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Real Madrid's Stadium Reportedly To Be Renamed Abu Dhabi Bernabéu

Published in SportsBusiness Daily Global on 01 / 29 / 15

During a media event on Tuesday, execs at Spanish energy company Cepsa, which is owned by Abu Dhabi's Int'l Petroleum Investment Co., "finally said that Real Madrid's Santiago Bernabéu will be called the Abu Dhabi Bernabéu," according to Tomás Roncero of AS. The idea to use IPIC...

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River Plate's Success Paying Off

Argentine first division side River Plate's "athletic success has created a furor for the club's funds," according to Daniel Avellaneda of CLARIN. For the Superclásico against Boca alone, fans spent 20M Argentine pesos ($2.3M) on tickets -- "a mark for the Guinness world record book." And the ...

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Mosley Says EU Inquiry Could Hurt F1

Former FIA President Max Mosley warned that European Union investigators could "rip up" £560M ($878M) worth of financial contracts as F1’s "internal crisis deepens," according to Kevin Eason of the LONDON TIMES. Four aggrieved teams -- Force India, Lotus, Sauber and Marussia -- "have bee ...

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ARU Protects Iself From Waratahs Sale

The Australian Rugby Union "will be 'firewalled' from any financial losses by prospective buyers of Super Rugby champions the NSW Waratahs to avoid another Melbourne Rebels disaster," according to Bret Harris of THE AUSTRALIAN. The NSWRU "is negotiating with two private equity investors to buy the W ...

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N. Melbourne Generates $336K In Profits

Australian Football League side North Melbourne's "most successful season on the field since 2007 has been mirrored off it, the Kangaroos finishing the year with an operating profit" of more than A$400,000 ($336,000), according to Rohan Connolly of THE AGE. The A$423,074 profit "has not only come in ...

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Augsburg Reports $2.5M Profit For '13-14

Bundesliga side FC Augsburg reported a profit of €2.028M ($2.5M) before taxes for the '13-14 fiscal year, according to the SID. The club "announced its financial results at the annual general meeting on Wednesday." Augsburg generated revenue of €47.446M ($59M) and had expenditures of &euro ...

Tags: Finance, Europe

AFA Receives $25.7M Funding 'Advance'

The Argentine government informed the Argentine FA on Thursday that, "as part of the annual guaranteed minimum that the AFA receives," the football body has received 220M Argentine pesos ($25.7M) as an "advance," according to CLARIN. This was done following a recent request from the AFA based on var ...

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Chivas President Addresses Investments

Liga MX side Chivas Guadalajara is "far from the team that Jorge Vergara dreamed of and promised when he bought it," according to Minelli Atayde of LA AFICION. The team's methods "have not worked for some time, it has tried players from the youth team and it later opened up its wallet to hire expe ...

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Spanish Football's Debt Reportedly $670M

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Finance Notes

EPL side Burnley made a £300,000 ($470,000) profit while achieving promotion in the financial year ending June '14. However, £7.9M ($12.4M) of bonus payments directly related to promotion to the Premier League resulted in an overall £7.6M ($11.9M) loss. The latest accounts show a t ...

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Man City Reports Revenue Of £347M

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