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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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Werder Bremen Loses $10.7M In '12-13

Bundesliga club Werder Bremen "continues to be in the red" and reported a loss of €7.9M ($10.7M) for the '12-13 fiscal year, according to SPIEGEL ONLINE. However, Bremen Sport Dir Thomas Eichin said that the club "is on the right path." In the previous season, the club reported a record loss of ...

Tags: Finance, Europe

Intersport, Vierschanzentournee Partner

Intersport will become the main sponsor of the Vierschanzentournee ski jumping series for the '13-14 season starting at this year's event kickoff in Oberstdorf, Germany on Dec. 28. The sponsorship agreement was brokered by Infront Sports & Media. Following Intersport's commitment, the event seri ...

Tags: Marketing and Sponsorship, Europe

IOC To Retest Torino Samples

Samples stored from the 2006 Torino winter Olympics are being retested by the IOC "as the eight-year statute of limitations runs out next year and as two labs find hundreds of unrelated positive tests," according to Ganguly & Grohmann of REUTERS. An IOC official said that "the retests ...

Tags: Olympics, Europe

European Tour Suffering Despite Success

The climax to the European Tour golf season revealed the commercial fault lines that run through the sport. On the course, things appeared to be going to plan. In-form Swede Henrik Stenson won the DP World Tour Championship, the culmination of the tour’s Race to Dubai, previously known as the ...

Tags: Leagues and Governing Bodies, United Kingdom, Europe

Hertha Reduces Liabilities During '12-13

Bundesliga club Hertha Berlin "was able to reduce its liabilities" by €5.2M to €36.8M during the '12-13 fiscal year, according to the SID. However, Hertha CFO Ingo Schiller revealed that the club lost €7.8M during the previous season, when it was promoted to the Bundesliga. Origi ...

Tags: Finance, Europe

Handball Club Will Again Reduce Payroll

Handball Bundesliga (HBL) club Rhein-Neckar Löwen "will again reduce its payroll ahead of next season," according to the SID. Löwen GM Thorsten Storm said, "We have to continue to cut costs and are already working on reducing the payroll. Our payroll has notably decreased due to contract e ...

Tags: Franchises, Europe

Italy Picks Infront For TV Negotiations

Italy's top-flight football clubs have picked Infront "as the main adviser to negotiate a new package of television rights" for the coming three-to-six seasons, according to Masoni & Mackenzie of REUTERS. The league, "which rejected a rival offer" from IMG, will now "hammer out the final details ...

Tags: Media, Europe

BR To Increase DEL Coverage

German regional public broadcaster Bayerischer Rundfunk "will increase its coverage of the German Hockey League (DEL)," according to Alexander Krei of DWDL. BR's "Blickpunkt Sport" show, which airs Saturday nights, will from now on report about all Friday night games of the five Bavarian clubs in th ...

Tags: Media, Europe

DTB Boss Leans Toward Anti-Doping Law

German Gymnastics Federation (DTB) President Rainer Brechtken, like leaders of various other organizations, "is leaning toward a German anti-doping law," according to the SID. Brechtken said in a letter to all gymnastic athletes that "it is worth considering bundling all legal anti-doping regul ...

Tags: Leagues and Governing Bodies, Europe

Exclude Bayern, Dortmund From Bundesliga

Former Bayern Munich coach Felix Magath "has an unconventional ideal and demands the exclusion of Bayern Munich and Borussia Dortmund from the Bundesliga," according BILD. Magath: "Clubs that consistently play in the Champions League have huge advantages. Actually you would have to exclude them from ...

Tags: International Football, Europe

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