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England & Wales Cricket Board Chair Graves Opens Door To Pietersen Return

Published in SportsBusiness Daily Global on 03 / 02 / 15

Incoming England & Wales Cricket Board Chair COLIN GRAVES has given England cricket player KEVIN PIETERSEN "a glimmer of hope that he may yet be able to resurrect his England career," according to the AFP. With England toiling at the World Cup and Pietersen having spoken of his eagerness t...

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Tags: People and Pop Culture, United Kingdom

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Chinese Brand Li Ning's Shares Tumble

Chinese sportswear brand Li Ning's shares tumbled 8% to "close at their lowest in a decade after the troubled Chinese sportswear brand announced moves to raise" up to $220M in an "open offer of shares," according to Waldmeir & McGee of the FINANCIAL TIMES. The Hong Kong-listed company plans to o ...

Tags: Finance, Asia

Sky's Shares Hit By EPL Rights Fears

The battle for Premier League football rights "has kicked off and fears that Sky will be on the losing side" sparked "the heaviest fall in its shares in almost five months" on Monday, according to Ben Martin of the London TELEGRAPH. The auction for rights to the three seasons from Aug. '16 began on ...

Tags: Finance, United Kingdom

Sources: Puma Listening To Buyout Offers

Puma's controlling shareholder Kering has "explored a sale of the German sportswear maker as efforts to revive the brand drag into a fifth year," according to sources cited by Kirchfeld, Nair & David of BLOOMBERG. The sources said that the Paris-based Kering "contacted potential buyers earlier t ...

Tags: Finance, Europe

QPR Faces Legal Battle Over FFP Rules

EPL side Queens Park Rangers "face an anxious wait as they prepare for the possibility of a legal battle with the Football League over any breaches of Financial Fair Play regulations," according to Oliver Kay of the LONDON TIMES. League rivals Burnley and Leicester City are understood "to have compl ...

Tags: Finance, United Kingdom

Aberdeen Reduces Debt To $315K

Scottish Premiership club Aberdeen Chair Stewart Milne "was a happy man as agreement over a restructuring of the Dons finances to virtually wipe out" a near-£15M ($24M) debt was endorsed by shareholders at the club's annual general meeting, according to Frank Gilfeather of the Scotland DAILY R ...

Tags: Finance, United Kingdom

Perth Glory Fail To Report Player Benefits

Undisclosed agent fees, "cars for players' use and free accommodation are behind the allegations" that A-League side Perth Glory have broken Football Federation Australia's "strict salary cap guidelines for up to three consecutive seasons," according to Bossi & Gorman of the SYDNEY MORNING HERAL ...

Tags: Finance, Australia

Hearts Reveal Profit Of $1.4M For '13-14

Scottish Championship side Heart of Midlothian announced its latest accounts that reveal the club "made a profit during administration," according to the Scotland DAILY RECORD. The club's financial results for the year ending in June coincide "almost exactly" with the time it was under the control o ...

Tags: Finance, United Kingdom

Trio Handed Transfer Embargoes

League Championship sides Blackburn, Leeds United and Nottingham Forest have been given "transfer embargoes for the rest of the season for breaching Financial Fair Play rules," according to the BBC. The clubs have been handed the bans for "not meeting the Football League's Fair Play Requirement." Th ...

Tags: Finance, United Kingdom

Brazil Bank Stops Volleyball Payments

A report by Brazil's anti-corruption body found that companies controlled by "relatives of the former president of Brazil’s volleyball federation as well as current and former administrators" misappropriated $11.3M in sponsorship income, according to Panja & Batista of BLOOMBERG. State-con ...

Tags: Finance, Brazil

Russians Allocate $83M To Crimea

Last week UEFA announced it was "banning clubs in the annexed Crimea region of Ukraine" from playing in any Russian-organized football competitions, according to Paul Nicholson of INSIDE WORLD FOOTBALL. This week the Russians have announced an $83M aid package to "rebuild Crimean sports infrastructu ...

Tags: Finance, Russia

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