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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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03/18/14
Sky Renews Masters Broadcast Deal

German pay-TV operator Sky "has renewed its broadcast deal for The Masters golf tournament," according to Malte van Oven of GOLF POST. Sky announced that it "has extended its contract with The Masters for multiple years." The pay-TV network "did not disclose the exact length of the extension." In ad ...

Tags: Media, Europe

03/18/14
Schalke Releases Financial Results For '13

Bundesliga club FC Schalke "has released its financial results for the ’13 fiscal year in which it generated the second-highest revenue in club history," according to the SID. The club reported revenue of €206.8M for the year ending Dec. 31. In comparison to last year, Schalke was able to ...

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03/18/14
F1 Gives RTL, Sky Strong Ratings

German private-TV channel RTL “recorded an average of 3.12 million viewers for its broadcast of the Australian F1 Grand Prix on Sunday morning,” according to Alexander Krei of DWDL. The number translated into a market share of 43.2%. RTL’s broadcast of the season-opening race, whi ...

Tags: Media, Europe

03/18/14
Rostock Sets Foundation For Debt Relief

German 3rd League football club Hansa Rostock “has, together with its creditors, launched a financial recovery concept,” according to 3-LIGA. The club’s total debt, which currently stands at €30M ($41.7M), “will be drastically reduced.” The reduction "is based on a ...

Tags: Finance, Europe

03/18/14
European Cup Agreement Reached

A new European Cup accord "will be signed this week after nearly two years of fraught negotiations and stand-offs," according to Paul Rees of the London GUARDIAN. The six unions involved in the tournament, together with officials from competing sides in England, France and Wales "were meeting in Par ...

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03/18/14
IRA Has No Power Over Video Technology

Italian Referees Association President Marcello Nicchi said that "he does not have the power to push through change in the way video technology is used," according to FOOTBALL ITALIA. Referees around the peninsula "have come under heavy fire recently for poor decision making as well as missing inci ...

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03/17/14
BeIN Sports Acquires World Cup Rights

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03/17/14
F1 Qualifying Session Draws On RTL

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Germany's Elite Sports Get Funding Boost

German Interior Minister Thomas de Maiziere has announced that "elite sports funding will be increased" by €8M ($11M), according to SPORT1. However, last year officials calculated that elite sports " would need a funding increase " of €38M ($53M) to continue competing at a top level. Despi ...

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03/17/14
Sauber Signs Two New Partnerships

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