Eccelstone Case Disrupting Sale Of F1 Lim To Help Atlético Pay Mediapro Debt 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
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Bernie Ecclestone's Bribery Case Seen As Disruptive To CVC's Plan To Sell F105 / 24 / 13CVC Capital Partners Ltd.’s plan to hold an initial public offering of F1 "may be hurt by a bribery investigation" involving F1 CEO Bernie Ecclestone, according to Alex Duff of BLOOMBERG. Ecclestone "is negotiating an accord" known as the “Concorde Agreement” through '20 with teams... Tags: Finance |
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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 ...
Nike Orders In China Down
Nike reported "a fall in new orders in China, and said it would revamp its strategy in the country as investor concern over its performance sent its shares down," according to Barney Jopson of the FINANCIAL TIMES. The company said on Thursday that new orders from its greater China region, including ...
Sports Direct To Buy JJB Sports Stoes
Retailer Sports Direct is set to buy up to 60 JJB Sports retail stores, "safeguarding at least 1,000 jobs at the struggling chain," according to Felsted & Thompson of the FINANCIAL TIMES. Newcastle United Owner Mike Ashley, who founded Sports Direct, will buy the stores for £30M ($49M). Th ...
Tags: Finance, United Kingdom
Study: Bundesliga Success Not Money Related
A German university study "revealed that success in the football Bundesliga has only a marginal correlation with the budget of an individual club," according to the SID. This is the finding of a study at the Macromedia University for Media and Communication in Stuttgart, Germany, which "evaluated th ...
F1 Postpones Singapore Flotation
F1 CEO Bernie Ecclestone has revealed that the much-anticipated $10B flotation of his high octane motorsport series "will not take place until market conditions improve," according to Sylt & Reid of the London TELEGRAPH. F1 "was expected to list in Singapore, but the IPO never got the green ligh ...
Ashley's JJB Takeover In Jeopardy
Newcastle United Owner Mike Ashley’s bid to rescue JJB Sports stores from closure "is in jeopardy after an eleventh-hour spat with adidas," according to Andrea Felsted of the FINANCIAL TIMES. Ashley's Sports Direct and adidas "are at loggerheads over the price at which it would take JJB’ ...
Tags: Finance, United Kingdom
Handball Champions League Bonuses
The European Handball Federation "will pay bonuses of €3.3M ($4.2M) to the 24 Champions League participants," according to the DPA. Almost "a third of the bonuses will be paid to the four clubs that reach the Final Four," which will be played on June 1-2 in Cologne, Germany. Each of the 24 CL c ...
Hannover In Talks With Possible Investor
German Hockey League (DEL) club Hannover Scorpions "is in talks with Russian businessman Sergey Egorov about a possible stake in the club," according to the DPA. Egorov, who owns construction and oil company Arcticmorgeo, "allegedly arrived in Hannover Monday for a second round of talks." Scorpions ...
Schalke Releases Its Mid-Year Numbers
Bundesliga club Schalke 04 "released its mid-year financial numbers, which showed the club generated €77.9M ($100.5M) in revenue," according to the SID. Over the same time period last year, Schalke "generated revenue of €134.8M." The drastic decrease is due to "reduced income from player t ...
