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Sky Profits Fall 11%, Partly Due To Rising Cost Of Live Premier League Coverage

Published in SportsBusiness Daily Global on 04 / 21 / 17

Sky's profits fell 11% in the nine months to the end of March as the European broadcaster "continued to be hit by the rising costs of live Premier League football," according to David Bond of the FINANCIAL TIMES. A £494M ($633M) increase in the cost of the rights caused operating profits to fa...

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Tags: Finance, Europe

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Maracanã Falls Into State Of Disrepair

Just months after the 2016 Rio Olympics came to a close, the stadium at the center of the Games "has fallen into a 'state of abandonment' and disrepair," according to Travis Waldron of the HUFFINGTON POST. Brazilian newspaper O Globo reported the Maracanã, a "national icon" since its construc ...

Tags: Facilities, Europe

DEL Winter Game Hopes To Break Even

The German Hockey League (DEL) "will host its third Winter Game this weekend, with event organizers hoping to break even," according to the NEUEN OSNABRÜCKER ZEITUNG. The outdoor game between Schwenninger Wild Wings and Adler Mannheim will take place this Saturday at the Wirsol Rhein-Neckar-Are ...

Tags: Events and Attractions, Europe

Iserlohn Roosters Cancel Arena Contract

German Hockey League (DEL) club Iserlohn Roosters "has terminated its lease agreement for its home venue," according to Gabriel Wagner of SPONSORs. The team canceled its contract for the city-owned Eissporthalle Iserlohn, which was set to expire on April 30. The Roosters have to find a new venue by ...

Tags: Franchises, Europe

Bayern, Red Bull To Re-Open Arena Talks

Bundesliga champion Bayern Munich and Austria energy drink producer Red Bull "have re-opened discussions about a new multi-purpose arena in Munich," according to SPORT BILD. Bayern Munich President Uli Hoeneß: "We'd like to have an arena for 10,000 to 12,000 spectators." The club's basketball ...

Tags: Facilities, Europe

IAAF Issues Guidelines To Athletes

Track and field governing body IAAF said that Russian athletes "must prove they are clean before they can return to international competition," according to the BBC. Russians "are banned from competing by the IAAF because of widespread state-sponsored doping in their country." Now it has issued guid ...

Tags: Leagues and Governing Bodies, Europe

Eurosport Unveils Olympics Logo

New Year’s Day did not only mark the beginning of '17 for Eurosport but also the official start of its Olympic journey. The pan-European sports network, a division of U.S. company Discovery Communications, celebrated the moment by unveiling a ...

Tags: Olympics, Europe

Year In Review: Europe

The sale of Formula 1 to U.S. media company Liberty Media has led to a number of speculations and rumors about the racing series’ future. Liberty Media, whose chair is billionaire John Malone, took control of the global racing circuit through a deal valued at $8B. The September announcement le ...

Tags: Year End, Europe

Youth Players Being Left Behind

Children as young as 10 are being "frozen out of the football academy system because of exorbitant compensation fees placed over their heads by controversial youth development rules," according to Sam Dean of the London TELEGRAPH. In a series of cases, children and teenagers are "finding themselves ...

Tags: International Football, Europe

Bundesliga Awards Int'l Broadcast Rights

The German Football League (DFL) has awarded int’l Bundesliga broadcast rights for German-speaking territories in Europe to Sky, Eurosport and Perform, starting with the '17-18 campaign. The league decided to stick with its new domestic media ...

Tags: Media, Europe

Salzburg With Loss, Rapid With Profit

Austrian top-tier football club Red Bull Salzburg "has for the first time since the takeover by the energy drink producer reported a loss at the end of the season," according to Michael Fiala of 90MINUTEN.at. League rivals Sturm Graz and Austria Vienna also finished the '15-16 season with a loss. Ra ...

Tags: Finance, Europe

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