SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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HISTORIC ITALIAN FOOTBALL CLUB BRESCIA TO CEASE OPERATIONS AFTER 114 YEARS. (PHOTO).

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 Historic Italian Football Club Brescia to Cease Operations After 114 Years


Brescia, Italy – June 7, 2025 — One of Italy’s oldest and most storied football clubs, Brescia Calcio, will cease to exist after 114 years, following the decision by its current owner not to honour a €3 million ($3.4 million) debt.


The news has sent shockwaves throughout Italian football, as Brescia — a club with a rich history and a loyal fanbase — faces dissolution after over a century of participation in the Italian football pyramid. The debt, which was critical to the club’s continued operation and registration for the upcoming season, will not be paid, effectively sealing Brescia’s fate.


Brescia was founded in 1911 and spent many years fluctuating between Serie A and Serie B. It gained prominence in the early 2000s when Italian legend Roberto Baggio played for the club, captivating fans with his enduring brilliance. The club has also produced and nurtured talents like Andrea Pirlo, who began his professional career there.


The current owner, whose identity has become the focus of criticism from supporters and local politicians, has not released a full statement but reportedly declined to settle the €3 million obligation required to secure the club’s professional status. This default means the club will be excluded from all professional competitions and likely liquidated.


Supporters held a vigil outside the Stadio Mario Rigamonti, expressing anger and heartbreak at the loss of a club that represented more than just football — a symbol of community and tradition in the Lombardy region.


Local authorities and former players have called for action to resurrect the club in some form, potentially through a phoenix club model — a new entity that may begin in the lower amateur leagues.


For now, however, Brescia Calcio, a cornerstone of Italian football heritage, is set to vanish from the professional landscape, marking a somber moment in the history of the sport.

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