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Gaza Protestors Attack Israeli Premier League Side Maccabi Haifa In Austria

Published in SportsBusiness Daily Global on 07 / 25 / 14

Protesters against Israel's military offensive in Gaza attacked Israeli football players "at a friendly match in Austria on Wednesday evening, stopping play five minutes before the end," according to Georgina Prodhan of REUTERS. Salzburg police said on Thursday that around 20 people with flags and p...

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Tags: International Football, Europe

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China's Li Ning May Post Full-Year Loss

Li Ning, "the struggling Chinese sportswear retailer that is one of the mainland’s best known homegrown brands," has warned it may post a full-year loss due to inventory overhang and slowing domestic economic growth, according to Waldmeir & Tsui of the FINANCIAL TIMES. Its shares fell 3.8% ...

Tags: Finance, China, Li Ning

Dortmund Reveals Record Revenune

Bundesliga club Borussia Dortmund (BVB) "released its financial numbers for the '11 fiscal year and reported a record revenue" of €215.2M ($270.3M), according to the SID. The defending Bundesliga champion and German Cup champion "also generated a profit after taxes of" €34.3M ($43.2M) duri ...

Tags: Finance, Europe

Middle East Revenue Boost Euro Clubs

Investment from the Middle East "has helped to boost the revenues of European football clubs to record levels this year," according to a Deloitte report cited by Rory Jones of THE NATIONAL. The 2012 Deloitte Football Money League report found that the "combined revenues of the world's 20 highest-rev ...

Tags: Finance, Europe, Middle East

Report: German Football Financially Healthy

German professional football is on its way back to economic numbers of its boom year in '08, according to a report of Ernst & Young. The number of clubs that made a large profit has risen form 18% to 34% in '11. Another 23% could generate a small profit during the previous fiscal year. Only one ...

Tags: Europe, Finance

Billionaire Soros Buys ManU Shares

U.S. billionaire George Soros has taken a 7.85% stake in ManU, "betting on the U.K. football team to score in the financial markets as well as on the pitch," according to Matthew Sparkes of the London TELEGRAPH. News of the investment, made via Soros Fund Management, "was released in an SEC filing a ...

Tags: Finance, United Kingdom

Vietnamese Tycoon Arrested

Nguyen Duc Kien, "one of Vietnam's most prominent and aggressive tycoons" and investor in the country's football league was arrested by police at his luxury villa in the upmarket West Lake district of Hanoi on Monday night, according to Ben Bland of the FINANCIAL TIMES. As the year of the dragon, it ...

Tags: Finance, Asia

Charges Stem From Nurburgring Fiasco

The Koblenz County Court "agreed to charge former Rhineland-Palatinate Finance Minister Ingolf Deubel and five other managers for embezzlement" in connection with the financial fiasco at Germany's Nurburgring race track, according to the DPA. The trial is expected to begin on Oct. 16. Koblenz prosec ...

Tags: Finance, Europe

Dick's Writes Off JJB Venture

Dick's Sporting Goods has written off the value of its investment in JJB Sports, five months "after ploughing £20M into the lossmaking business," according to Jennifer Thompson of the FINANCIAL TIMES. The U.S. retailer that invested £20M in JJB back in April disclosed a "pre-tax impairme ...

Tags: Finance, North America

ManU Shares Kick Off With Slow Run

Shares in ManU made "a muted debut" as they opened for trading on Friday just above their initial public offering price, according to Mackenzie & Makan of the FINANCIAL TIMES. The failure of the shares to “pop” on its trading debut on the N.Y. Stock Exchange was "a second blow for th ...

Tags: Finance, United Kingdom

China's Outdoor Sports Retail To Grow

Sales of outdoor sports products, such as clothing, footwear and camping gear in China "are expected to continue growing, as they get boosts from the increase of vehicle ownership and the popularity of outdoor activities," according to Wang Zhuoqiong of the CHINA DAILY. Retail sales of outdoor produ ...

Tags: Finance, China

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