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Constitutional Judge Backs Bremen State Senate's Proposal Regarding Security Costs

Published in SportsBusiness Daily Global on 07 / 30 / 14

German constitutional judge Peter Müller "has backed the Bremen State Senate in its dispute with the German Football Federation (DFB) and the German Football League (DFL) regarding the financing of police operations ," according to the DPA. Müller said, "Sanction does not replace discussi...

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Tags: Leagues and Governing Bodies, Europe

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07/23/14
AC Milan's U.S. Tour To Bring In $4.7M

Serie A side AC Milan's preseason tour of the U.S. and Canada will "reportedly bring in" as much as €3.5M ($4.7M) in revenue, more than Inter and Roma, according to FOOTBALL ITALIA. The club's four-game tour begins with Thursday's friendly with Olympiacos in Toronto. Milan will then take on Man ...

Tags: Finance, Europe, North America

07/23/14
Int'l Attention Turns To Russia 2018

After what was largely considered to be a successful World Cup in Brazil, int'l attention "now turns to the next hosts, Russia," according to Rafael Saakov of the BBC. Whether current political tensions between Russia and the West "will have any bearing on the staging of the tournament remains to be ...

Tags: Russia, Finance

07/22/14
Ecclestone Not Buying Back F1

F1 CEO Bernie Ecclestone "has denied recent reports that he is planning to mount a takeover of Formula One and increase his 5.3% stake in the auto racing series," according to Christian Sylt for FORBES. Earlier in July Ecclestone was quoted saying "it is possible" he could buy back F1 from its large ...

Tags: Finance, Europe

07/22/14
La Liga Transfer Spending At $354M

Three weeks after "the opening of the transfer market," La Liga clubs have spent a total of €262M ($354M), according to José Luis López of MUNDO DEPORTIVO. With a "month-and-a-half remaining, the figure could increase considerably." La Liga, however, remains "far behind the quanti ...

Tags: Europe, Finance

07/21/14
EPL Spent $615M On Transfers So Far

Premier League "transfer spending this summer has risen" by £60M ($103M) from the same point last year, according to the BBC. The increase, to £360M ($615M) from £300M in July '13, "means this transfer window is likely to surpass the record" of £630M set last year, according ...

Tags: Finance, United Kingdom

07/18/14
F1 Shareholders To Split $1B Payout

Investors in F1 are to share a $1B payout through a "refinancing that will pave the way for a future change of control of the sport," according to Mark Kleinman of SKY NEWS. F1 parent company Delta Topco is "arranging a deal known as a dividend recapitalisation which involves increasing a company's ...

Tags: Finance, United Kingdom

07/18/14
Lord's Emphasizing Food, Beverage Sales

In the run-up to Thursday's second Test match between England and India, the "kitchen and bar staff at Lord's Cricket Ground were looking a lot busier than the groundsmen," according to Roger Blitz of the FINANCIAL TIMES. It is "entirely in keeping with the home of cricket, a game built around break ...

Tags: Finance, United Kingdom

07/18/14
Sports Direct In Peace Talks With Adidas

Sportswear retailer Sports Direct and adidas have "held talks about the sale of replica football shirts after the German sports brand refused to supply the high street retailer with key World Cup products," according to Graham Ruddick of the London TELEGRAPH. Adidas CEO Herbert Hainer is "understood ...

Tags: Finance, United Kingdom

07/17/14
Wall Street: ManU Most Valuable Team

Shares of ManU "surged almost 5%" after the club announced its new, $130M a year kit deal with adidas , according to Mike Ozanian of FORBES. Wall Street "now affords" ManU an enterprise value of $3.6B. Math: market value ($3.05B) + long term debt ($613M) – cash ($57M). In April, Forbes "v ...

Tags: Finance, United Kingdom

07/17/14
Caterham F1 Cuts More Than 40 Staff

The Caterham F1 team has "laid off more than 40 staff as their new owners seek to reduce costs," according to Andrew Benson of the BBC. Among the departures are Deputy Technical Dir Jody Eggington and Head of Track Operations Gerry Hughes. Caterham "refused to comment on the development, which is ex ...

Tags: Europe, Finance

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