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Smaller Chinese Football Clubs Focus On Home-Grown Talent

Published in SportsBusiness Daily Global on 12 / 08 / 16

Newly rich Chinese football is not "all about millionaire players and famous coaches," according to the AFP. Just ask "the smaller teams, who are living firmly in the shadow of their well-heeled neighbours." Chinese Super League clubs "took the transfer market by storm this year when they collective...

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Tags: Asia, Finance

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Investors Put Money On William Hill

Investors "were putting their money on William Hill on Friday, a day after smaller rivals Rank Group and 888 Holdings abandoned their pursuit of the UK bookmaker," according to Lauren Fedor of the FINANCIAL TIMES. Shares in the FTSE 250 company jumped as much as 5%, "while would-be acquirers 888 and ...

Tags: Finance, United Kingdom

Q&A With Mailman's Tom Elsden

Shanghai-based digital marketing agency Mailman Sports Senior Client Manager TOM ELSDEN discussed a number of aspects of the ongoing spending spree by Chinese investors. Recent months have seen investors from the country acquire stakes in Aston Villa, West Bromwich Albion, Wolverhampton Wanderers, ...

Tags: Asia, Finance, Europe, United Kingdom

Australian Firm Keen To Purchase Roar

An Australian consortium is "waiting in the wings to rescue crisis-torn A-League club Brisbane Roar," according to the AAP. A group of Brisbane business identities is "prepared to buy the club and pick up the pieces" following the reign of Daniel Cobb, sacked as Roar managing director on Wednes ...

Tags: Finance, Australia

AFL To Lift Salary Cap By Nearly $1M

Clubs believe the Australian Football League "is set to lift the salary cap at each club" by an estimated A$1.3M ($993,000) and "have begun renegotiating player contracts" allowing for a 10% increase in the '17 total player payments, according to Caroline Wilson of THE AGE. AFL CEO Gillon McLac ...

Tags: Finance, Australia

Rangers Taking Ashley To Court

Scottish Premiership side Rangers and Sports Direct Owner Mike Ashley are "once again warring over Rangers Retail" as reports suggest the Ibrox club is set to make a £1M ($1.3M) claim in damages, according to the SCOTSMAN. The Sports Direct tycoon "controls the merchandising arm of the company ...

Tags: Finance, United Kingdom

Usain Bolt Among Richest Athletes

Usain Bolt is worth over $60M, according to Claire Thomas of the London TELEGRAPH. It has been estimated that he will be the 32nd highest-earning athlete on the planet. To put that in context, "he is the only track and field athlete to make the top 100 sports stars, and makes roughly 20 ti ...

Tags: Finance

Finance Notes

England Manager Sam Allardyce  "has severed his ties" with football gambling firm My Club Betting after it emerged that the company’s managing director "had taken a similar company into liquidation four years ago." Allardyce had been a brand ambassador for and "held shares in the betti ...

Tags: Finance

Chinese Investors Buy 20% Stake In OL

Olympique Lyonnais owner OL Groupe announced the signing of an agreement with Chinese investment firm IDG Capital Partners that “will allow the firm to purchase a 20% stake in OL Groupe” for €100M ($111M), according to Franç ...

Tags: Europe, Finance

Premier League Injuries Rising

Research from JLT revealed Premier League clubs spent £157M "on wages for injured players last year," according to Oliver Ralph of the FINANCIAL TIMES. The insurance broker "warns that the cost could rise as more lucrative TV deals help push up player wages." JLT Specialty Sport, Media & E ...

Tags: United Kingdom, Finance

NBA Said To Be 'Close' To $250M Deal

Sportradar is expanding into the U.S., where sports betting -- if legalized -- "could be a multi-billion-dollar industry," according to Scott Soshnick of BLOOMBERG. Sportradar and data analytics firm Second Spectrum are "said to be close" to a six-year, $250M contract with the NBA, "according to peo ...

Tags: North America, Finance

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