Business Rates Are Lord's Next Big Test Nottingham In Talks With New Backers F1 IPO On Track Despite Legal Issues 'Fergie Factor' Worth $1.5B Seven F1 Teams Can't Afford New Engines U.K. Tax Authority Targets Coaches Finance Notes Puma Cuts Full-Year Profit Forecast Finance Notes Football Players Salary Based On Metrics
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Business Rates Are Next Big Test For Owners Of London's Lord's Cricket Ground05 / 21 / 13London's Lord's Cricket Ground owners are "fighting a battle over business rate increases described as 'just not cricket,'" according to Dominic Walsh of the LONDON TIMES. The home of the Marylebone Cricket Club is one of four of the six Test match venues for this summer’s series against New Z... Tags: Finance, United Kingdom |
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Adidas Makes $344M Reebok Write-Off
Adidas has been forced to write off £265M ($344M) at its Reebok business during a year in which Reebok "uncovered fraud at its Indian unit, endured a strike" in the NHL and saw a 10-year U.S. football contract "come to an end," according to Simon Neville of the London GUARDIAN. The writedown " ...
Tags: Finance
Alex McLeish Cost Aston Villa Owner $9M
Alex McLeish’s "ill-starred tenure" as Aston Villa manager cost Owner Randy Lerner £6M ($9M) in compensation payments last season, according to Paul Kelso of the London TELEGRAPH. The cost of McLeish takes Villa’s total spending on "hiring and firing managers" to £18M ($27M) ...
Tags: Finance, United Kingdom
QPR Accounts Show Wages Doubled
The scale of the challenge facing EPL Queens Park Rangers if Manager Harry Redknapp fails to keep them in the Premier League "is laid bare in newly published financial results for last season, which show their wage bill doubled even before the latest spending spree," according to Owen Gibson of the ...
Tags: United Kingdom, Finance
ManU To Make $51M From UEFA
ManU has "missed out on a bumper European payday," but its Champions League exit is not as costly as last season's failure to make it out of the group stage, according to the MANCHESTER EVENING NEWS. The club will bank £34M ($51M) from UEFA compared to £30.4M ($45.8M) last season, but if ...
Tags: Finance, United Kingdom
Puma To Close 90 Stores Worldwide
Sportswear company Puma announced that "it will close around 90 unprofitable outlets globally," according to WANT CHINA TIMES. After seeing its profit "decline by 85% in the third quarter" of '12, the company reported a loss of $56.8M in the final quarter. According to its financial statement, the g ...
GAA Generated $1.6M In Profits In '12
The Gaelic Athletic Association said that "last year’s All-Ireland hurling replay between Galway and Kilkenny netted" €1.2M ($1.6M) in profit, according to Cormac Byrne of the IRISH INDEPENDENT. GAA President Páraic Duffy revealed as he outlined the association’s annual accou ...
Tags: Finance, United Kingdom
QPR Suffer $34M Loss In EPL Return
Queens Park Rangers Holdings Ltd. published accounts revealed that the club lost £22.6M ($34M) during its first season back in the Premier League, according to Andy Hodgson of the London EVENING STANDARD. Although the figure was £3M ($4.5M) down from its final season in the Championship, ...
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Ligue 1 Clubs Lose $78M In '11-12
Ligue 1 has "fallen back into financial struggles," according to Guillaume Errard of LE FIGARO. After having cut in half its losses between the '09-10 and '10-11 seasons (from €114M to €46M), France's elite teams lost €60M ($78.2M) in '11-12. If Ligue 2 clubs are included, the losses ...
Nike Discounts A Threat In China
The Shanghai-based National Business Daily reported that "burdened by its high inventories in China, Nike is going to target second- and third-tier cities in its plans to open 40-50 outlets in the country, according to WANT CHINA TIMES. As part of the sportswear giant's plan, these new outlets, each ...
Liverpool's Debt Increases By $32M
Liverpool, on Monday, announced its debt has increased by £21.8M ($32.7M) as "prolonged absence from the money-spinning Champions League takes its toll," according to Toby Davis of REUTERS. Liverpool's latest accounts show the club recorded a loss of £40.5M from Aug. 1, 2011 to May 31, 2 ...
Tags: Finance, United Kingdom
