MP & Silva Signs NBA Media Rights Deal Convincing Ratings For CL Games On Sky New Deal Boosts F1 Prize Money Maradona In Talks With Palestinian FA Sponsor Offers Grand Final Incentive Executive Transactions FC Nuremberg Reports Small Profit British Basketball Given New Funding Hope Names In The News Swansea Looks To Foreign Sponsorship
SBD Global/April 12, 2013/FinancePrint All
Scottish Football Club Dunfermline Athletic's interim administrators "have been given the go-ahead to continue their bid to save the football club," according to the BBC. Dunfermline had been granted interim administration last month after "facing a winding-up order" over a £132,000 ($203,000) tax bill in February. Insolvency practitioners Bryan Jackson and Robert Barclay "were given time to prove a rescue plan was in place." The duo from financial accounting company BDO International has now "been appointed as administrators." Counsel for Dunfermline Athletic Susan Ower outlined the steps taken by the interim managers during their time in post. She said that "they had met with directors to explain the implications of their appointment and met with staff to explain the effect on the company and the lack of funds to meet arrears of pay." A community strategy group called Pars United has been formed to help save the club (BBC, 4/11).
Germany sports retail chain SportScheck achieved a gross turnover of about €394M ($516.61M) for the fiscal year until the end of February, down by just 3.4% compared with its record sales the previous year (ISPO, 4/11). ... Under Armour has teamed up with former adidas Brasil President Marcelo Ferreira da Silva to set up a subsidiary for the American sports brand in Brazil. Ferreira da Silva is "to start working for Under Armour as a consultant and to lead the company’s Brazilian entity once it is up and running" (ISPO, 4/11).