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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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Tags: Finance, United Kingdom

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01/13/14
La Liga Valencia Player Salaries Leaked

The fires "will not stop appearing for La Liga Valencia," according to Rafael Molina of EL CONFIDENCIAL. Accounting firm KMPG's audit of the club "was cited in a report by newspaper Las Provincias that revealed what Valencia players earned this past season." KPMG is "also involved in Spanish bank Ba ...

Tags: Finance, Europe

01/10/14
Eto'o Wealthiest Foreign-Born EPL Player

Chelsea striker Samuel Eto'o is the wealthiest foreign-born EPL player with a net worth of £39M ($64M), according to a Wealth-X list that also includes players from Spain, Argentina and the Czech Republic. The combined fortunes of the 10 footballers on the list is £245M ($402M), £1 ...

Tags: Finance, United Kingdom

01/10/14
River Plate Upset With Former President

Argentine first division side River Plate execs "are embarrassed," according to Daniel Avellaneda of CLARIN. This is not "just because of figures showing that the club's previous leadership increased its debt" from $383M on Aug. 31 to $425M. It is "also due to a summary of the corporate credit card ...

Tags: Finance, South America

01/10/14
Financial, Political Woes Plague Nalchik

Russian football club Spartak Nalchik "will cease to exist as a professional team amid financial and political problems, an official announced Thursday in another blow to sport in Russia's troubled North Caucasus," according to R-SPORT. So far this season, fellow North Caucasus club Anzhi Makhachka ...

Tags: Finance, Russia

01/09/14
Deportivo La Coruña Lost €393K In '12-13

Spanish second division side Deportivo La Coruña's bankruptcy administrators presented club accounts indicating a loss of €393,218 during the '12-13 financial year, according to the EFE. This contradicted Deportivo's reported annual profit of €38,700. The difference between the fi ...

Tags: Europe, Finance

01/08/14
UK Athletics CEO Bonus Draws Criticism

UK Athletics CEO Niels de Vos "has been accused of sending the wrong message to the country’s volunteer coaches" after "he received" a 55% pay increase during the Olympic year, according to Simon Hart of the London TELEGRAPH. UK Athletics’ annual accounts revealed that the salary for De ...

Tags: Finance, United Kingdom

01/08/14
Argentine Club All Boys Confronts Crisis

Argentine first division club All Boys' "financial crisis has arrived at a point of chaos," according to OLE. All Boys President Roberto Bugallo told his players that "there is no money." The financial crisis the club is facing has "reached such a magnitude that Bugallo has given his players an open ...

Tags: Finance, South America

01/07/14
Lara Gut Top Skiers' Prize Money List

Swiss Alpine skier Lara Gut "has been the big earner so far this World Cup season, winning 172,500 Swiss francs ($191,000) in prize money," according to Simon Häring of BLICK. The 22-year-old "is currently fourth in the overall World Cup standings but leads the money rankings." Gut "has won fou ...

Tags: Finance, Europe

01/07/14
Al Nassr Player Claims He Is 'A Hostage'

Brazilian footballer Rafael Bastos has claimed he is "a hostage" to Saudi Arabian club Al Nassr amid a "disagreement over unpaid wages," according to Kristan Heneage of ESPN. Bastos, 29, said that he has "not been paid by his employers, who have refused to grant him the visa that would enable him to ...

Tags: Finance, Middle East

01/06/14
IMG's 'Fuzzy Math" Could Haunt WME

IMG’s "fuzzy math was the subject of much debate over the past few months," according to Claire Atkinson of the N.Y. POST. Now it looks like that math "may be coming back to haunt those charged with winding down IMG’s owner, Forstmann Little & Co." Sources said now that acquirers Sil ...

Tags: Finance, North America

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