Featured Story

Int'l Cricket Council, BCCI Agree To New Finance Model For '16-23 Rights Cycle

Published in SportsBusiness Daily Global on 06 / 23 / 17

The BCCI and Int'l Cricket Council "finally reached an agreement on a new finance model," according to Nagraj Gollapudi of ESPN.com. The "bare facts" are the BCCI will receive "a little over" $100M more than what was agreed upon by a "vast majority" of the ICC board in meetings in April and "most of...

Read More

Tags: Finance, Asia

More Stories

06/23/17
Ronaldo Not Planning To Pay Authorities

Cristiano Ronaldo will stand trial on July 31, accused of defrauding the Spanish tax authorities of €14.7M between '11 and '14, "and he does not plan to pay that money back before legal proceedings begin," according to the EFE. The speculation that the player "would voluntarily pay that sum t ...

Tags: Europe, Finance

06/23/17
Beijing Investigating Wanda Group, Fosun

China’s banking regulator "ordered the country's commercial banks to investigate loans made to a group of companies that have aggressively invested overseas in recent years," people with knowledge of the matter said, according to Wei, Ma & Areddy of the WALL STREET JOURNAL. The companies i ...

Tags: Asia, Finance

06/23/17
U.S. Banks Financing Sports Stadiums

U.S. banks that have carved out a "lucrative niche financing the construction and renovation of sports stadia are making a push into Europe," according to Davies & Slater of REUTERS. Goldman Sachs and Bank of America Merrill Lynch "dominate the sector," using stock and bond issues, the sale ...

Tags: Finance, North America, Europe

06/23/17
Finance Notes

Argentine footballer Ángel Di María , who this week "pleaded guilty to tax fraud in Spain, used the same two Irish companies " as part of his image rights payments structure that have "figured in the tax investigations" of Real Madrid's Cristiano Ronaldo and ManU Manager Jos&eacut ...

Tags: Finance

06/22/17
Ronaldo Reconsiders Real Madrid Exit

Cristiano Ronaldo said he felt that Real Madrid President Florentino Pérez defending him "was very positive," according to Manu Sainz of AS. Pérez said, "Cristiano isn't someone who is motivated by money. He's hurt, and possibly quite rightly so, because he has tried not to upset anyon ...

Tags: Europe, Finance

06/22/17
Rangers Announce New Sports Direct Deal

Scottish Premiership side Rangers reached a new retail agreement with Mike Ashley and Sports Direct, according to Craig Fowler of the SCOTSMAN. The previous seven-year contract between the two parties "has been ripped up, and a new partnership has been constructed in its place." The news will e ...

Tags: Finance, United Kingdom

06/22/17
Boris Becker Declared Bankrupt

Tennis champion Boris Becker has been "declared bankrupt," according to the London TELEGRAPH. Lawyers for the three-time Wimbledon winner pleaded with a bankruptcy court registrar in London on Wednesday for "a last chance" to pay a long-standing debt. But Registrar Christine Derrett said it was "wit ...

Tags: Finance, United Kingdom

06/21/17
José Mourinho Accused Of Tax Fraud

Spanish prosecutors filed a claim against ManU Manager José Mourinho, "accusing him of defrauding the tax authorities" of €3.3M while he managed Real Madrid, according to Sam Jones of the London GUARDIAN. In a statement released on Tuesday, a prosecutor in Madrid said that the Portu ...

Tags: Europe, Finance

06/21/17
F1 To Address Costs, Brawn Says

Formula 1 Managing Dir Ross Brawn said that F1's new owners will "present the teams with a complete picture of the future of the sport before any redistribution of income can be agreed," according to Adam Cooper of MOTORSPORT. F1 CEO Chase Carey and his colleagues "made it clear that they want to se ...

Tags: Finance, Europe

06/20/17
No Gender Pay Gap In 83% Of Sports

Eighty-three percent of sports "now pay men and women the same amount in prize money, research has revealed," according to Alistair Tweedale of the London TELEGRAPH. A study conducted by the BBC into 68 different sports shows that the pay gap "has narrowed vastly in recent years, with rewards in wom ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug