Featured Story

Cho Yang-Ho Named New Head Of 2018 PyeongChang Organizing Committee

Published in SportsBusiness Daily Global on 08 / 01 / 14

South Korean businessman Cho Yang-ho, who led PyeongChang's successful bid for the 2018 Winter Olympics, "has been named as the new president of the organizing committee" for the Games, according to REUTERS. Cho said, "I have decided to take up this position to keep the promise I made with the Inter...

Read More

More Stories

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

05/05/14
Man City Given More Time On FFP

Man City "have been given more time to accept a punishment" for breaching UEFA’s Financial Fair Play regulations after it emerged that "they were one of nine clubs found guilty of doing so," according to Ben Rumsby of the London TELEGRAPH. UEFA confirmed on Friday night that nine teams "were f ...

Tags: Finance, United Kingdom

05/05/14
Messi's Tax Issues May Cost €35M

Inspectors from the Spanish tax authorities "will end up achieving an important victory in fundraising by the end of the Lionel Messi case," according to Manel Pérez of LA VANGUARDIA. For Messi, the "final cost of his case with the Spanish tax authorities, the definitive peace, will end up co ...

Tags: Finance, Europe

05/05/14
Williams F1 Posts $37M Income Boost

The Williams F1 team "has pulled clear of the financial strugglers in the sport" with a £22M ($37.1M) boost in its income, according to Kevin Eason of the LONDON TIMES. The team's parent company, Williams Grand Prix Holdings, reported financial results on Friday that "revealed a recovering bus ...

Tags: Europe, Finance

05/02/14
Sky Customers Rise, Broadband Slows

Sky "added more than 70,000 TV customers in the three months to the end of March" -- its highest rate in five years -- but saw growth in customers signing up for broadband "drop by more than a third," according to Mark Sweney of the London GUARDIAN. Sky said that a focus on marketing its TV products ...

Tags: Finance, United Kingdom

05/02/14
Spanish Club Tenerife To Reduce Capital

Spanish second division side Tenerife's shareholders on Wednesday "approved using the team's stadium for free as a club asset and the decrease of the club's capital to achieve asset balance and meet the economic requisites" of Spain's Superior Sports Council (CSD), according to the EFE. Tenerife Pre ...

Tags: Europe, Finance

05/02/14
EPL Clubs Paid £1.8B In Wages Last Year

The London Guardian's annual review of Premier League clubs' annual accounts showed that EPL clubs "paid their players and other staff a record" £1.8B in '12-13, up 11% on the previous year. Players earning multi-million pound salaries "were again football's clear financial winners," in a year ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug