Featured Story

French Investigator Examining FIA's Role In $4.4B Sale Of Formula 1

Published in SportsBusiness Daily Global on 10 / 19 / 17

Financial corruption investigators in France "are examining the role played by the world governing body for motor sports" in the $4.4B sale of Formula 1, two people familiar with the inquiry said, according to Tariq Panja of the N.Y. TIMES. Investigators want to know if FIA, which is based in P...

Read More

Tags: Europe, Finance

More Stories

06/14/17
Drone Racing League Secures $20M

Corporate brands including insurer Allianz and broadcaster Sky backed "the burgeoning sport of drone racing" by contributing to a $20M fundraising, according to Bradley Gerrard of the London TELEGRAPH. The Drone Racing League, which launched in '15, raised $12M last year "but has been able to a ...

Tags: Finance

06/14/17
Milan Aiming To Double Revenues

The business plan submitted to UEFA by Serie A side AC Milan has "allegedly been leaked, with aims to more than double revenues in five years," according to FOOTBALL ITALIA. The club was taken over by Rossoneri Sport Luxembourg , funded by Yonghong Li and other Chinese investors in April. The new o ...

Tags: Finance, Europe

06/14/17
Finance Notes

League Championship side Aston Villa was boosted by almost £41M ($52.3M) in parachute payments from the Premier League last season to increase its overall prize money for the '16-17 campaign to £47.9M ($61M). In figures released by the Premier League, Aston Villa, Norwich City and Ne ...

Tags: Finance, United Kingdom

06/13/17
Turkish Football Debt Reaches Record High

Four of Turkey's biggest football teams "reached a record high amount of debt in the season" between June 1, 2016 and Feb. 28, according to Ceyhun Kuburlu of the HURRIYET DAILY NEWS. The total debt of Fenerbahçe, Galatasaray, Beşiktaş and Trabzonspor reached 3.8B Turkish lira ($1.08B) during ...

Tags: Europe, Finance

06/13/17
Västerås To Receive Windfall

Swedish football club Västerås is "set to receive a substantial windfall that will wipe out" its debts after ManU agreed to a deal to sign Primeira Liga side Benfica defender Victor Lindelof, according to ESPN.com. ManU will reportedly pay "around" £30.75M ($38.9M) for Sweden int'l ...

Tags: Europe, Finance

06/13/17
Finance Notes

A 10% increase in ticket income from Royal Ascot week last year "helped produce cantering profits growth at the company which runs the event." Ascot Authority (Holdings) reported pre-tax profits of £5.1M for '16, up by 16%. AAH "paid down" more than £10M of debt in the year, red ...

Tags: Finance, United Kingdom

06/12/17
Vijay Mallya Dismisses Sale Talks

Formula 1 team Force India co-Owner Vijay Mallya "dismissed speculation of a possible sale of his team to Australian David Brabham" or former F1 CEO Bernie Ecclestone, according to Alan Baldwin of REUTERS. Mallya said that he remained in it "for the long haul despite his legal problems with the Indi ...

Tags: India, Finance

06/12/17
ASC, AIS Allocate More Than A$120M

Para sport, winter sport and national women’s teams received significant boosts in high performance funding as the Australian Sports Commission and Australian Institute of Sport announced the Australian government’s investment of almost A$122M ($92M) in national sporting organizations fo ...

Tags: Finance, Australia

06/09/17
Dhawan Tops Kohli In BCCI Pay List

Indian cricket Captain Virat Kohli is "among the highest grossers in endorsement deals, but his share of the tax-free spoils from the gross revenue of BCCI" from int'l games in '15-16 is "slightly lower" than that of his Delhi and India teammate, Shikhar Dhawan, according to the PTI. While Dhawan h ...

Tags: Finance, Asia

06/08/17
Inquiry Could Force Southampton Sale

Premier League side Southampton Owner Katharina Liebherr "has become embroiled in an investigation by the German tax authorities which could increase the pressure on her to sell the club," according to Matt Hughes of the LONDON TIMES. The public prosecutor's office is reportedly "investigating ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug