Featured Story

Bayern Munich Announces Record-Breaking Revenue Of €641M In '16-17

Published in SportsBusiness Daily Global on 10 / 24 / 17

Bayern Munich announced "record-breaking revenue" of €640.6M for the '16-17 season and post-tax profits of €39.2M, which represented an 18.6% increase from the previous season, according to Jason York of BAVARIAN FOOTBALL WORKS. CFO Jan-Christian Dreesen said that Bayern's elimination...

Read More

Tags: Europe, Finance

More Stories

04/27/17
French Open Increases Prize Money

Roland Garros Dir Guy Forget announced the grand slam tournament’s prize money was increased for all players, according to Xavier Condamine of the AFP. Forget wants to reduce the financial disparities between “modest” and “big” tennis players. The general allocation of ...

Tags: Europe, Finance

04/27/17
Finance Notes

India’s Supreme Court ruled that Formula 1 World Championship Ltd . has a permanent establishment in India and "as such income accruing from it should be taxable." In a "long-standing" case, India’s apex court upheld Delhi High Court’s decision to tax three F1 races held in ...

Tags: Finance

04/26/17
Levy On Bookmakers Comes Into Force

Horse racing on Monday entered a "new era" as a levy on bookmakers came into force, according to the LONDON TIMES. From Tuesday, bookies will have to pay 10% of their gross profits from racing from all betting operators, "whether operating on or off course, on or off shore." The changes mean that th ...

Tags: Finance, United Kingdom

04/26/17
ACBJ Acquires Full Interest In Leaders

American City Business Journals, parent company of SportsBusiness Journal/Daily/Global, has acquired the remaining 50% interest in London-based Leaders that it did not own. ACBJ acquired an initial 50% in Leaders in Aug. '14 . Leaders produces sports business summits in London and N.Y. and will be ...

Tags: Finance, North America, United Kingdom

04/26/17
Puma Off To Strong Start In Americas

Puma, which sponsors Usain Bolt, said on Tuesday that its businesses in the Americas and Europe "had a strong start to the year," according to James Shotter of the FINANCIAL TIMES. The German sportswear group said earlier this month that it had made an operating profit of €70M ($76.5M) in ...

Tags: Finance, Europe, North America

04/26/17
Ferguson Earns £6M Through Retirement

Former ManU Manager Alex Ferguson may have retired from management but he is still "raking in the cash" after his personal company made more than £6M in profits last year, according to Marc Isaacs of the London DAILY MIRROR. Ferguson "finally called it a day" in May '13, but he is "still earni ...

Tags: Finance, United Kingdom

04/25/17
Five-A-Side Football Operators Talk Merger

Great Britain's biggest five-a-side football operators "revived talks" over a potential £170M ($217.4M)-plus merger, according to Dominic Walsh of the LONDON TIMES. Goals Soccer Centres confirmed that it is in "preliminary discussions" with Powerleague, its private equity-backed rival, about a ...

Tags: Finance, United Kingdom

04/25/17
Sports Direct Breaks Into U.S. Market

Sports Direct "snapped up" U.S. sports clothing and outdoor equipment chains Bob's Stores and Eastern Mountain Sports in a $101M deal, according to the BBC. The deal gives Sports Direct "about 50 stores selling sports and casual wear and camping equipment." Mike Ashley's chain said that the "footpri ...

Tags: Finance, United Kingdom, North America

04/24/17
Coventry City Owner Dismisses Bids

Relegated League One side Coventry City owner Sisu dismissed two bids for the club as "derisory," according to the BBC. The club confirmed that two bids were made to the London-based hedge fund by a consortium led by former Coventry City Vice-Chair Gary Hoffman. But it insisted that "there have been ...

Tags: Finance, United Kingdom

04/24/17
European Clubs See Opportunity In China

Barcelona President Josep Maria Bartomeu is "out to impress" China President Xi Jinping as Barcelona "joins a lengthening list of European football clubs investing in China" to help fulfill Xi's "ambitious plans for a sporting revolution," according to Ben Bland of the FINANCIAL TIMES. On a recent t ...

Tags: Asia, Europe, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug