Featured Story

Michelin Says Tires Used In Formula E Could Hit Roads In Three To Five Years

Published in SportsBusiness Daily Global on 04 / 01 / 15

Michelin’s involvement in Formula E is accelerating the implementation of new developments in road tires, according to a senior exec at the company. The technological aspect is one of three pillars Michelin looks at when entering a motorsports series, said Chris Baker, motorsports director at...

Read More

Tags: Media, Europe

More Stories

12/03/14
German Leagues Score Record Revenues

The Basketball Bundesliga (BBL), German Hockey League (DEL), Handball Bundesliga (HBL) and the 3rd League generated total revenue of €450.3M ($558M) in '13-14. According to Deloitte's seventh "Finance Report of German Pro Sports Leagues" in cooperation with the ISS Institute for Sportmanagement ...

Tags: Finance, Europe

12/03/14
RFEF Tax Irregularities Uncovered

Spain's Social Security General Treasury has "detected irregularities in tax contributions made" from '08-12 by the Spanish Football Federation (RFEF), according to DIARIO GOL. This debt amounts to €736,133 ($912,451). As of Dec. 31, 2013, the RFEF had paid €436,548, with & ...

Tags: Europe, Finance

12/03/14
Neymar Investor Demands $20M From Sale

A Brazilian investment company "is demanding" at least €16M ($20M) from Barcelona forward Neymar and his former club, Santos, a year after the player moved to Spain for almost €60M, according to Tariq Panja of BLOOMBERG. The 22-year-old’s move to Barcelona in May '13 "led to the exit ...

Tags: Finance, Brazil

12/03/14
La Liga Espanyol's Debt Up To $166M

La Liga side Espanyol announced that it closed the '13-14 financial year with a deficit of €111,306 ($137,800), according to Juan I. Irigoyen of EL PAIS. Espanyol's net debt has ascended to €134M ($166M), which is down €7M ($8.7M) from a year ago. Espanyol President Joan Collet said, ...

Tags: Finance, Europe

12/03/14
PlayUp Faces Action On Unpaid Wages

An "embattled" sports technology firm chaired by former NSW Premier Nick Greiner and featuring high-profile directors and investors "faces insolvency action" in the U.K., according to John Stensholt of the AUSTRALIAN FINANCIAL REVIEW. Private Melbourne company PlayUp, which has burnt through A$75M ( ...

Tags: Finance, Australia

12/03/14
Scottish Rangers Net Just $3,130

Scottish Championship side Rangers made only £2,000 ($3,130) from the club's merchandising deal with shareholder Mike Ashley's Sports Direct retail chain "in the first half of this year," per the Union of Fans, the organization "which represents disaffected Ibrox supporters," according to Rodd ...

Tags: Finance, United Kingdom

12/02/14
Mourinho: FFP Helps Traditional Clubs

Chelsea coach Jose Mourinho believes his club is "being hit by a 'contradiction' in UEFA's Financial Fair Play rules -- which he claims help the club's rivals," according to the PA. Mourinho "had to balance the Stamford Bridge books over the summer, selling Demba Ba, David Luiz and Romelu Lukaku to ...

Tags: Finance

12/02/14
Bayern Munich Reports Record Revenue

Bayern Munich "has released its financial numbers for the fiscal year ending June 30 in which it generated a record revenue," according to SPORT1. The club reported revenue of €528.7M ($660M) for the '13-14 season. In comparison, Bayern had revenues of €432.8M during the previous year. The ...

Tags: Finance, Europe

12/01/14
EPL Clubs Spend £115M On Agents

Premier League clubs paid a record £115M to agents in the 12 months to the end of September, according to the BBC. The league's top spender was Chelsea, on £16.8M. Premier League champion Man City spent £12.8M -- £1.5M less than runner-up Liverpool. ManU spent just short of & ...

Tags: Finance, United Kingdom

12/01/14
Audit Reveals Fraud In Argentine Hoops

Argentine Basketball Confederation (CABB) Comptroller Federico Susbielles announced that the body's debt after Germán Vaccaro's presidency -- which ran from '08-14 -- has risen to 33.4M Argentine pesos ($3.9M) as a "consequence of the irregularities found in the audit report submitted to the ...

Tags: South America, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug