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Alex Ferguson Brought Estimated $1.5B Boost To Manchester Economy During Time At ManU05 / 17 / 13The "Fergie factor" gave the city of Manchester's economy a boost worth more than £1B ($1.5B) during his 26 years at the club, according to Adam Jupp of the MANCHESTER EVENING NEWS. Experts have calculated the extent to which the success outgoing Manager Alex Ferguson brought to the... Tags: Finance, United Kingdom |
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Man City Reports $158.3M Loss Last Year
Winning the EPL title "incurred a loss" of £97.9M ($158.3M) for Man City, although that represented "half the deficit the club suffered the previous season when it finished third," according to Blitz & Bounds of the FINANCIAL TIMES. Man City "managed to cut its annual losses to £97.9 ...
Tags: Finance, United Kingdom
Newcastle Asks Tinkler To Walk Away
National Rugby League club Newcastle Owner Nathan Tinkler will "be asked to hand over control" of the Knights by giving the club's NRL license back to the Members Club board, according to James Hooper of the SUNDAY TELEGRAPH. With his "billion-dollar asset-rich empire crumbling by the day," Tinkler ...
HSV Loses $8.7M In '11-12 Fiscal Year
Bundesliga club Hamburg SV "has released its financial numbers for the '11-12 fiscal year in which it lost €6.6M ($8.7M)," according to the NDR. During the '10-11 fiscal year, the club lost almost €5M. Club Chair Carl-Edgar Jarchow said, "This is obviously not the result we were wishing fo ...
Salford City Reds Close To Takeover
Financially troubled English Super League rugby club Salford City Reds "could have new owners by next week," according to Neil Barker of the MANCHESTER EVENING NEWS. Club Chair John Wilkinson, who is battling to avoid administration, has told players and staff that he is "in talks with two intereste ...
Tags: Finance, United Kingdom
Wimbledon Reports Record Profit
The Lawn Tennis Association said that last summer's Wimbledon Championships "saw profits jump by 7% to record levels," according to the BBC. The LTA said that the tournament's profits this year were £37.8M ($70M). The organization will invest the surplus "back into British tennis." It spent &p ...
Tags: Finance, United Kingdom
Sports Direct To Reintroduce Bonus Plan
British sporting retailer Sports Direct said that it would "attempt to reintroduce" a bonus plan to award a one-off windfall worth more than £40M ($64M) to Founder Mike Ashley after company shareholders "rejected a similar measure in September," according to Mark Wembridge of the FINANCIAL TIM ...
Tags: Finance, United Kingdom
Portuguese Football Faces Mounting Debt
The top clubs in Portuguese football "continue struggling with preoccupying levels of debt," according to Hugo Daniel Sousa of PUBLICO. Spurred by the financial crisis, difficulties getting bank loans and the implementation of UEFA Financial Fair Play rules, data from the past season shows that Benf ...
Leeds Near Completion Of Takeover
The Football League’s decision to sanction the appointment of three members of management at Bahrain-based bank Gulf Finance House Capital to the board of directors at Leeds United "removed a major obstacle to completion of the firm’s takeover" on Dec. 21, according to Phil Hay of the YO ...
Tags: Finance, United Kingdom
City Grants Loan To Struggling Club
Financially troubled German 3rd League club VfL Osnabrück "eliminated another obstacle" on its way back to financial stability, according to the SID. The Osnabrück City Council granted the club a €3.6M ($4.7M) loan. With this loan, the city will become co-partner of a stadium operatio ...
City To Decide Future Of Indebted Club
The Osnabrück city council Tuesday "will vote on a possible financial rescue plan for insolvency threatened German 3rd League football club VfL Osnabrück," according to the SID. The city council will make a decision about a €3.6M ($4.7M) loan for the club. Mayor Boris Pistorius said, ...
