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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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German Clubs Receive $130M From CL
Germany's three Champions League clubs "have already earned more than €100M ($130M)," according to the SID. Borussia Dortmund will receive €17.1M ($22.2M) in bonus payments from UEFA for advancing to the round of 16. Bayern Munich and Schalke 04, which also advanced, will receive &eur ...
Wolves Release Finances
League Championship club Wolverhampton Wanderers have posted a pre-tax profit of £2.16M ($3.5M) for the year ended May 31. The period covers Wolves' third season in the Premier League, which ultimately ended with relegation to the Championship. The club was £80,000 ($128,000) down on the ...
Tags: United Kingdom, Finance
Rangers Aim To Raise $44M
Scottish Third Division club Rangers is "aiming to raise" up to £27M ($44M) when it returns to the stock market this month, according to Keith Weir of REUTERS. The funds would "help to support the recovery of Rangers," which have been Scottish champions a record 54 times. They are now "playing ...
Tags: United Kingdom, Finance
Bristol City Reveals Losses
League Championship club Bristol City has revealed a club-record loss of £14.4M ($23.2M) for the financial year ending in May, a rise of more than £3M ($4.8M) on last year's results. The Robins, currently two points off the foot of the Championship, now have a wage bill of £18.6M ( ...
Tags: Finance, United Kingdom
Nike Sues In Chinese Trademark Dispute
Nike is fighting Chinese trademark authorities to win rights to use the Mandarin name of Olympic hurdler Liu Xiang in its marketing, "the latest in a spate of trademark disputes emerging as Western companies try to build their brands in China," according to Laurie Burkitt of the WALL STREET JOURNAL. ...
FIA Income To Increase By 40% In '13
Motorsports governing body FIA "will reportedly earn 40% more from F1 through the racing series' new Concorde Agreement," according to Markus Lüttgens of MOTORSPORT TOTAL. The new Concorde Agreement, which is supposed to be finalized in the coming weeks, "will bring FIA substantially more incom ...
HC Sierre To File For Bankruptcy
Financially struggling Swiss National League B hockey club Sierre revealed that it is "about to file for bankruptcy," according to the SCHWEIZER FERNSEHEN. The club's board of directors Monday told its shareholders that it "has to file for bankruptcy." Sierre has allegedly a debt of about CHF 1M ($1 ...
Paderborn's '11-12 Profits Hit $1.6M
Second Bundesliga club SC Paderborn "has released its financial numbers for the '11-12 season in which it generated a profit of €1.2M ($1.6M)," according to SID. The club's on field success, with a fifth place finish last season, "also has paid out financially." The club announced its numbers o ...
F1 Profiting From Collapsed Theme Park
Only F1 CEO Bernie Ecclestone "could make money from a project, which never saw the light of day," according to PITPASS. In '05 plans were unveiled "to open an F1 theme park in Dubai," UAE. Concept art of the project was released, ground was broken and "construction work began." It was part of the & ...
Tags: Finance, Middle East
McLaren Generated €28M Profit In '11
F1 team McLaren "has released its financial numbers for the '11 fiscal year in which it generated a profit before taxes of €28M," according to Sylt & Reid of MOTORSPORT TOTAL. McLaren "was also able to increase its revenue by 16% to €212M." The reason for this increase was "on one hand a bigger share of F1's marketing revenue, and on the other hand a higher payment from title sponsor Vodafone." The telecom company transferred around €57.5M to the England-based team in '11, which is 15% more than the previous year. The team's profit went almost completely (€25M) into the coffers of the McLaren Group, in which Founder Ron Dennis and Bahrain-based holding company Mumtalakat each own 50%.
Tags: Finance, United Kingdom
