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Peter Kubik and Andrew Andronikou were appointed Joint Administrators of Convers Sports Initiatives plc on 25 November 2011.

The business and assets of the Company are now managed by the Administrators. Please note that the Administrators are agents of the Company and act without personal liability.
The subsidiaries of Convers Sports Initiatives plc are not subject to an Administration Order.

Statement from Peter Kubik, Partner at national...
29
Nov
“On the 25th of November 2011 my partner at UHY Hacker Young Andrew Andronikou and I were appointed as Joint Administrators to Convers Sports Initiative plc (CSI).” “CSI own a number of sports teams, media franchises and entertainment rights businesses.” “We were appointed as Administrators after uncertainty arose over the future of CSI. CSI has a number of sports related assets and we are very confident of finding interested buyers for these subsidiaries. Our aim is to ensure that the sale process is as smooth as it possibly can be.” “We will now be undertaking a period of due diligence at CSI and once that has...
Sébastien Ogier becomes first factory driver at...
23
Nov
Wolfsburg (23 November 2011). Sébastien Ogier has been signed as the first official Volkswagen driver for the FIA World Rally Championship (WRC). The 27-year-old Frenchman and his co-driver Julien Ingrassia (31) are joining the Volkswagen Motorsport squad effective immediately. Ogier, who finished the 2011 WRC in third place, will be instrumental in helping to shape the development of the Polo R WRC for Volkswagen’s 2013 entry in the World Rally Championship. “Volkswagen is the number one in Europe and will soon be number one in the world,” said an exuberant Sébastien Ogier on his arrival in Hanover. “I’m sure that...
CSI Statement on Snoras Bank Announcement
17
Nov
In the light of the recent events at Snoras Bank, Convers Sports Initiatives (CSI) would like to reassure its companies, staff, and the fans of its teams and events, that it remains very much business as usual. We are operationally unaffected by the Snoras Bank entering temporary administration. CSI has been solely financed through the private wealth of its owners. Snoras Bank has never provided funding for the purchase of a CSI organisation, nor has it lent any money to these businesses after they have been acquired. We continue to look at expanding the CSI business and hope to announce a number of further...
CSI Statement on Appleton Appointment
10
Nov
Convers Sports Initiatives (CSI) is very pleased to endorse the appointment of Michael Appleton as the new manager of Portsmouth Football Club (PFC), after a compensation package was agreed with West Bromwich Albion. We would also like to place on record our thanks to Guy Whittingham and Stuart Gray for allowing the PFC Board the time to conduct this managerial appointment process as well as thanking the loyal Pompey fans for their patience over the last three weeks. As a Board we set out a number of criteria against which to assess the calibre of manager required to progress the club. We received well over fifty...
Eight Months with NOS
01
Nov
Today marks the eight month anniversary of Convers Sports Initiatives (CSI) acquisition of North One Sport (NOS). The following press release looks at the development of the business since February and at the exciting future of the company. North One Sport is the rights holder of the FIA World Rally Championship, the Isle of Man TT, Clipper Round the World Yacht Race and Velux 5 Oceans Race. FIA World Rally Championship One of the most significant developments has been the innovation of WRC TV, with the introduction of the Championship’s first ever made-for-TV live “Power Stages”. Each rally has seen its final...
Five Months at PFC
01
Nov
November 1 marks five months since Convers Sports Initiatives (CSI) acquired Portsmouth Football Club (PFC). It is an appropriate point to look back at what has been achieved so far and what PFC and CSI hope to achieve together over the coming months and years. After the takeover, the immediate priority was to strengthen the playing squad and this included the permanent signings of Luke Varney, Greg Halford, Erik Huseklepp, Jason Pearce, David Norris, Stephen Henderson and Benjani, who are all now key first team players. Only Leicester City had a higher net spend than PFC in the summer transfer window outside the...
A Year With PPG
01
Nov
Today marks a year since Convers Sports Initiatives acquired PowerPlay Golf (PPG). The following press release discusses what has been achieved thus far and looks forward to an exciting future for the company. The first half of 2011 was focused on building towards, and learning from, the launch of the televised professional events. Proof of the concept was at Celtic Manor on the 30th May: • £10m sponsor media value delivered • x5 average viewing audience on Sky for the European Tour • Watched in more than 120 countries • Reached more the 150m households • 56% viewers ABC1 Adults Broadcast distribution: • 51 Africa...
Online Coverage of WRC in 2012
18
Oct
The World Rally Championship’s trial of live internet streaming from Rallye de France Alsace earlier this month proved such a hit with fans and teams that it could pave the way for similar coverage of some or all of the WRC’s 13 rounds in 2012. Fourteen hours of live action, captured by two helicopters and onboard cameras, plus service park footage and interviews, was available to view free of charge on a media player on the championship’s official website, wrc.com, as part of a pilot project to investigate future digital opportunities for the FIA-governed series. The exercise was also the first test of a new...
Boom! Cycle Officially Opens
17
Oct
Boom! Cycle today opened its doors to the public for the first time. Boom! specializes in indoor cycling, all day, every day. Each week, an array of classes, individually styled by BOOM!’s team of highly trained instructors and scheduled at times to suit everyone. The Boom! studio is based in Shoreditch, just a short walk from Old Street tube station (2-8 Scrutton Street, EC2A 4RT). With its exposed brickwork, industrial feel and street art flourishes, Boom! Cycle will take its inspiration from the surrounding neighborhood. Fully ventilated, the studio houses 39 top-of-the-range Schwinn AC Sport bikes, male and...
CSI Statement on Steve Cotterill
14
Oct
Convers Sports Initiatives (CSI) can confirm that Steve Cotterill will be leaving Portsmouth Football Club (PFC) and joining Nottingham Forest, after a compensation package was agreed between the two Clubs. CSI would like to thank Steve for his hard work and unwavering dedication towards PFC. He took over as manager during a period of extreme uncertainty and, with the limited resources that were available to him last season, he performed admirably. After purchasing the club this summer, we invested in the team to enable us to challenge in what is a highly competitive league. Although the results and performances...
WRC: Let the Countdown Begin
14
Oct
The countdown to Rallye Monte-Carlo, round one of the 2012 World Rally Championship, has begun after Albert II, Sovereign Prince of Monaco, formerly opened the WRC’s stand at Sportel in the Principality on Monday. Sportel, one of the most significant global annual sports media rights fairs, is taking place in Monaco from 10-13 October. WRC promoter North One Sport is in attendance to showcase the digital and television programming it is planning for next year and to update delegates on developments in the world championship. “Prince Albert is the patron of Sportel and used his visit to conduct the ribbon-cutting...
World Rally Championship to pilot live web content...
30
Sep
Stages from this week’s Rallye de France Alsace will be streamed live and exclusive on the World Rally Championship’s official website, wrc.com, as part of a pilot project to investigate future digital opportunities for the all-action series. World Rally Championship promoter North One Sport has made a substantial investment in the trial, which will be used to test the latest camera and streaming technology as well as to gauge the appetite among fans for live online coverage and more interactive content. The pilot is also the first test of a new partnership between North One Sport and digital specialist,...