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Staveley Says Reuben Brothers Were Among Co-Investors In Failed Newcastle Bid

Published in SportsBusiness Daily Global on 01 / 19 / 18

A "major British family investor," the first to be named by businesswoman Amanda Staveley as a financial backer of her £250M ($347.3M) bid to buy Premier League side Newcastle United, said that it is no longer "planning to invest in the club,...

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KPL Earned 270M Kenyan Shillings In '16

Grants to clubs, staff salaries and marketing fees "got the lion's share of Kenyan Premier League Limited's budget" as the body that runs Kenya's top-flight football league "wound up with a loss" of 4.1M Kenyan shillings last year, according to Cellestine Olilo of the DAILY NATION. KPL Ltd.'s financ ...

Tags: Finance, Africa

London Clubs Paid 5% Of £7M Police Costs

London's football clubs paid "just" 5% of the £7M cost of policing matches last year, new figures revealed, according to Justin Davenport of the London EVENING STANDARD. Scotland Yard recovered £361,000 of the total cost, leaving it with a bill of nearly £6.7M. West Ham was the "mo ...

Tags: Finance, United Kingdom

Northampton Town Sale Not A Coup

League One side Northampton Town is the latest club in Britain to "come under Chinese control and it seems to be making a difference," according to Ian Herbert of the London DAILY MAIL. The club signed a loan striker from EPL side Burnley, paid Scottish Premiership side Rangers £100,000 ($132, ...

Tags: Finance, United Kingdom

Barça To Report PSG To UEFA

Barcelona will report Paris St. Germain for a breach of UEFA's financial fair play rules if the French club ends up paying Neymar's €222M ($260.9M) buyout clause, club sources said, according to Samuel Marsden of ESPN.com. There is no mechanism for a club to "report" another club for potential ...

Tags: Europe, Finance

Lander Holdings Still Without Funds

The Chinese company negotiating a £200M ($160M) stake in Premier League side Southampton is "still yet to have the funds" for its investment transferred out of China and risks "losing the chance" to buy a controlling stake in the club, accord ...

Tags: Finance, China, United Kingdom

Sky Profits Dip As EPL Costs Rise

Higher costs for Premier League rights have hit annual profits at Sky "despite a jump in revenues and new customers," according to Chris Johnston of the BBC. The satellite broadcaster said that total costs rose by 5%, with the £629M ($822M) j ...

Tags: Finance, United Kingdom

China's Sport Sector Projected To Double

China’s sports industry could be "about to come of age," as "growing public enthusiasm" for participatory athletic events coupled with the government’s efforts to promote sport awareness are seen as "powerful catalysts for a sector still at an early stage of development by global standar ...

Tags: Finance, China

Neymar Cleared, Father Says

Neymar's father said that the Barcelona player has been "cleared of any criminal charges in a long-running tax evasion case in Brazil," according to Andrew Downie of REUTERS. In a statement, Neymar Sr. said, "It is with great happiness that we received the news of the shelving of the Public Ministry ...

Tags: Finance, Europe

Millenial Esports Invests €2.5M Into O'Gaming

French esports media service O'Gaming announced an injection of €2.5M ($2.9M) from Toronto-based Millenial Esports Corp. to expand its offering, according to Paul Arrivé of L'ÉQUIPE. O'Gaming, owned by Alt Tab Productions, announced the agreement on Tuesday in a statement tha ...

Tags: Finance, Europe

BHA To Boost Prize Money In '18

British horse racing's grassroots are "to be given a shot in the arm" of nearly £10M ($13M) in '18, when a record number of 1,508 fixtures are scheduled, according to SKY SPORTS. The funding is "being targeted at mid and lower-tier racing" through increases to prize money funding supported by ...

Tags: Finance, United Kingdom

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