Featured Story

Int'l Cricket Council, BCCI Agree To New Finance Model For '16-23 Rights Cycle

Published in SportsBusiness Daily Global on 06 / 23 / 17

The BCCI and Int'l Cricket Council "finally reached an agreement on a new finance model," according to Nagraj Gollapudi of ESPN.com. The "bare facts" are the BCCI will receive "a little over" $100M more than what was agreed upon by a "vast majority" of the ICC board in meetings in April and "most of...

Read More

Tags: Finance, Asia

More Stories

01/30/17
Int'l Football Clubs Spend Record $4.8B

Chinese football clubs "splashed out" more than $450M in transfer fees last year, a spree that "helped global spending on the acquisition of players reach a record high," according to Murad Ahmed of the FINANCIAL TIMES. According to FIFA’s Transfer Matching System, the total spent on tran ...

Tags: Asia, Finance

01/30/17
Manor Formula 1 Team Folds

The Manor Formula 1 team "has folded after going into administration and failing to find a buyer," leaving the sport with 10 teams two months before the start of the season in Australia, according to Alan Baldwin of REUTERS. Administrators FRP Advisory said that while a separate entity that hol ...

Tags: Europe, Finance

01/30/17
Finance Notes

The 145th Open championship at Royal Troon delivered more than £110M " worth of benefit to Scotland , an independent study has found." The tournament attracted 173,000 spectators to the Ayrshire coastline in '16. It delivered an economic impact of more than £64M, according to the stu ...

Tags: Finance

01/27/17
Bundesliga Posts Turnover Of €3.24B

The Bundesliga on Thursday announced a record turnover of €3.24B for the '15-16 season, up by almost 24% compared to a year earlier "thanks to a rise in media and advertising revenues as well as transfer cash," according to Karolos Grohmann of REUTERS. The German Football League (DFL), whi ...

Tags: Europe, Finance

01/27/17
Ecclestone To Hold On To .5% Of F1

Bernie Ecclestone and WPP CEO Martin Sorrell, two of Europe’s "most well-known" businessmen, are among a "handful" of execs to have reaped a $40M payoff from the sale of Formula 1 to Liberty Media, according to Christian Sylt for the London GUARDIAN. Most of the shareholders "are not ...

Tags: Finance, Europe

01/27/17
Sky's Operating Profits Drop 9%

Sky has "paid the price for the steep inflation in live football rights" as it suffered a 9% drop in operating profits in the past six months, according to David Bond of the FINANCIAL TIMES. The European pay-TV broadcaster paid £4.2B ($5.3B) for the latest three-year deal to show live Pre ...

Tags: Finance, United Kingdom

01/27/17
CSL Side Guoan Worth More Than $800M

Chinese Super League side Beijing Guoan has been sold to a local property developer at an equity valuation of more than $800M, "suggesting it is worth more than European giants such as AC Milan and Atlético Madrid," according to Bland & Ahmed of the FINANCIAL TIMES. The high price put on ...

Tags: Finance, Europe, China

01/26/17
Everton, Fulham Sign With SportsRISQ

SportsRISQ, the London-based company that provides structured finance products to the sports sector, has signed English Premier League club Everton and League Championship side Fulham to its new platform, the RISQ performance dashboard, a new business intelligence tool designed for football club exe ...

Tags: Finance, United Kingdom

01/26/17
Wales Rugby Players Could Earn Windfall

Wales rugby players "could rake in" more than £80,000 ($101,000) each if interim head coach Rob Howley’s team completes a Six Nations Grand Slam this year, according to Andy Howell of WALES ONLINE. That is "the amount the likes of new skipper Alun Wyn Jones and Leigh Halfpenny will ...

Tags: Finance, United Kingdom

01/25/17
Whistle Sports Raises $27.5M In Funding

Venture and growth investor Beringea has put $4.6M into Whistle Sports, a digital entertainment media company. The investment is part of Whistle Sports' recently-concluded Series C round of funding, with Beringea joining sports broadcasting and digital media companies in a round worth $27.5M in tota ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug