SBD Global/January 3, 2018/Finance

Print All
  • Chelsea Reveals Financial Losses During Year Club Missed Champions League

    Chelsea revealed it made an operating loss for the year it was out of the Champions League in the latest set of annual financial results, according to Matt Law of the London TELEGRAPH. Although the figure of its loss has not been disclosed, the side managed to pull itself "back into the black thanks in main" to the £60M sale of Oscar last January. Oscar's departure to Chinese Super League side Shanghai SIPG contributed to a profit on player trading of £69.2M, which helped Chelsea report an overall profit of £15.3M for the year ended June 30, 2017. Chelsea's turnover increased 9.8% from £329.1M to £361.3M thanks to a "greater share of the Premier League broadcast revenue as a result of winning last season's title." The absence of Champions League football meant that matchday revenues for '16-17 fell (TELEGRAPH, 12/29). ESPN.com's Liam Twomey reported several new commercial partnerships also provided an "income boost," including the start of a three-year, £30M ($40.8M) deal with Thai energy drink company Carabao to sponsor trainingwear. Chelsea expects next year's results to be "boosted" by the return of Champions League broadcast revenue, coupled with the start of a 15-year technical partnership with Nike worth £900M ($1.22B). Other commercial arrangements "will also be explored" (ESPN.com, 12/29).

    Print | Tags: Finance, United Kingdom
  • David Beckham's DB Ventures Ltd. Earned £18.75M In '17, Documents Show

    David Beckham has pocketed a "staggering" £29M ($39.4M) "windfall from his business empire," according to Richard Moriarty of THE SUN. Beckham banked almost £1.25M ($1.7M) per month over the past two years from commercialization of his "brand." Documents filed at Companies House show Beckham's company, DB Ventures Ltd., banked an £18.75M ($25.5M) dividend in '17. He "already pocketed" £10.2M the previous year, bringing the "take home amount" to £29M. DB Ventures rakes in money from "licensing and other forms of commercialisation of the 'David Beckham' brand." Beckham, 42, has "lucrative deals with a number of global brands" -- earning as much as the Premier League's current top earners (THE SUN, 1/2).

    Print | Tags: Finance, United Kingdom
  • Trump-Owned Doonbeg Golf Resort's Revenues Rose By 30% To €6.5M In '16

    U.S. President Donald Trump's investment in the Doonbeg golf resort in Ireland "may be paying off" as revenues at the resort rose by 30% to €6.5M in '16, according to Gordon Deegan of the LONDON TIMES. Accounts filed by the Donald Trump-owned TIGL Ireland Enterprises Ltd. showed that the resort recorded pre-tax losses of €2.2M, of which operating losses made up about €800,000. Trump Doonbeg Resort GM Joe Russell said that the golf operation enjoyed "record green-fee business and a steady flow of new members joining the club" while there was also renewed interest in the resort's property operation. The Trump organization invested €8M into the resort in '16 and '15. Eric Trump, Donald Trump's son, oversees the Doonbeg resort. The combined €8M investment in '16 and '15 involved a redesign of the course by Martin Hawtree. The new course opened in May '16 after two years of renovations. These costs contributed to pre-tax losses of €2.2M in '16 with non-cash depreciation costs making up €1.3M of that amount. The €2.2M pre-tax loss for '16 was a 14% decline on the pre-tax losses of €2.57M sustained in '15 (LONDON TIMES, 1/2).

    Print | Tags: Finance, United Kingdom
  • Finance Notes: BHA Reveals Prize Money Will Rise To Record £160M

    The British Horseracing Authority revealed prize money for '18 will rise to a record £160M ($218M) as revenues from the betting levy and increased contributions from racecourses "flow into the sport." Those operating at the lowest levels in Flat and National Hunt racing "will benefit the most pro rata with the majority of races now having a total value" of at least £6,000 ($8,200). Appearance money "will also be introduced to try to encourage fields of at least eight runners, which in turn should stimulate betting" (LONDON TIMES, 12/30).

    Silva Int'l Investments announced it acquired a stake in Globe Soccer, which organizes and owns the rights to the annual Globe Soccer Awards in Dubai. Tommaso Bendoni of Bendoni Consulting will continue to lead the organization of the awards and remain a minority shareholder (Silva Int'l Investments).

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

Report a Bug