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Premier League Reveals '14-15 Revenue Distribution; Chelsea Leads With £99M Payout

Published in SportsBusiness Daily Global on 07 / 02 / 15

The Premier League has the most equitable revenue distribution of any major league in Europe, with the ratio of top to bottom earning clubs at just 1.53:1. The EPL's appeal is created from the collective strength and equitable distribution of broadcast revenues. The mechanism for distributing this r...

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AFL Players To Pocket Tax Breaks

Australian Football League players will "pocket tax breaks on their football income under an image rights deal ticked off by the Australian Taxation Office," according to Michael Warner of the HERALD SUN. Changes to the league's player contract rules will "allow players to divert" up to 30% of their ...

Tags: Australia, Finance

Petrolul Ploiesti Files For Insolvency

Romanian football club Petrolul Ploiesti has "filed for insolvency" as its financial base has become "unstable following the arrest of its owners and management," according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. The side is "representative of a wider trend plaguing Romania's football, with ...

Tags: Finance, Europe

Russia Coach Capello Paid Owed Wages

Arsenal shareholder Alisher Usmanov has stepped in with an "emergency loan" so that Russia can pay national team coach Fabio Capello 400M rubles ($6M) in "back wages," according to Alec Luhn of the London GUARDIAN. The country's "richest man," a mining magnate worth an estimated $14B according to Fo ...

Tags: Finance, Russia

Caterham F1 Team Assets Up For Auction

As F1 decides whether to save one bankrupt team, "another appears to have given up the fight finally," according to Kevin Eason of the LONDON TIMES. Administrators running Caterham "have put the team’s assets up for auction, including the remaining race equipment and factory machinery." The &l ...

Tags: Finance, United Kingdom

Newcastle Jets Face Insolvency Action

The NSW Office of State Revenue "has taken insolvency action to wind up" A-League side Newcastle Jets over unpaid debts, according to Page & Keeble of the SYDNEY MORNING HERALD. The news comes just days after Owner Nathan Tinkler publicly declared that creditors were "getting paid as we speak" a ...

Tags: Finance, Australia

Titans Founder Ready To Sell Shares

National Rugby League side Gold Coast Titans Founder Michael Searle "is set to sever his last links with Gold Coast rugby league, with the former Titans boss ready to sell" his A$4.4M ($3.4M) shareholding in the club he helped create, according to Peter Badel of the COURIER-MAIL. Searle "has advised ...

Tags: Finance, Australia

RFEF Ordered To Return $9.1M

Spain's Superior Sports Council (CSD) will require the Spanish Football Federation (RFEF) to return €8M ($9.1M) "from the 1% of the revenue from quinielas -- a football-based Spanish lottery game -- that the Federation has received" from '10-13, according to Marco Ruiz of AS. The RFEF was order ...

Tags: Europe, Finance

Sky's Adjusted Operating Profit Up 16%

Sky's highest customer growth in the U.K. in "nearly a decade" helped the satellite broadcaster post a 16% rise in adjusted operating profit in its first results since its £5B acquisition of Sky Italia and Sky Deutschland, according to John Plunkett of the London GUARDIAN. The pay-TV company, ...

Tags: Finance, United Kingdom

Rory McIlroy Reaches $25M Settlement

Rory McIlroy is to pay his former agents about $25M to settle a "bitter dispute over his career and finances, in one of the biggest out-of-court agreements in Irish legal history," according to Vincent Boland of the FINANCIAL TIMES. The 25 year-old world No. 1 and Horizon Sports Management, which ha ...

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Debt Threatens Sofia's European License

Bulgarian football club Levski Sofia "has announced debts" amounting to BGN 1.7M ($1M) to Dec. 31, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The amount must be "cleared by March this year, to allow the club to acquire a license for next season and compete in European competition." ...

Tags: Finance, Europe

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