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Promotion To La Liga Quickly Impacts Bottom Line For Alavés

Published in SportsBusiness Daily Global on 12 / 09 / 16

The return of Spanish football club Alavés to La Liga this season "has meant a jump in the team's expected revenue for '16-17" to €49.3M ($52.3M), with an expected profit of €8.3M ($8.8M), according to Luis Fuentes of MUNDO DEPORTIVO. The club's TV revenue this season "has mult...

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Tags: Europe, Finance

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MLS Outspending Serie A, Study Finds

Many Serie A players "are earning less than their Major League Soccer counterparts, a study has revealed," according to Ben Gladwell of ESPN.com. An "in-depth study" by the Norwegian Axo Finans group found that there are more players in MLS earning over €100,000 ($106,200) per week than in ...

Tags: Finance, Europe

Sports Direct Facing Rough Waters

Sports Direct ended a "tough" '16 with a warning that trading "was not going to get any easier next year after a slump in first-half profit, sparking another fall in its shares," according to Paul Sandle of REUTERS. The sportswear chain founded by League Championship side Newcastle United Owner ...

Tags: Finance, United Kingdom

CONCACAF To Approve '15 Financials

CONCACAF is holding another extraordinary congress on Saturday, this time to approve the confederation’s '15 audited financial statements, "remarkably almost a full year after the financial year ended," according to Paul Nicholson of INSIDE WORLD FOOTBALL. The positive from this is "presumably ...

Tags: Finance, South America

Smaller Chinese Clubs Focus On Own Talent

Newly rich Chinese football is not "all about millionaire players and famous coaches," according to the AFP. Just ask "the smaller teams, who are living firmly in the shadow of their well-heeled neighbours." Chinese Super League clubs "took the transfer market by storm this year when they collective ...

Tags: Asia, Finance

Entities Share Address With Banned Firms

Entities set up in the British Virgin Islands by companies representing ManU Manager José Mourinho and Real Madrid's Cristiano Ronaldo "share the same address as two companies which are to be banned in their present form from providing loans to Premier League clubs, documents have revealed," ...

Tags: Europe, Finance

London Welsh Seeking Liquidation

Rugby Championship side London Welsh, one of the oldest clubs in English rugby, said on Wednesday that it was seeking voluntary liquidation due to large debts and a "totally unsustainable" business model, according to Alan Baldwin of REUTERS. The move would allow the second-tier club, founded i ...

Tags: Finance, United Kingdom

CPL Provides Economic Boost To Hosts

The Caribbean Premier League continued its upward trajectory in '16 with the world's fastest growing T20 tournament contributing an economic boost of over $102M across the seven host territories. The economic impact to the region has risen in recent years from $44M in '14 to $76M in '15. The CPL com ...

Tags: Finance

Brazil's Go4it Invests In Keemotion

Brazilian sports marketing agency Go4it invested in Keemotion, an HD video content and production system that integrates social media. It is the third investment in less than a month by Go4it, which acquired stakes in TAPPP and Greenfly in late November. Keemotion's product is the world's first fu ...

Tags: Finance, Brazil

WTF Refugee Academies To Get $600K

China's Huamin Charity Foundation committed to donate $600,000 to the World Taekwondo Federation and the Taekwondo Humanitarian Foundation to "support taekwondo academies for refugees," according to Baek Byung-yeul of the KOREA TIMES. Huamin Charity Foundation Chair Lu Dezhi said that he "decided to ...

Tags: Finance, Asia

Football Contract Bonuses Revealed

The "extraordinary perks set out" in footballers' contracts have "remained secret, until now," according to the SUNDAY TIMES. Documents from the Football Leaks website "reveal for the first time how football stars are rewarded with big bonuses simply for doing their job." Strikers can receive £ ...

Tags: Europe, Finance

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