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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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Ecclestone Doubts Stroll F1 Investment

F1 CEO Bernie Ecclestone has revealed that "he doubts fashion industry tycoon Lawrence Stroll" will make a $1.5B "investment in Formula One as has been suggested," according to Christian Sylt for FORBES. F1 "is controlled by the private equity firm CVC Capital which owns 35% of its parent company De ...

Tags: Finance, Europe

Sky Deutschland Takes Issue To Club TV

German pay-TV channel Sky Deutschland "has taken issue with several football clubs and their own club-TV offerings,"  according to Petra Schwegler of W&V. Sky pays an average of €486M ($662.5M) per season for exclusive Bundesliga TV rights until '17. As the league's "biggest source of ...

Tags: Media, Europe

Red Bull Considers Engine Switch To VW

F1 team Red Bull "is putting pressure on engine supplier Renault after the team's disappointing start to the season," according to the SID. It has also been reported that Red Bull "is flirting with VW should Renault's developments fail to materialize." Red Bull Motorsports Dir Helmut Marko said, "VW ...

Tags: Franchises, Europe

Swiss To Broaden Money Laundering Laws

Swiss lawmakers "intend to broaden money laundering laws that target political figures to include sports officials" from FIFA and the IOC, according to Schwalbe, Panja & Bosley of BLOOMBERG. The legal committee of Parliament’s lower house "approved a proposal to expand Swiss banks’ s ...

Tags: Leagues and Governing Bodies, Europe

CL Final Broadcast Draws 165 Million

Nearly 165 million people worldwide watched Real Madrid win the Champions League final last Saturday against Atlético on TV, according to the EFE. A "statement released on Wednesday in Portugal said that the final reached 380 million viewers (including fans who watched online) and was broadca ...

Tags: Media, Europe

Ukrainian Arena Burned By Militia

The home arena of Ukrainian ice hockey club Donbass was looted and burned during armed clashes in Donetsk, jeopardizing the squad's chances for participation in the Kontinental Hockey League next season. The arena Druzhba was set on fire early on Tuesday amidst clashes between Ukrainian army forces ...

Tags: Facilities, Russia, Europe

FIGC To Ban Co-Ownership Of Players

Italy is to ban clubs from co-owning players, saying that "the practice is out of line with the rest of Europe," according to Brian Homewood of REUTERS. Italian Football Federation (FIGC) President Giancarlo Abete said on the organization's website, "From the next transfer window onwards, the co-own ...

Tags: International Football, Europe

Accident Mars German Mercedes Shoot

Mercedes confirmed reports of "a serious car accident during a commercial shoot involving the German national football team on Tuesday," according to the DPA. The car company said that a car driven by German Touring Car Championship (DTM) driver Pascal Wehrlein "hit two people on a closed-off road." ...

Tags: Marketing and Sponsorship, Europe

Germans Expect Title From National Team

Almost half of the German population "expects the German national team to win the title at the World Cup in Brazil," according to the SID. This is the result of a study by "Football Research in an Enlarged Europe" on the opinion of football in European countries. FREE asked 7,245 Europeans for the s ...

Tags: International Football, Europe

DOSB To Remodel Headquarters

The German Olympic Sports Association (DOSB) will start construction and remodeling of parts of its headquarters in Frankfurt this summer. Therefore, the organization will have to move to a temporary location in Neu-Isenburg. It will leave its current headquarters on June 18 and start operation at i ...

Tags: Facilities, Europe

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