Industry Shorts: SailGP, Wolves, Stevenage FC

04 Jun 2019

By: Sport Industry Group

SailGP has named Tim Godfrey as its Chief Marketing Officer and Harvey Schiller as Strategic Advisor, while Christy Cahill has also been promoted to Chief Communications Officer.

Godfrey most recently held senior roles with ITN Productions and Formula E. In his new position, he will oversee SailGP’s broadcast, distribution, content, digital, branding and promotion.

Schiller is the Chairman of Schiller Management Group and Vice-Chairman of Diversified Search. He was previously Chairman and Chief Executive of YankeeNets, President of Turner Sports and the Atlanta Thrashers, Executive Director of the United States Olympic Committee (USOC), President of the International Baseball Federation and Commissioner of the Southeastern Conference.

Cahill has been promoted after joining SailGP in August as Communications Director. With 15 years of experience in the sports industry, Cahill most recently worked as Communications Director for the USOC. SailGP launched last year with a vision of taking sailing to the masses.

International gaming company ManBetX has been announced as the new principal and shirt sponsor of Wolverhampton Wanderers in a record deal for the Premier League club.

The long-term deal will provide ManBetX with brand exposure on the front of Wolves’ adult home shirts. The club’s academy shirts will continue to be sponsored by the University of Wolverhampton.

The deal has been signed ahead of Wolves’ first appearance in European competition for 40 years after the club qualified for next season’s UEFA Europa League.

Stevenage FC is offering supporters and investors the chance to buy shares in the club, with funds raised through the equity offering to primarily be used to increase the League Two team’s wage and transfer budget.

Chairman Phil Wallace is hoping to raise £1.2m by offering 12% equity in the club. Shares have been priced at £25 each, with a minimum subscription of £1,000 for 40 shares. The offering is available through sports investment platform Tifosy.

Shareholders will receive a 25% dividend should the club be promoted to League One, and an additional 75% dividend if it reaches the Championship. Shareholders will also receive voting rights on a one share, one vote basis and will have a say on issues such as kit design, club colours and stadium location.