Featured Story

Executive Transactions

Published in SportsBusiness Daily Global on 11 / 26 / 14

The Greek Super League elected Asteras Tripolis President GIORGOS BOROVILOS as president on Monday "after he secured 13 votes out of the 16 teams in the league," with Panthrakikos President DIMITRIS TZELEPIS elected as his deputy ( REUTERS, 11/25 ). ... The NBA announced that JAN MENNEKEN h...

Read More

Tags: People and Pop Culture

More Stories

10/03/14
Mike Ashley Takes Over 9% Of Rangers

EPL side Newcastle United Owner Mike Ashley "can be revealed" as Scottish Championship side Rangers' "mystery shares buyer" as he takes a 9% stake in the club, according to Matt Coyle of STV. Investment management firm Hargreave Hale this week sold its 5.23% holding in the Ibrox club, around £ ...

Tags: Finance, United Kingdom

10/03/14
RFEF President Touts Strength Of LFP

Following comments from Spanish Minister for Tax & Administration Cristóbal Montoro, who " demanded that football clubs resolve their tax debts ," Spanish Football Federation (RFEF) President Ángel María Villar said, "Spanish football is a power and it has teams with worldwi ...

Tags: Europe, Finance

10/02/14
NRL Warriors Caught Up In Scandal

The National Rugby League's New Zealand Warriors "are caught up in an investigation into a Maori tourism qualification involving alleged overpayments" of NZ$6M ($4.7M) of taxpayers' money, according to Deane & Savage of the NEW ZEALAND HERALD. Nearly 100 players and staff "completed" an 18-week ...

Tags: Finance, Australia

10/02/14
New Deal Boosts F1 Prize Money

Financial statements released on Tuesday revealed that prize money paid to F1’s 11 teams accelerated 6.1% to a record $797.5M last year, "driving a 32% fall in operating profit at the race series," according to Christian Sylt for FORBES. The bumper prize money payment "calls into question the ...

Tags: Finance, Europe

10/02/14
FC Nuremberg Reports Small Profit

Second Bundesliga club FC Nuremberg "reported a small profit for the '13-14 fiscal year," according to the DPA. The club made a profit of €409,000 during the '13-14 season, which "was its last in the top-flight Bundesliga." Nuremberg CFO Ralf Woy said, "We aren't very satisfied with the result, ...

Tags: Finance, Europe

10/02/14
ASADA Probe Proves Costly At Cronulla

National Rugby League Cronulla Chair Damian Keogh has revealed the club is "poised to announce a loss" of about A$1M ($870,000) this year -- "half of which can be directly related to the Australian Sports Anti-Doping Authority investigation," according to Brent Read of THE AUSTRALIAN. The World Anti ...

Tags: Finance, Australia

10/02/14
Spanish Tax Minister Wants Debts Paid

Spanish Minister for Tax & Administration Cristóbal Montoro confirmed that he has demanded that those football clubs with "outstanding tax debts resolve this situation immediately," according to the EP. The combined debt is now €500M ($630M), a reduction of €200M ($252M) since t ...

Tags: Finance, Europe

10/02/14
Adidas To Buy Back $1.9B In Shares

Adidas, "facing investor discontent after a series of profit warnings," plans to return as much as €1.5B ($1.9B) to shareholders over the next three years, according to Emma Thomasson of REUTERS. The shareholder return program "would be financed mainly from the group's free cash flow, with buyb ...

Tags: Finance, Europe

10/02/14
Caterham F1 Fears For Its Future

Staff at Caterham F1's Oxfordshire base "fear the team will leave" its U.K. factory at the end of the season, "or worse collapse amid the increasingly precarious financial climate" for F1's smallest teams, according to Daniel Johnson of the London TELEGRAPH. Caterham sources said that "work on next ...

Tags: Europe, Finance

10/01/14
Mainz Reports Record Revenue Of €79M

Bundesliga club FSV Mainz "reported a record revenue" of €78.7M for the '13-14 fiscal year, according to Ulrich Gerecke of MAIN SPITZE. The club's revenue increased by €12M ($15M) in comparison to the previous season. The club also announced a profit of €4.97M. Mainz "released the num ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug