Featured Story

National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

Read More

Tags: Leagues and Governing Bodies, Australia

More Stories

07/11/14
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

07/10/14
Racing Victoria Seeking Better Funding

Racing Victoria Chair Robert Roulston "believes the state's position as No. 1 in racing will be under threat if it has to continue with its present funding model," according to Michael Manley of the HERALD SUN. Roulston: "We’d have to concede we're under a challenge at the moment from our nort ...

Tags: Finance, Australia

07/09/14
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

07/08/14
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

07/08/14
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

07/08/14
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

07/08/14
Sport NZ Facing $14.9M Budget Cut

The New Zealand Government is set to slash NZ$17M ($14.9M) from Sport New Zealand's budget, according to Simon Plumb of the SUNDAY STAR TIMES. Documents released by Parliament reveal a government committee has "recommended a 17% cut in funds for the sport and recreation sector managed by Sport NZ." ...

Tags: Finance, Australia

07/07/14
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

07/07/14
RFS To Increase Foreign Coach Tax Levy

The Football Union of Russia (RFS) is to "increase the tax on clubs that employ foreign coaches," according to INSIDE WORLD FOOTBALL. The FUR "already levies a tax on foreign coaches but a commission of coaching excellence" that met on Thursday was "examining how much should actually be paid." Commi ...

Tags: Finance, Russia

07/07/14
Ecclestone Considering Buying Back F1

F1 CEO Bernie Ecclestone said that he has "held talks that could see him buy back" F1, according to the London EXPRESS. Ecclestone, who "built F1 into the global brand it is today before selling to equity company CVC but now, despite an ongoing German court case" in relation to alleged bribery, is " ...

Tags: Europe, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug