ITF Suspends Ilie Nastase WC Could Elevate Football In North America Police Arrest Suspect In Dortmund Attack Coventry City Owner Dismisses Bids European Clubs See Opportunity In China Reading Suitors Raised 'Red Flags' For EPL Executive Transactions Super Netballers Rule Out Strike Names In The News Sharapova Looks To Regain Appeal
SBD Global/March 14, 2013/FinancePrint All
FC Barcelona "has increased" its prize money for its Champions League campaign by €3.9M ($5.1M) thanks to its 4-0 victory over AC Milan on Tuesday, according to SPORTUNE. The team has now generated €20.5M ($26.7M) with its performance in this year's Champions League. The number does not include the bonuses it will receive from TV revenue. Paris St. Germain is still the leader in the clubhouse with €21M ($27.3M) generated from its results in the Champions League this season. Turkish club Galatasaray, which beat Schalke 3-2 Tuesday night to also reach the quarterfinals, saw its pay from UEFA reach €19.5M ($25.4M). Schalke leaves the tournament with €16.6M ($21.2M) (SPORTUNE, 3/13).
F1 CEO Bernie Ecclestone said that the sport's postponed flotation "could be re-launched later this year," according to Alan Baldwin of REUTERS. Ecclestone: "Last year I thought that the markets were not ready, but now it is getting more likely that there is an opportunity. In the next three months or so somebody will have to decide yes or no." The owners of F1 had been preparing a $3B IPO in Singapore last June but "decided to hold off as global markets tumbled and investor mood soured after Facebook's plunge in value following its flotation." Private equity firm CVC, the sport's "largest shareholder," has a stake of around 35.5%. Some 30% of the business is owned by investment groups Blackrock, Waddell & Reed, Norges Bank and the Texas Teachers' pension fund (REUTERS, 3/13).
Bundesliga club Werder Bremen "will again end the fiscal year with a noticable loss," according to SPOX. Club Exec Dir Klaus Filbry said, "We will again not have a positive result. However, the minus won't be as high as last year." The club has lost €14M during the previous fiscal year. This year's minus is expected to be around €8M ($10.4M). The financial numbers "are the consequence of the club's missing on-field success." But the expected loss "is no reason for concern." Filbry said, "Our financial situation is good. We don't have any debt, with €24M ($31M) a reasonable capital and therefore a very reasonable equity ratio. We are well positioned" (SPOX, 3/13).