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  • New Sunderland owner breaks the bank

    28 May 2009 | NewsInvestment, Soccer

    New Sunderland owner Ellis Short is believed to have spent a nine-figure sum to secure control of the club.Short, who had owned 30 per cent of the club since last year, has secured 100 per cent ownership of Sunderland - the north-east of England’s only Premier League club following the… [Read more]

  • English club’s new owner guarantees new stadium

    25 May 2009 | NewsInvestment, Soccer

    Brighton and Hove Albion, the English soccer club that spent much of the season battling relegation and with financial question marks hanging over it, has ended the season on a double positive.The club won five of its last seven games to preserve its status in League One, and can now… [Read more]

  • Kroenke creeps closer to Arsenal takeover bid

    12 May 2009 | NewsInvestment, Soccer

    Stan Kroenke’s share of Arsenal, the English soccer club, has crept higher by a miniscule amount.The American businessman, who spent US$61.04 million on Arsenal shares earlier this month, has acquired a further two ordinary shares, priced at US$10,300 each. The US$20,600 investment, tiny in comparison to Kroenke’s other purchases of… [Read more]

  • Kroenke splashes millions to take control at Arsenal

    5 May 2009 | NewsInvestment, Soccer

    The latest manoeuvres in the boardroom battle at English soccer club Arsenal have seen American businessman Stan Kroenke overtake Russian billionaire Alisher Usmanov’s shareholding.Kroenke has spent US$61.04 million to take his shareholding in the club to 28.3 per cent, becoming the club’s biggest shareholder for the first time. He steals… [Read more]

  • Beach volleyball tour in new hands

    23 April 2009 | NewsInvestment, Miscellaneous

    RJSM Partners has secured a controlling stake in the AVP Professional Beach Volleyball Tour.The tour, which claims to have revenues of some US$25 million per year, will now be two-thirds owned by RJSM, which bought 25 per cent of the organising body, AVP Inc, for a reported US$3.5 million last… [Read more]

  • Reubens edge closer to grand racing empire

    19 April 2009 | NewsInvestment, Horse Racing Contract

    The Reuben brothers, Simon and David, have spent some US$3.25 million in purchasing more than 11.6 million shares in racecourse operator Arena Leisure. The Reubens are already owners of rival operator Northern Racing and through the latest aquisition have increased their stake in Arena Leisure to 26.21 per cent -… [Read more]

  • Russian state bank takes control of soccer giants

    16 April 2009 | NewsInvestment, Soccer

    Russian state bank VTB has taken control of Russian soccer club Dynamo Moscow in a deal which sees the club’s US$290 million debt converted into shares for the bank.VTB, which will now own 74 per cent of the club, one of the most famous and storied in Russian sport, will… [Read more]

  • Kroenke makes his move in Arsenal boardroom war

    31 March 2009 | NewsInvestment, Soccer

    American businessman Stan Kroenke has increased his share in Arsenal to just over 20 per cent after purchasing 5,000 shares from fellow director Danny Fiszman at a cost of US$60.7 million. The deal could prove pivotal in the Arsenal board’s battle to stop Alisher Usmanov forcing a hostile takeover of… [Read more]

  • Portland lands record US$40 million MLS franchise

    23 March 2009 | NewsInvestment, Soccer

    Portland has been named as the 18th Major League Soccer (MLS) team after securing a franchise that will see it join the league in 2012. MLS commissioner Don Garber has agreed a deal with Portland native Merritt Paulson which is believed to value the franchise at US$40 million.Paulson, who was… [Read more]

  • Vancouver Whitecaps secure MLS place

    18 March 2009 | NewsSoccer, Investment

    Vancouver has secured a Major League Soccer (MLS) franchise, and will be the American soccer league’s second Canadian team after Toronto. The Vancouver Whitecaps, which currently play in the United Soccer Leagues’ first division, will take their place from the 2011 season onwards. Whitecaps owner Greg Kerfoot, Candian NBA legend… [Read more]