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©The Leisure Media Company Limited 2010 ISSN 0952/8210
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news & jobs at
www.leisureopportunities.co.uk Jongleurs announces expansion plans
Comedy club chain set to open nine new UK locations as part of £2m investment By Martin Nash
Comedy club chain Jongleurs is to invest a further £2m into its comedy and entertainment offering in 2010, with plans to launch nine new clubs nation- wide later this year. The new launch, which is the
result of a franchise agreement with Momo Leisure, will see new clubs opening in Cam- bridge, Liverpool, Manchester, Sheffield and Newcastle. They will join an already established venue in Nottingham which opened in April this year. Momo Leisure was founded
in 2009 by David Elphick, head of training at Poppleston Allen, and Jez King, a former Regent Inns Executive and divisional managing director at Laurel. Further expansion plans are already underway with Novus
Jongleurs is planning to continue its roll-out going into next year
Leisure, which opened the flagship joint venture at Sway in Covent Garden, London, in mid-May, with plans to open new clubs in Portsmouth, Croydon, Glasgow and Leeds. John Davy, co-owner of
Jongleurs, said "This fresh investment will help bring our unique offering to even more
customers and new audiences. The appetite for a complete comedy and entertainment experience is now stronger than ever." By the end of this year, there
is set to be a total of eleven Jongleurs clubs around the UK, with plans to continue the roll out programme into 2011.
UEFA set to implement new financial regulations By Pete Hayman
According to a UEFA survey
Football clubs across Europe will no longer be able to spend more than they generate in revenue as part of new rules designed to ensure the sport's financial sustainability. UEFA's Financial Fair Play
concept – approved by the continental governing body's executive committee on 27 May – will force clubs to balance their books and operate within their means. New regulations, which will
come into effect for financial documents for a reporting period ending 2012, also aim to reduce transfer fees and salaries, as well as promote long-term youth development. Clubs that fail to fulfil the
'break-even' requirements once the regulations come into effect
of more than 650 clubs, more than 50 per cent were making losses each year, while 20 per cent were spending 120 per cent of their revenue. The Football Association and
The rules aim to protect clubs from future financial problems
could incur initial sanctions during the 2013-14 season, based on financial information from the previous two seasons. UEFA general secretary
Gianni Infantino said: "The financial crisis has helped people become more con- cerned that something needs to be done – the spiral has to stop.
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www.leisureopportunities.com/digital
Premier League have expressed their commitment to support UEFA's measures and said that the "vast majority" of the proposals fall into line with existing English regulations. A joint statement said: "We
recognise the difficult task undertaken by UEFA in this process and we have asked that certain issues be moni- tored so as to ensure these rules do not create unintended consequences such as prevent- ing smaller clubs from having the opportunity to invest the resources required to compete at a higher level."
© Cybertrek 2010
IMAGE: BEN HARDINGE/FLICKR
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