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
Upcoming Conferences and Events
Featured Story
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... |
More Stories
ManU Releases First Quarter Results
ManU announced financial results on Wednesday for the first quarter of '13 ending Sept. 30. According to a press release from the club, total revenue was £76.3M ($120.9M), an increase of 3.4% from the previous quarter. Sponsorship revenue increased 32.4% as a result of 10 new sponsorship deals ...
Tags: Finance, United Kingdom
Swiss Sports Profits From Lottery Money
Swiss Olympic "has received CHF24.6M ($26M) from Switzerland's lottery companies Swisslos and Loterie Romande in '11," according to Peter Jegen of the NEUE ZÜRCHER ZEITUNG. Swiss Olympic's annual report revealed that the total payout from the Sport-Toto-Association was exactly CHF24.604,033.35, ...
Bolton Wanderers Debt Rises To $216M
EPL side Bolton Wanderers recorded a loss of £22.1M ($35.1M) last financial year, taking its total debt to £136.5M ($216.8M), according to BBC.com. However, £125M ($199M) of the debt is owed to Owner Eddie Davies, which has been "refinanced into a long-term loan." Bolton Chair Phil ...
Tags: Finance, United Kingdom
RFU Reports $10M Loss Last Year
The Rugby Football Union has reported a planned loss of £6.3M ($10M) for the last financial year as a result of "fewer England matches at Twickenham," according to the LONDON TIMES. The governing body loses money in every World Cup season because "there are no autumn internationals," and Engla ...
Tags: Finance, United Kingdom
Carlisle United Reports Financial Losses
English League One club Carlisle United revealed operating losses of more than £124,329 ($197,347) for last season after failing to reach the playoffs. The Cumbrians released their statement ahead of the club's annual general meeting and also confirmed turnover was down £652,141 ($1M). A ...
Tags: Finance, United Kingdom
F1 Team HRT Up For Sale
The future of Spanish F1 team HRT "is up in the air," according to Javier Rubio of ELCONFIDENCIAL.com. With "serious economic difficulties" as the season gets close to a finish, 32 employees of the team have been told that their services were not needed anymore. Furthermore, HRT owner Thesan Capital ...
Tags: Europe, Formula One, Finance
Caterham Gets Loan From Malaysian Bank
The Caterham F1 team has "received a financial boost at the eleventh hour," according to Christian Sylt of PITPASS.com. The boost comes "in the form of a £5.7M ($9M) loan from Malaysian investment bank CIMB, which earlier this year was named as one of the backers of the stalled £6.3B ($1 ...
Tags: Finance, United Kingdom
William Hill Working On Sportingbet Bid
Britain's largest bookmaker William Hill "will get more time to finalize" a proposed £530 ($843M) offer for online gaming group Sportingbet, according to Keith Weir of REUTERS. William Hill and smaller partner GVC Holdings "won provisional backing for the takeover proposal" from the Sportingbe ...
Tags: United Kingdom, Finance
Chelsea Reports 'Modest' Profit
Chelsea reported its first profit in the nine years of Roman Abramovich’s ownership, "raising the prospect that the club may be able to comply with UEFA’s Financial Fair Play rules," according to Paul Kelso of the London TELEGRAPH. After racking up losses totalling more than £630M ...
Tags: Finance, United Kingdom
MAS Holdings Building Sri Lanka Factories
Hundreds of former Tamil Tigers -- the defeated Sri Lankan rebel army -- are "moving into a peaceful trade, swapping a history of bombs and guns for bras and football shirts," according to James Crabtree of the FINANCIAL TIMES. In a sign of "long-awaited economic reconstruction" following the "bruta ...
