Featured Story

Sports Direct HQ Raided As Part Of Police Investigation Into Rangers Takeovers

Published in SportsBusiness Daily Global on 05 / 07 / 15

Police investigating two Scottish Championship side Rangers takeovers in the past four years have "raided Sports Direct tycoon Mike Ashley’s Derbyshire" HQ, according to John McGarry of the London DAILY MAIL. Officers from Police Scotland traveled south on Tuesday as "part of their ongoin...

Read More

Tags: Finance, United Kingdom

More Stories

02/06/15
Caterham F1 Team Assets Up For Auction

As F1 decides whether to save one bankrupt team, "another appears to have given up the fight finally," according to Kevin Eason of the LONDON TIMES. Administrators running Caterham "have put the team’s assets up for auction, including the remaining race equipment and factory machinery." The &l ...

Tags: Finance, United Kingdom

02/06/15
Newcastle Jets Face Insolvency Action

The NSW Office of State Revenue "has taken insolvency action to wind up" A-League side Newcastle Jets over unpaid debts, according to Page & Keeble of the SYDNEY MORNING HERALD. The news comes just days after Owner Nathan Tinkler publicly declared that creditors were "getting paid as we speak" a ...

Tags: Finance, Australia

02/05/15
Titans Founder Ready To Sell Shares

National Rugby League side Gold Coast Titans Founder Michael Searle "is set to sever his last links with Gold Coast rugby league, with the former Titans boss ready to sell" his A$4.4M ($3.4M) shareholding in the club he helped create, according to Peter Badel of the COURIER-MAIL. Searle "has advised ...

Tags: Finance, Australia

02/05/15
RFEF Ordered To Return $9.1M

Spain's Superior Sports Council (CSD) will require the Spanish Football Federation (RFEF) to return €8M ($9.1M) "from the 1% of the revenue from quinielas -- a football-based Spanish lottery game -- that the Federation has received" from '10-13, according to Marco Ruiz of AS. The RFEF was order ...

Tags: Europe, Finance

02/05/15
Sky's Adjusted Operating Profit Up 16%

Sky's highest customer growth in the U.K. in "nearly a decade" helped the satellite broadcaster post a 16% rise in adjusted operating profit in its first results since its £5B acquisition of Sky Italia and Sky Deutschland, according to John Plunkett of the London GUARDIAN. The pay-TV company, ...

Tags: Finance, United Kingdom

02/05/15
Rory McIlroy Reaches $25M Settlement

Rory McIlroy is to pay his former agents about $25M to settle a "bitter dispute over his career and finances, in one of the biggest out-of-court agreements in Irish legal history," according to Vincent Boland of the FINANCIAL TIMES. The 25 year-old world No. 1 and Horizon Sports Management, which ha ...

Tags: Finance, United Kingdom

02/04/15
Debt Threatens Sofia's European License

Bulgarian football club Levski Sofia "has announced debts" amounting to BGN 1.7M ($1M) to Dec. 31, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The amount must be "cleared by March this year, to allow the club to acquire a license for next season and compete in European competition." ...

Tags: Finance, Europe

02/04/15
English Clubs' Spend Record In '14-15

Deloitte found that EPL clubs spent a record £950M ($1.44B) on the August and January transfers this season "even though spending in the winter window" matched last year's figure of £130M, according to Mike Collett of REUTERS. Despite clubs' "relative restraint" in January, the total spe ...

Tags: Finance, United Kingdom, Europe

02/04/15
Barcelona President Bartomeu Charged

Spanish high court judge Pablo Ruz has summoned Barcelona President Josep María Bartomeu to appear on Feb. 13 charged with tax fraud in the signing of Neymar, according to MARCA. Barça will "also be held to account as a legal entity." The judge has agreed to move forward with the case ...

Tags: Europe, Finance

02/04/15
Rory McIlroy Case To Resume Wednesday

Rory McIlroy and his former agents will return to court on Wednesday after lawyers for the world No. 1 golfer asked for an adjournment as the two sides "made progress that could potentially avoid an eight-week hearing," according to Cathal McNaughton of REUTERS. McIlroy terminated his contract with ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug