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Premier League Reveals '14-15 Revenue Distribution; Chelsea Leads With £99M Payout

Published in SportsBusiness Daily Global on 07 / 02 / 15

The Premier League has the most equitable revenue distribution of any major league in Europe, with the ratio of top to bottom earning clubs at just 1.53:1. The EPL's appeal is created from the collective strength and equitable distribution of broadcast revenues. The mechanism for distributing this r...

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FFP Rules To Soften For Clubs In Crisis

UEFA is prepared to soften its Financial Fair Play rules for Russian and Ukrainian clubs "that are being battered by their countries' economic problems," according to James Ellingworth of the AP. With the Russian and Ukrainian currencies having "dropped sharply in value over the last year and the tw ...

Tags: Finance, Russia

Hedge Fund Challenges TPO Ban

A London-based hedge fund "filed a complaint with a Paris court seeking to overturn a ban" on investors acquiring football player transfer rights, according to Alex Duff of BLOOMBERG. Doyen Sports Investments Ltd., a unit of Doyen Capital LLP, is accusing football authorities "of breaking several Eu ...

Tags: Finance, Europe

Girona President Talks Owed Payments

Spanish second division side Girona's players are "beginning to lose patience because they have not been paid for two months," according to Marc Bernad Suelves of AS. Girona President Francesc Rebled "asked for calm because the payments will be made." Rebled: "The situation that we have economically ...

Tags: Finance, Events and Attractions

World Governments Contribute To IOC

The World Anti-Doping Agency announced pledges of $6.45M from world governments in the fight for the clean athletes which will create a joint fund of nearly $13M. The $13M joint fund represents a 50-50 split between the IOC and world governments that responded to a call to match the IOC funding. Chi ...

Tags: Finance

Clubs Will Have 240 Months To Pay Up

After a "tense morning," the Brazilian federal government "came to an agreement" in relation to renegotiating football clubs' debt, according to Fabrício Marques of GLOBO ESPORTE. During a "closed-door meeting" Tuesday, the federal government presented the Medida Provisória and "prom ...

Tags: Finance, Brazil

CSD President Addresses Spanish Football

Spanish Superior Sports Council (CSD) President Miguel Cardenal said, "The football clubs in Spain have had a total profit of €300 million ($318M) in the last two years," according to Orfeo Suárez of EL MUNDO. This is how Cardenal "defended the work of the Spanish government in refe ...

Tags: Europe, Finance

AFL West Coast CEO Rips Clubs

Australian Football League side West Coast Eagles CEO Trevor Nisbett "has accused the clubs of being 'delusional' and 'undisciplined' as they continue to gloss over mounting debts and multimillion-dollar losses," according to Caroline Wilson of THE AGE. Nisbett hit out at the game's "growing financi ...

Tags: Australia, Finance

Sport's Value Pegged At $700B Per Year

Sport is one of the world's "great money-spinners" with a claimed global value of $700B a year, 1% of global GDP, according to Michael Lynch of the SYDNEY MORNING HERALD. The inaugural Money in Sport Conference on Tuesday began a "detailed examination of the financial underpinnings of sport and the ...

Tags: Finance, Australia

Brasileiro Sides Could Face Downgrading

Brazilian President Dilma Rousseff "should" sign the Medida Provisória, a bill for provisional law for reform of Brasileiro sides struggling with debt, later this week after government officials scheduled to meet Tuesday "adjust" its terms, according to FOLHA DE SÃO PAULO. Among other ...

Tags: Finance, Brazil

Carlos Slim Increases Stake In Real Oviedo

Mexican billionaire Carlos Slim, through his Grupo Carso conglomerate, "will increase his stake" in Spanish third division side Real Oviedo, according to Nacho Azparren of AS. The club has called a shareholders meeting scheduled for April 16 "with the objective of announcing a capital increase" of & ...

Tags: Europe, Finance

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