Featured Story

Bayern Munich Announces Record-Breaking Revenue Of €641M In '16-17

Published in SportsBusiness Daily Global on 10 / 24 / 17

Bayern Munich announced "record-breaking revenue" of €640.6M for the '16-17 season and post-tax profits of €39.2M, which represented an 18.6% increase from the previous season, according to Jason York of BAVARIAN FOOTBALL WORKS. CFO Jan-Christian Dreesen said that Bayern's elimination...

Read More

Tags: Europe, Finance

More Stories

10/13/17
Magellan Makes Pitch To Cricket Fans

The A$50B ($39.2B) Magellan Financial Group "is turning to high-fee retail investors," launching an A$11M ($8.6M) campaign to "lure cricket fans into the company’s funds amid market-wide pushback against active investment management," according to Michael Roddan of THE AUSTRALIAN. Speakin ...

Tags: Finance, Australia

10/13/17
Vialli Says Crowdfunding Is On The Rise

Former Chelsea striker Gianluca Vialli is one of the founders of Tifosy, an equity crowdfunding organization -- or "fan-funding," as Vialli calls it -- that allows people to "invest in sports clubs," according to Jason Burt of the London TELEGRAPH. He said, "There are so many ex-footballers in the f ...

Tags: Europe, Finance

10/12/17
Senate Inquiry Hears ARU Reneged

The Australian Rugby Union's rejection of billionaire Andrew Forrest's A$50M offer to save the Western Force was a "backflip that came weeks after it told him such a figure would save the club," a Senate inquiry heard, according to Greg Roberts of the SYDNEY MORNING HERALD. The revelations were made ...

Tags: Finance, Australia

10/12/17
Barcelona Projects Record Revenue

Barcelona is "on course to become the world’s highest earning sports club," with record revenues of £804M ($1.06B) forecast for the financial year '17-18, according to Michael Kelleher of SKY SPORTS. Those revenues are boosted by the sale of Neymar to Paris St. Germain for a world-r ...

Tags: Europe, Finance

10/12/17
Geelong CEO Forecasts Break-Even Finances

Australian Football League side Geelong Cats, one of the code's "powerhouse" clubs of the past decade, is "proof of just how tough it is becoming for AFL clubs to turn a profit," according to Greg Denham of THE AUSTRALIAN. Despite "playing deep into the finals and recording a record membership ...

Tags: Finance, Australia

10/11/17
Report: Clubs Risk Bankruptcy Chasing EPL

English Football League clubs "risk bankruptcy by chasing promotion to the Premier League," financial experts said, according to the BBC. Between the '08-09 and '15-16 seasons, 19 clubs entered the top flight, and "only one -- Crystal Palace -- avoided making a loss." Average losses in their promoti ...

Tags: Finance, United Kingdom

10/11/17
WME-IMG Creates Holding Company

WME-IMG formed a holding company called Endeavor and folded its full portfolio of brands into the new company. Ari Emanuel will become Endeavor's CEO, while Patrick Whitesell will be its exec chair. Emanuel and Whitesell retain their seats on the company BOD. WME and IMG will operate as standalone b ...

Tags: Finance, Europe

10/10/17
Staveley Shows Interest In Liverpool

Liverpool's American owner "slapped a stunning" £1B ($1.32B) price tag on the club after "preliminary buy-out talks," according to John Richardson of the London DAILY MIRROR. Financier Amanda Staveley, who has "strong links to billionaires in the Middle East," reportedly made "initial sounding ...

Tags: Finance, United Kingdom

10/10/17
Trump's Golf Courses Double Losses

U.S. President Donald Trump's Scottish golf courses lost more than £19M last year, new figures revealed, according to Jeremy Watson of the LONDON TIMES. Accounts filed at Companies House for Trump's resorts at the Menie Estate in Aberdeenshire and Turnberry in Ayrshire "show they both mad ...

Tags: Finance, United Kingdom

10/10/17
Becker May Sell Wimbledon Trophies

Boris Becker "is believed to have borrowed" £2M from a British telecom billionaire "amid claims he may sell his Wimbledon trophies" to help pay off an alleged £54M ($71M) debt, according to Harry Yorke of the London TELEGRAPH. The three-time Wimbledon champion was declared bankrupt ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug