Business Rates Are Lord's Next Big Test Nottingham In Talks With New Backers F1 IPO On Track Despite Legal Issues 'Fergie Factor' Worth $1.5B Seven F1 Teams Can't Afford New Engines U.K. Tax Authority Targets Coaches Finance Notes Puma Cuts Full-Year Profit Forecast Finance Notes Football Players Salary Based On Metrics
Upcoming Conferences and Events
Featured Story
Business Rates Are Next Big Test For Owners Of London's Lord's Cricket Ground05 / 21 / 13London's Lord's Cricket Ground owners are "fighting a battle over business rate increases described as 'just not cricket,'" according to Dominic Walsh of the LONDON TIMES. The home of the Marylebone Cricket Club is one of four of the six Test match venues for this summer’s series against New Z... Tags: Finance, United Kingdom |
More Stories
Golf Worth $20B To Europe's Economy
A report commissioned by the PGA and produced by Sports Marketing Surveys revealed golf is worth just under £13B ($20B) to Europe's economy, according to Tania Longmire of GOLF CLUB MANAGEMENT. The sport is worth £5.25B ($8.2B) to the British and Irish economies alone. The study also fou ...
Sponsors Fuel ManU's Record Revenue
ManU is "on course to hit financial targets this year" after signing multiple sponsorship deals at the end of '12, according to Keith Weir of REUTERS. ManU signed six new sponsorship deals with companies around the globe in the last three months of '12, "one of the busiest periods" in the football c ...
Tags: Finance, United Kingdom
Li-Ning To Overhaul Sales Model
Chinese sporting goods brands Li-Ning, 361 Degrees, Anta and Peak Sports are struggling due to "high rents, excess stock, and the sluggish economy" according to WANT CHINA TIMES. Li-Ning chief PR representative Christina Li Wei said, "We believe that a business model which relies on wholesalers is c ...
New Figures Show Celtic Is Debt Free
Scottish Premier League Celtic CEO Peter Lawwell insisted that the club is "possibly in the best financial position of the club’s 125-year history -- after figures showed the club is now debt-free," according to Craig Swan of the Scotland DAILY RECORD. Interim financial results for the second ...
Tags: Finance, United Kingdom
JP Morgan Upgrades Nike To Overweight
JP Morgan Monday upgraded shares of Nike “to overweight, giving the stock a boost in a down market,” according to CNBC's Scott Wapner. Baker Ave Asset Management CEO Simon Baker said Nike has a “multiyear product line ahead of it,” $2-3B in “free cash flow” and th ...
Tags: Finance, North America
Yao Ming Shares In UniStrong Drop 70%
Amid allegations of insider trading, the company in which former NBAer Yao Ming has 1.053 million shares saw its share price close at RMB 20.16 ($3.23) on Wednesday, "a far cry from its peak" of RMB 113.98 ($18.27), according to Wu Jui-ta of WANT CHINA TIMES. As a result, the market value of Yao's s ...
Europe's Top Football Clubs Lose $2.3B
Europe's most spendthrift football clubs are "coming under pressure" from UEFA to show that they are abiding by the governing body's financial controls, as "losses across the game’s top sides grow," according to Roger Blitz of the FINANCIAL TIMES. UEFA’s annual report on the health of 67 ...
Tags: Finance, Europe, United Kingdom
FC Kaiserslautern To Issue Fan Bonds
German 2nd Bundesliga club FC Kaiserslautern "will issue fan bonds" for a total of €6M ($8.1M) "to help finance the planned upgrade of its youth academy," according to the DPA. The club will start issuing the bonds on Tuesday at 7pm German time. Customers will be able to purchase bonds online f ...
Indian Premier League Auction
Proven Test cricket players Michael Clarke and Ricky Ponting's "high-risk strategy of placing the maximum Indian Premier League auction price on their heads only barely paid off as teams instead clamoured over Australia's unproven all-rounders and three pacemen well down the national team's pecking ...
AEG Could See Could See Two New Bids
An Australian shopping center operator and a Qatari sovereign wealth fund "are among those expected to submit bids" worth about $5B-8B for Anschutz Entertainment Group "as early as next week," according to Sender, Edgecliffe-Johnson & Gelles of the FINANCIAL TIMES. AEG's billionaire Owner Philip ...
Tags: Finance, United Kingdom
