Coca-Cola Championship strugglers Leeds United has confirmed reports that its
Elland Road ground has been sold to new owners for the second time in two years.
The club stated that Elland Road, sold by the financially stricken club's
previous board in November 2004 to Manchester businessman Jacob Adler, had been
sold on again to Teak Trading Corporation, a company based in the British Virgin
Event Scotland, the government funded organisation aimed at attracting events to Scotland, is to conduct a feasibility study to determine whether the country could viably bid to host rugby union’s 2015 World Cup.
The survey is being conducted with a view to Scotland and one or more other home unions potentially bidding jointly to host the 2015 tournament. Japan has already expressed its desire to apply to stage the event.
The remaining businesses operating on the 2012 Olympic Park site in East London will be forced to move after the Olympic organising committee LOCOG won a legal battle allowing it to purchase the land.
LOCOG had already negotiated the use of 93% of the land needed for the 2012 Games but the Compulsory Purchase Orders (CPOs), confirmed by Industry Secretary Alistair Darling, will ensure that the remaining businesses will be forced out.
The businesses affected by the latest move have been opposed to plans as they believe they warrant better compensation agreements.
The Race of Champions – motor racing’s celebratory event which pits title
holders from a range of series against each other – is to be staged in London
The 2007 event, taking place next December will be moved to Wembley Stadium
from the Stade de France in Paris.
Paris has hosted the popular Race of Champions for the past three years,
drawing crowds of more than 51,000.
Multiplex, the Australian developer of the new Wembley Stadium, is facing a
class action lawsuit by its shareholders.
Law firm Maurice Blackburn Cashman has reportedly lodged a £40m class action
on behalf of Multiplex shareholders.
The firm claims Multiplex failed to keep shareholders fully informed about
problems it was having with Wembley which ran into numerous construction delays.
Multiplex announced the project was making a loss in May 2005 but reports
claim that the firm was behind schedule and incurred cost overruns by August
The chaos that has surrounded the building of the new Wembley Stadium has
finally proved too much for the project’s chief executive Michael Cunnah who has
resigned with immediate effect.
Cunnah, who has been chief executive of Wembley National Stadium Limited for
the past four years, has overseen one of the most turbulent projects in sporting
history as the construction of the new arena was consistently hampered by a
spiralling budget, building delays and a major court case with Multiplex – the
firm hired to build the stadium.
The Lawn Tennis Association and the members of The Queen's Club have settled
out-of-court their legal action over ownership of the club, with the former
agreeing to sell the lease of the venue to the members for £35 million.
The settlement of the sale of the 120-year lease of the club to members for
£35 million is £10 million less than the original price agreed earlier in the
The transaction is due to be completed by the end of May 2007.
The Middle East’s emphasis on sport is growing after Qatar announced that it
will bid to host the 2016 Olympic Games.
The Gulf state, which has spent £1.3bn creating a sports city and is hosting
the Asian Games this month, has stated that it will put its hat into the ring
for 2016 and will continue to bid for Olympics until it is successful.
Sheikh Saoud bin Abdul Rahman Al-Thani, secretary general of Qatar's National
Olympic Committee, said: ‘Qatar is 100% committed to this cause. I'm confident
we will win 2016 but, if not, we will bid until we succeed.’
Everton FC has confirmed that it has entered into talks about moving to a new
stadium outside of the centre of Liverpool in nearby Knowsley.
Shareholders were informed of the decision at the club’s AGM despite
widespread fan disapproval of the plans.
Club chairman Bill Kenwright said: ‘I do not want to be the guy who moves
Everton away from Goodison Park, but it is not a financial option to remain
here. I have also been told by the council it is absolutely impossible to extend
the footprint of the club.
The IRB has received a record number of expressions of interest from
countries looking to host the Rugby World Cup Sevens tournament in 2009,
highlighting the growing popularity of the format.
IRB member unions Arabian Gulf, Australia, Netherlands, Russia and USA all
submitted detailed tender documents by last week’s deadline outlining their bid
to host the tournament.
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