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Qualcomm's Wireless Charging Technology Used In Formula E To Hit Market Within 3 Years

Published in SportsBusiness Daily Global on 04 / 02 / 15

Qualcomm expects its wireless charging technology will hit car showrooms within three years, according to a company official. Wireless charging, which is currently being tested in Formula E, will soon appear on tick sheets right next to car color and upholstery, said Graeme Davison, Qualcomm's VP of...

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Tags: Marketing and Sponsorship, North America, Europe

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Aston Villa Announces '13-14 Financials

EPL side Aston Villa announced it dropped its losses after tax £47.9M from £51.8M the previous year to £3.9M for the year ended May 31. The reduction was due in part to a £33.2M increase in turnover to £116.9M and a £12.9M reduction in operating expenses to £ ...

Tags: Finance, United Kingdom

Finance Notes

Ladbrokes dropped on Monday after its joint house broker said that "a major change of strategy was needed." Deutsche Bank forecast that Ladbrokes' '15 earnings "would miss market expectations" by 15%. The broker said that a new CEO "had to fix the bookmaker’s struggling online business by s ...

Tags: Finance

Dortmund Continues Growth Path

Bundesliga side Borussia Dortmund "is continuing its growth path, however, its profit decreased during the first half of the '14-15 fiscal year," according to DPA. The club confirmed on Friday that its profit decreased from €8.2M ($9.3M) to €3.7M ($4.2M). The reasons for the decrease have ...

Tags: Finance, Europe

NRL To Announce '14 Net Profit Of A$50M

The National Rugby League is expected to announce this week that the record-breaking '14 season had a revenue increase of more than A$30M ($23.4M), with the code delivering a net profit of A$50M, according to Stuart Honeysett of THE AUSTRALIAN. NRL CEO Dave Smith has "already presented the results t ...

Tags: Australia, Finance

AFL Gives GWS Extra A$3.25M

The Australian Football League's expansion into Sydney's "rugby league and soccer heartland has hit a financial bump," with the league forced to tip in an extra A$3.25M into the AFL Greater Western Sydney Giants last year, according to Stensholt & Pierik of the SYDNEY MORNING HERALD. Documents o ...

Tags: Australia, Finance

Paderborn Reports €2.6M Profit

Bundesliga side SC Paderborn reported a profit of €2.6M for the year ending Dec. 31. As a result the club was able to reduce its negative capital to €2.1M. During its first season in the top flight, Paderborn was able pay of its liabilities in the amount of €3.7M. Except for its loan ...

Tags: Finance, Europe

Shoemaker Naibu Loses Track Of Bosses

Directors of London-quoted Chinese sports shoemaker Naibu "have been forced to admit that they have lost all contact with the company’s chairman and senior executive, in the latest controversy to hit Aim," according to Johnson & Agnew of the FINANCIAL TIMES. Naibu, which once said that "it ...

Tags: Finance, China

Liga MX Chivas Has Debt Of $2.67M

Liga MX side Chivas Guadalajara Owner Jorge Vergara addressed "rumors of a possible sale of his club" and said that Chivas' debt is 40M pesos ($2.67M), according to Carlos Herrera Luyando of LA AFICION. Of a possible sale , Vergara said, "I [currently] have no intentions. There have been intentions ...

Tags: Finance, North America

NBA's Bogut Tops Aussie Sports' Rich List

Australia’s top 50 earners in the sports world made A$164M combined in the last year, according to FOX SPORTS. But it is "not a footy star topping the list." According to BRW, NBA Golden State Warriors center Andrew Bogut made the most with A$16.2M "thanks to securing a big contract." The firs ...

Tags: Finance, Australia

Sofia Owner Puts Shares Up For Sale

With one Bulgarian club owner "facing a possible prison sentence for fraud," another, Levski Sofia Owner Todor Batkov, has said that "he has had enough and has announced he is ready to sell his shares in the club," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. Some media in the countr ...

Tags: Finance, Europe

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