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Bernie Ecclestone's Bribery Case Seen As Disruptive To CVC's Plan To Sell F105 / 24 / 13CVC Capital Partners Ltd.’s plan to hold an initial public offering of F1 "may be hurt by a bribery investigation" involving F1 CEO Bernie Ecclestone, according to Alex Duff of BLOOMBERG. Ecclestone "is negotiating an accord" known as the “Concorde Agreement” through '20 with teams... Tags: Finance |
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Dundee Cuts Debt, Posts Profit
Scottish Premier League Dundee United's financial results for the year to June show the club posted a profit of £1.45M ($2.2M), with "bank debt and directors' loans having been reduced," according to the BBC. Revenue suffered a 3% fall to £5M ($8M), and the percentage of wages to turnove ...
Tags: Finance, United Kingdom
Nike To Sell Umbro For $225M
Iconix Brand Group has agreed to buy Nike’s Umbro sports apparel and footwear unit for $225M in cash, "marking the fashion brand’s second deal with the U.S. sportswear group," according to Anjli Raval of the FINANCIAL TIMES. Umbro, the U.K.-based brand that sponsors the England football ...
Tags: Finance, United Kingdom, Nike
ManU Wants To Continue With Nike
ManU will be looking to negotiate Nike's biggest sponsorship deal "when they begin renewal talks over Old Trafford kit supply in February," according to Charles Sale of the London DAILY MAIL. The 13-year Nike agreement with ManU that expires in '15 is worth £303M ($486M), "plus a profit share ...
Tags: Finance, United Kingdom, Nike
Puma Profits Plunge In 3Q
Puma "is considering more short-term cost cuts in a fresh sign of the sports goods maker’s struggle for fitness amid the economic slowdown," according to James Wilson of the FINANCIAL TIMES. In "a period when its biggest contracted star -- Jamaican sprinter Usain Bolt -- shone" at the London ...
Billabong Founder Survives Vote
Surfwear company Billabong majority shareholder & Founder Gordon Merchant and board member Colette Paul have been re-elected to the company's board "despite calls for them to be dumped," according to Bridie Jabour of the SYDNEY MORNING HERALD. The Australian Shareholders Association had "recomme ...
Sports Direct Profits Up 22%
Retailer Sports Direct "shrugged off last month’s executive pay dispute," and has extended "its strong summer performance into the autumn," according to Adam Jones of the FINANCIAL TIMES. The U.K.’s leading sports retailer said that sales in the nine weeks to Sept. 30 were £403M ($ ...
Tags: Finance, United Kingdom
Billabong CEO Buys Company Shares
Surfwear company Billabong CEO Launa Inman has "backed up her confidence in the turnaround potential of the troubled fashion company with cold hard cash," according to Eli Greenblat of the SYDNEY MORNING HERALD. Inman has bought her first parcel of shares since her appointment as CEO earlier this ye ...
FSV Mainz 05 Releases Financial Number
Bundesliga club FSV Mainz 05 "released its financial numbers of the '11-12 season at a meeting that was attended by 527 members on Monday," according to Reinhard Rehberg of the RHEIN ZEITUNG. The club "generated a record revenue" of €68.3M ($88.5M) during last season. In comparison to the '10-1 ...
Russia Is Fischer Sports Top Market
Austrian winter sports manufacturer Fischer Sports "generates 80-85% of its revenue in foreign markets," according to Josef Lehner of OÖNACHRICHTEN ZEITUNG. Surprisingly, Russia has become Fischer's "most-important market with 300,000 cross-country skies sold last year." In addition, "a ma ...
French Sports Brand To Expand In China
French sports goods chain Decathlon is set "to triple its Chinese store numbers and make the country its third-largest global market," according to Li Woke. Decathlon China VP Bertrand Tison said that the firm is targeting 150 stores on the Chinese mainland by the end of '15. Most will be planned in ...
