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Tour De France A Bargain For Sponsors As Team Sponsorships Drop 50%

Published in SportsBusiness Daily Global on 07 / 29 / 14

The Tour de France "is a bargain for sponsors, courtesy of Lance Armstrong," according to Danielle Rossingh of BLOOMBERG. The event "could once demand large investments from potential backers." Hilversum, Netherlands-based sports marketing consultant Frank van den Wall Bake said that tainted by dopi...

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Tags: Marketing and Sponsorship, Europe

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05/23/14
Bike New Zealand In Financial Strife

New Zealand's second-most funded Olympic sport "faces serious financial problems" with Bike New Zealand set to record a net loss of NZ$169,685 ($145,000), according to Simon Plumb of STUFF. The taxpayer-funded organization, which received NZ$18.3M in public funding for its last Olympic Games alone, ...

Tags: Finance

05/22/14
Racing NSW Could Get Tax Parity

The state government funding agreement for the first running of The Championships horse race "was linked" to Racing New South Wales' "ongoing fight to get tax parity for the TAB distribution with Victoria," according to Chris Roots of the SYDNEY MORNING HERALD. The A$10M ($9M) in funding "was not si ...

Tags: Australia, Finance

05/21/14
Man City Invests In J.League Club

Man City has "bought a stake" in J.League club Yokohama F. Marinos, "expanding their links" with overseas football clubs, according to Keith Weir of REUTERS. Man City, owned by Abu Dhabi's Sheikh Mansour, has already bought A-League side Melbourne Heart and is launching the MLS side N.Y. City FC nex ...

Tags: Finance, United Kingdom, Japan

05/21/14
Racing New South Wales In Funding Row

Racing New South Wales CEO Peter V'landys "has taken the gloves off" as he fights to retain A$10M ($9M) in funding for the sport's showcase, The Championships, and for the future of racing in NSW, according to Chris Roots of the SYDNEY MORNING HERALD. The racing chief "was left fuming about an offer ...

Tags: Finance, Australia

05/21/14
CSKA Sofia Pulls Out Of Public Listing

Bulgarian side CSKA Sofia "failed in its bid to become a public company listed on the Bulgarian Stock Exchange," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The failed IPO sold only 360,000 shares -- "the minimum requirement for the club to become publicly traded was 1.4 million." T ...

Tags: Finance, Europe

05/20/14
Corbis Buys WSM Communications

Entertainment marketing company Corbis Entertainment bought British-based sports marketing company WSM Communications for an undisclosed amount, ­ a move that allows Corbis to expand into the sports sponsorship marketplace. A formal announcement is expected to come this week. "If you look at WME's I ...

Tags: Finance

05/20/14
Helious Closes Atlanta Office

Helios Partners last week closed its Atlanta office. The int'l sports consulting firm, which has worked extensively on Olympic bids and sponsorship consulting, had been headquartered in Atlanta since it was founded in '04. A total of 10 employees who worked in the office were let go by the agency. ...

Tags: Finance, North America

05/19/14
Doyen Sports Looking To Expand Into EPL

Doyen Sports, an investment fund that "finances player purchases" for football clubs, wants to expand into the Premier League, according to Tariq Panja of BLOOMBERG. Nelio Lucas, the 35-year-old CEO of Doyen Group's Malta-registered subsidiary, said that Doyen is looking to invest $273M after profit ...

Tags: United Kingdom, Finance

05/16/14
ManU's Woes On Pitch To Cost $59M

ManU Exec Vice-Chair Ed Woodward said that the cost of the club's failure to qualify for the Champions League will be in the region of £35M ($59M) in lost earnings, according to Roger Blitz of the FINANCIAL TIMES. Woodward's comments came as the club "prepares to appoint a new manager to resto ...

Tags: Finance, United Kingdom

05/16/14
Panathinaikos To Hike Ticket Prices

Greek Superleague side Panathinaikos CEO Giannis Alafouzos said that the club "is planning to overhaul and expand its stadium," according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. Construction works at the facility are scheduled to begin in December, "and are expected to take between three and ...

Tags: Finance, Europe

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