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Infront Owner Wanda Looking For More Opportunities To Build Sports Business Sector

Published in SportsBusiness Daily Global on 08 / 28 / 15

Infront owner Dalian Wanda Group is looking for further opportunities to grow its sports business sector. The China-based group has a particular interest in the Chinese and broader Asian markets, but also sees opportunities in North America. It is understood that Wednesday’s acquisition of th...

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Tags: Finance, Europe, China

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EPL Newcastle's Bank Balance Revealed

EPL side Newcastle United has been able to put more than £38M ($56.4M) into its bank account as the "full extent of the club's success as a business" under Owner Mike Ashley revealed an "extraordinary stockpile of cash," according to Luke Edwards of the London TELEGRAPH. The size of the club's ...

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Flamengo Members Contribute R$30M In '14

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Villar Defends Former Las Rozas Mayor

Related story: Spanish Political Party PSOE Demands $80M From Spanish Football Federation Spanish Football Federation (RFEF) President Angel María Villar testified in court that former mayor of the Madrid municipality of Las Rozas Bonifacio de Santiago "fulfilled all his ...

Tags: Europe, Finance

J.League Revenue Passes $100M

Revenue at the J.League organization grew 6% to 12.3B yen ($101.5M) last season, thanks to higher income from broadcasting, merchandise and expansion to a third division, with stronger growth on the cards for this year. Merchandising income jumped 14%, largely due to a number of big clubs vying for ...

Tags: Finance, Japan

Hamburg SV Unveils New Investor

Bundesliga side Hamburg SV announced Dutch businessman Helmut Bohnhorst has acquired €4M ($4.3M) in shares in HSV Fußball AG, according to the HAMBURGER ABENDBLATT. The contract "was signed on March 20 and increases the financial scope of the club." Bohnhorst, who is a longtime fan o ...

Tags: Finance, Europe

TLA Worldwide's Revenue Jumps 12%

The first rugby match in the U.S. for the All Blacks in more than three decades helped sports agent and marketing group TLA Worldwide report a 26% rise in pre-tax profits, according to Malcolm Moore of the FINANCIAL TIMES. The company said its revenues had risen 12% to $20.8M and profits before tax ...

Tags: Finance

Racing Betting-Tax Parity Revenue Fund

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Tags: Finance, Australia

Political Party Demands $80M From RFEF

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Tags: Finance, Europe

France's Top 14 Hits Record Deficits

France's Top 14, the world's richest rugby union championship, said it "suffered a record deficit" of €24.2M last season as player salaries "soared," according to the AFP. A report by the National Rugby League's audit department said, "Clubs prefer to strengthen their sporting power ... to ...

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NRL Urged To Publicize Wages

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