SBD Global/June 11, 2013/Finance

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  • Málaga, Spain Government To Work With La Liga Side Regarding Debt From Stadium Fees

    Málaga, Spain Mayor Francisco de la Torre said Monday that La Liga side Málaga owes "more than €1.6M" ($2.1M) to the three owners of La Rosaleda Stadium -- the town council, the administrative body and the Junta of Andalusia -- for use of the stadium, according to the EFE. De la Torre said the stadium co-owners want Málaga "to provide 'compensation' without having to pay." De la Torre: "The co-owners have an agreement since '04, and it has been respected by each owner." De la Torre referenced the €180,000 ($238,212) annual fee for the use of La Rosaleda. De la Torre said that he "hopes to have a meeting with those responsible for the club." Since two weeks ago, a meeting has been planned for Tuesday to "look for ways for Málaga to not have to make a make a payment." De la Torre said, "This has been our interest" (EFE, 6/10).

    Print | Tags: Europe, Finance
  • World No. 2 Golfer Rory McIlroy To Profit From Sale Of Luxury Yacht Company Sunseeker

    World No. 2 golfer Rory McIlroy "is one of the major beneficiaries as Irish private equity group FL partners sold its Sunseeker luxury yacht business to Chinese property firm Dalian Wanda" for more than €350M ($463M), according to Nick Webb of the IRISH INDEPENDENT. The firm's iconic speedboats "have been featured in James Bond films and have been used by the likes of Michael Douglas, Simon Cowell and Chelsea footballer John Terry." McIlroy "owns a stake in Portofino Investments," which held a 65% chunk of Sunseeker. He is likely to bag close to €2M ($2.7M) from the buyout (IRISH INDEPENDENT, 6/9).

    Print | Tags: Finance, United Kingdom
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