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Florida Power & Light Signs On As Official Solar Energy Provider Of Miami ePrix

Published in SportsBusiness Daily Global on 03 / 03 / 15

Electric utility company Florida Power & Light has signed on as the official solar energy provider of the FIA Formula E race in downtown Miami. The sponsorship deal for the first electric car race held in the U.S. was announced on Monday. Andretti Sports Marketing, organizer of the Miami ePrix, ...

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Tags: Marketing and Sponsorship, Europe

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AFL Gives GWS Extra A$3.25M

The Australian Football League's expansion into Sydney's "rugby league and soccer heartland has hit a financial bump," with the league forced to tip in an extra A$3.25M into the AFL Greater Western Sydney Giants last year, according to Stensholt & Pierik of the SYDNEY MORNING HERALD. Documents o ...

Tags: Australia, Finance

Paderborn Reports €2.6M Profit

Bundesliga side SC Paderborn reported a profit of €2.6M for the year ending Dec. 31. As a result the club was able to reduce its negative capital to €2.1M. During its first season in the top flight, Paderborn was able pay of its liabilities in the amount of €3.7M. Except for its loan ...

Tags: Finance, Europe

Shoemaker Naibu Loses Track Of Bosses

Directors of London-quoted Chinese sports shoemaker Naibu "have been forced to admit that they have lost all contact with the company’s chairman and senior executive, in the latest controversy to hit Aim," according to Johnson & Agnew of the FINANCIAL TIMES. Naibu, which once said that "it ...

Tags: Finance, China

Liga MX Chivas Has Debt Of $2.67M

Liga MX side Chivas Guadalajara Owner Jorge Vergara addressed "rumors of a possible sale of his club" and said that Chivas' debt is 40M pesos ($2.67M), according to Carlos Herrera Luyando of LA AFICION. Of a possible sale , Vergara said, "I [currently] have no intentions. There have been intentions ...

Tags: Finance, North America

NBA's Bogut Tops Aussie Sports' Rich List

Australia’s top 50 earners in the sports world made A$164M combined in the last year, according to FOX SPORTS. But it is "not a footy star topping the list." According to BRW, NBA Golden State Warriors center Andrew Bogut made the most with A$16.2M "thanks to securing a big contract." The firs ...

Tags: Finance, Australia

Sofia Owner Puts Shares Up For Sale

With one Bulgarian club owner "facing a possible prison sentence for fraud," another, Levski Sofia Owner Todor Batkov, has said that "he has had enough and has announced he is ready to sell his shares in the club," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. Some media in the countr ...

Tags: Finance, Europe

Investors Eyeing Top Football Clubs

Financial fair play, low interest rates and football's ability to "secure big money broadcast and sponsor contracts looks likely to attract debt investors back into the football business," according to Paul Nicholson of INSIDE WORLD FOOTBALL. Traditionally seen as "vanity or goodwill investments, fo ...

Tags: Finance, Europe

Serie A Parma's Wages Deadline Passes

Confusion reigned at Serie A side Parma on Tuesday as the club "failed to provide any official comment" on whether it had paid the players' wages by the previous day's deadline, according to Brian Homewood of REUTERS. Players said that "they had no news as they arrived for training while one televis ...

Tags: Finance, Europe

LFP Posts '13-14 Profit Of €154M

Spain's Superior Sports Council (CSD) said in a report that the Spanish Football League's (LFP) profit in the '13-14 financial year increased to €154M, marking "the highest one-season figure in league history and confirming profit for the second consecutive year," according to Juan Jimén ...

Tags: Europe, Finance

Swansea Could Receive U.S. Investment

EPL side Swansea City Club Dir Huw Cooze said that the club "could receive American investment as early as next month," according to Phil Blanche of WALES ONLINE. The club has "been in talks with American businessmen John Jay Moores and Charles Noell since last autumn with the former owners of the ...

Tags: Finance, United Kingdom

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