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SBD Global/December 5, 2013/Finance

Finance Notes: Spanish Footballers Present Total Of 89 Claims Regarding Owed Payments

The Spanish Footballers Association (AFE) has brought to the Spanish Football Federation (RFEF) claims regarding club debts in the Spanish third division. There have "been 89 claims from 20 different teams" regarding a total of €503,365 ($682,000) in owed payments (AS, 12/4). ... German investor Michael Budzinski "has announced plans to sell his majority stake" in Hungary's Vasas SC, Budapest-based football club. Vasas "has a particularly strong following in Budapest's north-eastern Angyalfold district." In spite of this, over the past years, the Hungarian club "has been struggling to stay financially afloat" (INSIDE WORLD FOOTBALL, 12/4). ... Concerto Group has "reported an 11% increase in annual profits" to £9.3M in '12-13, compared to £8.4M in the previous financial period. It reported a 14.5% rise in operating profits to £465,111 as well as a 21% lift in turnover to £37.6M, which was attributed to "an increased market share and activities" surrounding the 2012 London Games (EVENT MAGAZINE, 12/4).
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