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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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Australian Cyclist In Clash Over Sponsors

Industry lobby group Mining Australia has been "forced to pull its television and online advertising campaign" after the Australian Olympic Committee ruled it was in breach of strict advertising guidelines, according to Georgina Robinson of the BRISBANE TIMES. The "golden girl" of Australian track c ...

Tags: Olympics, Australia

Red Bull Sets Driver Line-Up For '13

Australian F1 driver MARK WEBBER "ended speculation surrounding his future" by signing a new one-year contract with Red Bull Racing for '13, according to Ian Parkes of the London INDEPENDENT. Webber "had been linked with a move to Ferrari" next year, but the 35-year-old "opted to remain with Red B ...

Tags: People and Pop Culture, Europe, Australia

London Olympics Will Feel 'Socialisation'

Leading marketers have predicted that the rise of "socialisation" as marketers' main focus at the London Olympics will "mark the end of the 30-second television advertisement as the staple of brand communications," according to Simon Canning of THE AUSTRALIAN. The marketing frenzy "is well and truly ...

Tags: Marketing and Sponsorship, Australia, Olympics

Australian Swimmers Want More Money

Swimming Australia has "hosed down a pay row with members of its Olympic team," insisting it will not negotiate pay with swimmers before the London Games, according to Simon King of THE AUSTRALIAN. Australian Olympic Committee boss John Coates has suggested that the swimmers should think themselves ...

Tags: Olympics, Australia

Nine Network Could Lose Olympic Rights

The Nine Network must confront a loss of up to $30M for its coverage of the London 2012 Olympics, as the "weak advertising market hitting every broadcaster fails to fully compensate for the expensive broadcast rights and production costs of the Games," according to Darren Davidson of THE AUSTRALIAN. ...

Tags: Media, Australia

UEFA Awards TV Rights In Australia

UEFA has awarded the '12-15 Champions League and Europa League media rights to SBS in Australia and Europa League media rights to Setanta in Oceania. Free-to-air broadcaster SBS will broadcast Champions League games each matchnight in addition to Wednesday highlights. For Europa League, SBS will bro ...

Tags: Media, Australia

V8 Supercars Return To Auckland In '13

The Auckland Council voted to bring the V8 Supercars back to Pukekohe, New Zealand, at a cost of $10.6M to ratepayers, according to the AP. Economic Development Minister Steven Joyce also announced that the government will "invest up to $2.2M on infrastructure upgrades" for the V8 Supercars event. T ...

Tags: Events and Attractions, Australia

Australia Committee Bans Sleeping Pills

The Australian Olympic Committee has banned its national athletes from the sleeping tablet Stilnox and are discouraging them from engaging in a "vicious circle" of using sleeping tablets to relax and caffeine to stimulate their performance, according to Korporaal & Kogoy of THE AUSTRALIAN. AOC P ...

Tags: Olympics, Australia

Network To Measure Social Media Ratings

Australia broadcaster Nine Network is "undertaking a ground-breaking research project" to coincide with its London 2012 Olympics coverage that will help advertisers "delve into multi-screen viewing habits," according to Darren Davidson of THE AUSTRALIAN.  The broadcaster is developing "a single ...

Tags: Australia, Media, Olympics

Sharks Rugby Looks To Secure Future

Australian Rugby League Cronulla Sharks have "moved another step closer to securing" their long-term future after the New South Wales government recommended the approval of the club's $300M redevelopment proposal, according to Stuart Honeysett of THE AUSTRALIAN. The NSW's Department of Planning and ...

Tags: Facilities, Australia

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