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Juventus Tops '16-17 Champions League Payment Pool With €110.4M

Published in SportsBusiness Daily Global on 10 / 23 / 17

Runner-up Juventus emerged as the "biggest" cash winner from last season's Champions League after securing €110.4M ($130.1M) in prize money and revenue, UEFA said on Friday, according to Hardik Vyas of REUTERS. EPL side Leicester City "remarkably edged" Real Madrid, with its run to the quarterf...

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Tags: Europe, Finance

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10/18/17
Deportivo Posts Profit Of €7.87M

La Liga side Deportivo La Coruña closed the '16-17 financial year with a pre-tax profit of €7.87M and €5.85M after taxes, according to the EFE. The club posted total revenue of €60.1M, a "significant increase" from the previous year's total of €32.47M. ...

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10/17/17
F1 Costs Hit $1.3B In '16

Formula 1 introduced rules this year which aimed to "put the brakes on the dominance of a single outfit," according to Christian Sylt for the BBC. They came at a "hefty cost." Research revealed new regulations fueled a £167.6M increase in the F1 teams' costs in '16. They rose 14.5% to a combin ...

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10/17/17
Australian Cricketers Receive $46M

Australian cricketers "have deeper pockets this week" after the payout of a A$58.5M ($45.9M) adjustment ledger from Cricket Australia that was a "major point of conflict during this year's bitter pay dispute with the governing body," according to Barrett & Lutton of the SYDNEY MORNING HERALD.&nb ...

Tags: Australia, Finance

10/17/17
French Lawmakers Propose Transfer Tax

A law looking to introduce a 5% tax on transfers of "sporting professionals" has been proposed in France's National Assembly, according to L'ÉQUIPE. The law's goal is to fund the country's National Center for the Development of Sport (CNDS). The text stipulates that from August 1, 2018, trans ...

Tags: Finance, Europe

10/17/17
Finance Notes

Scottish Premiership side Hamilton was "conned out" of almost £1M ($1.3M) by criminals "claiming to be from the anti-fraud department of the team’s own bank." The club "is believed to have been contacted by scammers who warned that their money was at risk" and advised them to move it ...

Tags: Finance

10/16/17
Cage Warriors Announces Funding Round

MMA promotion Cage Warriors announced a fundraising round with many of Europe’s biggest sports investors and a new broadcast deal with Freesports. Almost 18 months after the relaunch of Cage Warriors, its existing shareholders have put further funds behind the promotion with a new investm ...

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10/16/17
Samoa Wants More Money From RFU

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10/13/17
Shares In Goals Soccer Centres Rise 3%

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Magellan Makes Pitch To Cricket Fans

The A$50B ($39.2B) Magellan Financial Group "is turning to high-fee retail investors," launching an A$11M ($8.6M) campaign to "lure cricket fans into the company’s funds amid market-wide pushback against active investment management," according to Michael Roddan of THE AUSTRALIAN. Speakin ...

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10/13/17
Vialli Says Crowdfunding Is On The Rise

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