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Constitutional Judge Backs Bremen State Senate's Proposal Regarding Security Costs

Published in SportsBusiness Daily Global on 07 / 30 / 14

German constitutional judge Peter Müller "has backed the Bremen State Senate in its dispute with the German Football Federation (DFB) and the German Football League (DFL) regarding the financing of police operations ," according to the DPA. Müller said, "Sanction does not replace discussi...

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Tags: Leagues and Governing Bodies, Europe

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05/08/14
Spanish Clubs Reduce Debts By €200M

Spanish professional football clubs reduced their debt to Spanish tax authorities by more than €200M during the '12-13 season, as clubs obtained a profit of €106M and decreased spending by 7%, according to the EFE. Spanish Superior Sports Council (CSD) President Miguel Cardenal "released t ...

Tags: Finance, Europe

05/07/14
Man City Ready To Fight FFP Sanctions

Tensions "are rising" between Man City and UEFA after the club "rejected proposed sanctions including a huge fine and a reduction to the size of their Champions League squad," according to Oliver Kay of the LONDON TIMES. UEFA has proposed that Man City, along with Ligue 1 Paris St. Germain and a han ...

Tags: Finance, United Kingdom

05/07/14
EPL Clubs Face Losses From Gambling

Premier League clubs face the loss of up to £90M ($152M) of income "because of a clampdown by the gambling regulator on online betting operators that use the league’s international popularity to promote their websites to Asian audiences," according to Roger Blitz of the FINANCIAL TIMES. ...

Tags: Finance, United Kingdom

05/07/14
Adidas Reports Disappointing Results

Adidas "reported disappointing first-quarter results on Tuesday due to a big drop in sales at its TaylorMade golf business, but said a stronger second quarter was signalling a return to growth," according to Emma Thomasson of REUTERS. The world's second-biggest sportswear firm, which has been losing ...

Tags: Finance, Europe

05/07/14
Real's Iker Casillas Pays Taxman $2.8M

Spanish int'l and Real Madrid footballer Iker Casillas has had to pay Spanish tax authorities €2M ($2.8M) after "being subject to an investigation," according to the EFE. Casillas' Real Madrid teammate Xabi Alonso and Atlético Madrid's David Villa were also investigated. Spanish newspape ...

Tags: Europe, Finance

05/06/14
Messi Camp Denies La Vanguardia Report

Lionel Messi and his family "reacted with concern to a report on Sunday " saying that his eventual settlement with the Spanish tax authorities could cost him €41M ($57M), according to Sergi Font of MARCA. Sources "close to Messi expressed surprise and indignation at the news," which was report ...

Tags: Finance

05/06/14
Wearables Industry Ponders Next Step

Nike 's decision "to stop developing its FuelBand fitness-tracking bracelet last month sent shockwaves through the wearables industry," according to Bradshaw & Mishkin of the FINANCIAL TIMES. If one of the world's largest sportswear companies cannot make a success of a health-monitoring wristb ...

Tags: Finance

05/06/14
UEFA Figures Show Player Salaries Up 59%

UEFA published a "report about Financial Fair Play that shows the activity of European clubs over the last five years," according to José A. Giménez of MARCA. Player "salaries during that time have increased by 59%." The "result is very positive in Spain -- especially when compared wit ...

Tags: Europe, Finance

05/06/14
Dupont Hopeful Over Fight Against FFP

The Belgian lawyer who has taken UEFA to court over Financial Fair Play "has told Le Parisien the new regulations will only reinforce the position of football's already established elite," according to Ian Holyman of ESPN. Jean-Louis Dupont, "who was part of the legal team that brought about the Bos ...

Tags: Finance, Europe

05/05/14
F1 Teams Step Away From Cost-Cutting

F1's "cash-strapped smaller teams sounded a note of cautious optimism" on Friday after a meeting with the sport's powerbrokers to "discuss how to slash costs in the face of opposition to a cap on spending," according to Alan Baldwin of REUTERS. F1 Deputy Principal Bob Fernley said, "We are optimisti ...

Tags: Finance

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