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SBD Global/April 18, 2013/Finance

Finance Notes: Polish First Division LKS Lodz Declares Bankruptcy

Polish First Division side LKS Lodz "has declared itself bankrupt and unable to pay money owed to former players and coaches." The club has been "stripped of its license" to play in the First Division and will now "be forced to play two divisions lower in the fourth division" (INSIDE WORLD FOOTBALL 4/17). ... Nigeria's Boxing Board of Control has "appealed to the government to grant adequate tax rebates for corporate organizations that sponsor professional boxing in the country" (XINHUA, 4/17).
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