SAFA Owes Second Division $500K Finance Notes Business Rates Are Lord's Next Big Test Nottingham In Talks With New Backers F1 IPO On Track Despite Legal Issues 'Fergie Factor' Worth $1.5B Seven F1 Teams Can't Afford New Engines U.K. Tax Authority Targets Coaches Finance Notes Puma Cuts Full-Year Profit Forecast
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South African FA Owes Second Division Clubs More Than $500K For Last Season05 / 22 / 13The South African FA "allegedly owes second division clubs" close to R5M ($524,000) for the '12-13 season, according to Sello Rabothata of SOWETAN LIVE. Though it "has been at pains to tell all and sundry that it is in a healthy financial position," the association owes all 144 second division clubs... |
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Greece Club Struggles To Pay Bills
Superleague Greece club Panathinaikos Athens "is in financial trouble and has difficulties paying the electricity bills for its home ground, the Olympic Stadium," according to the SID. A club spokesperson said, "It is true, there are several unpaid bills that have to be settled. For that reason, we ...
Chinese FCs Tied To Real Estate
The development of China's professional football league "is closely associated with the real estate industry," as 14 of the 16 teams that comprise the Chinese Super League are owned by realtors or firms with links to the industry, according to the WANT CHINA TIMES. Property tycoons "spend huge amoun ...
Cologne Reports $1M Profit In '11-12
Second Bundesliga club FC Cologne "has released its financial numbers of the '11-12 fiscal year in which it generated a €800,000 ($1M) profit," according to the SID. The club's "revenue increased by €10M ($12.9M) to €80.2M ($103M)." At the same time, Cologne "was able to reduce its li ...
Chris Hoy Launching Bike Line
Olympic cyclist Chris Hoy Tuesday announced that "he will launch his own range of cycles" in May, but he "still hopes to extend his glittering career to the 2014 Commonwealth Games in the Glasgow stadium named after him," according to Mike Dawes of the London DAILY MAIL. Great Britain’s most d ...
Tags: Finance, United Kingdom
DEG Needs $3.1M To Stay Afloat
German Hockey League (DEL) club Dusseldorf EG "revealed it is missing about €2.4M ($3.1M) to secure its existence and be able compete during the '13-14 season," according to the DPA. The historical club declared its situation is "again dramatic." The main reason for the financial troubles "are ...
Dortmund Pays Out $4.8M In Dividends
Bundesliga club Borussia Dortmund "will pay dividends to its shareholders for the first time since it went public 12 years ago," according to the DPA. Each shareholder "will receive €0.6 ($0.78) per share from the club." Dortmund "will pay out a total of €3.68M ($4.8M)." Club members "agre ...
Salvation In $400M Deal For Cronulla
The "wolf was finally banished" from National Rugby League Cronulla's front door when Chair Damian Irvine received a payment for a residential and business development at Sydney's Toyota Stadium valued at A$400M ($418M), according to Daniel Lane of the SYDNEY MORNING HERALD. Irvine admitted the Shar ...
SA Reveals World Cup Costs
The South African government said that the country spent more than 27B rand ($3B) on the 2010 World Cup, and in return gained an ''intangible legacy'' from the first world football showpiece in Africa, according to the AP. In the ''2010 FIFA World Cup Country Report,'' released nearly 2 1/2 years af ...
Ecclestone Sued For $650M
Pressure "continues to build" on F1 CEO Bernie Ecclestone with an American private equity firm the latest company to instigate legal action off the back of ongoing bribery allegations in Germany, according to Tom Cary of the London TELEGRAPH. Bluewaters Communications Holdings has filed a $650M laws ...
Tags: Finance, Europe, North America
South Korean F1 Race Loses $36.4M
The Korean F1 Grand Prix "racked up substantial operating losses" in October, "the third year running it has finished in the red," potentially threatening its place on F1's calendar, according to Alastair Himmer of REUTERS. Race organizers revealed that the South Korea race, first run in '10, "retur ...
