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U.S. Banks Carving Out Niche By Financing Top European Clubs' Stadiums

Published in SportsBusiness Daily Global on 06 / 23 / 17

U.S. banks that have carved out a "lucrative niche financing the construction and renovation of sports stadia are making a push into Europe," according to Davies & Slater of REUTERS. Goldman Sachs and Bank of America Merrill Lynch "dominate the sector," using stock and bond issues, the sale...

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Tags: Finance, North America, Europe

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Ponomarev Sells Stake In DEL Club

Russian businessman Mikhail Ponomarev "has sold his stake in German Hockey League (DEL) club Dusseldorf EG,"  according to Bernd Schwickerath of the WESTDEUTSCHE ZEITUNG. Ponomarev was recently criticized for failing to come through on a payment of €153,000 ($171,700) toward the club. Ene ...

Tags: Franchises, Europe

Heineken Declines To Confirm F1 Deal

Heineken has declined to confirm reports of a multi-million dollar partnership deal with Formula 1. David Pugh, a spokesperson for the Dutch brewery, told SBD Global, "We will not speculate on what we might do in the future as this is commercially ...

Tags: Marketing and Sponsorship, Europe

Formula E Secures New Sponsors

Formula E has agreed to a new partnership with Italian electricity company Enel as the championship's official power partner. The deal, which was announced in Rome on Tuesday, will begin with the Berlin ePrix on Saturday and run through the end of '17-18 season. Formula E declined to unveil financia ...

Tags: Marketing and Sponsorship, Europe

Adidas To Continue Sponsoring FIFA

Adidas Supervisory Board Chair Igor Landau said that adidas "will continue sponsoring FIFA, despite the corruption allegations dogging the bidding process for the 2006 World Cup," according to the AFP. Landau told the Frankfurter Allgemeine Sonntagszeitung, "If you want to sell sporting goods, ...

Tags: Marketing and Sponsorship, Europe

Sauber, Force India Send Letter To FIA

Sauber and Force India have written a joint letter to Formula One CEO Bernie Ecclestone and the FIA, outlining the team's "doubts over the recently concluded engine agreement," according to Adam Cooper of MOTORSPORT. Although the agreement was "designed in part to give smaller teams lower engine pri ...

Tags: Leagues and Governing Bodies, Europe

90min Forms Minute Media

Football media platform 90min announced that it has reorganized by creating a new parent holding company called Minute Media. Minute Media will serve as the corporate brand for 90min, as well as for the soon-to-be-launched brands in the U.S., India and Germany. All Minute Media brands are powered by ...

Tags: Media, Europe, North America, India

Europa League Final Ticket Prices Rise

Tickets for this year’s Europa League final between Liverpool and Sevilla "are selling at more than five times the amount of last year’s," according to Mark Critchley of the London INDEPENDENT. The average ticket price for this year’s match-up is £550 ($795) on Ticketbis.net, ...

Tags: Events and Attractions, Europe

IIHF Worlds Draws Record Numbers

German sports network Sport1 "drew a record viewership for its broadcast" of the 2016 Int'l Ice Hockey Federation World Championships, according to the SID. Germany's surprising 3-2 win over the U.S. during the tournament's preliminary round on Sunday attracted a peak audience of 1.02 million viewer ...

Tags: Media, Europe

Euro 2016 Security Chief 'Confident'

With France in a state of emergency due to the threat of a militant attack, as well as "growing demonstrations" against the government, "you would forgive the head of security for Euro 2016 for showing a few nerves just weeks before the tournament kicks off in Paris," according to John Irish of REUT ...

Tags: International Football, Europe

Ecclestone Says Big-Wigs Want Him Out

F1 CEO Bernie Ecclestone on Sunday confirmed reports some of F1's major stakeholders are "plotting" his demise, according to GMM. Mercedes and Red Bull "joined Ferrari in apparently moving against the long-time F1 'supremo,' with plans to replace the 85-year-old Briton with a three-pronged leadershi ...

Tags: Leagues and Governing Bodies, Europe

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