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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Fast Retailing Benefits From Weak Yen
Fast Retailing Co. "has raised its forecast for annual profit as the seller of Uniqlo-branded apparel benefits from a weakening yen," according to BLOOMBERG. The Yamaguchi-based company, Asia's largest clothing retailer, said Thursday net income will probably be ¥91.5B ($94M) for the year endin ...
Bookmaker Ladbrokes' Revenue Falls
A string of poor results at Cheltenham and punters wagering less overall "triggered a profit warning at Ladbrokes as the bookmaker's online travails look set to continue" throughout '13, according to Robinson & Wembridge of the FINANCIAL TIMES. The FTSE 250 company on Monday blamed a £5M ( ...
Tags: Finance, United Kingdom
Lancashire Cricket Reveals $2.3M Loss
County Championship side Lancashire County Cricket Club has predicted a return to profitability in the next financial year after significantly reducing its net debt and despite making an operating loss of just over £1.5M ($2.3M) for the year ended Dec. 31. With major redevelopment works due to ...
Tags: Finance, United Kingdom
Finance Notes
The official opening of Japanese sports equipment and sportswear Mizuno Corporation's retail store in Ulaanbaatar was organized at the "Altan Tugrug" Mall. Mongolia's "KGO" company was allowed to officially distribute the 108 year-old company's products ( INFO MONGOLIA, 4/15 ). ... Tecni ...
Tags: Finance
Football Worth £330M To Manchester
Football contributed £330M in gross value to Manchester, England's economy in '10-11, "with the global profile that Manchester receives from football worth an additional" £100M ($150M) a year on an advertising-equivalency basis, according to Mark Baber of INSIDE WORLD FOOTBALL. A report ...
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Dunfermline Athletic Bids To Save Club
Scottish Football Club Dunfermline Athletic's interim administrators "have been given the go-ahead to continue their bid to save the football club," according to the BBC. Dunfermline had been granted interim administration last month after "facing a winding-up order" over a £132,000 ($203,000) ...
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Finance Notes
Germany sports retail chain SportScheck achieved a gross turnover of about €394M ($516.61M) for the fiscal year until the end of February, down by just 3.4% compared with its record sales the previous year ( ISPO, 4/11 ). ... Under Armour has teamed up with former adidas Brasil President Marc ...
China Sportswear Company Sues Jordan
Chinese sportswear company Qiaodan Sports said that it sued Michael Jordan for $8M in damages "after his lawsuit claiming unauthorized use of his name," according to Vinicy Chan of BLOOMBERG. The retailer’s suit "was accepted by the Quanzhou City Intermediate People’s Court in Fujian on ...
Tags: Finance, China, North America
Duo Forms New Sports Business Venture
The strategists behind three of football’s biggest names -- David Beckham, Cristiano Ronaldo and Jose Mourinho -- "are setting up their own sports business," according to Charles Sale of the London DAILY MAIL. XIX Entertainment PR Head Simon Oliveira "is joining forces with" Creative Artists A ...
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Ex-Ranger Owner Faces Bankruptcy
Former Scottish Third Division Rangers Owner Craig Whyte "is facing bankruptcy after losing a court battle with Ticketus " over a £17. 7M ($27. 1M ) dispute, according to the SCOTSMAN. Whyte "has been ordered to pay the sum back to Ticketus " after a High Court judge in London ruled i ...
Tags: Finance, United Kingdom
