Eccelstone Case Disrupting Sale Of F1 Lim To Help Atlético Pay Mediapro Debt 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
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Bernie Ecclestone's Bribery Case Seen As Disruptive To CVC's Plan To Sell F105 / 24 / 13CVC Capital Partners Ltd.’s plan to hold an initial public offering of F1 "may be hurt by a bribery investigation" involving F1 CEO Bernie Ecclestone, according to Alex Duff of BLOOMBERG. Ecclestone "is negotiating an accord" known as the “Concorde Agreement” through '20 with teams... Tags: Finance |
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Manchester United Shares Fall 5%
Shares in ManU fell almost 5% on news of Manager Alex Ferguson’s departure "and continued to fall," according to Graham Hutson of the LONDON TIMES. The club is listed on the N.Y. Stock Exchange and "the share price slide has been seen as a reflection of the lack of confidence investors have wi ...
Tags: Finance, United Kingdom
Brazil Considers Transfer Rights Ban
The Brazilian government "is planning to propose banning soccer teams from selling player-transfer rights to investors, a key source of revenue for many of the country’s cash-strapped clubs," according to Panja & Colitt of BLOOMBERG. The plan "is part of a wider bill that will be sent to ...
2014 FIBA World Cup To Generate $400M
Spanish Basketball Federation (FEB) President José Luis Sáez said that the 2014 FIBA World Cup basketball tournament in Spain will generate more than $416M, according to José Félix Díaz of EL CONFIDENCIAL. At a Europe Press breakfast Wednesday, Sáez said, "T ...
Global Eleven Sues Marketer Kentaro
Football investment fund Global Eleven, whose backers include the son of an Italian count, sued Swiss sports marketer Kentaro, saying that "it failed to return profits from matches played by five-time world champion Brazil," according to Tariq Panja of BLOOMBERG. Global Eleven Admini ...
Tags: Finance
Hamburg SV Expects Record Loss
Bundesliga club Hamburg SV Exec Chair Carl-Edgar Jarchow had already announced that the club "will have a double-digit-million loss," but new reports suggest that "it could be the biggest loss in club history," according to the HAMBURGER ABENDBLATT. A Hamburg-based radio stadion reported that the cl ...
Women's Cycling Becomes Big Business
Sunday is Global Women's Cycle Day, "a sport where participation by women lags significantly behind that of men" in the U.K., according to Emma Sinclair of the London TELEGRAPH. The "statistics are, however, changing." British Cycling said that some 525,000 women in England currently cycle at least ...
Tags: Finance, United Kingdom
IMG Reportedly Rejects $2B Bid
IMG this year "drew an unsolicited bid" of more than $2B from California private equity firm Colony Capital, according to sources cited by Gelles, Edgecliffe-Johnson & Garrahan of the FINANCIAL TIMES. Colony's bid was "dismissed because Forstmann Little plans to run an auction so as to obtain th ...
Tags: Finance, United Kingdom
Big Spenders Watch Striani Case
Big-spending clubs opposed to UEFA's Financial Fair Play regulations "were dealt an unexpected boost" Monday when "an official challenge to the rules was lodged at the European Commission," according to Ian Herbert of the London TELEGRAPH. The complaint, lodged by Belgium-registered agent Daniel Str ...
Deportivo Seeks Access To TV Money
La Liga side Deportivo La Coruña and the Spanish Football Federation (RFEF) met Tuesday to try to arrive at an agreement about the conditions established by a judge regarding how Deportivo can access €9M ($11.8M) from a payment of TV rights , according to Juan Yordi of MARCA. Judge Rafa ...
Player Agent Threatens UEFA's FFP
UEFA's Financial Fair Play regulations face a legal challenge in the European courts after a players' agent, Daniel Striani, "argued the rules will unfairly restrict the amount of money he can earn," according to David Conn of the London GUARDIAN. Striani, an agent registered in Belgium, has "lodged ...
