Former Arsenal vice-chairman David Dein has sold his 14.5% stake in the club to
a Russian billionaire with rumours mounting that the latter’s company will now
stage a takeover of Arsenal.
Dein, who resigned from the club's board in April, sold his stake in Arsenal
for £75m to a firm co-owned by Russian billionaire Alisher Usmanov.
Dein has now been named as the company's chairman but has moved to dampen
speculation by saying that there is ‘no current intention’ to mount a takeover
The Football Association is to unveil new legislation clamping down on agents
acting for more than one party in a transfer as put forward by Lord Stevens’
recent report into the Premier League.
The Football Agents Regulations come into effect on Saturday and include
guidelines on dual representation, nepotism and overseas agents.
Despite the new regulations, the FA has admitted it only has limited powers
on dealing with third-party ownership, claiming the issue needs to be addressed
on a more wholesale basis by world governing body FIFA.
Newcastle United has dismissed speculation that retail billionaire Mike Ashley
is ready to sell his controlling interest to an Icelandic consortium despite
only taking over the Premier League club in June.
Media reports had cited that Ashley, whose Sports Direct firm has endured a
tough time on the stock market of late, had held talks with Icelandic
businessmen Palmi Haraldsson and Jon Asgeir Johannesson over a £135m-plus
takeover of Newcastle.
Rugby league club Castleford Tigers have dropped their proposed legal case
against the Rugby Football League in the wake of the punishment handed out to
rivals Wigan for breaching the Super League salary cap system last season.
Although the breach happened last season, the RFL only decided to dock Wigan
four points this year. Had the punishment been meted out last year it would have
seen Wigan relegated from the top flight instead of Castleford.
FIFA has provided further incentives to competing clubs in the much criticized
Club World Cup by increasing the prize money for 2007 to $16m and has also put
forward that Japan remain the host of the tournament in 2008.
The Club World Cup, which is vehemently opposed in many circles due to
further congestion of the annual fixture list, pits the champions of each
continent against each other.
The huge construction projects required for the London 2012 Olympics is set to
raise building fees in England by close to £4bn according to the Taxpayers’
According to the lobby group, overall inflation of building fees is one of
the ‘hidden costs’ of the London 2012 Games which will see £5.3bn invested in
construction and regeneration of the stadia and facilities required for the
A betting scandal has hit tennis after it was revealed that online bookmaker
Betfair is investigating irregular gambling patterns during a recent ATP
tournament in Poland.
Betfair has stopped giving payouts on a match at the recent Sopot tournament
which saw world number four Nikolay Davydenko withdraw from his game against
Martin Vassallo Arguello despite leading in the third and deciding set.
Betfair’s decision came after over £3.4m was bet before and during the first
set of the match which is over 10 times the sum typical for a game of this
The Scottish Rugby Union has dismissed claims from club franchise Edinburgh that
the governing body is close to insolvency and could be forced to sell
The SRU, which has been in dispute with Edinburgh since the franchise was
taken away from the governing body’s financial control earlier this year, has
defended its financial position.
SRU president George Jack wrote an open letter to member clubs reading: ‘I
would ask you to challenge such allegations wherever you come across them.
Manchester City’s new owner Thaksin Shinawatra’s hold on the FA Premier League
club is under threat after a leading human rights group challenged his takeover.
Human Rights Watch (HRW) claims Thaksin is "a human rights abuser of the
worst kind" and should not have passed the league's 'fit and proper person'
The HRW has subsequently written to the FA Premier League asking how a man
with Thaksin’s background passed the league’s ‘fit and proper person’ test which
the FA Premier League requires all club owners to pass.
Rugby league side Castleford Tigers are considering going to the courts after
rival Super League club Wigan were deducted four points for breaching the salary
Castleford, who were relegated from the Super League after finishing three
points behind Wigan last season, believe that governing body the RFL should have
acted more quickly in docking the points thus consigning Wigan to relegation in
place of Castleford.
Castleford chief executive Richard Wright says his club feel 'cheated' and
criticised the RFL for not acting more promptly.
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