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TalkTalk Pledges To Pass On Price Cuts To Customers In BT's Broadband

Published in SportsBusiness Daily Global on 09 / 19 / 14

TalkTalk "has pledged to cut the price of fibre broadband for customers should regulatory proposals over access to BT’s network force the former telecoms incumbent to lower the wholesale cost," according to Daniel Thomas of the FINANCIAL TIMES. TalkTalk CEO Dido Harding said that "prices for f...

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Tags: Media, United Kingdom

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Real Zaragoza's LFP Rights Embargoed

Spain's tax authorities have issued a "preventive embargo" on Spanish second division side Real Zaragoza's right to participate in the Spanish Football League (LFP) due to the club's €1.92M ($2.6M) debt, according to the EFE. This embargo "creates another setback for the club's new shareholder ...

Tags: Europe, Finance

Rangers To Launch Share Issue

Scottish Championship side Rangers "are to launch a new share issue" in a bid to raise in the region of £8M ($13M), according to the BBC. The new issue will "take place before the end of August." Rangers Chair Graham Wallace recently said the Ibrox club was "in a good place" financially. A min ...

Tags: Finance, United Kingdom

Scottish Rugby Posts Record Figures

Scottish Rugby "posted its highest-ever turnover" of £40M last year, according to the BBC. A record total of more than 600,000 people "passed through the turnstiles" for int'l, professional and club matches across the season. In the past year, it has added Famous Grouse, Unilever, Tennent Cale ...

Tags: Finance, United Kingdom

Betfred Ceases Operation In 19 Countries

British bookmaker Betfred "has reportedly ceased operations in 19 different countries due to licensing issues," according to POKER STRATEGY. As a result, Betfred "will close the accounts of its customers in the affected countries in a timely fashion." The bookmaker "will give its customers 30 days t ...

Tags: Finance, Europe

HKJC Announces Higher Stake Money

The Hong Kong Jockey Club "announced higher stake money across the board for next season to keep pace with its soaring betting turnover, maintaining its claim as the place with the world's highest prize money per race and setting the tone for future increases," according to Michael Cox of the SOUTH ...

Tags: Finance, China

Looking Back At World Cup In South Africa

As the football world descends on Brazil for the FIFA World Cup this week, "disillusionment over the last tournament still lingers in South Africa," according to Matt Egan of CNN MONEY. The 2010 World Cup "boosted tourism and national pride, but it's clear the economic benefits failed to live up to ...

Tags: Finance, Africa

Chinese Brands Hope For WC Sales Bounce

First-quarter sales figures indicate that Chinese sportswear brands "are showing signs of recovery, and companies expect further growth this summer to come from the 2014 FIFA World Cup," according to the CHINA DAILY. A group of domestic athletic apparel manufacturers "announced first-quarter sales a ...

Tags: Finance, Brazil

Deutsche Bank Drops Investment Plans

Financial institute Deutsche Bank "has pulled out of negotiations with Bundesliga side Borussia Dortmund to acquire a 10% stake in the club," according to FOCUS ONLINE. Media reports about a possible investment of the bank "helped the club's publicly traded shares to reach a 12-year high last week ...

Tags: Finance, Europe

Renault, Caterham Revise Car Structure

Renault has increased its stake in Société des Automobiles Alpine Caterham to 100%, following the acquisition of the interest held by Caterham Group. Renault will now continue to develop its own Alpine sports car to be launched in '16, as initially planned. Caterham Group also plans t ...

Tags: Finance, United Kingdom, Europe

Rangers Directors Hold Showdown Talks

Scottish Championship side Rangers directors "were locked in showdown talks" in London "as they attempt to stave off more financial chaos," according to Keith Jackson of the Scotland DAILY RECORD. Brothers Sandy and James Easdale traveled to meet with representatives of shareholders groups Blue Pitc ...

Tags: Finance, United Kingdom

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