Gold Coast Fined For Salary Cap Breach Marketing Symposium: Global Sports Events Pacquiao Makes Pro Basketball Debut Executive Transactions West Indies Women Focused On Cricket Real Zaragoza Granted Meeting Swimming Australia Guarantees Bonuses SA Denies Interest In Hosting AFCON London Olympic Stadium Costs Soar IOC Seeking Bid Cities For 2024 Games
SBD Global/August 23, 2013/FinancePrint All
A NZ$1.8M ($1.4M) boost in salaries for the New Zealand All Blacks "will help retain leading players over the next three years," according to Liam Napier of FAIRFAX NZ NEWS. The "early Christmas present" could see the salaries of key players such as All Blacks captain Richie McCaw and playmaker Dan Carter rise to around NZ$650,000 per year -- an increase of around NZ$50,000 "each for the top earners." Once individual endorsements are factored in, New Zealand's premier rugby players "are expected to be nearing the magical" NZ$1M annual earnings mark. As part of the new collective agreement signed off by the New Zealand Rugby Union and Players' Association Wedneday, an additional NZ$23.1M "has been freed up for player wages" through until the end of '15. The NZRU's NZ$3.2M profit -- its first for five years -- "is a major factor in the wage pool" increasing from NZ$98.1M-$121.2M for the next three-year period. Under the agreement, players maintain 36.56% "of the NZRU's revenue." Salaries "will increase further with any sponsorship gains" (FAIRFAX NZ NEWS, 8/22).
Bundesliga club Borussia Dortmund "has generated record revenue" of €305M ($408M) and "record profit during the past fiscal year," according to BILD. The club generated a profit of €53.3M ($71M) during the '11-12 fiscal year. It "is the highest profit of a club in the history of the Bundesliga." Dortmund Managing Dir Hans-Joachim Watzke said, "If you substract player transfers, we still generated €253M ($338M) in revenue, which equals a plus of 35 percent." All in all, the club's revenue increased by €90M ($120M). During the championship season '11-12, Dortmund's revenue was €215M. In comparison, Bayern Munich generated revenue of €373.4M and a profit after taxes of €11.1M during the '11-12 fiscal year. Watzke said, "Borussia Dortmund is currently in a deceisive phase in terms of sustainability. We will never again incur debts for the sake of on-field success" (BILD, 8/22).
Korea's Culture, Sports & Tourism Ministry said Thursday that "it had set a goal of adding 40,000 more jobs in the country's sports sector," according to Lee Woo-young of the KOREA HERALD. The ministry has drawn up strategies to expand the sports market from 37T won ($32B) this year to 53T ($47B) won in '17 and increase the percentage of people participating in daily sports activities from 43% this year to 60% in '17 as part of its "Sports Vision 2018." The five-year plan "Korea Sports Vision 2018" "also includes strategies to host more international sports events and promote taekwondo overseas." The ministry said that it would increase the number of workers at int'l sports organizations from 96 in '13 to 115 in '17, "a move aimed at gaining a competitive position in bidding for international sports events" (KOREA HERALD, 8/22).
Kishore Biyani's Future Lifestyle Fashion has struck a deal with Iconix Lifestyle, a joint venture between the Iconix Brand Group and Reliance Brands, "to open stores for British sportswear brand Umbro." Reliance Brands, a unit of billionaire Mukesh Ambani's Reliance Industries (RIL), controls the India rights for more than 20 int'l fashion brands of Iconix as part of an equal joint venture "struck last year" (TIMES OF INDIA, 8/22). ... The Board of Control for Cricket in India posted a net income of Rs 350 crore ($3.6B), while its gross revenue stood at Rs 950 crore ($9.5B) during the fiscal year '12-13. The BCCI, "considered the world's richest cricket body," has earned a surplus of Rs 382.36 crore in '11-12 (PTI, 8/22).