Featured Story

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...

Read More

Tags: Finance, United Kingdom

More Stories

10/10/13
Euro Commission Investigation Ongoing

The European Commission is "going forward with its investigation about various Spanish football clubs and does not have any indication regarding when the investigation will conclude," according to the EFE. EC Competition Commissioner Joaquin Almunia confirmed that the EC is "investigating the dist ...

Tags: Finance, Europe

10/10/13
Economist Addresses Real Madrid Finances

Spanish economist Gay de Liébana recently addressed Real Madrid's financial situation, according to Marco Ruiz of AS. The following is an excerpt from the Q&A: Q : What feeling do you get from the audit of Real Madrid's accounts? Gay de Liébana : That Madrid is very oversi ...

Tags: Finance, Europe

10/09/13
Bayern To Unveil New Record Revenue

Bayern Munich Exec Chair Karl-Heinz Rummenigge revealed “a revenue increase of more 20% for the current fiscal year,” according to Ben Priechenfried of DIE WELT. Rummenigge: “We can report revenue of more than €400 million" ($542.8M). During the previous ’12-13 season, t ...

Tags: Finance, Europe

10/09/13
Turkish Football Clubs Facing Debt

Turkish champion Galatasaray's $57M debt due in the next 12 months, "racked up by hiring coach Roberto Mancini and players including former Chelsea star Didier Drogba, is drawing whistles from investors," according to Ersoy & Bilgic of BLOOMBERG. Galatasaray has "seen its shares slump" 31% this ...

Tags: Europe, Finance

10/08/13
Beckham Earned $23M From Branding Firm

David Beckham has received a £14.1M ($23M) pay package "from a company set up to cash in on his worldwide fame," according to the HERALD SCOTLAND. Annual accounts for '12 filed by Footwork Productions "show it rewarded its highest paid director, understood to be the former Real Madrid an ...

Tags: Finance, United Kingdom

10/07/13
Report: ManU To Issue Shares

ManU's owners "are rushing to raise up to £250M ($401M) through the issue of shares and could make the move as soon as February," according to Alex Miller of the London DAILY MAIL. ManU Exec Vice-Chair Ed Woodward "insisted there were no imminent plans" to issue shares for the club, but Americ ...

Tags: Finance, United Kingdom

10/04/13
Leeds United Chair Says Investment Close

League Championship Leeds United Chair Salah Nooruddin claimed that the club "is close to attracting the investment required to take it 'to the next level,'" according to the BBC. The Bahrain-based businessman also said that "huge progress had been made towards achieving financial stability." Noorud ...

Tags: Finance, United Kingdom

10/04/13
Finance Notes

Italian football agent Daniel Striani's challenge to UEFA's Financial Fair Play regulations is due in Brussels' Court of First Instance Thursday "in what will be a short hearing to set a schedule for handling the complaint lodged in May." Striani "has lodged a complaint with the European Commission ...

Tags: Finance

10/03/13
Economy Hurting La Liga Attendance

Spain's economic crisis "has not left football's side," according to Sara Massa of EL CONFIDENCIAL. Although "Real Madrid and Barcelona are managing millions, the rest of the teams are trying to confront debts and be up to date on their accounts." One measure that some clubs have taken is "lowering ...

Tags: Finance, Europe

10/03/13
FidelisWorld Founder Talks Investment

FidelisWorld, the Dubai-based sports, media and entertainment group, "has entered into private equity" with the launch of FW Sports Investment Fund LP, the first of its kind PE fund in the sports and sports ancillary space, according to Reghu Balakrishnan of the Indian BUSINESS STANDARD. FW "has ann ...

Tags: Finance, India

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug