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National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

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Tags: Leagues and Governing Bodies, Australia

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10/22/14
Bochum Abandons Plan To Save Money

Second Bundesliga club VfL Bochum "has abandoned its plan of closing its women's football department to save money," according to SPIEGEL ONLINE. Public protests "have forced the club to retract its proposal." The club's supervisory board "voted to continue the women's football department at Monday' ...

Tags: Franchises, Europe

10/22/14
PSG's Biggest Revenue Stream Is 'Other'

Ligue 1 side Paris St. Germain "made more money from miscellaneous sales than from TV rights, sponsorship and tickets combined," according to Tariq Panja of BLOOMBERG. Propelled by funds from Qatar’s government, PSG "has emerged as among the biggest spenders in soccer, buying its way to domest ...

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10/22/14
Adidas Mulling Reebok Sale

An "unsolicited bid" from a consortium of investors from Hong Kong and Abu Dhabi looking to buy Reebok from adidas could put adidas Chair & CEO Herbert Hainer into an "unaccustomed position: Having to react to investors," according to Ellen Jervell of the WALL STREET JOURNAL. Analysts said tha ...

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10/22/14
Cologne Releases Financial Numbers

Bundesliga side FC Cologne "has released its financial results for the '13-14 season," according to the SID. The club reported revenue of €68.6M and profits of €1.2M. In addition, Cologne was able to reduce its liabilities to €31.4M. The reason for the club's positive results is recor ...

Tags: Finance, Europe

10/22/14
Platini Asks EU To Help Enforce FFP

UEFA President Michel Platini on Tuesday "asked for the support of the European Union to enforce financial fair play," according to the AFP. Speaking in front of the European ministers of Sports in an informal meeting in Rome, the former player "reiterated that the 'once unthinkable' refo ...

Tags: International Football, Europe

10/22/14
LFP President Reaffirms His Impartiality

French Football League (LFP) President Frederic Thiriez responded to the "criticism that was aimed at him after the airing of a video that showed him apologizing" to Paris St. Germain President Nasser Al-Khelaifi for the"quality of refereeing in the Lens-PSG match Friday ni ...

Tags: Europe, International Football

10/22/14
Top 14 Narrows Host List For SemiFinal

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Tags: Events and Attractions, Europe

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TdF Stage Could Be Held In Arras

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10/21/14
Ligue 1 Reports Record Crowd Numbers

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Preziosi Challenges Law on Stadium Security

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Tags: Franchises, Europe

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