Quote of the Day
"Corinthians is like a nation, a religion ... people are borrowing money from banks, from relatives to come here. They are quitting their jobs, selling their bikes, their cars, even their fridges."-- Corinthians fan Marcos Nunes, on how the club had 30,000 supporters in Tokyo for the Club World Cup. (CNN, 12/14)
Top Stories
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Man City Cuts Losses To $158M
Manchester City lost more than $158M during its championship season last year.
Winning the EPL title "incurred a loss" of £97.9M ($158.3M) for Man City, although that represented "half the deficit the club suffered the previous season when it finished third," according to Blitz & Bounds of the FINANCIAL TIMES. Man City "managed to cut its annual losses to £97.9M on the back of higher revenues," but said that "its wage bill had also grown." However, the club now "expects the wage bill to reduce in future seasons." The Premier League champions "declared a pre-tax loss of £189.6M for '10-11, the biggest annual loss in English football."
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Following Their Team
Rabid Corinthians fans generate $100M on travel packages to Club World Cup.
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Newfound Appeal
BBC plans live coverage of England's women's national team at Euro '13.
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Eastern Influence
NBA's Raptors sign partnership deal with China's Peak Sports.
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A Taste Of France
Leeds will host opening stages of the Tour de France in '14.
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A Fine Mess
UEFA flayed for "inadequate" punishment of Serbia over racism charges.
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Russians Think Big
Russian, Ukrainian clubs could form Super League starting in '14.
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White Knight
Salford official says troubled club could have new owner by next week.
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In The Hole
Bundesliga club Hamburg SV reports $8.7M loss in '11-12.
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Offering A Lifeline
Hinckley United, Port Vale offer to groundshare with Coventry City.
