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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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Tags: Finance, United Kingdom

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04/16/14
Survey: Man City Tops Global Salaries

Man City is the highest paid team in global sport, according to Sportingintelligence’s Global Sports Salaries Survey for '14, compiled in association with ESPN The Magazine. The average first-team pay at Man City has been calculated at £5.3M ($8.8M) per year, or £102,653 ($170,000) ...

Tags: Finance

04/11/14
IPL Players To Earn Up To $1.5M

For six weeks, cricket’s leading players "get to live like the stars of other world sports," according to Paul Radley of THE NATIONAL. Top-bracket Indian players earn about $200,000 annually. For the same amount of time in the Indian Premier League, Yuvraj Singh, who "fetched the highest price ...

Tags: Finance, Middle East

04/11/14
Kering Considers Buying Sports Brands

Gucci CEO Francois-Henri Pinault said that the fashion brand's owner Kering SA "will consider acquiring sports and lifestyle brands in three years as it assesses the performance of the Puma label," according to BLOOMBERG. Any deal "will hinge on Kering’s ability to reverse the fortunes of Puma ...

Tags: Finance, Europe

04/11/14
Championship Clubs Make Progress On FFP

The Football League has declared "considerable progress" after meeting Championship clubs to discuss Financial Fair Play regulations, according to the BBC. A league spokesperson said there had been talks on "improvements" to the rules. Among the issues raised at the meeting "was a concern that incr ...

Tags: Finance, United Kingdom

04/11/14
Champions League Loss Costly For Barça

After Barcelona's elimination from the quarterfinals of the Champions League, the club will lose at least €4.9M ($6.8M) that it would have received from UEFA for qualifying for the Champions League semifinals, according to the EFE. Additionally, had the "club competed in the Champions League fi ...

Tags: Europe, Finance

04/10/14
IPL Too Short To Plan Business Model

An Indian Premier League franchise owner said that the seven-week duration of the IPL seems "tedious to many," but it is "not long enough to develop a business model around it," according to Gautam Bhattacharyya of GULF NEWS. King’s XI Punjab co-Owner Mohit Burman said, "The two-month period o ...

Tags: Finance, Middle East, India

04/10/14
Bayern Willing To Share Cup TV Income

Bundesliga club Bayern Munich "is willing to share its TV income from free-to-air broadcasts of DFB-Pokal (German Cup) matches with other teams," according to the SID. Bayern Munich CEO Karl-Heinz Rummenigge said that the Bundesliga champion "has agreed in principal to put the money into a big pot i ...

Tags: Finance, Europe

04/10/14
Spanish Club Eibar Puts Shares For Sale

Spanish second division side Eibar's board approved the sale of 36,900 shares in the club at a cost of €60.10 ($83.03) per share, according to Aritz Arce of AS. If the club is "able to sell all the shares, it will raise more than" €2M ($2.8M). Those "who will receive first access to the sh ...

Tags: Europe, Finance

04/10/14
F1 Teams Look At Buying Series Stake

A group of F1 teams is “having a conversation” about buying a stake in the auto racing series whose biggest shareholder is CVC Capital Partners, according to Alex Duff of BLOOMBERG. F1 CEO Bernie Ecclestone said, “We’ll see what the group comes up with. Maybe they will get en ...

Tags: Finance

04/10/14
Antonio Banderas Ordered To Pay $76,000

Spanish actor Antonio Banderas' "passion for motorcycling could prove expensive" after a Spanish court's ruling that Banderas owes former Real Madrid basketball player Jose Miguel Antunez €55,000 ($76,000), according to SPORT. Banderas teamed up with Daniel Devahive in '09 to launch Jack&Jo ...

Tags: Europe, Finance

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