Eccelstone Case Disrupting Sale Of F1 Lim To Help Atlético Pay Mediapro Debt CL Title Won't Impact Dortmund Shares Xerex Relying On Spanish Tax Agency Deportivo Cuts Costs To Appease Judge SAFA Owes Second Division $500K Finance Notes Business Rates Are Lord's Next Big Test Nottingham In Talks With New Backers F1 IPO On Track Despite Legal Issues
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Bernie Ecclestone's Bribery Case Seen As Disruptive To CVC's Plan To Sell F105 / 24 / 13CVC Capital Partners Ltd.’s plan to hold an initial public offering of F1 "may be hurt by a bribery investigation" involving F1 CEO Bernie Ecclestone, according to Alex Duff of BLOOMBERG. Ecclestone "is negotiating an accord" known as the “Concorde Agreement” through '20 with teams... Tags: Finance |
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Lim To Help Atlético Pay Mediapro Debt
La Liga side Atlético Madrid will next Friday pay €5.37M ($6.9M) as part of the €10M ($12.9M) it has to pay Mediapro as compensation for breaking their TV contract , according to EL CONFIDENCIAL. Everything "indicates that some of that money will come from Singapore billionaire Pet ...
CL Title Won't Impact Dortmund Shares
The publicly traded shares of Champions League finalist Borussia Dortmund on the Frankfurt Stock Exchange are unlikely to gain a lasting boost from a potential victory in Saturday’s final. Deloitte Sport Business Group Expert Jan Kremer told SBD Global, "On-field success, even if Do ...
Xerex Relying On Spanish Tax Agency
Spanish Football League (LFP) President Javier Tebas has assured that "the future of La Liga Xerex depends on negotiations with the Spanish Tax Agency. If this subject is not resolved, there is no future viability," according to AS. Tebas: "Xerex is working on Plan B, as President Rafael Mateos has ...
Deportivo Cuts Costs To Appease Judge
La Liga Deportivo La Coruña has responded to criticism over misuse of finances during bankruptcy proceedings by "announcing stricter financial controls," according to FOOTBALL ESPAÑA. The club, which has "been in administration since mid-January," was cited last week by Spanish tax aut ...
Tags: Finance, Middle East
SAFA Owes Second Division $500K
The South African FA "allegedly owes second division clubs" close to R5M ($524,000) for the '12-13 season, according to Sello Rabothata of SOWETAN LIVE. Though it "has been at pains to tell all and sundry that it is in a healthy financial position," the association owes all 144 second division clubs ...
Finance Notes
New Fiji Rugby Union Chair Filimone Waqabaca said Tuesday that "he was determined to clean up the organisation's finances" after it posted a FJ$600,000 ($325,000) loss last year. Waqabaca, a permanent finance secretary in the South Pacific nation's military-led government, "was elected FRU chairman ...
Tags: Finance
Business Rates Are Lord's Next Big Test
London's Lord's Cricket Ground owners are "fighting a battle over business rate increases described as 'just not cricket,'" according to Dominic Walsh of the LONDON TIMES. The home of the Marylebone Cricket Club is one of four of the six Test match venues for this summer’s series against New Z ...
Tags: Finance, United Kingdom
Nottingham In Talks With New Backers
Financially-troubled Championship side Nottingham Rugby is "in discussions with two potential new owners," according to the BBC. Nottingham Rugby Chair Alistair Bow also revealed that club directors helped finance the £250,000 ($382,000) shortfall "needed to finish their last campaign." Howeve ...
Tags: Finance, United Kingdom
F1 IPO On Track Despite Legal Issues
A source close to private equity firm CVC Capital said that the company is targeting a $12B market capitalization for F1 "in its planned flotation on the Singapore stock exchange," according to Sylt & Reid of the London GUARDIAN. The initial public offering (IPO) of F1 "is on track to take place ...
'Fergie Factor' Worth $1.5B
The "Fergie factor" gave the city of Manchester's economy a boost worth more than £1B ($1.5B) during his 26 years at the club, according to Adam Jupp of the MANCHESTER EVENING NEWS. Experts have calculated the extent to which the success outgoing Manager Alex Ferguson brought to the ...
Tags: Finance, United Kingdom
