RLPA CEO Says Lawsuit Was 'Inevitable' Bayern Munich Launches Pay-TV Channel Sport England Releases New 'This Girl Can' Ad AS Roma Reaches Stadium Deal GAA Congress Passes Radical Changes IOC Pledges Changes To Bid Process Premiership To Stage U.S. Game In Sept. Aussie Apples To Sponsor Netball Australia MP & Silva, WorldSBK Extend Partnership Leicester Could Lose £100M If Relegated
SBD Global/May 1, 2013/FinancePrint All
Bundesliga club Borussia Mönchengladbach "has released its financial results for '12" in which it generated a profit of €15M ($20M), according to Karsten Kellermann of RP ONLINE. The club's revenue was €122M ($161M). In '11, Mönchengladbach had a revenue of €78M. The results, which were presented by club Managing Dir Stephan Schippers, "are a new record for the club." Schippers said, "It is a tremendous result." The club currently has 58,233 members, which are 6,000 more than the previous year. During the '12-13 season, 1.1 million attended the team's home games (one game left) at the Borussia Park, which equaled an average attendance of almost 50,000. Borussia Mönchengladbach has 280 sponsorship deals that generate €25M ($33M) for the club. In addition, team merchandise accounts for €10M ($13.2M) of the club's revenue (RP ONLINE, 4/29).
Chile's National Professional FA (ANFP) has come to an agreement with the Chilean national football team about the distribution of the prize money the country will receive from FIFA if it qualifies for the 2014 World Cup, according to EMOL. The ANFP decided that half the bonus money will go to the Chilean national team coached by Jorge Sampaoli. Based on the 2010 World Cup in South Africa, when Chile received $5.5M, Sampaoli and his players would receive $2.75M (EMOL, 4/30).
A financial advisor to the stars "is being sued by former England cricketer Paul Collingwood and his wife" -- who claim his negligent advice cost them at least £300,000 ($466,000) of their life savings, according to the MANCHESTER EVENING NEWS. Roderick Langham, who was managing director of Didsbury-based Sigma Wealth Management, "is accused of taking unnecessary risks with their money." Collingwood, 36, who retired from int'l cricket in '11, and his wife, Vicky, said that they invested more than £650,000 ($1M) through Langham. They say more than £400,000 ($622,000) of their savings "were put into 'high risk and unregulated collective investment' funds which 'did not suit their risk profile.'" Sigma, which according to its website counted former Bolton footballer Fabrice Muamba and Newcastle star Shola Ameobi as clients, "is now, along with Langham, facing a High Court damages claim from the cricketer and his wife" (MANCHESTER EVENING NEWS, 4/30).
The institutional future of Spanish second-division side Xerex will not be declared as soon as expected, according to Higinio Domínguez of AS. There was no meeting of the administration council on Monday and club president Rafael Mateos did not announce his resignation. There is currently is no scheduled council meeting. However, the club has said that although nothing is scheduled, "anything could happen." Xerex is working on an agreement with Hacienda, one that would help the club make payments to its players. If the team does not come up with a solution by July 30, it will move to the Spanish fourth division instead of the third division called second division B (AS, 4/29).