Featured Story

Executive Transactions

Published in SportsBusiness Daily Global on 11 / 26 / 14

The Greek Super League elected Asteras Tripolis President GIORGOS BOROVILOS as president on Monday "after he secured 13 votes out of the 16 teams in the league," with Panthrakikos President DIMITRIS TZELEPIS elected as his deputy ( REUTERS, 11/25 ). ... The NBA announced that JAN MENNEKEN h...

Read More

Tags: People and Pop Culture

More Stories

09/16/14
CL Clubs To Earn Minimum Of $11M

UEFA said on Monday that the 32 clubs that contest the group stages of the Champions League starting this week will "again take home a minimum" of €8.6M ($11.1M) "irrespective of results," according to Steve Tongue of REUTERS. Like last season, "every win during the group stage will earn the c ...

Tags: Finance, Europe

09/15/14
Formula E Looking To Woo Carmakers

Formula E, bankrolled with $100M by Boston Celtics managing partner Wyc Grousbeck and others, "wants to seduce sports fans and carmakers with a view to a possible initial public offering," according to Alex Duff of BLOOMBERG. At the series offices in London, Formula E CEO Alejandro Agag said that "R ...

Tags: Finance

09/15/14
U.S. Investors Line Up Tottenham Bid

A U.S. investment group backed by Guggenheim Capital is "weighing up a bid" for Tottenham Hotspur -- "in the latest American foray into the English Premier League," according to Massoudi & Blitz of the FINANCIAL TIMES. A statement from Cain Hoy Enterprises said that it was "at the preliminary st ...

Tags: Finance, United Kingdom

09/15/14
ManU Estimates $78 Million Loss

ManU estimates that it will take "a financial hit" of £48M ($78M) after its failure to qualify for Europe's elite competition -- the Champions League -- this season, according to Mehreen Khan of the London TELEGRAPH. But the fall in earnings and prestige that comes with the club's absence in E ...

Tags: Finance, United Kingdom

09/12/14
Atlético Reports Capital Increase Results

Atlético Madrid has sold 98.7% of the new shares in its capital increase -- 477,965 of the total of 484,059 -- in the first and second phases, "with the third scheduled to open Thursday," according to the EFE. The club announced that it has raised a total of €10.3M ($13.3M) after the fir ...

Tags: Europe, Finance

09/12/14
Finance Notes

McLaren CEO Ron Dennis said that his Formula 1 team "may not be having much success on the track but its finances have rarely been stronger." McLaren reported an "impressive swing back into profit last year thanks to the rising revenues from the sport and sponsorship." From a loss of about £3M ...

Tags: Finance

09/12/14
Hull City Owner Says Club Is For Sale

EPL side Hull City Owner Assem Allam said that he "put the club up for sale 22 hours after the decision to reject a change of name for the team was announced in April," according to Rory Dollard of the London INDEPENDENT. The Egyptian "addressed the media at the KC Stadium on Thursday and said he wo ...

Tags: Finance, United Kingdom

09/12/14
Tottenham Reportedly 'Up For Sale'

Tottenham Owner Joe Lewis "is ready to sell the club," according to Darren Lewis of the London DAILY MIRROR. The 77-year-old businessman "has wanted to cash in on his investment for some time" and would now now like a "staggering" £1B ($1.6B) for the north Londoners. There "has so far been no ...

Tags: United Kingdom, Finance

09/11/14
DEB Facing Tense Financial Situation

The German Hockey Federation (DEB) "will gain certainty regarding its tense financial situation over the upcoming days," according to the DPA. DEB President Franz Reindl "is excepting a report by an independent company on the organization's debt." Reindl: "What I can already say is, 'It's looking di ...

Tags: Finance, Europe

09/11/14
ManU Expects Profit To Drop

ManU targeted a "swift return to the lucrative Champions League on Wednesday," after forecasting lower profit this season when the English football club will be "absent from European competition for the first time in more than two decades," according to Keith Weir of REUTERS. United will "pay the pr ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug