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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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Tags: Finance, United Kingdom

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10/17/13
N. Melbourne To Record 'Bumper Profit'

Australian Football League side North Melbourne is "set to record a bumper profit" of more than A$1M ($950,000) as the "club creeps closer to a deal" on St. Kilda's Nick Dal Santo, according to Jon Ralph of the HERALD SUN. Once "prime candidates for relocation to the Gold Coast," North Melbourne wil ...

Tags: Australia, Finance

10/16/13
Some NRL Clubs Unhappy With Grant

Financially "struggling" National Rugby League clubs were on Tuesday "hurled a much-needed lifeline -- although some weren't completely satisfied," according to Dean Ritchie of the DAILY TELEGRAPH. Some clubs "aren’t thrilled with the deal." Two CEOs contacted for comment "did not want to ...

Tags: Australia, Finance

10/15/13
Chernin Joins CVC Bid For IMG

F1 Owner CVC Capitial has enlisted "one of the world's most prominent media executives to strengthen its bid for control of IMG," according to Mark Kleinman of Sky News. CVC Capital, which owns roughly one-third of F1's parent company, has "joined forces with an investment group headed by" former Ne ...

Tags: Finance, United Kingdom, Europe, North America

10/15/13
Barcelona Boss Pleased With Club Finances

Barcelona President Sandro Rosell has "praised his own financial management of the club after an annual general meeting predicted record revenues," according to Gareth Messenger of INSIDE WORLD FOOTBALL. The meeting "reviewed Rosell's current three-year term as president of the Catalan club" as well ...

Tags: Europe, Finance

10/14/13
Espanyol Seeking 'Fresh Money' In Mexico

La Liga side Espanyol President Joan Collet on Sunday “headed to Mexico,” according to Rogelio Román of MUNDO DEPORTIVO. Collet, “as he has already tried multiple times in less than one year as president, is looking to Mexico to seal some type of agreement with investors tha ...

Tags: Europe, Finance

10/14/13
Woodland To Invest $82M In India Stores

Footwear and apparel firm Woodland will invest up to Rs 500 crore ($82M) in the next three years to set up eight "super stores" in India "that will retail outdoor and adventure sports equipment," according to the PTI. The company "plans to sell premium adventure and outdoors sports products and ...

Tags: Finance, India

10/11/13
Leaders: WPP Drops IMG Bid

Advertising agency WPP has ruled itself out of the running for IMG, believing its rumored $2.5B price tag is too high to justify a bid, while WPP CEO Martin Sorrell believes the sports sponsorship market is being undermined by the short shelf life of senior execs. Sorrell, speaking at Thursday&rsquo ...

Tags: Finance, United Kingdom

10/11/13
Report Shows Deportivo $217M In Debt

A report about Spanish second division side Deportivo La Coruña's debt and "its active bill shows a debt" of nearly €96M ($130M) with the Spanish tax authorities, according to the EFE. Of that €96M, €34M ($46M) could "be reduced if the club can reach an agreement with bankruptc ...

Tags: Europe, Finance

10/11/13
Nike India Targets Youth Market

Nike "is now digging deeper to reach its core audience -- the teenage buyer," according to Antonita Madonna of the Indian BUSINESS STANDARD. In India it is "sharpening its use of the audience's regular digital and physical haunts" -- social networks, mobile phones and colleges. So far Nike "had ...

Tags: Finance, India

10/10/13
Barcelona Discusses Team Finances

Barcelona Economic VP Javier Faus "recently talked about a number of subjects related to Barcelona," according to MUNDO DEPORTIVO. Faus pointed out that when he entered the club it owed €440M ($595M), but that it is now €330M ($446M) in debt. Faus described the revenue earned by each area ...

Tags: Europe, Finance

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