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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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Tags: Finance, United Kingdom

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02/06/14
THW Kiel Loses Close To Half A Million

Handball Bundesliga (HBL) club THW Kiel "has lost close to half a million euros during the '12-13 fiscal year," according to NDR. The club reportedly lost €443,000 during the previous season. The number means that Kiel "has lost more than €1M over the past three years." The club "refused t ...

Tags: Finance, Europe

02/06/14
Adidas Sues Under Armour

A court filing showed that adidas sued Under Armour in a U.S. court "over alleged infringement of patents governing fitness training and tracker devices," according to Sakthi Prasad of REUTERS. The lawsuit "relates to products sold by fitness technology company MapMyFitness," which Under Armour ...

Tags: Finance

02/05/14
Worcestershire's Off-Field Success Continues

Worcestershire County Cricket Club has continued its "off-field success by declaring a surplus for the fourth successive year," according to ESPN. Despite "struggling on the field," the team has continued to "run a profitable business" and announced a surplus of £59,833 ($97,500) for the year ...

Tags: Finance, Australia

02/04/14
Help For Retired Sporting Heroes

Retired Welsh rugby player Gareth Thomas’s predicament "is common to many elite athletes," according to Roger Blitz of the FINANCIAL TIMES. When they retire or approach retirement, "it can be a struggle to identify a second career that will give them the opportunity to excel again." In the U.K ...

Tags: Finance, United Kingdom

02/04/14
Spanish Clubs Reduce Debts By $203M

Spanish Superior Sports Council (CSD) President Miguel Cardenal said on Monday that the combined debt for La Liga and the Spanish second division has been reduced by €150M ($203M) over the last two years, according to EL CONFIDENCIAL. Cardenal "also emphasized that the Spanish third division is ...

Tags: Finance, Europe

02/04/14
EPL Transfer Fever Loses Its Heat

Football’s deadline day for player transfers "struggled to replicate the frenzied activity of previous years," but English clubs "continued to dominate the market," with January deals set to surpass the £120M spent last winter, according to Roger Blitz of the FINANCIAL TIMES. On Friday, ...

Tags: Finance, United Kingdom

02/03/14
Man City Facing New FFP Threat

Man City's place in next season's Champions League "could be challenged by rival clubs this summer" because of detailed new UEFA rules over Financial Fair Play, according to Herbert & Delaney of the London INDEPENDENT. The news comes as Chelsea Manager Jose Mourinho "cranked up the debate over f ...

Tags: Finance, United Kingdom

01/31/14
Everton Announces £700K Profit

EPL side Everton turned a £6.4M loss into a £700,000 profit for the financial year ending May '13, according to Carl Markham of the London INDEPENDENT. A sixth-placed Premier League finish "generated a greater increase in broadcast revenue and gate receipts which helped boost operating p ...

Tags: Finance, United Kingdom

01/31/14
Sky Reports Rise In Sales

Sky has tried to shrug off the “noisy” competition from pay-TV rivals as it "delivered an increase in first-half sales, boosted by on-demand services," according to Sharman & Mance of the FINANCIAL TIMES. The U.K.'s biggest pay-TV operator is "being squeezed by higher costs for sport ...

Tags: Finance, United Kingdom

01/30/14
Waratahs Admit Financial Troubles

Super Rugby side New South Wales Waratahs' financial position "is so unstable and precarious that rain on a couple of home-match nights" this season might be all it takes "to drive the franchise to the wall," according to Wayne Smith of THE AUSTRALIAN. Waratahs CEO Jason Allen said that while "he di ...

Tags: Finance, Australia

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