Hulsizer Closes on NHL’s Phoenix Coyotes Buy-Out

The proposed takeover of National Hockey League (NHL) side the Phoenix Coyotes has moved further considerably after a new lease was agreed for the NHL team at Jobing.com Arena by the Glendale City Council.

Matt Hulsizer is hoping to renew the fortunes of the side which went into bankruptcy and has taken a huge step in doing so following the recent decision. The council voted 5-2 in favour of a lease which will cost the city US$197m over a six-year period. Hulsizer’s buy-out is now expected pending an approval from the NHL’s board of governors.

Hulsizer will receive $100m for parking rights from the city and a further $97m as a fee for operating Jobing.com Arena, giving him the option to buy the Arena after five years. The latest decision was seen as Hulsizer’s biggest obstacle and now a buy-out could be completed within a matter of weeks.

“I’m happy the council went this way and the hard work starts now,” said Hulsizer. “We have a long process, but in the end I think we’re going to build a great product.”

Hulsizer said he doesn’t expect the Coyotes to make money “for a long time”, but he added: “I will tell you that 10 or 15 years from now, I think, along with the economy, things are going to come back.”

ESS Sets Up Korean Sports Channel with SBS

ESPN STAR Sports and SBS Media Holdings are launching a new joint venture in Korea, sale SBS ESPN, which will feature local and international sports programming.

The new channel will deliver live and exclusive coverage of sporting events such as the Barclays Premier League, Scottish Premier League, French League, Asian Football Confederation (AFC); major Tennis Grand Slams in the Wimbledon and Australian Open in addition to the WTA Tour; as well as The US Open Championship, NCAA Basketball and International Skating Union events, among others. SBS ESPN will also feature local sports such as Korean football, basketball and baseball leagues. The channel will be broadcast entirely in Korean.

Manu Sawhney, ESPN STAR Sports’ managing director, commented: “We are very pleased to partner with SBS to enhance the overall experience of sports fans with the most comprehensive sports offering. It is always our endeavor to showcase the best sporting content from around the world to fans in the most entertaining, engaging and localized manner and we were very heartened that SBS too strongly shares this belief with us. This association with SBS reinforces our commitment to sports fans in Korea and we look forward to work closely with them to bring in more compelling and relevant offerings for fans in the market.”

Ha Kum Loul, SBS Media Holdings’ CEO and president, said: “We are excited about this venture with ESS. It is enhances our quality of services to Korean viewers as well as reinforces our reach to the world sports market. Given ESS and SBS’s vast experience and impressive records, both regionally and globally, we’re confident that SBS ESPN will continue to develop sports events and properties for sports fans.”

Sheffield Wednesday takeover falls through

English soccer club, Sheffield Wednesday have suffered a major setback in their battle against a High Court winding-up petition after the major financier in a proposed takeover withdrew his interest.

The club is due in court on November 17 over their debts to Her Majesty’s Revenue and Customs, with a fear of going into administration should no takeover be completed before that date.

A deal looked likely when the club announced three weeks ago that £2million of funding was to be advanced by a consortium led by Kevin Mundie, a senior executive at Certified Oilfield Rentals, which was seen as heralding a full takeover to follow.

But a spokesman for Mundie told the Yorkshire Post: “For business and personal reasons which are wholly unconnected with the club, Kevin Mundie and COR have regrettably felt they must withdraw from further involvement in the proposed purchase.

“Other consortium members are continuing to discuss further involvement and a statement will be made shortly.”

The Co-operative Bank had provided £800,000 to stave off a previous winding-up petition against Wednesday in September.

Former chairman Dave Allen, now majority shareholder at Chesterfield, says he is prepared to give up his 9.5% holding in Wednesday for nothing and also waive interests on his loans to the club as they bid to push through a deal.

He said: “If I get the £1.5m I loaned to the club back, without interest, I will give them my shares. In total, I’m owed about £2.4m but I’m prepared to take £1.5m.”

Koukash’s Interest in Buying NRL Club Picks Up Pace

Salford Red Devils owner Marwan Koukash has suggested it is “very, very likely” he will buy NRL club.

Koukash has been rumoured at possible buying the Newcastle Knights team and has also been reportedly interested in St George Illawarra.

“Is it likely? It’s very, very likely,” Koukash told BBC Radio on Friday (AEST) about buying an NRL club.

“Currently I’m in discussions and it’s going really, really well with at least a couple of the clubs over there and hopefully something will happen pretty soon.

“But it needs to be the right deal for me personally.”

And the 55-year-old gets what he wants.

Koukash put a broom through a cash-strapped Salford when he took over in 2013, changing their club nickname, roster, coach and – more importantly – their financial plight.

FILA Look to Update Brand Identity

FILA, generic the international governing body of wrestling, are set to change their brand identity by suggesting modifications to their name and logo.

The FILA Bureau, an executive committee overseeing the international governing body of wrestling, voted Friday to approve the name “United World Wrestling” as the new name for the sport’s international federation. The bureau also approved a new logo and steps to better improve the brand consistency of marquee wrestling events around the world.

The United World Wrestling logo will be released at a later date.

In approving the changes the FILA Bureau accepted that international wrestling needed to create a globally recognized brand that represents the core values of wrestling as well as the new energy behind an organization that only a year before was battling for its spot on the Olympic Programme. 

“I think in order for us to move forward, we needed to identify the shortcomings of the past and work hard to improve them,” said FILA President Nenad Lalovic. “I think that with a new visual identity that is both distinct and represents the values of wrestling, we all have another reason to be excited for the future of our sport.”

FILA has been working for the past several months with the branding agency Olive Grove to help develop the new name and visual identity. The plans include a strategy for creating visual consistency among the wrestling organization’s several World and Continental Championships.

The new name and logo will be proposed to the FILA Congress at their meeting which will take place in Tashkent, Uzbekistan on September 7, just prior to the 2014 FILA World Championships.

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JMI to Represent Le Mans Champion Tom Kristensen

Nine-times 24 hours of Le Mans winner Tom Kristensen has selected motorsport marketing agency JMI to represent his commercial interests.

JMI’s growing stable of motorsport talent already includes Formula 1 legends Sir Jackie Stewart and Niki Lauda, capsule four-time NASCAR champion Jeff Gordon and 16-time champion NHRA star John Force. 

Tom Kristensen is the most successful endurance racer in history, herbal claiming a record nine victories at the 24 hours of Le Mans, six of which were consecutive, as well as six wins at the 12 hours of Sebring. In 2013 the Danish racer won the FIA World Endurance Championship, which he will compete in again throughout 2014 with Audi Sport. 

“I strive always to work with the best and JMI has proved to be exactly that within their business area. I am looking forward to being part of JMI and working with them on exciting new projects”, said Tom Kristensen.

“Tom has long been someone we have admired here at JMI and having him trust us with his commercial representation is extremely gratifying,” said Zak Brown, Founder and CEO of JMI. “He already counts amazing brands such as Audi, Rolex and Michelin among his partners and we look forward to adding to that exclusive ensemble.”

FIFA Reveal World Cup Stadium Delay

With just over 100 days to go until the opening match of the World Cup, the Sao Paulo stadium which hosts the opening match of the World Cup will not be finished until less than four weeks before Brazil plays Croatia on June 12. 

Confirming further delays on Saturday, FIFA secretary general Jerome Valcke said the venue would not be ready “before the 15th of May.”

“We are 104 days before the first game in Brazil, in Sao Paulo, in a stadium which is not ready,” Valcke told reporters.

FIFA had hoped to get the Itaquerao stadium in mid-April, following delays when a crane collapsed in November killing two workers.

Referring to host cities Sao Paulo and Curitiba, Valcke said two of the 12 World Cup stadiums were “quite late.”

Arena da Baixada in the southern city of Curitiba was reprieved two weeks ago after threats it could be cut from the tournament. It is also scheduled to be handed over to FIFA in mid-May.

“It’s true that whenever you receive something late then it’s a challenge to make this thing ready on time,” Valcke acknowledged, though adding “it will work at the end.”

“The goal is that on the 12th of June until the 13th of July everything will be working well,” he said.

Valcke said the expected stadium delivery dates were not deadlines, but instead a matter of completing outstanding work to prepare the venues to host matches, media and sponsors. Equipping a stadium to World Cup working standards requires 90 days.

“We have to work in conditions where the cement is not even dry (and) we already put things in place,” the FIFA official said.

The World Cup had “full support” from Brazil President Dilma Rousseff and different levels of city, state and federal government bodies, Valcke said.

Despite often strained relations with Brazilian football and political authorities over World Cup preparations, Valcke said his latest observations were not negative.

“There is no criticism, there is just a challenge,” he said at FIFA headquarters. “For sure the stadiums are beautiful. It will work and you will have what you expected.”

Virgin to Race in Formula E Championship

British multinational company Virgin Group have announced today it will be on the grid for the Formula E Championship after signing an agreement with series promoters Formula E Holdings.

Based in the UK, the Virgin Racing Formula E Team will be headed by Team Principal Alex Tai and has the backing of Virgin founder Sir Richard Branson. Both have been involved in a number of pioneering technology projects in aviation, space and more recently racing.

“The launch of the FIA Formula E Championship is exciting news for racing fans but also for those that believe in developing the great electric cars of the future,” said Sir Richard Branson. “The need to create fast, dependable and durable race cars will help to accelerate the sector and showcase electric cars to a large global audience. With races around many famous city centres, I am expecting a lot of spectators, plenty of fun and some sparks flying as the competition hots up.”

Virgin will now be put forward to the FIA for final approval as the ninth of ten teams to enter the new zero emission championship, racing in 10 city-centres around the world. They join IndyCar outfits Andretti Autosport and Dragon Racing, Asia’s China Racing, Super Aguri and Mahindra Racing, and European squads Drayson Racing, e.dams and Audi Sport ABT.

Team Principal Alex Tai said: “I’m absolutely sold on the concept of Formula E and believe that it is a great fit for the Virgin brand. The accessible nature of the series with its races being right in the heart of our great cities, should create a wonderful atmosphere. 

“The drive to develop new technology appeals to Virgin, which has always been a pioneering organisation. I’ve been fortunate to have been involved in a number of such activities over years, from the Virgin Atlantic GlobalFlyer to Virgin Galactic activities that push technological and human boundaries and capture people’s imagination.

“We have hugely exciting plans and over the next nine months will be revealing new parts to our story on a regular basis, so I’d ask fans and the commercial world alike to ‘watch this space.'”

Conceived in 1970 by Sir Richard Branson, Virgin is a leading international investment group which has gone on to grow successful businesses in sectors ranging from mobile telephony, travel, financial services, leisure, music, holidays and health and wellness.

Alejandro Agag, CEO Formula E Holdings, said: “It gives me great pleasure to welcome Sir Richard Branson and the Virgin Team to Formula E and for them to have chosen the FIA’s new global electric race series to make their return to top-flight motor sport. Having a global brand like Virgin, renowned for their technological innovation and sporting passion, as one of our ten teams is a fantastic addition to the championship and shows their commitment to sustainable mobility.

“Today’s announcement now means we just have one team left to announce before the grid for the inaugural 2014/2015 Formula E season is complete.”

VirginFormulaE-Car

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Mecco & Compass Group Awarded Catering & Hospitality Contracts for Ryder Cup 2014

Organisers of Ryder Cup 2014 have announced they have awarded catering contracts to Mecco and Compass Group.

Mecco, supported by sister company Fresh Direct in Paisley, and Compass in Scotland’s Sport, Leisure and Hospitality division (part of Compass Group UK & Ireland), will work in partnership to manage public retail catering and hospitality for the global sporting event, which is expected to attract more than 250,000 visitors.

More than 1,500 temporary jobs will also be created with both companies recruiting in Scotland.

Mecco – who from the beginning of 2013 joined forces with Jamie’s Fabulous Feasts with the backing of Jamie Oliver Ltd and Fresh Direct – and Compass in Scotland will work closely with Scotland Food & Drink to showcase regional specialities and tasty seasonal fare to promote Scotland as ‘A Land of Food and Drink.’  

Mecco Managing Director Jeremy Wood said: “Our aim is to showcase Scotland’s wonderful and diverse array of food and producers by developing delicious seasonal menus in conjunction with Scotland Food & Drink for every facility, both in hospitality and on-course public areas at The Ryder Cup.  With our sister company Fresh Direct, whose Scotland operation is based in Paisley, we will source suppliers across Scotland to provide ingredients and products to create traditional and innovative Scottish dishes and menus.”

Neil MacLaurin, Business Development Director of Sport, Leisure and Hospitality at Compass Group UK & Ireland, said: “We’re thrilled to have been awarded this contract and will work closely with our fantastic network of Scottish suppliers to promote everything that is great about Scottish food and drink. Compass in Scotland is committed to helping Scotland grow; supporting Scottish suppliers is a vital part of this, as is supporting local communities through job creation. To deliver a first class, successful event we will be recruiting for a range of temporary roles and will be looking for enthusiastic people with a can-do attitude to support our Compass in Scotland team throughout The 2014 Ryder Cup.”

Edward Kitson, Match Director for The 2014 Ryder Cup, said: “Providing high-quality catering for tens of thousands of spectators and guests in temporary structures is a huge logistical operation. Both Mecco and Compass have proven track records in this field and we are confident they will deliver an exceptional experience for all once again. Clearly, the operation will deliver economic inputs, including an estimated 1,500 temporary jobs in Scotland, and we are pleased that the sustainable approach to sourcing ingredients from local producers and suppliers will benefit businesses in Scotland.”

Mecco and Compass previously worked in partnership at The 2010 Ryder Cup at the Celtic Manor Resort, Wales. It was calculated that the value of the catering produced a £2.5 million input to the Welsh economy, including temporary jobs, and this forms the basis of the estimated economic benefit to Scotland.

Indian Grand Prix Organisers Reveal Only 20,000 Tickets Sold for Event

The race organisers for the Indian Grand Prix Jaypee, who will not host a grand prix in 2014, have admitted that only 20,000 tickets have been sold so far for this year’s edition

“The excitement surrounding the event is less compared to past editions but we are confident of having the turnout of 2012,” said Jaypee chief Sameer Gaur.

“The latest number I have is that 20,000 tickets have been sold,” he admitted, adding that he expects sales to pick up considerably in coming days.

Mere days after India, Formula One will head to Abu Dhabi for the spectacular and hugely popular twilight race.

In total contrast to India, organisers of the Yas Marina event are expecting a sellout as usual, with less than 2,500 tickets still available.

“We’re expecting more fans than ever before,” said circuit boss Richard Cregan.