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La Liga Champion Atlético Madrid Cuts Debt By $115M Since Beginning Of The Year

Published in SportsBusiness Daily Global on 09 / 22 / 14

La Liga side Atlético Madrid has been "battling a long-standing debt issue in the midst of their success," according to INSIDE SPANISH FOOTBALL. The club has been running debts of around €200M ($257M) over the last five years, but from Oct.1, "this figure will be settled" to around &euro...

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Tags: Finance, Europe

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S. Korean Club To Be Named Seoul Eland

Officials announced that the new professional football club set to join South Korea's second division next year "will be named Seoul Eland FC," according to YONHAP. Eland, a local conglomerate with affiliates in retail, apparel and food service, last week "received the green light" from the K-League ...

Tags: Franchises, Asia

S. Korea To Meet With North Over Asiad

A government official said Monday that South Korea "plans to start consultations with North Korea as soon as possible on an array of pending issues related to the North's participation in the upcoming Asian Games," according to YONHAP. North Korea "will send a 273-member delegation, including 150 at ...

Tags: Olympics, Asia

Ecclestone Dashes '15 Indian GP Hopes

F1 CEO Bernie Ecclestone on Thursday asserted that the "troubled Indian Grand Prix has run out of time" for a '15 return and its organizers "must settle the contractual obligations for a possible comeback" in '16, according to the PTI. Ecclestone was "hoping the race organisers, Jaypee Group, will ...

Tags: Events and Attractions, India

CSM Launches PremierLeaguePass In Asia

Coliseum Sports Media announced its launch in Taiwan -- taking its online platform PremierLeaguePass.com, which showcases the EPL, to Asia for the first time. PremierLeaguePass aims to offer an alternative to the way football is consumed in the market, following the launch of the service in New Zeal ...

Tags: Media, Asia

ManU Launches Presence On Line

ManU announced details of a new presence on Asian social messaging platform Line, which could see the club engage with more than 490 million users across the globe. The club's presence on the social messaging platform will allow users to access ManU news, videos and imagery directly from their mobil ...

Tags: Media, Asia

Team Chennai Joins Indian Super League

Team Chennai has replaced the Sun Group-promoted Bangalore franchise in the Indian Super League football tournament "set to be held tentatively" from Oct. 12-Dec. 20, according to the PTI. ISL holding company Football Sports Development Private Ltd. CEO Anupam Dutta said, "The eighth team ...

Tags: International Football, India

Skating Shocked By Harassment Scandal

A sexual harassment scandal "was gripping Japan's skating world on Wednesday after pictures emerged" of show skater-turned-politician SEIKO HASHIMOTO "hugging and kissing" the now 28-year-old DAISUKE TAKAHASHI , according to CHANNEL NEWS ASIA. Hashimoto, a married mother of three and a former Oly ...

Tags: People and Pop Culture, Asia

Official: N. Korea On Major Sports Drive

North Korean Sports Delegation Head Yang Song Ho said on Wednesday that North Korea "hopes to harness the power of sport to raise its image on the world stage through international competitions such as the Olympic Games ," according to Peter Rutherford of REUTERS. In a "rare speech by a North Kor ...

Tags: Olympics, Asia

Fox Sports Acquires Europa League In HK

Fox Sports "acquired the exclusive broadcast rights for the UEFA Europa League in Hong Kong" for three seasons, starting with the '15-16 season, according to ADVANCED TELEVISION. This "is the first time Fox Sports has acquired the rights to the UEFA Europa League in Asia." The multimedia platform de ...

Tags: Media, Asia

Bach Wants To Use YOG As Test Model

IOC President Thomas Bach said that the IOC "wants to use the current Youth Olympic Games as a test model for a more sustainable approach to future Games' bidding processes and operations," according to Sun Xiaochen of the CHINA DAILY. Given the scale and cost of major sporting events, hosting the O ...

Tags: Olympics, Asia

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