SAFA Owes Second Division $500K Finance Notes 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
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South African FA Owes Second Division Clubs More Than $500K For Last Season05 / 22 / 13The South African FA "allegedly owes second division clubs" close to R5M ($524,000) for the '12-13 season, according to Sello Rabothata of SOWETAN LIVE. Though it "has been at pains to tell all and sundry that it is in a healthy financial position," the association owes all 144 second division clubs... |
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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
League Cup Money Crucial For Hearts
Scottish Premier League club Heart of Midlothian Dir Sergejus Fedotovas insisted that the club’s League Cup Final place "will deliver the cash they need to see out the season," according to Alan Marshall of the Scotland DAILY RECORD. The crisis-hit Jambos -- £24M ($38M) in debt -- are in ...
Tags: United Kingdom, Finance
Swindon Town Sold To Consortium
League One side Swindon Town FC will "avoid administration after agreeing a takeover by a local consortium," according to the BBC. The group, which will write off most of the club's £13M ($20M) debt, is led by Southern League side Banbury Owner Jed McCrory, who assumed control of Banbury six m ...
Tags: United Kingdom, Finance
Brentford Owner Investing In Club
League One Brentford revealed that Owner Matthew Benham has invested £15.2M ($24M) in the club since taking over in June, according to Giuseppe Muro of the London EVENING STANDARD. That figure "does not include the money he spent to purchase the land located at Lionel Road South," where Brentf ...
Tags: United Kingdom, Finance
DEL Club Iserlohn Slashes Ticket Prices
German Hockey League (DEL) club Iserlohn Roosters have decided to invest in their fan base and drastically reduce the prices for standing-room season tickets. Club Managing Dir Wolfgang Brück said, "The most-valued capital of our Iserlohn Roosters is its fans, which are connected to our club in ...
Tags: Finance
EPL Fulham Nearly Debt-Free
EPL Fulham is "effectively debt-free" after Owner Mohamed Al Fayed converted his £212M ($334M) in loans to the club into equity, according to Dominic Fifield of the London GUARDIAN. Fulham reported an operating profit of £1.2M for the financial year ending June 30 with that figure inflat ...
Tags: Finance, United Kingdom
BBL Club Gießen Avoids Bankruptcy
Basketball Bundesliga (BBL) club Gießen 46ers is on its way to "avoiding a lingering bankruptcy," according to SPORT1. The club said that it has commitments for €360,000 ($484,000) "to close its budget gap." Interim liquidator Tim Schneider said, "The insolvency application can only be re ...
Study: Super League Clubs Have $94M Debt
Former England rugby coach Tony Smith "has expressed concern at a damning report that claims Super League clubs are on the edge of 'a financial abyss,'" according to the PA. The study, written by Rob Wilson, a sports finance specialist from Sheffield Hallam University, "has revealed that 11 of the 1 ...
Tags: Finance, United Kingdom
ManU Worth $3B According To Forbes
ManU has become "the first sports team in the world" with a $3B valuation, according to Mike Ozanian of FORBES. Shares of the English football club, which were offered to the public last August at $14, "did poorly at first but have soared the past few days," closing at less than $17. The recent incr ...
Tags: Finance, United Kingdom
