Featured Story

Wycombe Wanderers Clear Debt Owed To Ex-Owner Following Ibe's Sell-On Clause

Published in SportsBusiness Daily Global on 12 / 02 / 16

League Two side Wycombe Wanderers "cleared off a debt in the region of" £1M ($1.26M) to ex-Owner Steve Hayes "through a Jordon Ibe sell-on clause," according to the BBC. Ibe "came through Wycombe's youth ranks" before moving to Liverpool in '12 and joined Premier League side Bournemouth in a C...

Read More

Tags: Europe, Finance

More Stories

06/30/16
Suning Increases Inter's Capital By $269M

Suning increased Inter Milan's capital by €242M ($269M) as it "took over and nominated a new board of directors," according to FOOTBALL ITALIA. The Nerazzurri's new owners "truly got their hands on the steering wheel, and they nominated a new team of directors." The board is now "a mix of ...

Tags: Europe, Finance

06/29/16
Brexit Could Lead To Heavy Spending

Football finance expert Esteve Calzada said that the U.K.'s exit from the European Union could trigger an "aggressive summer of Premier League spending and increased transfer fees," according to Jefferson Lake of SKY SPORTS. The amount British clubs will pay to buy players from abroad "should i ...

Tags: Finance, United Kingdom

06/29/16
NBA Gets First Chinese Minority Owner

NBA Minnesota Timberwolves Owner Glen Taylor will sell two small shares of both the NBA team and the WNBA Lynx in a deal "that will bring the first Chinese owner to the NBA," according to Kent Youngblood of the Minneapolis STAR TRIBUNE. Shanghai-based investor Lizhang Jiang and Meyer Orbach, th ...

Tags: Finance, China

06/28/16
NRL Clubs Facing Cash Blackhole

Cash-strapped National Rugby League clubs are facing a A$1M ($735,000) "black hole in their budgets as the NRL holds off on sharing an advance from the new broadcasting deal until an accord is reached over perpetual licence agreements," according to Brent Read of THE AUSTRALIAN. The NRL has been "at ...

Tags: Finance, Australia

06/28/16
Wales' Euro 2016 Boosts Country's FA

Welsh football is "set for a bumper financial legacy thanks to the success of the national team at Euro 2016," according to Gareth Lewis of the BBC. Wales' progress to the quarterfinals has "netted" the FA of Wales €14M ($15.4M) in prize money so far. It will get another €4M ($4.4M) "if Ch ...

Tags: Finance, United Kingdom

06/28/16
Hamburg Reports €1.875M Loss For '14-15

Bundesliga side Hamburg SV has reported a loss of almost €2M for the '14-15 season. At the club's annual general meeting, Treasurer Ralph Hartmann announced a loss of €1.88M for the year ending June 30, 2015. However, on the operational s ...

Tags: Finance, Europe

06/28/16
IPL Value Jumped To $4.16B

The Indian Premier League has seen an increase in its brand valuation in its ninth season, "as it drew attention of viewers as well as advertisers, according to Laghate & Sharma of the ECONOMIC TIMES. A "relatively" controversy-free tournament and good on field performances "brought the spotligh ...

Tags: Finance, India

06/28/16
Ecclestone Ready To Scrap Bonus Payments

F1 CEO Bernie Ecclestone is "preparing to scrap" more than £150M ($198M) paid to the top four teams to "wipe out inequality in the sport and give the smallest outfits a chance to compete," according to Kevin Eason of the LONDON TIMES. Ecclestone is "secretly preparing to wipe out historic bonu ...

Tags: Finance, Europe

06/27/16
Horse Owners Set To Cash In On Brexit

The Brexit result's "battering" of the pound, which hit a 30-year low, "may have opened the way for potential Australian horse owners to exploit the widening gap in currencies," according to Patrick Bartley of THE AGE. The "once prohibitive price" for English stayers is "now set to become more ...

Tags: Finance, Australia

06/27/16
Chiangrai United To Get Major Revamp

Thai Premier League side Chiangrai United President Miti Tiyapairat announced a "major marketing revamp for the first time in its eight-year history," according to Kwanchai Rungfapaisarn of THE NATION. Tiyapairat said, "The football club has earned about 80 million Thai baht ($2.3M) annually in reve ...

Tags: Finance, Asia

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug