EFL Owners’ Test Abolished: Football Club Concerns Rise

Here’s a breakdown of the key details from the provided text, organized for clarity:

1. CFG (City Football Group) & Yokohama F. Marinos

* Current Relationship: CFG has a 20% minority stake in Yokohama F.Marinos, wiht Nissan owning 75%. The partnership involves CFG providing coaching, management, medical, and sports science expertise.
* Nissan’s Financial Issues: Nissan is facing financial difficulties, reporting £3.2bn in losses and planning 20,000 job cuts. This impacts the future of the sponsorship and partnership with CFG.
* Potential Changes: New terms may need too be negotiated due to Nissan’s situation. Nissan is exploring potential buyers for the club, creating a dilemma for CFG – whether to stay with new owners or potentially sell thier stake.
* CFG’s Position: CFG is monitoring the situation closely but has no immediate plans to buy out Nissan or sell its own stake.
* CFG’s Club Portfolio: CFG owns stakes in 13 clubs globally, including Girona, Palermo, Troyes, Lommel, Mumbai City, Sichuan Jiuniu, Montevideo city torque, Bahia, and Club Bolivar.

2. 2044 Olympics Bid

* Potential Joint Bid: Orlando, Tampa, and Miami are considering a joint bid to host the 2044 Olympics.
* Unusual Circumstances: Hosting the Olympics in the USA again so soon after the 2028 LA olympics, and a multi-city hosting model, would be unusual for the International Olympic Committee.
* Future Olympic Locations: Brisbane will host the 2032 Olympics, and the 2036 Games are expected to be between India and Qatar.

3. Liverpool Basketball Team

* team Withdrawn: A proposed new professional basketball team in Liverpool was cancelled.
* Cause: The cancellation is a result of the ongoing dispute between Super League Basketball (SLB) and the British Basketball Federation (BBF), which is headed for a High Court resolution.

Links to External Articles (as provided in the text):

* Autonomous Football Regulator: https://www.cityam.com/independent-football-regulator-launches-consultation-on-plans/

* Nissan Sponsorship & CFG: https://asia.nikkei.com/business/business-deals/nissan-ends-sponsorship-deal-with-manchester-city-owner-cfg

* Nissan Job Cuts: https://www.cityam.com/nissan-job-cuts-stretched-to-20000-reports/

* LA 2028 Olympics: https://www.cityam.com/people-and-organizations/la-2028-olympics/

* Brisbane 2032 Olympics: https://www.cityam.com/people-and-organizations/brisbane-2032-olympics/

* BBF/SLB Feud: https://www.cityam.com/british-basketball-federation-and-slb-clubs-welcome-fiba-intervention/