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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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Turkish Airlines, Euroleague Extend Deal

Turkish Airlines and Euroleague Basketball will continue their partnership and title-sponsorship agreement for seven more seasons through '20. Europe's premier basketball competition will be known as the Turkish Airlines Euroleague for an entire decade from the start of the original partnership in ' ...

Tags: Marketing and Sponsorship, Europe

Bayern Plans On Opening Offices Abroad

Bundesliga club Bayern Munich is looking to increase its global presence by opening two new offices outside of Europe, according to Ingo Rentz of HORIZONT. Bayern CEO Karl-Heinz Rummenigge said, "We plan on opening two offices abroad. One in China and one in New York. From there, we want to increase ...

Tags: Europe, Franchises

Marussia Signs Deal With Ecclestone

F1 team Marussia "has become the final team to agree a commercial deal" with F1 CEO Bernie Ecclestone in a move that ties all 11 teams on the grid to F1 until the end of '20, according to CRASH. The Anglo-Russian team "had been the only one still to agree a deal with Ecclestone as talks continued ov ...

Tags: Leagues and Governing Bodies, Europe

1860 Munich Reveals €6.3M Loss In '11-12

Second Bundesliga club 1860 Munich "has unveiled its delayed financial results for the '11-12 fiscal year," according to Filippo Cataldo of the ABENDZEITUNG MÜNCHEN. Only one year after investor Hasan Ismaik joined the club, 1860 Munich made a loss of €6.3M. The club's debt stood at € ...

Tags: Finance, Europe

ARD, ZDF Try To Sell Parts Of WC Rights

German public broadcasters ARD and ZDF "have reportedly been trying to sublicense parts of their World Cup broadcast rights to free-TV channels," according to Alexander Krei of DWDL. The "rights in question are for World Cup matches not featuring the German national team." Only RTL and ProSiebenSat. ...

Tags: Media, Europe

DOSB Demands Extra $52M From Ministry

The German Olympic Sports Association (DOSB) said that "it needs more money in order to win medals at the 2016 Rio Games," according to SPIEGEL ONLINE. The DOSB reportedly needs an additional €38M ($52M) annually. It "will allegedly submit a corresponding claim to the German Interior Ministry." ...

Tags: Europe, Olympics

M6 To Reconsider Football Investment

Ligue 1 Girondins de Bordeaux board member and President of broadcaster M6, the majority shareholder of the club, Nicolas de Tavernost said that "should the negative signals toward football in regards to a 75% tax continue, we would reconsider our investment in football," according to the AFP. De Ta ...

Tags: Finance, Europe

DFL Won't Change Stance GL Technology

The German Football League (DFL) "will not change its basic stance on the issue of goal-line technology despite Friday's phantom goal," according to the SID. DFL Managing Dir Andreas Rettig said, "We aren't against technological progress at the DFL, but we are talking about a very complex system, wh ...

Tags: Europe, International Football

FIFPro Calls For Action

The int'l players union, FIFPro, "has issued a damning indictment of the exploitation of minors in South American football, urging FIFA to take action and demanding a complete overhaul of the practice," according to Andrew Warshaw of INSIDE WORLD FOOTBALL. FIFPro's concern "follows alarming findings ...

Tags: International Football, Europe

IMG Rejects ARD, ZDF Wimbledon Offer

IMG "has rejected an offer from German public broadcasters ARD and ZDF for Wimbledon broadcast rights," according to Manuel Weis of QUOTENMETER. More than three months after German tennis player Sabine Lisicki surprisingly reached the Wimbledon women's final, "it is still unclear who will air Wimble ...

Tags: Media, Europe

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