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F1 CEO Ecclestone Fighting $1.57B Tax Bill As HMRC Reopens Family Trust Dispute

Published in SportsBusiness Daily Global on 05 / 22 / 15

F1 CEO Bernie Ecclestone is "fighting a tax bill" of more than £1B ($1.57B), after U.K. tax authority HMRC reopened a "long-running dispute over a family trust," according to Vanessa Houlder of the FINANCIAL TIMES. The high court heard on Thursday that Ecclestone had filed "three separate laws...

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Tags: Finance, United Kingdom

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Southampton To Improve LED Floodlighting

EPL side Southampton's St. Mary's stadium will have LED floodlighting installed ahead of the '14-15 season. The new lighting system will be in place for the coming campaign with the club moving in line with Premier League requirements for a higher level of light output. St. Mary's will become the fi ...

Tags: Facilities, United Kingdom

Premier League To Auction For Sponsors

The Premier League "will stage an auction for sponsors for the first time in 12 years, further cutting Barclays’ chances of keeping its name associated with the most popular football league in the world," according to John Reynolds of the London DAILY MAIL. Barclays’ £40M ($68M) an ...

Tags: Marketing and Sponsorship, United Kingdom

Wimbledon Most Lucrative Tournament

Wimbledon is "an annual miracle of commercial enterprise" during which the All England Lawn Tennis Club "tears up large sections of the corporate rule book as it puts propriety ahead of profit, clinging as closely as possible to the idea of 'tennis in an English garden,'" according to Richard Evans ...

Tags: Marketing and Sponsorship, United Kingdom

Wimbledon Keeps Eye On Small Ball

Wimbledon is looking to add two new sponsors to its selective roster of commercial partners, and said it could ditch its 77-year broadcast deal with the BBC. The All England Club, the organizers of Wimbledon, currently has 12 sponsors -- a mix of long-standing sponsors such as Slazenger, the ball sp ...

Tags: Marketing and Sponsorship, United Kingdom

Haas F1 Team To Create 250 U.K. Jobs

American businessman and NASCAR team co-Owner Gene Haas has revealed that "he is planning to create around 250 jobs in the UK by locating his new Formula One team in the country," according to Christian Sylt for the London TELEGRAPH. Haas "is launching an F1 team as a marketing vehicle for Haas Aut ...

Tags: Franchises, United Kingdom, North America

SFA Warming To Summer Season

Scottish football’s governing bodies "have started to seriously examine the prospect of a summer season running from March to November as an alternative to the current August to May calendar," according to Douglas Alexander of the SUNDAY TIMES. It is "partly a response to Scottish clubs increa ...

Tags: Leagues and Governing Bodies, United Kingdom

Ofcom Restrictions Threaten BT

BT's ability to spend heavily at the forthcoming Premier League auction "is under threat after Ofcom proposed restrictions on its wholesale broadband profits," according to Juliette Garside of the London GUARDIAN. Sports rights "have become key in BT's drive to win broadband customers" against compe ...

Tags: Media, United Kingdom

Costa Rican Players Eye EPL Move

After beating Italy at the World Cup on Friday night, Costa Rica's players "stayed locked in their dressing room at Recife's Arena Pernambuco for 45 minutes," according to Ian Ladyman of the London DAILY MAIL. Victory "had placed them in the second phase of the World Cup with a game to spare, but ti ...

Tags: International Football, United Kingdom

Fans To Bid For Coventry City

A group of fans and local businessmen "have joined together to make an ambitious bid" to buy League One side Coventry City and bring it back to the Ricoh Arena, according to Steve Carpenter of the COVENTRY OBSERVER. The Keep Cov in Cov campaign group "has written a formal letter" to SISU Capital CEO ...

Tags: Franchises, United Kingdom

EPL To Work With ISL Organizers

The Premier League has entered into a strategic agreement with Indian Super League organizers "ahead of the inaugural edition of the competition which is set to kick-off in September," according to Dev Trehan of SKY SPORTS. The partnership "is designed to help nurture and develop the Indian league a ...

Tags: Leagues and Governing Bodies, India, United Kingdom

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