With UK banks not lending, sports have to be creative on their financial developments. New research from the University of Cambridge proposes that there is a lot of money that is yet to be utilized from supporters.

One scholar who studies alternative finance at Cambridge Judge Business School reported that it would be challenging for sports franchise to access traditional bank loans. A reason as to why banks will not offer a loan to a sports team is because they believe that there is a reputational risk. How does this play along? They say that when you lend to a club and things go wrong, then there will be a problem with the team’s fan base.

A way to raise funds that is becoming popular is crowd funding through the internet and in mini bonds. These are bonds for retail and cannot be resold and are on offer in minimal amounts to the direct clients.

One unique bond of its kind is the £25 million mini bond that was launched by the Jockey Club in 2013. This bond was used in the financing of a new stand at the Cheltenham race course. This is the first bond of its kind to be seen in the British sports world.

Research on this bond revealed that almost all the holders of the bond were fans of Horse racing and that their average age was over 60 years. One amusing thing is that they were diverting their idle money from building societies’ accounts. They got their attraction from the 4.75% interest rate and an additional 3% that was give back through loyalty points which would be offered back on tickets, drinks and food at the racecourses.

One thing that’s important about this Jockey Club is that they have managed to alter the psychological relationship they have with their fans. They have new experiences and they are now in need of more.

Paul Fisher who is the managing director to the Jockey Club Racecourses mentioned in a statement that the loyalty scheme has been a success; even though the interest rates earned from borrowing in the banks might have fallen. With this, it seems that the club would still use mini bonds to develop more courses in the future.

Another club that has followed in the Jockey Club’s footsteps is the Lancashire County Cricket Club that used similar tactics last November to earn themselves 3 million from a mini bond that earned the investors 5% interest rates and 2% on loyalty points. Wasps Rugby Club also sold out a £35 million retail bond after few days of introduction.

This is one interesting way for the clubs to raise money for their development. This shows that you could not only bet on your favourite clubs but you have the chance to invest in the clubs and earn guaranteed money in terms of interest rates and loyalty points bonuses.

Byeong-hun An is ranked as the 132 best golf player and finished on 21 under par. He was six shot clear from Spanish Miguel Angel Jimenez and Thai Thongchai Jaidee.

On fourth position was England’s Chris Wood who was 13 under and one shot clear of Italian Francesco Molinari.

This was the first win for this 23 year old in a world major tour, like the BMW PGA Championship. An is the 3^rd winner in this European Tour’s debut flagship event. His total win of 267 broke the record by two shots. He claimed the first prize worth £600,000 11 months after he earned £1,581 for his finish in the Scottish Hydro Challenge held at Aviemore on a joint 25^th position.

In 2009 he was the youngest ever winner of the US Amateur Championship at a tender age of 17 years.

An in a statement said that this is the 5^th major and the biggest event he has won and a lot of advantages come with it; he believes that he played to his best and he had a lot of confidence as he advanced to the last holes unlike when he started the game nervous. He believes that this event will change his life. He is the son to two table-tennis players. Jiao Zhimin is the mother who represented China while his father Ahn Jae Hyung competed for South Korea.

He advanced to the last hole with 6 shots ahead; this win has made him the first Asian to win the event.

He started off in the last round tied for the lead with Italy’s Francesco Molinari. Despite him picking up the shots at the second and fourth, a hat-trick kept him ahead because of a birdies made by Jaidee from the 5^th.

An ascertained his victory with birdie shots on the 15^th and 17^th as well as a par on the final which marked was a great performance.

Bristol’s Wood made a hole in one at the 14^th which made him win a car from BMW. This was a great return for him after spending 5 months sidelined due to a broken bone on his wrist which he suffered after falling over a tennis lesson in October.

This will be the second time that Didier Drogba leaves Chelsea but he hopes coming back on a different capacity. His game with Chelsea against Sunderland is his last with the team. He will not be retiring from football but he will be leaving Stamford Bridge in pursuit of his playing career.

He resumed to Chelsea last summer on a year’s deal and during his term, he has assisted in getting the club a 4^th Premier League title. Drogba believes that he needs to play for another more season but this would feel good for him if he played on a different team.

The 37-year old striker said that he has had dialogue with his manager and the board where they agreed to let him leave since it was up to him to enjoy the pitch more as he wishes. He is happy to know that the club wants him back and be part of the future team in Chelsea and he is pleased of the way they came up with the solution.

Previously, Drogba was in West London where he spent eight years from 2004 to 2012. He won 12 trophies and made one of the best scores against Bayern Munich in The Champions league of 2012.

Before he came back for the second time to Chelsea, he was playing in Turkey and China.

In a statement, Chelsea said that they are happy of Drogba’s participation and that they would always be pleased to have him back in Stamford Bridge.

Drogba first played for Chelsea in 2004 where he scored 157 goals in 341 appearances, prior to leaving in the dawn of the club’s Champions League victory. He collected 3 Premier League titles, 4 FA cups and 2 league cups in his first stint in London.

Drogba has played in 39 matched across all kinds of competitions in this term and has scored 7 times and helped his fellow team players in securing a Premier League and League Cup double.

CEO to Chelsea said that Drogba was a legend in Chelsea and that he will always be a part of the family. Ron Gourlay says that he will be leaving to higher grounds and that his big contribution to Chelsea’s success is huge and contributed a lot to the team’s success.

Sources have pointed out that Scott Skiles has emerged as a strong frontrunner in becoming the head coach of Orlando Magic. The general manager to the Magic has carried out discussions on some of the possible candidates but Skiles remains to be the most preferred candidate.

This far, Orlando Magic does not show much inclination into getting a new coach. Sources indicate that soon the team might advance to contract negotiations.

Skiles who is 51 years of age has been a preferred choice to Orlando and the bookies’ favourite. The team has been fond of him since he was playing with them in the 1990s. Skiles is a good fit for the candidacy profile that was privately outlined by Hennigan. They were looking for a coach who has had a successful head-coach experience and have the ability to upgrade Orlando’s defence and accountability.

Skiles has had a successful career with the Phoenix Suns, Milwaukee Bucks and Chicago Bulls. He has worn out his welcome and has only lasted about three seasons with each of these teams. While he coached these teams, he has a record of 443-433 (18-24 playoffs) all these in 13 seasons. Skiles is known in his abilities to assist in turning teams around. He transformed Bulls from a 19 win in 2004 to a 47 win in 2005 in his first of the two seasons he coached the team. During his time in the Bucks, he took the team from 34 wins in 2009 to 46 wins in 2010.

In case Skiles is hired for the job, James Borrego who acted as the interim coach for the team after Jacque Vaughn was fired might be asked to remain as a member of staff acting as an assistant coach. There was a notable improvement under Borrego even though the team finished on their fifth worst record of 25-57.

The Magic organization believes that the team needs to start showing progress in the upcoming season. The expected coaching hire will get the best of the most in Magic’s young members like Aaron Gordon, Nik Vicevic, Victor Oladipo and Elfrid Payton.

Comments from Ben Gordon who was coached by Skiles during his times in Chicago Bulls said that he was tough on young players but it was through this that he became a better player and won his 6^th man of the year award as a rookie.

On Wednesday there was a dinner hosted by GeekWire that was held to talk about sports and technology. In the dinner that Microsoft CEO Satya Nadella revealed his plans multimillion dollar partnership they had set with Real Madrid Football club there was more to his speech that touched on sports and technology.

He said that sport was one of the industries that was greatly receiving transformation with the advancement in technology as well as data digitalization. This was evident as in attendance to the dinner that was held in Seattle were sport personalities including an NFL linebacker, Olympic medalist, Veteran Journalist among other individuals relevant to sports. There was a lot on discussion during the event among the topics of discussion on how injuries had been prevented and performances of players improved by the use of wearable trackers. There were also talks on how by indulging fans using technology, the fan base would be improved both in and out of the arenas and Stadia.

Those who attended seem to have good and positive response after the diner. Adrian Hanauer, who is the owner of Seattle Sounders said that this had not been invested on and would greatly help on the fans on how they get to watch the game. This would go a long way in helping in the availability of the tickets to the fans and as well as influence greatly on those fans watching the game through TV.

From the player’s point of view, Kevin Pierre- Louis who is s linebacker for the Seattle Seahawks also shared his opinion on the matter. He said that he was excited on the use of technology to help improve player’s performance. He added that this was essential as it would help in prepping player’s body. Kevin said that many veterans had been in the past sidelined because of injury and with the technology this could be easily avoided. With the technology he added player’s performance could be easily monitored while on the field and thus predicting any ailment or injury in an early stage and thus treatment something that would have a great influence on an athlete’s trajectory.

Jennie Reed was the other sport personality that was interviewed after the dinner, and the 2012 silver medal winner and three-time Olympic cyclist showed her support from a financial perspective. She said that the data on sports was now available even to those countries that are not financially well off as the data can be obtained through devices that are cheap to acquire.