Featured Story

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...

Read More

Tags: Finance, United Kingdom

More Stories

05/19/15
Setanta Sports Signs New Rights Deals

Irish broadcaster Setanta Sports has signed a number of new rights deals for the Irish market. The Wimbledon Championships will be live on Setanta Sports for the next three years, starting with this year's tournament at the All-England club, while Setanta has also agreed to an extension to its ...

Tags: Media, United Kingdom

05/19/15
Toyota Announced As Official ECB Partner

Toyota has been announced as a new official partner to the England & Wales Cricket Board. The initial two-year partnership will see England's cricketers at the wheel of a variety of Toyota models, including the RAV4 and Land Cruiser. Toyota will gain extensive live and recorded exposur ...

Tags: Marketing and Sponsorship, United Kingdom

05/19/15
Seven Clubs Paying Sub-Living Wage

A BBC investigation found that seven Scottish football clubs were employing staff at below the living wage. The study found that across Scotland, only 10 of the 50 biggest employers said they pay all staff working for them the living wage. The research also showed that most Scottish Premiership foot ...

Tags: Finance, United Kingdom

05/18/15
QPR Relegated, Faces Fine For FFP Breach

EPL side Queens Park Rangers Dir of Football Les Ferdinand said that the club is "suffering from several years of profligate spending and a failing youth system," according to Teddy Cutler of the LONDON TIMES. In a "withering assessment of the club’s predicament," Ferdinand "offered no excuses ...

Tags: Franchises, United Kingdom

05/15/15
SPFL Defends Ladbrokes Deal

Scottish football chiefs have "hit back at suggestions that they are hypocrites for signing a two-year deal with betting firm Ladbrokes while players at all levels are banned from gambling on the game," according to Moira Gordon of the SCOTSMAN. Scottish Professional Football League CEO Neil Doncast ...

Tags: Marketing and Sponsorship, United Kingdom

05/15/15
Salford Concerned With Attendance

Senior figures at Super League side Salford Red Devils "have been in discussions with local businesses this week as concern about the poor attendance levels at the AJ Bell Stadium continues to grow," according to Tim Groves of RUNNING RUGBY. Just 1,972 fans turned up to watch the 19-0 Super League d ...

Tags: Franchises, United Kingdom

05/15/15
Leeds United Owner To Stay For Two Seasons

League Championship side Leeds United Owner Massimo Cellino said that he will "sell the club if they fail to win promotion" to the Premier League in two seasons, according to James McMath of the LONDON TIMES. Cellino has "returned to work after his six-month Football League ban following tax evasion ...

Tags: Franchises, United Kingdom

05/15/15
ManU Announces Debt Up 12%

ManU announced its financial results for the first three months of '15 and "while commercial revenue is up, broadcast revenue and matchday revenues are down," and debt has risen by 12%, according to Tom Sheen of the London INDEPENDENT. The Q3 total revenue is £95M ($150M), with commercial reve ...

Tags: Finance, United Kingdom

05/15/15
English Cricket's Finances A 'Bright Spot'

English cricket may be "under attack from fans, pundits and even professional cricketers, but its finances have never looked better," according to Malcolm Moore of the FINANCIAL TIMES. The England & Wales Cricket Board said on Thursday that its annual revenues were up 42% to £174.7M ( ...

Tags: Finance, United Kingdom

05/15/15
Abramovich's Chelsea Loan Exceeds £1B

The latest accounts for Fordstam, the company through which Roman Abramovich owns Chelsea, indicate that his interest-free loan to the club has exceeded £1B ($1.58B) for the first time, according to Sam Wallace of the London INDEPENDENT. The loan now totals £1,041,243,000, which is, acco ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug