Formula One agrees UBS deal

Swiss bank UBS has signed a deal to become a global partner of Formula One.

The agreement will officially begin at the Singapore Grand Prix in September and F1 hope it will represent a turnaround following the exit of several financial institutions due to the global economic crisis.

Last year Credit Suisse Group ended its sponsorship of constructor BMW Sauber. Dutch-based financial group ING also quit as Renault’s title sponsor in 2009.

UBS refused to reveal how much the deal was worth, but an official statement did say: “commercial attractiveness was a key consideration.”

UBS Group chief executive Oswald Grübel said: “UBS has been searching for a global sponsorship platform that has appeal to our clients, promotes our brand globally and makes good commercial sense.

“Our new partnership with one of the largest and most popular sporting organisations in the world will fulfil all these criteria, and it constitutes a key element of our newly launched branding activities. The global reach of F1 complements the many local activities we support.”

Formula One’s commercial rights holder Bernie Ecclestone added: “UBS is a global company where performance, teamwork and superior execution are integral to their clients’ success. These values complement those of Formula One and I’m delighted to welcome UBS to Formula One.”

 

Egypt to Host 2014 Women’s World Squash Championship

The 2014 Women’s World Squash Championship will take place in Egypt in December following an agreement reached this week between the Women’s Squash Association and Wadi Degla Holding. 

Offering a USD $150,000 prize-fund, the 2014 championship will be hosted by the Wadi Degla club in Cairo from 15-20 December, following three days’ of qualifying.

The 30th edition of the premier tournament on the WSA World Tour will be staged in Egypt for only the second time since the inaugural event in 1979.

“Wadi Degla is pleased to host the world’s most prestigious women’s squash event,” said the company’s Sports DirectorKarim Darwish, the world No10 and a former world number one. “Credit goes to Eng Maged Samy, who encouraged and fully supported the idea, despite the very short notice.

“Wadi Degla squash team is the national champion for the season 2013/2014, and the home club of local star Raneem El Welily, the world No3. So squash is definitely a major sport in the Wadi Degla sports community, and hosting this event will surely give Egyptian Squash a great push towards a whole new level.”

WSA CEO Tommy Berden added: “We are delighted to take the Women’s World Championship to Egypt in December. Squash is one of the most popular sports in Egypt and there a lot of young Egyptian players coming up rapidly, so it will be great to see them in action on home soil.

“We are very grateful to Wadi Degla’s chairman Maged Samy and the sports director Karim Darwish for making this event happen at their impressive facilities, and we look forward to working with them to make the championship a stunning success.”

The Women’s World Championship title is owned by the World Squash Federation (WSF) and managed by the Women’s Squash Association.

Leicester Tigers Announce Increase in Turnover and Profit

Leicester Tigers have announced today increased turnover and an operating profit of £482,000 for the year ending June 2014.

Leicester accounts the rise in matchday attendances, plus increased sponsorship and commercial revenues, as major factors in the increase.

In the twelve months to 30 June 2014, company turnover reached £19.4 million (£19.0 million in 2013) and operating profit rose by more than 20% from £396,000 to £482,000. 

Season ticket numbers for 2013/14 reached a figure of 14,945, and there were strong performances in sponsorship and corporate sales as well as an increase in central revenues.

Club chairman Peter Tom CBE said: “Our significantly improved financial performance in 2013/14 is a tribute to the strength of support for the Leicester Tigers, its relationships with many major commercial partners and to its business strategy.

“A strong financial performance also reflects the club’s diverse revenue streams.

“Revenue on match ticket sales was £5.6million and there was a 7% increase in revenue from season tickets with the number of season ticket holders rising to just under 15,000.

“The loyalty of our supporters remains at the heart of the club. As attendances continue to grow, the team attracts increasing numbers of family groups and young supporters, and the number of groups from outside our immediate area also reflects the strength of that support.

“On behalf of the Board of directors, I thank all of the players, officials and staff who work so hard for the club to achieve these impressive results and maintain the growth of the business.”

Board Members Announce Departure

In announcing the results, Chairman Peter Tom thanked Garry Adey and Roy Jackson who are leaving the Board after lengthy service to the club in both the amateur and professional eras.

“As a former player, Garry’s links with Tigers date back to 1967 and he gave outstanding service in 381 senior appearances as well as being capped by England, while Roy has been associated with the club since 1982,” added Tom.

“As they leave the Board, they are awarded Life Membership in recognition of their service.”

The Leicester Tigers board will welcome two new executive directors – Andrea Allen as Commercial Director and also Ian Walker as Finance Director.

“Both Andrea and Ian have already played significant roles as part of the club’s senior management team and we look forward to their contribution at Board level,” added Tom.

FIFA Launches New TV Advertising Campaign for World Cup

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FIFA has launched a global TV advertising campaign for the 2014 FIFA World Cup in Brazil to highlight global football development and highlight the fight against discrimination and match manipulation.

The animated TV campaign, called Elements, features 30-second and 15-second spots and will be beamed to audiences across the world by FIFA’s Media Rights Licensees during the FIFA World Cup in Brazil.

FIFA’s Media Rights Licensees allow FIFA to show institutional and social campaign spots as part of their agreements to broadcast matches from the FIFA World Cup, and to support FIFA’s development work and football across the globe. This gives FIFA access to a potential viewing audience of billions of football fans during our flagship competition.

“This huge platform gives FIFA an amazing opportunity to speak to a global audience,” said FIFA Director of Communications & Public Affairs Walter De Gregorio. “And we wanted to use this platform in the right way – to tell the world there can be no place for discrimination of any kind in football, or in society, and to raise awareness around the threat of match manipulation.”

“We also felt it was crucial to let more people know about our work in football development, which is where so much of the proceeds from the FIFA World Cup go to. Few people know that FIFA invests more than half a million dollars every day in developing football everywhere, from the grassroots up.”

London-based agency Klein & Sons produced the Elements campaign, working with specialist Dutch animator Rogier Wieland.

UEFA Appoints Vero to Help with International Communications

European football governing body UEFA has appointed VERO Communications to help develop and support its international communications activities.

Working closely with UEFA President’s Chief of Press, herbal  Pedro Pinto, VERO will provide strategic communications support on a range of key issues and the promotion of major milestones in the European football calendar.

Pedro Pinto, UEFA President’s Chief of Press, said: “On behalf of European football UEFA is implementing important new initiatives such as Financial Fair Play and is further promoting our national team and club competitions. We therefore welcome the support of VERO to help us strengthen our communications in these areas.”

Mike Lee, VERO Chairman, said: “With an evolving European football landscape, UEFA is playing a key role in shaping the future and we are delighted to be joining the team to help develop and deliver effective communications to stakeholders and the international media.”

Bristol City to Adopt ‘safe standing’ Area at Stadium

Bristol City have become the first English club to install ‘safe standing’ rail seats at Ashton Gate.

The League One club is aiming to redevelop its historic home, starting this summer, and wants to include the rail seating in two stands, subject to the relevant legal hurdles being passed.

Initially, the safe standing areas will only be able to be used when Bristol Rugby are holding games at the stadium as current regulations prohibit their use for football matches – the Football League has agreed to lobby the Government for a change in rules.

Standing areas in stadiums in the top two football divisions in England were outlawed after the Taylor Report into the Hillsborough disaster in 1989.

The first block of rail seats was unveiled on Wednesday in front of dignitaries from the Football Association and Football League.

The club’s chief executive Doug Harman said: “If we are given the relevant permissions, this could be a great opportunity for Bristol City FC to become the first club in the Football League to install rail seating, as well as becoming a showcase for other teams up and down the country.

“At last week’s Football League meeting there was clear strong support from clubs for the League to approach the authorities for a relaxation and change in the regulations.

“We’ve received feedback from our supporters who are keen for the option of safe standing and with the proposed redevelopment of Ashton Gate and Bristol Rugby’s move to the stadium this summer, this seems to be the right time to explore this further.”

Malcolm Clarke, chairman of the Football Supporters’ Federation, added: “What we were often told for many years is that none of the football authorities were in favour of it.

“But that is clearly no longer the case as the Football League, after a very thorough consultation, have shown that a large majority are in favour.

“We hope that the Premier League now, at the appropriate time, will consider this – there are a number of Premier League clubs who are openly in favour – and then we can take the debate forward again.”

Mahindra Racing Becomes First Indian Entry to Join Formula E Grid

The FIA Formula E Championship is set ot have an Indian entry after Mahindra Racing, generic the motorsports division of the Mumbai-based USD 16.2 billion multinational Mahindra Group, advice today signed a deal with Formula E Holdings to join the grid.

“We strongly believe that Formula E can provide an excellent global showcase for our electric vehicle technology, denture ” said Mr Anand Mahindra, Chairman and Managing Director of Mahindra Group. “With advanced operations and expertise in electronics, IT, automotive technologies and manufacturing, we are already seeing the fusion of this technology into our electric vehicle operations. Racing will further accelerate that trend while Formula E is set to raise awareness globally about the benefits of electric vehicles.” 

Mahindra is no stranger to international motor sport, with Mahindra Racing already established within the two-wheeled world of the MotoGP World Championship.

Mr S P Shukla, Chairman, Mahindra Racing and President of Group Strategy said: “We are very excited about our new adventure with Formula E. Mahindra Racing is relatively young, but we have seen how racing delivers benefits to our organisation, not only from the brand perspective, but equally in terms of technology advances and motivation. This is an excellent addition to our racing portfolio and we are looking forward to a successful future in Formula E.” 

Mahindra Racing Formula E Team will now be put forward to the FIA for final approval as the eighth team to enter the championship. They join IndyCar outfits Andretti Autosport and Dragon Racing, Asia’s China Racing and Super Aguri and European squads Drayson Racing, e.dams and Audi Sport ABT. 

Alejandro Agag, CEO of Formula E Holdings, added: “We are very proud to have a major global company like Mahindra join the FIA Formula E Championship. Adding a manufacturer from India to what is already a real global mix of teams is fantastic news for the series. Everything is coming together very well and we look forward to presenting all ten teams to the FIA World Motor Sport Council next month.”

Royal Portrush in the Hunt to Host the US PGA Championship

Royal Portrush has been revealed as a potential candidate to host the US PGA Championship if plans to stage the tournament overseas are approved.

The PGA of America has commissioned a committee to look into the possibility of holding the final major championship of the season outside of the United States.

The tournament will remain in the US until at least 2019, but PGA of America president Ted Bishop has admitted the search is already underway for an overseas venue.

Asia was rumoured to be preferred destination, but Bishop has declared his interest in taking the tournament to Portrush, which hosted its one and only Open Championship in 1951.

“Royal Portrush would be a great first international major,” Bishop told Golf Channel’s ‘Morning Drive’ programme.

“I think given the powerful effect that Irish golfers have on the professional game today, that might be a good place to start.”

Former US Open champion and Portrush native Graeme McDowell admitted the possibility of staging a major was “very bizarre,” adding: “It’s always been a dream of mine to play the Open there but the US PGA would do nicely.

“It’s very bizarre and an amazing statement. I couldn’t believe it and read it three times. I had heard the US PGA was looking at going global, which is a very positive step forward, but I was expecting Asia, not the north coast of Ireland.

“Even if it never comes to fruition it’s a great boost to be mentioned in that breath. My brother Gary is on the greenkeeping staff there and he will have a spring in his step.

“Having three majors in America with the way the game is growing is a little too weighted. It’s the fourth major of four so taking it somewhere else would really boost the interest. Asia, Australia or Europe would really embrace it.”

McDowell’s compatriot Rory McIlroy revealed the PGA of America had sought his views on the subject a few months ago, adding: “I spoke to Ted about it. He did not mention Portrush, just Ireland, but he has always liked Ireland as a venue.

“It’s a long way down the road, maybe 10 years or so, but I would love to play a major championship at home.

“They (the PGA of America) are very forward-thinking and want to think outside the box. It’s something the other majors have not done, they can’t really go elsewhere. I think it’s a good thing. It would be great to see.

“It would be huge. The Irish Open had a huge impact and everyone saw how well it was supported.”

Williams F1 Announces Further Losses

The Williams Formula 1 business has revealed losses have increased for the first half of this year adding to their pain as the team continues to struggle on the track.

The F1 business of Williams Grand Prix Holdings made a loss of £5.6m, up from £4.6m in the first half of 2012.

But Williams Grand Prix Holdings, the holding company of the Williams Group of companies, which includes Williams Grand Prix Engineering Limited and Williams Hybrid Power Limited, did reduce its loss overall.

The Formula One business recorded a turnover of £43.5m, closely matching the half year turnover for 2012 of £43.4m. Williams Advanced Engineering, the division of the Group that commercialises Formula One derived intellectual property and know-how, recorded a turnover of £11.2m (2012: £20.2m), with an increase in EBIT to £4.5m (2012: £3.7m)

Founder Sir Frank Williams said the firm was well placed to make progress.

So far this season, the Williams F1 team has only managed to win one point on the track after 12 races.

Speaking about the results, Williams said: “Whilst the 2013 Formula One season has not brought the sort of results expected of a team with our history and pedigree, these half year financial results show that we are well placed to make progress with our business on all fronts.

“We have made strong personnel changes this year that will aid in returning us to winning ways. Of particular note is the arrival of Pat Symonds as Chief Technical Officer, who brings unrivalled technical and leadership skills in addition to a proven ability to deliver on track results. We have also announced a long term engine partnership with Mercedes that puts us in a strong position to successfully negotiate next year’s regulation changes. The Williams F1 Team also announced a total of nine new sponsorship acquisitions, renewals and upgrades for 2013, with a strong pipeline of potential sponsors in place for 2014.”

Williams are one of the most successful teams in F1, but they have slipped from the pedestal they occupied when they dominated the sport for much of the 1980s and 1990s.

They have not won a championship since 1997 and last won a grand prix in 2012, when Pastor Maldonado won the Spanish Grand Prix, their first victory since 2004.

Match-Fixing on Agenda for Doha Summit

Match-fixing of soccer matches are set to be discussed by the top European leagues at the International Centre for Sport Security summit in Doha on Thursday.

Government officials, police chiefs and around 400 delegates are attending a two-day meeting in Doha where the issue of match-fixing is high on the agenda.

Football’s governing bodies have been keen to crack down on corruption since Europol’s recent claims that around 680 matches worldwide could have been fixed by Asian crime syndicates.

Four days ago the Football Association said there was suspicious betting activity in the Conference South.

In the wake of the claims an unnamed non-league player said he was approached about fixing a game while bookmakers refused to take bets on Chelmsford, Billericay and AFC Hornchurch.

The FA contacted all 22 teams in the Blue Square South and reminded players and officials of the rules surrounding gambling and match-fixing.

Former Metropolitan Police Commissioner Lord Stevens, who is in Qatar attending the International Centre for Sport Security summit, warned of the risk of corruption in the lower leagues.

“If you look lower down in other areas of sport and football is one of them,” said Lord Stephens.

“There is and will be an opportunity there to fix matches and fix matches in a way that brings lots of money for those people who are in other parts of the world and remember that’s where most of the betting goes on.”