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Survey Reveals Man City Is Highest Paid Team Globally, Five EPL Clubs Rank In Top 20

04 / 16 / 14

Man City is the highest paid team in global sport, according to Sportingintelligence’s Global Sports Salaries Survey for '14, compiled in association with ESPN The Magazine. The average first-team pay at Man City has been calculated at £5.3M ($8.8M) per year, or £102,653 ($170,000)...

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11/25/13
Northern Ireland Grants Clubs Tax Breaks

Northern Ireland grassroots sports clubs "are to receive tax breaks from the Government to help increase participation," according to the BELFAST TELEGRAPH. More than 40,000 clubs will be able to keep up to £80,000 ($129,660) in "revenue from bars, cafes and hiring out facilities before having ...

Tags: Finance, Europe

11/25/13
Brazil Awards $9B In Airport Deals

Brazil opened two of its busiest airports to private investors on Friday, awarding $9B worth of contracts "in a hotly contested auction as the country overhauls crowded terminals ahead of the 2014 World Cup and 2016 Olympics," according to Goy & Vilas Boas of REUTERS. The concessions, in Rio de ...

Tags: Finance, Brazil

11/25/13
KKR Withdraws IMG Bid

KKR has withdrawn its bid to buy IMG, reducing the total number of bidders for the company to three. Sources familiar with the process said the three finalists are the Carlyle Group; a consortium led by CVC Capital Partners and former News Corp. exec Peter Chernin; and a joint bid from William Morri ...

Tags: Finance

11/22/13
Laxey Is Largest Rangers Shareholder

Isle of Man-based hedge fund Laxey Partners "has become the largest shareholder" in Scottish League 1 Rangers following a £1.4M ($2.2M) deal, with the fund signaling that it will vote in favor of the current board members at the annual general meeting, according to the SCOTSMAN. The grou ...

Tags: Finance, United Kingdom

11/22/13
Spain Sports Body Supports Online Store

Spanish sport "is far from a 'Eureka!' moment," but has at least begun to "consider generating private revenue that would allow organizations to fill the enormous hole left by decreases in public subsidies in recent years," according to Amaya Iríbar of EL PAIS. One idea was presented at Tuesd ...

Tags: Europe, Finance

11/22/13
Deportivo La Coruña Reveals $229M Debt

Spanish second division side Deportivo La Coruña will present to its shareholders at the club's annual assembly in December a current debt of €170M ($229M) and annual profit of €38,700 ($52,130) from the '12-13 season, according to the EFE. Deportivo "entered bankruptcy during the s ...

Tags: Finance, Europe

11/22/13
La Liga Rayo Vallecano Exits Bankruptcy

La Liga side Rayo Vallecano on Thursday attended a hearing in Madrid and approved of an agreement that allowed the club to exit bankruptcy in "a favorable plan by creditors that was considered a 'round success' by the club," according to EL CONFIDENCIAL. The hearing "was held behind closed doors and ...

Tags: Europe, Finance

11/22/13
UniCredit May Consider AS Roma Sale

Italian bank UniCredit said on Thursday that "it would consider a sale of its indirect stake in Serie A football team AS Roma, though no decision had yet been taken," according to Za, Flak & Pi of REUTERS. A Chinese investor, possibly business mogul Wang Jianlin, "was set to buy into the ho ...

Tags: Finance, Europe

11/21/13
Investors Take Stakes In Footballers

Auditor KPMG Europe LLP's Spanish unit said that investors "have acquired stakes in the transfer rights" of as many as 1,100 football players in Europe from cash-strapped teams, according to Alex Duff of BLOOMBERG. Champions League squads Atlético Madrid and Porto "are among those that have t ...

Tags: Finance, Europe

11/21/13
Adidas India Eyes E-Commerce Growth

As part of its plans to revive its fortunes in India, Reebok is "opening new stores and launching new products," according to Antonita Madonna of the Indian BUSINESS STANDARD. But most importantly, Reebok is "considering its own e-commerce platform to cater to the large populatio ...

Tags: Finance, India

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