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Ascot Signs Five-Year Deal To Take On Watchmaker Longines As 'Official Partner'05 / 24 / 13Royal Ascot "has finally succumbed to the lure and lucre of commercial sponsorship" and signed a deal with Swiss watchmaker Longines worth "several million pounds" over five years, according to Robert Lea of the LONDON TIMES. But "Ascot being Ascot," officials are "declining to admit that its presti... |
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Huge Crowd Cheers British Olympians
London Mayor Boris Johnson described Monday's Olympic Parade in the streets of London as the "final tear sodden juddering climax" to a summer of sport, according to Alice Philipson of the London TELEGRAPH. Johnson praised the athletes for "bringing the nation together," as athletes aboard floats rec ...
Tags: Olympics, United Kingdom
Decathlon Backs Off From JJB Sports Bid
The list of prospective suitors for sports retailer JJB Sports narrowed on Monday after French sporting goods retailer Decathlon "ruled itself out of acquiring any of the struggling retailer’s stores," according to Jennifer Thompson of the FINANCIAL TIMES. However, U.K. rival JD Sports Fashion ...
Tags: Finance, United Kingdom
Closing Ceremony Draws 6M TV Viewers
The Paralympics Closing Ceremony averaged nearly 6 million viewers, helping to give Channel 4 "a bigger share of the audience than either BBC1 or ITV1" on Sunday, according to John Plunkett of the London GUARDIAN. Sunday night's spectacular end to the London Games, which featured Coldplay and Rihann ...
Tags: Media, United Kingdom
Investors Make $20M Portsmouth Bid
Middle East investors have set out a seven-point plan for the takeover of League One Portsmouth FC, according to Anil Bhoyrul of ARABIAN BUSINESS. Documents show full details of the $20.4M takeover which would "leave the club debt free," as well as details of the Dubai Bank escrow account into which ...
West Ham Goes Large With Stadium Bid
EPL West Ham has "put in a high offer" to become new tenants of London's Olympic Stadium "despite the lack of opposition," according to Charles Sale of the London DAILY MAIL. It is believed West Ham made a bid close to £10M ($15.9M) per year, which "should be enough to secure a rental deal whi ...
Tags: Facilities, United Kingdom
Coe In Running For BOA Chair
LOCOG Chair Sebastian Coe is set to become the next chairman of the British Olympic Association after confirming he "would accept an invitation to stand for the position," according to Owen Gibson of the London GUARDIAN. The move is Coe's first step to building up a portfolio of roles that "will all ...
Tags: Olympics, Europe, United Kingdom
Williams F1 Team Increases Revenue
The Williams Grand Prix Holdings, which owns the Williams F1 Team, increased its revenue by 57% to £74.3M ($119M) after its mid-year results were released Monday, according to Falko Schoklitsch of MOTORSPORT MAGAZIN. The company's profit increased over the same time period from £1.9M to ...
Tags: Finance, United Kingdom, Europe
England Football Ticket Sales Slow
England’s footballers "were facing the prospect" of playing their first home World Cup qualifying match Tuesday against Ukraine "in front of 20,000 empty seats" at Wembley Stadium, according to Oliver Kay of the LONDON TIMES. The expected crowd of 70,000 is "a little unnerving" considering Ukr ...
Rotherham United Manager Banned, Fined
English Football League Two club Rotherham United Manager Steve Evans has been given "a six-match stadium ban and fined" £3,000 ($4,800) by the Football Association, according to the PA. Evans was found guilty of "using abusive and insulting words and behaviour" towards a female member of Brad ...
Does Sport And Stock Market Mix?
Shares of ManU stock on the N.Y. Stock Exchange have fallen from $14 to $12.90 a share since debuting almost a month ago, according to THE ECONOMIST. Many investors recall "how a spate of European football-club IPOs in the 1990s ended badly." Is there "a case for backing professional sports teams of ...
Tags: Finance, United Kingdom, Europe
