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 'Fergie Factor' Worth $1.5B Seven F1 Teams Can't Afford New Engines
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Borussia Dortmund Shares Unlikely To Profit From Potential Champions League Victory05 / 23 / 13The publicly traded shares of Champions League finalist Borussia Dortmund on the Frankfurt Stock Exchange are unlikely to gain a lasting boost from a potential victory in Saturday’s final. Deloitte Sport Business Group Expert Jan Kremer told SBD Global, "On-field success, even if Do... |
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Finance Notes
Newspaper Il Sole 24 reported AS Roma President James Pallotta said that the Italian club plans to "delist its shares that are publicly traded." Pallotta, also the managing director at Boston-based Raptor Capital Management LP, bought control of the team with a group of U.S. investors last year. H ...
Tags: Finance
Billabong Awaits TPG Decision
Billabong investors "face a nervous wait to see whether suitor TPG will abandon or revise lower its potential A$695M ($708M) bid for the retailer," according to Michael Bennet of THE AUSTRALIAN. TPG expressed "concerns" during due diligence, and analysts have warned of a "further sharp sell-off in i ...
Brisbane Posts $2M Loss For 2012
Australian Football League club Brisbane Lions are set to post a loss of more than A$2M ($2.1M) in '12, as the club "continues to battle the impact of on-field results and a tough market," according to Jake Niall of THE AGE. The Lions, who lost nearly $1.9M in '11, will announce a deficit greater th ...
TPG Could Walk Away From Billabong
Surfwear company Billabong "hosed down rumors that U.S. private equity fund TPG was ready to walk away from talks on a proposed A$694M ($710M) takeover after a heavy share sell-off slashed its market value by almost a quarter," according to Blair Speedy of THE AUSTRALIAN. However, more than six week ...
Growth For Sportingbet In Australia
Bid target Sportingbet "highlighted growth in its market-leading Australian gambling business" on Wednesday, the main attraction for suitor William Hill, Britain's largest bookmaker, according to Keith Weir of REUTERS. The online gambling company said earlier this week that "a £350M ($564.8M) ...
Record Financial Results For Welsh Rugby
The Wales rugby union team, which just won the Six Nations grand slam in '12, has led the national association to "its best financial results in its 131-year history," according to Graham Ruddick of the London TELEGRAPH. The Welsh Rugby Union Ltd. said revenues rose 16% to £63.2M ($102M), whil ...
Tags: Finance, United Kingdom
Sportingbet Wants William Hill To Up Bid
Online gambling firm Sportingbet said a £350M ($565M) offer approach by bookmaker William Hill and GVC Holdings "significantly undervalues" it, according to Rosalba O'Brien of REUTERS. Sportinbet, however, "left the door open for a higher bid." It had received a takeover approach at 52.5 pence ...
Tags: Finance, United Kingdom
JJB Sports Goes Into Administration
More than 2,000 jobs "are to be lost at JJB Sports, after the sports goods retailer plunged into administration on Monday," according to Andrea Felsted of the FINANCIAL TIMES. Sports Direct , controlled by Mike Ashley, "is taking only 20 of the chain’s 180 stores as part of a roughly" £ ...
Tags: Finance, United Kingdom
Shares Rise For Chinese Sports Retailers
Shares of mainland China-focused sportswear companies jumped up to 10.7%, according to Celine Sun of the SOUTH CHINA MORNING POST. Sportswear retailers "made a strong rebound on the stock market" Friday with investors "betting they were likely to be among the first consumer-related sectors to recove ...
