Quote of the Day
"The whole of the bonuses of the France team at Euro 2012 are frozen. It's blocked money, which may be redistributed or not."-- French Football Federation President Noël Le Graët, on holding back bonus money due the French team because of the players' off-field antics at the Euro 2012. (LE MONDE, 7/3)
ManU filed an initial public offering of up to $100M in the U.S., the EPL club announced Tuesday. The number of shares to be offered on the N.Y. stock exchange and the price have yet to be determined. Jefferies, Credit Suisse Securities, J.P Morgan, Bank of America/Merrill Lynch and Deutsche Bank Securities will lead the offering (ManU). The WALL STREET JOURNAL's Kristin Jones reported that ManU would become "one of the first sports teams to go public in the U.S. in more than a decade." The last team do to so was "the Cleveland Indians Baseball Co.," which launched in '98. ManU "reported a profit" of £38M ($60M) through March 31, up from £13.3M ($21M) from the previous year.
Barclays Bank and the EPL are close to extending their sponsorship deal for $55M a year.
Spain was the Euro 2012 winner on the pitch and financially, collecting nearly $29M.
Red Bull owner is looking to establish a new pro football team in Austria's second division.
Euro 2012 sponsorship pays off for Hyundai, Kia, according to German study.
Andy Murray will be swamped with sponsorship offers if he can pull off a Wimbledon victory.
The Brazilian gymnastics board removes Barbosa from team after sponsorship row.
French football boss Le Graët puts a freeze on Euro 2012 bonuses earmarked for players.
Irish Open is on a new path after record crowds, profits solidify place as "People's Tournament."
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