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BMW Agrees To Two-Year Partnership With U.S. Formula E Team Andretti

Published in SportsBusiness Daily Global on 09 / 28 / 16

BMW has formally agreed to a partnership with American Formula E team Andretti. Tuesday's announcement confirmed a widely circulated rumor that BMW was looking to join the electric racing series through a link-up with a team. The partnership with Andretti is an opportunity for the German car manufac...

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Tags: Franchises, Europe, North America

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Eleven Sports Network Signs NFL Deal

Eleven Sports Network announced it has signed a three-year exclusive broadcast rights deal for the NFL for Belgium and Poland through MP & Silva, beginning with the '15-16 season. The agreement includes comprehensive NFL action for ESN subscribers. Rights include live simulcasts and re-airs of w ...

Tags: Media, Europe

PSG Launches $169M Bid For Ronaldo

Ligue 1 side Paris St. Germain is "prepared to pay a global record transfer fee to sign Cristiano Ronaldo" -- and it would "spend more than a quarter of a billion pounds on the overall deal, including wages," according to Duncan Castles of the SUNDAY TIMES. The French champion offered Real Madrid an ...

Tags: Franchises, Europe

Adidas Investors Push For External CEO

As adidas' search for a new leader "enters its eighth month, some investors say that only an outsider can provide the shakeup the sportswear maker needs to close its longstanding gap with Nike," according to Aaron Ricadela of BLOOMBERG. Southeastern Asset Management Inc. and Union Investment said th ...

Tags: Finance, Europe

Footballers Suspected Of Steroid Abuse

The most extensive doping study in football history "has exposed significant levels of potential cheating by dozens of footballers playing for Europe’s top clubs and national teams," according to the SUNDAY TIMES. Scientists commissioned by UEFA "found that 68 players recorded 'atypical' drug ...

Tags: International Football, Europe, United Kingdom

Arsenal Reports $300M In Cash Reserves

Arsenal's parent company has posted a profit of £24.7M ($38.3M) and a cash reserve of £193.1M ($300M) in its latest set of published figures, according to the PA. The results, covering the year ended May 31, put the group's total turnover at £344.5M ($535M) , up from £301.9M ...

Tags: Finance, Europe

HSV In 'Promising' Talks With Emirates

Bundesliga side Hamburg SV "is reportedly close signing a contract extension with shirt sponsor Emirates," according to Nils Lehnebach of SPONSORs. Hamburg SV Marketing Dir Joachim Hilke described the talks with the Dubai-based airline as "very promising." He added that "nothing has been signed yet, ...

Tags: Marketing and Sponsorship, Europe

Transformation Of F1 Team Principals

Today’s F1 team principals "are a disparate lot," according to Brad Spurgeon of the N.Y. TIMES. Among them are a female lawyer, a liquor company magnate, a marketing exec, former racers, financial investors and even one or two engineers. But as the staffs of teams have grown, from less than a ...

Tags: Finance, Europe

Red Bull Seeking Split With Renault

Former F1 champion Red Bull "topped the timesheets" in Singapore Grand Prix practice on Friday and then issued another warning that it would quit F1 unless it secured a competitive engine, according to Julian Linden of REUTERS. Confirming that the team's fractured relationship with Renault "was set ...

Tags: Leagues and Governing Bodies, Europe

Transfer Fees Could Go If FIFPro Wins

Players' union FIFPro launched a "landmark" legal action against FIFA "in the hope of outlawing the transfer system and fundamentally changing the professional game," according to Owen Gibson of the London GUARDIAN. Having run out of patience with FIFA and UEFA "following long-running negotiations ...

Tags: International Football, Europe

KPMG Reviewing FIFA Audits

Auditing firm KPMG "launched an internal review of its Swiss business" over audits of  FIFA's financial record keeping, according to John Miller of REUTERS. KPMG Switzerland spokesperson Andreas Hammer said that "services the Swiss unit performed for FIFA were being reviewed, as agreed with its ...

Tags: Finance, Europe

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