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

06/04/14
PSG Tops Ligue 1 TV Money List

Ligue 1 side Paris St. Germain "has received the biggest slice of the league's TV money distribution during the '13-14 season," according to STAR AFRICA. PSG, which won its second consecutive league title in '13-14, received almost €45M in TV revenue. The club is followed by Marseille with clos ...

Tags: Finance, Europe

06/04/14
FFF Approves Budget For '14-15 FY

The French Football Federation approved an estimated budget of €205M ($280M) for '14-15 fiscal year at its federal assembly in Paris on Saturday. The FFF's revenues from TV rights and partnership contracts are included in the estimated budget. FFF General Treasurer Denis Trossat said, "The amou ...

Tags: Finance, Europe

06/04/14
RFEF Head Opposes Investment Funds

Spanish Football Federation (RFEF) President Angel María Villar is looking "to prohibit clubs from working with players partially owned by third-party investors," according to Llorens & Jiménez of AS. Villar "has wanted to implement this change for some time." Throughout April, an ...

Tags: Europe, Finance

06/04/14
Barcelona Facing Tax Evasion Charges

Spanish judge Pablo Ruz received a report from the Spanish tax authorities that concluded that Barcelona did not pay €9.1M in taxes when it signed Neymar last summer, according to AS. Ruz has "called former Barcelona president Sandro Rosell to testify on June 13." Barcelona "already paid" &euro ...

Tags: Europe, Finance

06/04/14
Bulgarian Side CSKA Sofia Bailed Out

Bulgarian football club CSKA Sofia "looks to have dragged itself away from the possibility of bankruptcy with the appointment of one of Bulgaria's biggest businessmen," Petar Mandjukov, to the board, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. This follows the club's "failed attempt ...

Tags: Europe, Finance

06/03/14
Sponsor Rewards Good Behavior Of Fans

Bundesliga club Hertha Berlin will receive a €1M ($1.36M) bonus payment from shirt sponsor Deutsche Bahn "due to the good behavior of its fans," according to Carsten Priefer of the BZ. The reason for the bonus payment "is an anti-riot clause in the contract between the club and its sponsor." De ...

Tags: Finance, Europe

06/02/14
1860 Munich Loses More Than €7M

Second Bundesliga club 1860 Munich "has released its financial numbers for the '12-13 fiscal year" in which it lost more than €7M, according to the TZ. The numbers showed that between July 1, 2012 - June 30, 2013 the club lost €7.27M. That is almost €1M more than during the previous y ...

Tags: Finance, Europe

06/02/14
Ecclestone Doubts Stroll F1 Investment

F1 CEO Bernie Ecclestone has revealed that "he doubts fashion industry tycoon Lawrence Stroll" will make a $1.5B "investment in Formula One as has been suggested," according to Christian Sylt for FORBES. F1 "is controlled by the private equity firm CVC Capital which owns 35% of its parent company De ...

Tags: Finance, Europe

05/30/14
EPL Clubs Miss Out On TV Distribution

Liverpool and ManU would have both received more than £70M ($117M) extra in Premier League TV money "had the cash been distributed based on audience," according to Nick Harris of the London DAILY MAIL. Liverpool collected £97.5M ($163M) in TV money last season, the most in the Premier Le ...

Tags: Finance, United Kingdom

05/29/14
Australian Rugby Records A$19.5M Profit

The Australian Rugby Union announced a A$19.5M surplus for '13. The season was spurred by the return of the British & Irish Lions to Australia, increased participation and a new head coach for the Wallabies. ARU Chair Michael Hawker said, "The British & Irish Tour generated a significant sur ...

Tags: Australia, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug