Featured Story

AIU Decides To Add American Football To National University Games Schedule

Published in SportsBusiness Daily Global on 03 / 30 / 15

American football has been formally recognized as an official college sport by India's collegiate sports governing body. The Association of Indian Universities decided to include American football as a regular event on its National University Games schedule starting in '15-16. Following a unanimous ...

Read More

Tags: Leagues and Governing Bodies, India, North America

More Stories

12/31/14
FIFA To Give $1.3M To National Federations

FIFA has “moved quickly to spell out” one-off financial contributions each if its 209 member associations will next year “be entitled to, and the answer is $1.05 million,” according to David Owen of INSIDE WORLD FOOTBALL. Adding in a first $250,000 bonus “already made a ...

Tags: Finance

12/30/14
Glasgow Clubs' Debts Cleared

A "major deal has secured the future of two Glasgow sporting institutions -- as a sweeping revamp of their shared stadium gets under way," according to the Scotland DAILY RECORD. Glasgow Tigers speedway club "has been bought by Michael and Gerry Facenna, owners of city firm Allied Vehicles Ltd., for ...

Tags: Finance, United Kingdom

12/30/14
F1 Execs Fear Third Team Could Collapse

Formula 1 execs fear "a third team will collapse in the new year as the sport dithers over a multimillion-pound plan to slash costs," according to Kevin Eason of the LONDON TIMES. After the demise of Marussia and Caterham, F1 "will be plunged into a fresh season without a long-term strategy despite ...

Tags: Finance, Europe

12/30/14
RFEF Provided Atlético Financial Aid

The Spanish Football Federation (RFEF) aided Atlético Madrid with €11M ($13.4M) which the club "planned to reimburse via UEFA payments from their participation in European competition," according to Joaquín Maroto of AS. On page 22 of the RFEF account sheets deposited at the Merca ...

Tags: Finance, Europe

12/29/14
Marussia Collapse Costs Lloyds $15.6M

Taxpayer-owned Lloyds Banking Group "stands to lose" more than £10M ($15.6M) from the collapse of the Marussia F1 team, according to Christian Sylt for the London TELEGRAPH. Documents from FRP Advisory dated Dec. 18 show that the bank’s private equity division, Lloyds Development Capital ...

Tags: Finance, United Kingdom

12/23/14
Zaragoza President Hoping To Reach Deal

Spanish second division side Real Zaragoza President Christian Lapetra said that his club "can sign an agreement" with Spain's tax authorities regarding its debts "as long as it is under reasonable conditions," according to the EFE. Lapetra said in a statement, "In September we could not negotiate i ...

Tags: Finance, Europe

12/23/14
Caterham Makes $117,000 Profit

The Caterham F1 team has revealed it made a £75,000 ($116,900) profit on its "controversial crowdfunding plan which allowed it to race at last month's season-ending Abu Dhabi Grand Prix after collapsing into administration in October," according to Christian Sylt for the London INDEPENDENT. Fo ...

Tags: Finance, United Kingdom

12/23/14
Morocco Reportedly Loses €20M-€30M

Arabic-language newspaper Akhbar El Yom reported the FIFA Club World Cup in Morocco from Dec. 14-20 "meant losses" of between €20M ($24.5M) and €30M ($36.8M) for the host country, according to the EFE. The publication, "which cited unnamed sources," claimed that losses resulted from the m ...

Tags: Events and Attractions, Finance

12/22/14
Levski Sofia: Salaries 75% Of '15 Budget

Bulgarian side Levski Sofia Owner Todor Batkov has “announced that the club's budget for next year will amount to BGN 8M” ($5M), BGN 6M ($3.75M) of which will be spent on club salaries -- players and officials, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. Batkov admitted ...

Tags: Finance, Europe

12/22/14
F1 CEO Sued By German Bank For $422M

A German bank is suing F1 CEO Bernie Ecclestone and his family trust fund for €345M ($422M) “over the sale of its stake in Formula One,” according to Lizzie Dearden of the London INDEPENDENT. BayernLB, a state bank based in Munich, announced the move on Friday after rejecting a &eur ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug