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Survey Reveals Man City Is Highest Paid Team Globally, Five EPL Clubs Rank In Top 20

04 / 16 / 14

Man City is the highest paid team in global sport, according to Sportingintelligence’s Global Sports Salaries Survey for '14, compiled in association with ESPN The Magazine. The average first-team pay at Man City has been calculated at £5.3M ($8.8M) per year, or £102,653 ($170,000)...

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01/30/14
English Clubs Lead Spenders On Transfers

English clubs were by "far world football's biggest spenders on overseas players" in '13, paying £550M, a "quarter of the total spent by all clubs globally," according to David Conn of the London GUARDIAN. In its Global Transfer Market 2014 report, FIFA said that English clubs "spent substanti ...

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01/29/14
Deutsche Bank Lowers ManU Shares

ManU's signing of Chelsea midfielder Juan Mata "may have brightened the mood at Old Trafford," but Deutsche Bank "has taken a dim view" of the Spainiard's £37M ($61M) arrival and "downgraded its target price for the football team," according to Kiran Moodley of CNBC. With the team currently in ...

Tags: Finance, Europe

01/29/14
Fans Of Levski Launch Supporters Trust

Dissatisfied with the management of Bulgarian top-flight club Levski Sofia, fans "decided to create a supporters' trust," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The association will be named Blue Bulgaria, and its purpose "will be to raise funds that will be invested in the clu ...

Tags: Finance, Europe

01/29/14
Darlington Uses Crowfunding For Comeback

English eighth-tier side Darlington FC, one of England's oldest football clubs, "is staging a financial comeback, allbeit on a small scale," according to Paul Nicholson of INSIDE WORLD FOOTBALL. The club "has introduced a 'crowdfunding' initiative" to raise an initial £50,000 ($83,000) with fu ...

Tags: Finance, United Kingdom

01/29/14
Bundesliga Posts Record Turnover

The Bundesliga recorded its ninth straight year with positive turnover during the '12-13 season, continuing its lasting growth with €2.17B ($3B) and topping its previous year's amount by 4.4%. The Bundesliga recorded €383.5M in operative profits, the highest of all time. Seventeen of 18 cl ...

Tags: Europe, Finance

01/28/14
West Ham United Debt Rises To $128M

EPL side West Ham United's "net debt has increased" to £77M ($128M) and owners David Sullivan and David Gold "have loaned the club" another £10.5M ($17.4M) to try to secure its Premier League status, according to the PA. The club's annual accounts for the year ending May 31 reveal that W ...

Tags: United Kingdom, Finance

01/28/14
AFL Teams Told To Cut Spending

Australian Football League side Geelong CEO Brian Cook "has reopened the debate on football department spending, declaring a cap will be introduced and clubs must reduce costs or players will seek a major pay rise," according to Jon Pierik of THE AGE. While stressing that the Cats' management or boa ...

Tags: Finance, Australia

01/27/14
Revenue On The Rise For Football Clubs

Deloitte's annual Money League list reported "revenues for the top 20 global football clubs have risen" another 8%, according to the FINANCIAL TIMES. The "commercial segment -- sponsorship and the like -- is shouldering most of the burden." An average of 41% of the total of €5.4B in revenues ...

Tags: Finance, United Kingdom

01/24/14
Kenya's Athlete Tax Plan Opposed

Kenyan opposition leader Raila Odinga "urged the government to shelve plans to tax the prize money of professional athletes who compete abroad," according to Sarah McGregor of BLOOMBERG. The East African nation has produced 24 Olympic Gold Medalists in middle- and long-distance runners, including 80 ...

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01/24/14
ZEE Takes A Hit From Sports Losses

Zee Entertainment Enterprises reported "slightly better-than-expected results for the quarter ended December," according to Malvania & Agarwal of the Indian BUSINESS STANDARD. The company’s consolidated net profit stood at Rs 213.6 crore ($34.5M), up 10.5% compared to the year-ago period, ...

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