Rangers to return to market to raise further £8m investment

Rangers

November 28 – Scottish club giants Rangers are seeking new investment to plug an anticipated £8 million requirement over the next year, but cash is likely to be needed as soon as January. The club said it will seek the funds via a fresh share issue after announcing an operating loss of £8.3 million for the year to 30 June 2014.

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Samara to spend £1.1bn across region readying for Russia 2018

Russia 2018 logo1

By Paul Nicholson
November 28 – More details of infrastructure build and budgeted spends are emerging for the 2018 World Cup in Russia. The Samara region is planning to spend more than RUB 77 billion (£1.1billion) in its preparations. While it has been announced that training bases will be set up in 20 Russian cities for national teams – World Cup matches will be played in 11 cities,

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Three FIFA exco members plus Beckenbauer facing investigation

beckenbauer president bayern

By Andrew Warshaw
November 27 – Three current FIFA executive committee members plus German legend Franz Beckenbauer, all of whom voted in the controversial 2018 and 2022 World Cup ballot, are reported to be facing formal disciplinary action as a result of Michael Garcia’s two-year investigation into potential corruption surrounding the vote.

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Romanian authorities launch probe into owners of Petrolul Ploiesti

Petrolul Ploiesti

By Jaroslaw Adamowski
November 27 – Romanian prosecutors from the Directorate for the Investigation of Organised Crime and Terrorism (DIICOT) have launched a probe into the two main shareholders of the Petrolul Ploiesti club, Daniel and Nicolae Capra, and Marius Bucuroiu, the side’s general manager. The three club officials were arrested together with four others on the suspicion of tax evasion and money laundering.

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India: ISL will merge with I-League by 2020

Kushal Das

By Mark Baber
November 27 – The All India Football Federation general secretary Kushal Das (pictured) has said that the Indian Super League will not be profitable for at least seven years but that it will be merge with the country’s I-League before 2020.

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