence Fishburne, Selena Gomez, Angie Harmon, Téa Leoni, Lucy Liu, Alyssa Milano, and Sarah Jessica Parker, among others.