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European Golfers Experience Large Gender Pay Gap

Published in SportsBusiness Daily Global on 08 / 23 / 17

The outcome of the Solheim Cup "was not really in doubt" from the moment Europe was whitewashed in Friday's fourballs, according to Derek Lawrenson of the London DAILY MAIL. But golf's female players "languish largely in the wilderness while their tennis equivalent enjoy equal status with the men." ...

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CSL Plans Foray Into Online Games

The Chinese Super League signed a deal with a local developer to produce online football games "in its first foray into gaming as it searches for new sources of revenue," according to Li & Goh of REUTERS. The CSL signed a six-year partnership with Beijing-based developer Crazy Sports t ...

Tags: Finance, China

WA Premier Threatens To Bankrupt ARU

The Western Australia government "threatened to bankrupt the Australian Rugby Union if the Western Force are not reinstated," according to the AAP. WA Premier Mark McGowan said that the state government is "getting legal advice" and the options include suing for restitution of more than A$100M ($79. ...

Tags: Australia, Finance

Sports Shield BWFC Liquidated

A company which owns more than a third of shares in League Championship club Bolton Wanderers "has been liquidated," according to Andrew Aloia of the BBC. Sports Shield BWFC Ltd., owned by former Bolton striker Dean Holdsworth and part of a takeover in March '16, "was wound up on Monday." The windin ...

Tags: Finance, United Kingdom

China Curbs Overseas Acquisitions

The Chinese government "has served notice on the country's foreign investment spree in football clubs, skyscrapers and Hollywood as it moves to curb rising levels of debt among domestic companies," according to Richard Partington of the London GUARDIAN. The announcement of restrictions in a range of ...

Tags: Asia, Finance

Gao Receives China-Backed Funding

Premier League side Southampton's new owner funded his £200M ($257.5M) takeover of the club "with a loan from a Chinese government-backed bank in Hong Kong," people familiar with the matter said, according to BLOOMBERG. A Chinese investor g ...

Tags: Finance, United Kingdom

Victoria CWG Bid Committee Unveils Budget

The Victoria, Canada, bid committee for the 2022 Commonwealth Games unveiled a budget on Wednesday of C$955M ($753.6M), according to Cleve Dheensaw of the TIMES COLONIST. It "envisions a regional stadium in the West Shore, arena for gymnastics at a site to be determined, and later converted to an Ol ...

Tags: Australia, Finance

Foxtel To Be Merged With FoxSports

News Corp. and Telstra are "planning to list Foxtel on the stock market," according to Lucy Battersby of the SYDNEY MORNING HERALD. To prepare that move, they announced they will merge the subscription TV service they jointly own -- Foxtel -- with News' sports network, FoxSports. In an announce ...

Tags: Finance, Australia

Seven West Media's Profits Fall Nearly 20%

Seven West Media's profit has fallen by 19.5% to A$166.8M ($131.6M) "as a weak advertising market rocks its print businesses and 'hinders' the performance of its Olympic Games coverage," according to Arvind Hickman of AD NEWS. The group's revenues declined 2.8% to A$1.68B ($1.33B), "largely due to d ...

Tags: Finance, Australia

Businessman Offering $11M To Buy Warriors

Auckland businessman Paul Davys is offering around NZ$15M ($11M) to buy National Rugby League side New Zealand Warriors, but current Owner Eric Watson "wants at least" NZ$20M ($14.6M), according to David Skipwith of the NEW ZEALAND HERALD. If the two parties cannot come to an agreement by the end of ...

Tags: Finance, New Zealand

Finance Notes

Premier League clubs are " facing demands for ever higher transfer fees and for players' wages to be paid in euros because of the collapse in the value of the pound since the Brexit vote." As sterling fell this week to its "lowest value since Britain emerged from the financial crash," the conse ...

Tags: Finance

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