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Flamengo Responsible For Two Highest-Grossing Games In Brazil In '17

Published in SportsBusiness Daily Global on 04 / 28 / 17

According to the latest sales figures for the 60 Brazilian football teams that compete in the country's top three tiers, Rio de Janeiro-based Brasileiro side Flamengo "has the distinction of having the two highest grossing games" of '17 so far, according to Nelson Belen of the RIO TIMES. The to...

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Tags: Finance, Brazil

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Livingston Owners Accept Offer For Stake

The majority shareholders of Scottish League One side Livingston "have accepted, in principle," an offer for the purchase of their stake in the club, according to the BBC. The shareholding is currently held by Livingston 5 Ltd. The club said that the offer is "from a company led by John Ward and mem ...

Tags: Finance, United Kingdom

CAA Inks Deal With Li Ruigang

Creative Artists Agency is "teaming up with Chinese media mogul Li Ruigang to create a new media and entertainment venture in China," according to Shannon Bond of the FINANCIAL TIMES. CAA China will be majority-owned by CAA in partnership with Li's China Media Capital. CMC will also make a "sma ...

Tags: Finance, Asia

Lander Scraps Plans To Buy Southampton Stake

Chinese consortium Lander Sports Development said on Monday that it "scrapped plans to buy a stake " in Premier League side Southampton, "blaming unspecified policy changes amid a crackdown by Beijing on overseas investments," according to the AFP ...

Tags: Asia, Finance, United Kingdom

EPL To Announce £312M Loss

The Premier League is "set to announce a record loss after new accounting rules and the declining value of sterling forced it to declare the cost of protecting itself from the currency risk attached to its lucrative TV contracts," according to Ahmed, Blitz & Stafford of the FINANCIAL TIMES. The ...

Tags: Finance, United Kingdom

Italian Football Relying On China

Italian football is "sticking to its game plan to pull itself out of a steady decline: keep passing the ball to China," according to Pollina & Jourdan of REUTERS. Serie A is "likely for the first time to sell a separate Chinese package of media rights to try to maximise revenues," a source close ...

Tags: Finance, Europe

AOC Releases Annual Report

Australian Olympic Committee President John Coates received a A$40,000 pay raise last year, part of A$300,000 in "extra remuneration for senior AOC figures," according to the AAP. The figures contained in the 2016 AOC annual report, made public on Wednesday, will be "ammunition" for Danni Roche, who ...

Tags: Australia, Finance

Chinese Investors In Talks To Buy Brentford

A consortium led by Chinese-American investor Chien Lee, who owns French football club Nice, is in talks to buy a stake in League Championship side Brentford in what would be the "latest China-linked investment" in a European football team, according to Ben Bland of the FINANCIAL TIMES. Lee previous ...

Tags: Finance, Asia, United Kingdom

AC Milan Sold For €740M

Serie A side AC Milan has been sold for €740M ($786M) to a Chinese-led consortium "in what marks the biggest-ever Far East investment in a European club," according to Samuel Lovett of the London INDEPENDENT. Former Italian PM Silvio Berlusconi on Thursday finalized his "troubled" sale of ...

Tags: Europe, Finance

Lions To Share $3.3M If It Wins Series

The British & Irish Lions squad "will share a record jackpot" of more than £2.6M ($3.3M) if Warren Gatland’s side records a first series victory over New Zealand since '71, according to Gavin Mairs of the London TELEGRAPH. Of that figure, each player will receive a bonus of £10 ...

Tags: Finance, New Zealand

Finance Notes

Scottish Premiership side Rangers Chair Dave King "will be taken to court after he flouted an order" to make a mandatory £11M ($13.8M) buyout offer for shares in the club's holding company. King was "facing another high-profile battle against the authorities after defying the Takeover ...

Tags: Finance

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