SBD Global/November 14, 2013/Finance

Print All
  • Bundesliga Club Borussia Dortmund Reveals Lower Profits During First Quarter Of '13-14

    Bundesliga club Borussia Dortmund "revealed lower profits than last year despite increased income from advertising, player transfers and merchandising," according to the DPA. Dortmund's revenue "has notably increased during the first quarter of the '13-14 fiscal year." The club said that its revenue increased by about 15% to €59.5M ($80M). However, Borussia's operative result before taxes and interest of €2.3M ($3.1M) is 45% lower in comparison to last year. The club's profit "also was only half as high as during the previous year," with close to €1.4M ($1.9M). The club said that "one of the reasons for the lower result is improvements to its roster" (DPA, 13/11).

    Print | Tags: Finance, Europe
  • Former Cyclist Jan Ullrich Sued By Former Employer To Repay Salary Of $402,000

    Former German pro cyclist Jan Ullrich "has been sued by his former employer Günther Dahms to repay three months pay" for a total amount of €300,000 ($402,000), according to the DPA. A court spokesperson said that a civil suit "has been scheduled at the Essen District Court for Feb. 12." Dahms accused Ullrich of "having used doping substances in '03 in violation of his contract." Ullrich said under oath in '08 that he "did not use any doping substances during his three months with now defunct cycling team Coast between Jan. 1-March 31, 2003" (DPA, 11/12).

    Print | Tags: Finance, Europe
  • Finance Notes: Spanish Clubs Cut Debt With Social Security From $13.2M To $6.8M

    The debt of Spanish football clubs "remains, but little by little, clubs are meeting their objectives." The total debt of the "clubs and Sports Limited Companies in Spain" with Spain's Social Security was €6.8M ($9.2M) on June 30. In Jan. '12, this figure was at €13.2M. The Social Security debt has "decreased since that time" by €6.4M (EL CONFIDENCIAL, 11/13). ... London’s main index was "off more than half a per cent at the open on Wednesday, led by British Sky Broadcasting as investors continued to take a dim view of its prospects following the loss of Champions League football rights to its rival BT." Sky shares "were the biggest fallers" -- down 3% at 815p. Shares in BT Group, which reported on Saturday it had successfully bid £900M ($1.4B) for exclusive rights to European club football competitions, "were flat" at 377.1p (FINANCIAL TIMES, 11/13).

    Print | Tags: Europe, Finance
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug