Welsh Rugby CEO Favors Profits Split NRL Newcastle Knights Remain Safe F1 Would Have 4th-Best GDP As A Nation Adidas Expects Football Sales To Rise Spain Side Salamanca Liquidated Messi Tax Investigation May Be Expanded Lotus F1 Sells 35% Of Shares To Infinity British Horse Racing Generated £3.5B Maradona Wins Lawsuit In Shanghai I-League Clubs Lose Sponsorship Funds
Upcoming Conferences and Events
Featured Story
Welsh Rugby CEO Wants To Discuss Profits Split From British & Irish Lions Tours06 / 20 / 13Welsh Rugby Union CEO Roger Lewis said that the home nations "need to look at how the money made from the British and Irish Lions tours is divided up," according to the BBC. The Lions are "currently on a tour of Australia, culminating in a three-Test series against the Wallabies." Lewis claims ... Tags: Finance, United Kingdom |
More Stories
Spanish Football Debt Down 8.2%
Spanish professional football clubs now owe the country's tax authority AEAT €690.4M ($893.8M), according to the EFE. The debt is down 8.2% from the previous year "as a consequence of the control plan put in place" by the AEAT. The overall debt is down about €62M ($80M) from the €752. ...
J.League Announces Losses For 2012
The J.League reported higher than budgeted revenue for the final nine months of '12 "partically due to donation towards earthquake disaster relief," according to JIJI. J.League budgeted 9.6B JPY, which was 58M JPY more than budgeted. Total expense was 9.8B JPY, which was 235M JPY less than budgeted. ...
Schalke Releases '12 Financial Results
Bundesliga club FC Schalke 04 "has released its financial results" from the '12 fiscal year in which it lost €4.55M ($5.94M), according to KICKER. Just one year earlier, Schalke generated €5.57M in profits. The club said that the negative result is due to "player contracts that it signed o ...
AEG Sale Halted, Anshutz Retains Control
The Anschutz Company Thursday announced that it is halting the sale process of AEG and that AEG President & CEO Tim Leiweke will be leaving the company. AEG Chair Phil Anschutz will take a more active role in the company's worldwide strategy and operations, with Dan Beckerman taking the Presiden ...
Tags: Finance
F1's Smaller Teams Struggling
F1 co-owner CVC Capital Partners Ltd. is "rankling smaller teams as the buyout firm cashes in on its investment in the auto racing series," according to Alex Duff of BLOOMBERG. CVC began selling its 63.4% stake last year after "setting new terms" with Red Bull, Ferrari and McLaren. Those teams, "the ...
Barcelona Gets Pay Boost From UEFA
FC Barcelona "has increased" its prize money for its Champions League campaign by €3.9M ($5.1M) thanks to its 4-0 victory over AC Milan on Tuesday, according to SPORTUNE. The team has now generated €20.5M ($26.7M) with its performance in this year's Champions League. The number does not in ...
Ecclestone Sees New IPO Opportunity
F1 CEO Bernie Ecclestone said that the sport's postponed flotation "could be re-launched later this year," according to Alan Baldwin of REUTERS. Ecclestone: "Last year I thought that the markets were not ready, but now it is getting more likely that there is an opportunity. In the next three months ...
Werder Bremen Expects Financial Loss
Bundesliga club Werder Bremen "will again end the fiscal year with a noticable loss," according to SPOX. Club Exec Dir Klaus Filbry said, "We will again not have a positive result. However, the minus won't be as high as last year." The club has lost €14M during the previous fiscal year. This ye ...
Adidas Makes $344M Reebok Write-Off
Adidas has been forced to write off £265M ($344M) at its Reebok business during a year in which Reebok "uncovered fraud at its Indian unit, endured a strike" in the NHL and saw a 10-year U.S. football contract "come to an end," according to Simon Neville of the London GUARDIAN. The writedown " ...
Tags: Finance
Alex McLeish Cost Aston Villa Owner $9M
Alex McLeish’s "ill-starred tenure" as Aston Villa manager cost Owner Randy Lerner £6M ($9M) in compensation payments last season, according to Paul Kelso of the London TELEGRAPH. The cost of McLeish takes Villa’s total spending on "hiring and firing managers" to £18M ($27M) ...
Tags: Finance, United Kingdom
