Welsh Rugby CEO Favors Profits Split NRL Newcastle Knights Remain Safe F1 Would Have 4th-Best GDP As A Nation Adidas Expects Football Sales To Rise Spain Side Salamanca Liquidated Messi Tax Investigation May Be Expanded Lotus F1 Sells 35% Of Shares To Infinity British Horse Racing Generated £3.5B Maradona Wins Lawsuit In Shanghai I-League Clubs Lose Sponsorship Funds
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Welsh Rugby CEO Wants To Discuss Profits Split From British & Irish Lions Tours06 / 20 / 13Welsh Rugby Union CEO Roger Lewis said that the home nations "need to look at how the money made from the British and Irish Lions tours is divided up," according to the BBC. The Lions are "currently on a tour of Australia, culminating in a three-Test series against the Wallabies." Lewis claims ... Tags: Finance, United Kingdom |
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Singapore Enjoying Horseracing Revival
Singapore’s "once moribund horseracing scene is staging a comeback," according to Jeremy Grant of the FINANCIAL TIMES. For years, attendance at Singapore’s only racecourse "was thin as punters were put off by modest prize money and the low quality of the race horses." The arrival of cas ...
Arsenal Shareholder Tops Times Rich List
Britain "is now the home of nearly 10 times as many billionaires" as were featured in the first Sunday Times Rich List published in '89, according to Philip Beresford of the SUNDAY TIMES. This year's list was topped by Russian tycoon and Premier League Arsenal major shareholder Alisher Usmanov ...
Tags: Finance, United Kingdom
Wimbledon Prize Money Increases By 25%
The prize pot at this summer’s Wimbledon championship is set to leap by 25% to a record £20M ($30M) after the All England Club "bowed to demands from players that they needed a greater share of the tournament’s spoils," according to Nick Harris of the London DAILY MAIL. The Club wi ...
Tags: Finance, United Kingdom
EPL Spend Most Of Income On Players
Recently published accounts of all 20 clubs revealed that "more than two thirds" of the EPL's record £2.4B income in '11-12 "was paid out in wages," according to David Conn of the London GUARDIAN. The Guardian's annual special report of Premier League clubs' finances shows that they spent &pou ...
Tags: Finance, United Kingdom
BBL Forecasts Record Revenue Of $104M
The Basketball Bundesliga (BBL) forecasts a record revenue of more than €80M ($104M) generated by the 18 clubs during the '12-13 season. BBL CEO Jan Pommer said, "Although we won't know the exact number before June 30, we already know that it will be an excellent result." Pommer added: "The num ...
Finance Notes
Polish First Division side LKS Lodz "has declared itself bankrupt and unable to pay money owed to former players and coaches." The club has been "stripped of its license" to play in the First Division and will now "be forced to play two divisions lower in the fourth division" ( INSIDE WORLD FOOTBAL ...
Tags: Finance
QPR Secures $23M Barclays Bank Loan
EPL side Queens Park Rangers secured a £15M ($23M) loan from Barclays Bank in Hong Kong last month, "charged against all the club's assets including Loftus Road, significantly borrowing for the first time" during Tony Fernandes' regime as majority owner, according to James Riach of the London ...
Tags: Finance, United Kingdom
CVC Considers Taking Over Betfair
CVC Capital Partners, private-equity owner of the car-racing marketing company Formula One, "is considering a takeover approach for Betfair ," according to Anne-Sylvaine Chassany of the FINANCIAL TIMES. A person with knowledge of the matter said that "the buyout investor has not yet been in contact ...
Tags: Finance, United Kingdom
Finance Notes
Monaco head of state Prince Albert II "has expressed his confidence that the principality’s football club will prove successful as the French Football Federation prepares to hear its appeal against the French Football League’s decision to force the team to set up financial residence in F ...
Tags: Finance
Constantin Ends Subscription Period
German media group Constantin Medien, owner of German free-to-air TV channel Sport1, "had to end the subscription period for its company bonds ahead of time due to oversubscription on the first day of the subscription period," according to FINANZEN. The company had to end the subscription period on ...
