CL Title Won't Impact Dortmund Shares Xerex Relying On Spanish Tax Agency Deportivo Cuts Costs To Appease Judge SAFA Owes Second Division $500K Finance Notes Business Rates Are Lord's Next Big Test Nottingham In Talks With New Backers F1 IPO On Track Despite Legal Issues 'Fergie Factor' Worth $1.5B Seven F1 Teams Can't Afford New Engines
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Borussia Dortmund Shares Unlikely To Profit From Potential Champions League Victory05 / 23 / 13The publicly traded shares of Champions League finalist Borussia Dortmund on the Frankfurt Stock Exchange are unlikely to gain a lasting boost from a potential victory in Saturday’s final. Deloitte Sport Business Group Expert Jan Kremer told SBD Global, "Short-term success, even if ... |
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Swansea To Announce $23M Profit
EPL Swansea City is "set to announce" a £14.6M ($23.5M) profit from its debut season in the Premier League, according to the PA. The club, which finished 11th in the top flight last season, had a turnover of £65.2M ($105M) for the year ending May 31. The "strong set of figures" showed th ...
Tags: Finance, United Kingdom
Leeds Investor Has Financial Struggles
Accounts of its Bahrain parent company Gulf Finance House show that the Dubai-based investment firm negotiating to takeover Championship club Leeds United, one of English football's most-famous clubs, "appears to have little financial fire power to complete the deal," according to Sa'Pinto, French & ...
Tags: Finance, United Kingdom
Investors Turn Up Heat On Billabong
The Australian Shareholders Association has "refused to bow to pressure" from Billabong and Founder & Dir Gordon Merchant over plans "to oust him from the board" over his role in the company's rejection of an A$842M ($861M) takeover offer, according to Blair Speedy of THE AUSTRALIAN. The ASA sai ...
Italian Club Owners Invest Billions
The owners of Italian Serie A clubs Juventus, Inter Milan and AC Milan have "invested almost €2B ($2.6B) out of their own pockets into their clubs," according to the DPA. Italian sports newspaper Gazzetta dello Sport published a study that showed that Inter President Massimo Moratti has been "b ...
Buyers Cautious With EPL Clubs
Buyers of Premier League clubs "used to arrive in droves," but since Indian group Venky's purchased Blackburn Rovers in Nov. '10, the "deal flow has run dry," according to Roger Blitz of the FINANCIAL TIMES. Promotion and relegation are the only things that have changed the make-up of owners around ...
Tags: United Kingdom, Finance
Rangers Plan Return With AIM Float
Fans of Scottish Third Division side Rangers are "being offered the chance" of investing in the club as part of a £20M ($32M) flotation on the Alternative Investment Market (AIM) of the London Stock Exchange, according to Michael Kavanagh of the FINANCIAL TIMES. Rangers CEO Charles Green said ...
Tags: Finance, United Kingdom
Companies Want Long-Term Contracts
One of the two companies approved by football’s lawmakers to "provide technology to settle disputed goals" said that it wants to "sign long contracts with leagues and federations before new entrants join the market," according to Tariq Panja of BLOOMBERG. Germany’s Fraunhofer IIS’s ...
Nuremberg Closer To Being Debt Free
Bundesliga club FC Nuremberg "revealed its financial numbers for the '11-12 fiscal year and seems to be on a good way to become debt free," according to the SID. The club generated €4M ($5.2M) in profits during the '11-12 fiscal year and was able to reduce its debt to €2.3M ($3M). Accordin ...
Billabong Founder Faces Scrutiny
Surfwear retailer Billabong has appointed former fashion exec Ian Pollard as chair elect to "guide a turnaround," according to Colin Kruger of the SYDNEY MORNING HERALD. Billabong, however, may still "find itself short of board members" following its shareholder meeting this month, with investor adv ...
Sainsbury's Sales Get Paralympics Boost
J Sainsbury has lifted its market share on the back of its high-profile sponsorship of the London '12 Games, according to REUTERS. Market researcher Kantar Worldpanel said that sales at Britain's third-largest grocer rose 5.6% in the 12 weeks to Sept. 30, increasing its share to 16.5% from 16.2% a y ...
