Fox Looks To Avoid Revolt Over Sky Bid 2017 Vuelta a España To Start In France Tokyo Gov. Urges Golf Club To Allow Women China Buying Racehorses At Record Pace Manor F1 Team To Retain Staff Radrizanni Aims To Repurchase Elland Road Kia, Tunisian FA Agree To Deal U.S. AG Reveals FIFA Case Is Ongoing Red Bull To Build Arena In Munich Executive Transactions
SBD Global/March 18, 2013/FinancePrint All
The J.League reported higher than budgeted revenue for the final nine months of '12 "partically due to donation towards earthquake disaster relief," according to JIJI. J.League budgeted 9.6B JPY, which was 58M JPY more than budgeted. Total expense was 9.8B JPY, which was 235M JPY less than budgeted. J.League saw a loss of 186B JPY during the span, but "since the balance carried over from the previous term" was 160B JPY and was not included in the total revenue, the substantial loss came out to be 26B JPY (JIJI, 3/15).
Bundesliga club FC Schalke 04 "has released its financial results" from the '12 fiscal year in which it lost €4.55M ($5.94M), according to KICKER. Just one year earlier, Schalke generated €5.57M in profits. The club said that the negative result is due to "player contracts that it signed over the last several years in regards to duration and salary." Schalke also generated €172.6M ($225M) in revenue, which is the second-highest amount in club history and in part due to its Champions League participation. The club's record revenue of €199.8M was set in '11. Schalke's liabilites decreased by €12.06M ($15.7M) and stand at €151.69M ($198M). Club CFO Peter Peters said, "We will continue to decrease our financial liabilites, although we can't rule out to finish the 2013 fiscal year with a loss as well" (KICKER, 3/15).