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New Zealand Rugby Union, Sky TV Sign 'Conditional' Deal For Broadcast Rights

Published in SportsBusiness Daily Global on 10 / 24 / 14

The New Zealand Rugby Union and Sky TV signed "a conditional five-year deal for broadcasting rights from 2016," according to Greg Stutchbury of REUTERS. A final agreement is expected to be signed off by the end of November. NZRU CEO Steve Tew said that no financial details were disclosed "due to the...

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Tags: Media, Australia

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Cup Victory To Improve German Economy

Research institute Prognos AG said that the reward from the German Football Federation (DFB) -- it paid each of Germany's players $408,000 -- for "bringing the prize to Berlin is a small price to pay compared with the filip the German economy may get" as the victory draws shoppers to the "Made in Ge ...

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Sofia To Attempt Second Public Listing

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Tags: Finance, Europe

Port Adelaide Advised Against Oval Deal

Former Etihad Stadium CEO Ian Collins advised Australian Football League side Port Adelaide "against signing the contentious Adelaide Oval agreement, warning chairman David Koch that the club would be broke within three seasons under the deal it was being offered," according to Caroline Wilson of TH ...

Tags: Finance, Australia

Racing Victoria Seeking Better Funding

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Tags: Finance, Australia

Scottish Rangers Fans Call For Probe

Scottish League 1 Rangers on Monday "issued a statement admitting they had issued inaccurate accounts to the Stock Exchange," according to Mark McGivern of the Scotland DAILY RECORD. The club revealed that accounts "drawn up by controversial former club secretary Brian Stockbridge did not disclose a ...

Tags: Finance, United Kingdom

Nike's Taxes On ManU Kit Sales Unveiled

Nike paid just £1M in tax over the past five years on £100M sales of its ManU replica kits, according to Simon Neville of the London EVENING STANDARD. The company funnelled nearly £40M over the period to its Dutch business "despite making most of its money on sales to football fans ...

Tags: Finance

Aussie Commission Cuts Funding

Australia's Paralympic football team "faces the axe" after all of its funding was cut by the Australian Sports Commission, according to ABC. As part of Australia's Winning Edge policy, funding is "directed to sports which have a higher chance of winning a medal at the Olympics or Paralympics." The A ...

Tags: Finance, Australia

West Brom Chair Increases Stake

EPL side West Brom Chair Jeremy Peace "has increased his majority stake in the club" to 76.4% with the purchase of a further 905 shares, according to Mike Dawes of the London DAILY MAIL. Peace, through his company West Bromwich Albion Holdings Ltd., last month made an offer of £3,000 ($5,100) ...

Tags: Finance

Sport NZ Facing $14.9M Budget Cut

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Tags: Finance, Australia

Motorsport Technology Urged To Expand

Before Sunday's British Grand Prix, Silverstone staged a "business conference with the unlikely theme of encouraging local engineering companies to look outside the sport," according to John Murray Brown of the FINANCIAL TIMES. Joe Greenwell of the "government's automotive investment organisation" s ...

Tags: Europe, Finance

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