Featured Story

Ferrari Given All-Clear After FIA Inspects Team's Wind Tunnel

Published in SportsBusiness Daily Global on 05 / 29 / 15

Ferrari "has been given the all-clear by the FIA following a detailed inspection of its wind tunnel facilities after the Spanish Grand Prix to ensure it was complying with Formula 1's rules," according to Jonathan Noble of MOTORSPORT. The scale of the car upgrade that the Maranello team was able to ...

Read More

Tags: Finance, Europe

More Stories

04/03/15
Zong Qinghou Denies AC Milan Interest

Chinese drinks maker Hangzhou Wahaha Group Chair Zong Qinghou has "knocked back reports he is planning a bid" for "struggling" Serie A club AC Milan, currently controlled by former Italian PM Silvio Berlusconi, according to Wong & Jourdan of REUTERS. Zong, worth an estimated $19B according to th ...

Tags: Asia, Finance, Europe

04/03/15
La Liga Side Elche's Crisis Continues

Related stories: La Liga Side Elche Fails To Pay Off Debts Elche Announces It Will Meet Deadline On Owed Payments La Liga side Elche's "lack of a solution to its institutional crisis" has provoked the "entire organization" to turn its back on club President Jos&ea ...

Tags: Europe, Finance

04/03/15
Levski Sofia Thanks Fans For Donations

Bulgarian football club Levski Sofia has "thanked fans for their donations which helped the club clear its debts and cover the requirements for a European license," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The club has urged fans to "continue with their financial help." Levski sa ...

Tags: Europe, Finance

04/03/15
Crystal Palace Makes $35M Profit

EPL side Crystal Palace made a pre-tax profit of £23M ($34.1M) and "enjoyed a record turnover" in its first season back in the Premier League, according to the BBC. The club was "promoted from the Championship" in '13, when it made only £3.5M profit on a £14.5M turnover.  ...

Tags: Finance, United Kingdom

04/03/15
Real, Barcelona Owe Total Of €767M

The Spanish Football League's (LFP) publication on Wednesday of its financial results from the '13-14 season "also included figures from the two prior seasons for comparison and to highlight the improvement since Javier Tebas took over as president in April '13," according to Alfredo Matilla of AS ...

Tags: Finance, Europe

04/02/15
La Liga Elche Fails To Pay Off Debts

The sum of €5M ($5.38M) that La Liga side Elche on Monday announced it was expecting to receive "did not arrive and the club has not been able to meet its obligations to its creditors," according to David Martín of MARCA. The rule "was clear: the club had to solve its debts" by Tuesday ...

Tags: Europe, Finance

04/02/15
Spanish Club Girona Owner Sells 80% Stake

Spanish second division club Girona Owner Josep Delgado "has closed the sale of the club," according to Marc Bernad Suelves of AS. Girona "has a new owner but a confidentiality clause will keep the club from revealing the identity" until Spain's Superior Sports Council (CSD) approves of the change o ...

Tags: Finance, Europe

04/02/15
Wanda Buys 20% Stake In Atlético Madrid

Chinese conglomerate Wanda Group continues to expand its sporting interests having "officially acquired" a 20% stake in La Liga side Atlético Madrid, worth a reported €45M ($48.4M), the club announced on Tuesday, according to the AFP. In January, Atlético Madrid President Enrique ...

Tags: Finance

04/02/15
LFP Clubs' Debt Down 16% Since '11-12

The Spanish Football League (LFP) on Wednesday announced that clubs in La Liga and the Spanish second division owed a total of more than €2.76B -- to Spain's tax authorities and to creditors -- as of the end of the '13-14 season, according to the EFE. A report released by the LFP containing fin ...

Tags: Finance, Europe

04/02/15
Bolton Says Debt Figure Up To $256M

League Championship side Bolton's debt "is up" to £172.9M ($256M) after announcing a loss of £9.1M for the '14 financial year, according to the BBC. The net figure "is an improvement" of £41.6M ($61M) from £50.7M ($75M) losses revealed during the last set of results. The cl ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug