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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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Football League, Pitch Renew Deal

Sports marketing agency Pitch Int'l renewed its deal with the English Football League, according to SOCCEREX. The deal relates to the overseas broadcasting rights for the divisions administered by the Football League as well as its knockout competitions, the League Cup and the Football League T ...

Tags: Media, United Kingdom

London 2017 Board Gets Shake-Up

An independent board "has been put in charge of running" next year's IAAF world athletics championships in London after a series of resignations "muddled preparations" for the event, according to Martyn Herman of REUTERS. London 2017 Managing Dir Sally Bolton "quit this week while two other boa ...

Tags: United Kingdom, Olympics

Investors Have Eye On Wimbledon Opportunity

The All England Lawn Tennis Club revealed on Friday that "it would put up for sale in April at least 1,000 No. 1 Court" '17-21 debentures -- alongside the Centre Court equivalents for '16-20 -- to raise £25M ($36.3M) toward the "cost of a retractable roof and an extra 900 seats in the champion ...

Tags: Finance, United Kingdom

Tottenham Closes In On Double Deal

Tottenham is "closing in on a double deal that would see the club spend a season playing Premier League matches at Wembley and all cup games at MK Dons," while its new stadium is built, according to Alex Miller of the London DAILY MAIL. The Londoners are in formal talks with the FA and MK Dons bosse ...

Tags: Franchises, United Kingdom

Crystal Palace Profits Drop

Soaring costs have "taken their toll" on profits at Premier League side Crystal Palace, the club which "recently received an injection of new money" from U.S. investors, according to David Owen of INSIDE WORLD FOOTBALL. With the number of both players/coaches and admin/commercial staff on the Eagles ...

Tags: Finance, United Kingdom

Cellino Launching Bid To Break Up TV Deal

League Championship side Leeds United started legal action against the Football League to "attempt to dismantle the collective selling of TV rights" and win the right to sell its own games, according to Nick Harris of the London DAILY MAIL. The "extraordinary and unprecedented move has sent shockwav ...

Tags: Media, United Kingdom

Rangers, Aberdeen To Join Celtic

Scottish Championship side Rangers and Scottish Premiership side Aberdeen will "join forces with Celtic in fighting against the plan to shut Scottish teams out of the Champions League," according to Scott McDermott of the Scotland DAILY RECORD. Scottish Professional Football League CEO Neil Doncaste ...

Tags: International Football, United Kingdom

ECB Seeking New Sponsor

England Cricket is looking for its fourth team sponsor in little more than seven years after Waitrose "confirmed that it will not renew its partnership when it expires" in March '17, according to Richard Hobson of the LONDON TIMES. The England & Wales Cricket Board (ECB) is "confident of securin ...

Tags: Marketing and Sponsorship, United Kingdom

ManU's Revenue Up 26.6% Last Quarter

ManU "may be struggling on the pitch" but its financial performance in the last quarter "was right on target," according to Lewin & Noble of the FINANCIAL TIMES. Revenue rose 26.6% year-on-year to £133.8M ($193.6M) in the three months to December, slightly topping analyst forecasts of &pou ...

Tags: Finance, United Kingdom

County T20 Could Be Split Into Two Leagues

County cricket’s Twenty20 competition will be split into two divisions and feature promotion and relegation for the first time "if proposals from the England & Wales Cricket Board are agreed later this month," according to Nick Hoult of the London TELEGRAPH. A consultation paper outlining ...

Tags: Events and Attractions, United Kingdom

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