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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Int'l Brands Squeezing China Market
Int'l sport brands "continue to make gains in China despite a shrinking market," with Nike posting profits in its third quarter financial report, according to WANT CHINA TIMES. Adidas "also reported a 15% jump in its China sales last year." Chinese Key Solution Sports Consulting Founder Zhang Qing s ...
Tags: Finance, China, North America
Newcastle Announces Profit, Wage Rise
Premier League Newcastle United "recorded a profit for the second successive year, despite the club's wage bill rising" 20% to £64.1M ($92.9M), according to the PA. In the financial figures for the year ending June '12, Newcastle "made a profit after player amortisation" of £1.4M -- sign ...
Tags: Finance, United Kingdom
Record Price Expected For Yearling
The next generation of the Black Caviar family "will pass though the Inglis sale ring next month," and it is expected "he will break the record price paid for a yearling," according to Chris Roots of the SYDNEY MORNING HERALD. Lot 131, a Redoute's Choice colt out of Helsinge, "will be the highlight ...
Li Ning Reports Losses, Will Scale Back
Chinese sportswear company Li Ning reported “a deeper-than-expected annual loss, its first in nearly a decade as a listed company," according to Chu & Burkitt of the WALL STREET JOURNAL. Li Ning added that its bottom line "should improve this year as it scales back inventory and overhauls ...
No Tax Exemptions For Rugby Players
British government sources said that foreign players traveling to England for the 2015 Rugby World Cup "will not receive tax exemptions," according to Martyn Ziegler of the PA. Tax breaks "have been agreed for the footballers of the two Champions League finalists," which play at Wembley in May, and ...
Tags: Finance, United Kingdom
NZRU Announces Financial Turnaround
The New Zealand Rugby Union has announced a NZ $3. 2M ($2. 6M ) operating profit for '12 -- its first since '08 -- "and is already planning for another Rugby World Cup win" in '15, according to William Mace of FAIRFAX NZ NEWS. NZRU CEO Steve Tew said that rugby's govern ...
Tags: Finance, New Zealand
Havas Reports Rise In Pre-Tax Profits
Havas Group, the owner of the Havas Worldwide and Havas Media networks, "has reported pre-tax income" of €190M ($247M) in '12, an increase of 14.5% year on year after growth in new business, digital and emerging markets, according to Maisie McCabe of CAMPAIGN LIVE. According to Havas Group&rsqu ...
Tags: Finance, United Kingdom
Constantin Medien Exceeds Forecast
Germany's Constantin Medien Group "exceeded its business expectations" in '12 primarily in the film segment as well as in the sports- and event-marketing segment," according to 4-TRADERS.com. Group sales increased over last year's figure by 11.8% to €520.5M ($671.6M). Sales were "significantly ...
Tags: Finance
AFL On Track To Be Debt Free
The Australian Football League announced on Monday a "return to black figures last year" after a financial turnaround of A$30.3M ($31.5M), according to Greg Denham of THE AUSTRALIAN. The AFL recorded a net profit of A$6.7M in '12 "during the first year of its new broadcast and digital medi ...
Spanish Football Debt Down 8.2%
Spanish professional football clubs now owe the country's tax authority AEAT €690.4M ($893.8M), according to the EFE. The debt is down 8.2% from the previous year "as a consequence of the control plan put in place" by the AEAT. The overall debt is down about €62M ($80M) from the €752. ...
