Italy
Cagliari dropped from America’s Cup World Series, as organisers claim Asian team inbound
Organisers of the 2015 America’s Cup World Series have confirmed an event that had been scheduled to take place this year in the Italian municipality of Cagliari has been dropped following the withdrawal of Luna Rossa Challenge from the 35th edition of the sailing showpiece, which is scheduled to conclude in the Bahamas in 2017.
AC Milan linked to Chinese business heavyweights and crowdfunding effort
A consortium of major Chinese companies is set to join forces with a crowdfunding initiative in a bid to acquire ailing Italian Serie A football club AC Milan, according to Chinese state news agency Xinhua.
Luna Rossa withdrawal sparks more angst for America’s Cup stakeholders
Chinese billionaire dismisses AC Milan talk
Chinese billionaire Zong Qinghou has rejected reports that he is planning a bid for AC Milan, amid the latest round of speculation surrounding the struggling Italian Serie A football club.
ICF awards events and tackles Agenda 2020
The International Canoe Federation (ICF) has awarded hosting rights for 10 world championship events and has revealed reform plans to tie into the International Olympic Committee’s (IOC) Agenda 2020 efforts.
Serie A’s Parma declared bankrupt
Italian Serie A crisis club Parma has been declared bankrupt this (Thursday) afternoon following months of financial difficulties.
Parma hit by fresh points deduction as bankruptcy hearing looms
Crisis-hit Italian Serie A football team Parma has been hit with a further two-point penalty for failing to pay its players’ wages, as the club prepares to face a bankruptcy hearing on Thursday.
Preliminary deal struck for Thai investment in AC Milan – report
Silvio Berlusconi, owner of Italian Serie A football club AC Milan, has reportedly signed a preliminary agreement to sell a 30 per cent stake in the team to Thai businessman Bee Taechaubol.
Parma granted emergency funds to finish Serie A season
Italy’s Serie A football clubs have voted in favour of granting €5m ($5.4m) in emergency funds to Parma in order to help the financially troubled team complete the 2014-15 season.
Serie A club debts hit €1.7bn – report
The total cumulative debt of football clubs in Serie A, Italy’s top division, has increased to more than €1.7bn ($1.9bn), according to newspaper La Gazzetta dello Sport.
Italy confirms interest in staging 2023 Rugby World Cup
The Italian Rugby Federation (FIR) has today (Thursday) become the latest national union to confirm its interest in hosting the 2023 Rugby World Cup.
FIGC and Lega Serie A criticised amid Parma crisis
The Italian Football Federation (FIGC) and Lega Serie A have been criticised after Parma’s match against Udinese on Sunday was postponed amid an escalating financial crisis at the former club.
Thai businessman confirms AC Milan investment talks
Thai businessman Bee Taechaubol has confirmed he has held talks with AC Milan about possible investment in the Serie A football club, but has denied suggestions of a formal takeover offer for the Italian giant.
Inter Milan appoints Somethin’ Else in fan engagement drive
Serie A football team Inter Milan has appointed London-based agency Somethin’ Else to create a new content strategy that aims to allow the club to better connect with its fans in Italy and around the world.
Lega Serie A signs off on goal-line technology
Maurizio Beretta, president of Lega Serie A, has confirmed that the top-tier of Italian club football has “unanimously” approved the use of goal-line technology (GLT) from the 2015-16 season.
World Rugby to trial Hawk-Eye technology
World Rugby, the global governing body of rugby union, will trial a new Hawk-Eye system in selected games in the Pro12 European club competition from this week ahead of the possible use of the technology during the 2015 World Cup.
Fininvest moves to deny Thai investment deal for AC Milan
Fininvest, the holding company of AC Milan owner Silvio Berlusconi, has denied reports that a deal has been struck to sell a substantial stake in the Serie A football club to a Thai consortium, with a view to the group securing outright ownership of the team.
Former Ferrari chief to lead Rome’s 2024 Olympics bid
Former Ferrari chairman Luca Di Montezemolo has been appointed to chair Rome’s bid for the 2024 Olympic Games, offering the Italian capital’s candidacy a high-profile figure with significant experience in both sport and business.