Menu
Finance

Finance Notes: Grainger Meets With 11 Sports Set To Lose Olympic Funding

UK Sport Chair Katherine Grainger met with the 11 sports that are losing all Olympic and Paralympic funding on Wednesday but admitted that she was "unable to promise them any money." The 11 are campaigning for every sport to be given a "base level of funding with extra money allocated depending on medal potential." Grainger said, "I wanted to meet them all so that they feel that they will be listened to, and I want to hear firsthand about their thinking and if, looking forward, anything can be done that is different" (LONDON TIMES, 8/30).

Low-cost fitness company Gym Group is "hoping to get some of its customers to flex their purse strings a bit more" and spend extra cash as part of a premium offering. For £5 ($6.46) extra per month, members will receive access to Gym Group's new product, Fitquest, a machine that assesses body composition and fitness levels, "as well as other benefits." The launch came as the company reported that its membership numbers rose by "nearly a fifth" to 508,000 in the six months to June 30. Revenue climbed 16% to £42.8M ($55.3M), while pre-tax profits jumped 75% to £5.9M ($7.6M) (London TELEGRAPH, 8/30).

SBJ Morning Buzzcast: April 26, 2024

The sights and sounds from Detroit; CAA Sports' record night; NHL's record year at the gate and Indy makes a pivot on soccer

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2017/08/31/Finance/Notes.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2017/08/31/Finance/Notes.aspx

CLOSE