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U.K. Government Agrees To Cover Anticipated £30M Shortfall From National Lottery

Published in SportsBusiness Daily Global on 12 / 09 / 16

A "rescue package" has been agreed to that will lead to Britain’s Olympic sports "being spared funding cuts in the run-up to Tokyo 2020," according to Martyn Ziegler of the LONDON TIMES. The government has "agreed to cover an anticipated shortfall of National Lottery income" of more than &poun...

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Tags: Olympics, United Kingdom

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Report: U.K. Ad Market To Grow 6%

In its latest adspend report, Carat predicted the U.K. advertising market will grow by 6.2% this year, "up from a previous forecast" of 5.5% for '16, according to Omar Oakes of CAMPAIGN LIVE. The Carat Ad Spend Report by the Dentsu Aegis Network media agency predicts the U.K. "will outperform the re ...

Tags: Marketing and Sponsorship, United Kingdom

St. Mirren Closer To Being Fan-Owned

Scottish Championship side St. Mirren "took a major step closer to becoming a fan-owned club" after proposals to buy out the ruling consortium were given the green light at a meeting in Paisley, according to Graeme Macpherson of the HERALD SCOTLAND. Members of the St. Mirren Independent Supporters A ...

Tags: Franchises, United Kingdom

Hearts' Recovery Can Inspire Fan Ownership

Scottish Premiership side Heart of Midlothian has been "held up as a success story that others could learn from as clubs seek to navigate the financial challenges of Scottish football," according to Moira Gordon of the SCOTSMAN. Bryan Jackson, one of the administrators "who was called in to sor ...

Tags: Franchises, United Kingdom

Former Rangers Players Face Financial Ruin

Former Scottish Championship club Rangers players could "find themselves in deep financial trouble under new legislation" aimed at targeting individuals who benefited from EBTs, according to the SCOTSMAN. Chancellor George Osborne "set out plans in the 2016 Budget aimed at claiming back" £24B ...

Tags: International Football, United Kingdom

Rangers Set For Single Fans Group

Scottish Championship side Rangers fans "have voted overwhelmingly to unite in a single body of supporter interest," according to Gary Ralston of the Scotland DAILY RECORD. More than 90% of season ticket holders, Rangers Supporters Trust and Rangers First members have given their backing to Clu ...

Tags: Franchises, United Kingdom

Grey-Thompson Calls For Wales Bid

Former Paralympian Tanni Grey-Thompson said that Wales should bid to host the 2026 Commonwealth Games, according to the BBC. She believes Cardiff's hosting of the World Half Marathon "should prompt an attempt to bring the games to her home country." Cardiff staged "what were then known as ...

Tags: Events and Attractions, United Kingdom

Sports Direct Raises Stake In Findel

Sports Direct has "nearly doubled its stake in Findel, reopening the battle for control of the online and catalogue retailer" just three months after failing to take a seat on the board, according to Mark Vandevelde of the FINANCIAL TIMES. The sportswear chain, controlled by its billionaire fou ...

Tags: Finance, United Kingdom

Black Coaches 'Held Back In Scotland'

Two black former Scottish top-flight footballers claim the color of their skin "is holding them back from making the transition to management," according to Chris McLaughlin of the BBC. Russell Latapy and Kevin Harper, who both played for Scottish Championship side Hibernian, said that the "lack of ...

Tags: International Football, United Kingdom

La Liga Appoints CSM As New Partner

La Liga appointed CSM Sport & Entertainment to represent the league's commercial and sponsorship rights in an exclusive global deal. As part of the deal, CSM will be engaged across all of La Liga's property inventory -- title partner, six globa ...

Tags: Marketing and Sponsorship, Europe, United Kingdom

ManU To Expand Old Trafford

ManU is reportedly "ready to expand Old Trafford’s capacity to hold 80,000 people," according to George Bellshaw of METRO. The club is being forced to make changes to England’s biggest ground to "adhere to regulations." The new regulations will see ManU increase its disabled se ...

Tags: Facilities, United Kingdom

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