CL Title Won't Impact Dortmund Shares Xerex Relying On Spanish Tax Agency Deportivo Cuts Costs To Appease Judge 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
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Borussia Dortmund Shares Unlikely To Profit From Potential Champions League Victory05 / 23 / 13The publicly traded shares of Champions League finalist Borussia Dortmund on the Frankfurt Stock Exchange are unlikely to gain a lasting boost from a potential victory in Saturday’s final. Deloitte Sport Business Group Expert Jan Kremer told SBD Global, "On-field success, even if Do... |
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Nike Nears Cole Haan Sale
Nike is in “final negotiations to sell its Cole Haan handbag and shoe brand to private equity firm Apax Partners, in a deal that could fetch around $500 million,” according to sources cited by Kim & Oran of REUTERS. Sources said that London-based Apax has “teamed up with former ...
Tags: North America, Finance
Werder Bremen Reveals $17.8M In Losses
Bundesliga club SV Werder Bremen lost €13.9M ($17.8M) during the '11-12 fiscal year the club revealed Monday, according to Matiszick & Dorow of the WESER KURIER. However, the club's management is "not too worried about this number as it has enough equity to balance the losses, and it a ...
Jockeys' Claim Could Rock Aussie Racing
The racing industry "is set to be hit this week by a multimillion-dollar superannuation claim from jockeys that could stretch back as far as 20 years," according to Chris Roots of the SYDNEY MORNING HERALD. Fairfax Media understands the Australian Jockeys' Association "wants the legislated 9% supera ...
Paris To End PSG Subsidy
Paris City Hall will end its annual subsidy to Ligue 1 Paris St. Germain, according to Boris Cassel of LE PARISIEN. In a memo that will be presented in a meeting scheduled for Nov. 12 at the Council of Paris, the city will reveal the news. Le Parisien was able to obtain a copy of the memo, and the f ...
Mercedes To Increase F1 Team Budget
After three more or less successful seasons in F1, Mercedes "reportedly plans to increase the budget of its F1 team by about 30% in '13," according to AUTO BILD. Newly appointed non-exec Chair of the team’s board of directors Niki Lauda "has reportedly convinced company management that su ...
F1 IPO 'Unlikely' Before 2014
F1 CEO Bernie Ecclestone revealed that F1 is "unlikely to float on the stock market" before '14, according to Alan Baldwin of REUTERS. In the paddock at the Abu Dhabi Grand Prix, Ecclestone said, "The market's going to take a little bit of settling down, I think. I think we ought to forget about it ...
Tags: Finance, Middle East
Alemannia Aachen Avoided Bankruptcy
German 3rd League club Alemannia Aachen "has avoided bankruptcy for the time being," according to the DPA. The club revealed Wednesday that somebody "from within the club" stepped up as a financial backer. The club has a reported deficit of €3.9M ($5.1M), which means it had to find €2M ($2 ...
Marussia F1 Team In Talks With Investors
Marussia, the F1 team 29.4% owned by Lloyds Banking Group, "is in talks with potential investors to keep its wheels turning after making a £49M ($78.9M) loss last year," according to Christian Sylt of the London GUARDIAN. Team CEO Andy Webb said directors were "in active discussions with poten ...
Tags: Finance, United Kingdom
Cologne Fan Bonds Reach Issue Goal
Indebted 2nd Bundesliga club FC Cologne "has already reached its planned issue volume for its fan bonds," according to the DPA. The club's fan bonds, which have been available since the start of August, "have already sold out with an issue volume of €10M ($13M)." FC Cologne President Werner Spi ...
A Look Inside North Korean-Made Football Boots
An unusual "venture that marries South Korean money with North Korean labour in the Chinese city of Dandong aims to make its mark" on the world football scene, according to Ju-min Park of REUTERS. At a temporary factory, "in a village on the edge of a bustling city that serves as a bridge between Ch ...
