LTA Prize Funding Cut Sparks Fury Levski Sofia: Salaries 75% Of '15 Budget F1 CEO Sued By German Bank For $422M LNR Asks For Bids For Top 14 TV Rights League Notes Hopp To Become Majority Owner Of TSG Parma Owner Confirms Takeover Of Club Match-Fixing Law Doesn't Go Far Enough Allianz Arena Increases Capacity To 75K Munich City Council Approves New Arena
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SBD Global/July 9, 2012/Leagues and Governing Bodies
Published July 9, 2012
SWISS HOCKEY: SUEDOSTSCHWEIZ.ch reported that the Lakers Sport AG, owner of National Liga A hockey club Rapperswil-Jona Lakers, lost CHF159,000 ($163,000) during the previous fiscal year. The deficit could be kept small because the BOD and donors took over CHF1.8M ($1.85M) of the deficit. Despite the deficit, the team increased its budget by CHF1M ($1M) to CHF11M ($11.25M). Former board member Lucas Schluep succeeded Walter Villiger, who resigned, as club president (SUEDOSTSCHWEIZ.ch, 7/6).