Featured Story

Seven West Media's Profits Fall Nearly 20% Due To Weak Advertising Market

Published in SportsBusiness Daily Global on 08 / 17 / 17

Seven West Media's profit has fallen by 19.5% to A$166.8M ($131.6M) "as a weak advertising market rocks its print businesses and 'hinders' the performance of its Olympic Games coverage," according to Arvind Hickman of AD NEWS. The group's revenues declined 2.8% to A$1.68B ($1.33B), "largely due to d...

Read More

Tags: Finance, Australia

More Stories

05/12/17
Paddy Power Betfair Entering Fantasy Space

Betting firm Paddy Power Betfair has "trodden new ground after snapping up" a U.S.-based fantasy sports start-up, according to Bradley Gerrard of the London TELEGRAPH. The Irish-based business, which is listed in London, paid $19M for Draft, an early-stage online company which "enables customers to ...

Tags: Finance, North America

05/11/17
Tax Probe To Investigate Wages

The investigation into the tax affairs of professional football clubs by U.K. tax authority HMRC is scrutinizing the basic salaries paid to academy scholars to "decide whether they meet minimum wage regulations," according to Sam Wallace of the London TELEGRAPH. The HMRC investigation "came to promi ...

Tags: Finance, United Kingdom

05/11/17
Adidas Sells Golf Brands For $425M

Adidas is selling its golf equipment and clothing brands, TaylorMade, Adams Golf and Ashworth, to private equity firm KPS Capital Partners, "taking a hit to its earnings," according to Arno Schuetze of REUTERS. The German brand said in a statement that it will receive $425M, "around half o ...

Tags: Finance, Europe

05/11/17
ITV Combating Advertising Declines

ITV has "warned investors to expect a marked decline in advertising revenues" in the first half of '17 as the U.K.’s biggest commercial broadcaster reported a 9% fall in ad sales to £393M ($508M) in the first three months of the year, according to David Bond of the FINANCIAL TIMES. After ...

Tags: Finance, Europe

05/10/17
Leyton Orient Faces Winding Up Order

League Two side Leyton Orient's former stewarding company "formally applied for a winding up order over an outstanding debt" of £18,600 ($24,000), according to SKY SPORTS. Centre Circle Event Management is one of four creditors that appeared at a High Court hearing on March 20 when Leyton Orie ...

Tags: Finance, United Kingdom

05/10/17
ManU Tops '15-16 EPL Profits Table

The "money machine" that is ManU replaced Liverpool as No. 1 on Inside World Football’s Premier League of profits listing for '15-16, according to David Owen of INSIDE WORLD FOOTBALL. The impact of a new kit deal with adidas "combined with reduced finance costs" as a consequence of a refi ...

Tags: Finance, United Kingdom

05/10/17
Finance Notes

William Hill has "suffered slowing growth " at its U.K. betting shops , as punters "increasingly choose to place their wagers online" and as other companies complain of "falling consumer confidence on the high street." In a trading update for the 17 weeks to April 25, the bookmaker said on Tuesd ...

Tags: Finance

05/09/17
Swansea City Publishes Wage Bill

Swansea City's wage bill has been confirmed as "one of the lowest in the Premier League" -- but it still accounted for a "huge chunk" of the club's EPL cash, according to Chris Wathan of WALES ONLINE. Swansea had already published figures that show ...

Tags: Finance, United Kingdom

05/09/17
Global Esports Viewing Up 19%

The amount of time people around the world "watch competitive video games as a spectator sport continues to rise at a rapid pace," up 19% last year to more than 6 billion hours, a report from analysts at IHS Markit found, according to Tim Bradshaw of the FINANCIAL TIMES. However, the study sugg ...

Tags: Finance

05/09/17
Aussie Government To Back CWG

Australia's federal government will "go for gold" under a multi-million dollar plan to "help more Australian athletes win medals at next year's Commonwealth Games on the Gold Coast," according to Renee Viellaris of the Brisbane COURIER-MAIL. A new A$15M ($11M) winning fund will be released in t ...

Tags: Finance, Australia

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug