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Major League Soccer Expands Footprint Through International TV Deals

Published in SportsBusiness Daily Global on 03 / 31 / 15

After signing four-year multimedia deals with Sky Sports and Eurosport in recent weeks, Major League Soccer "is eyeing additional deals around the globe, including in Latin and South America, Africa, and Asia," according to Ian Thomas of SPORTSBUSINESS JOURNAL. MLS Business Ventures President/Managi...

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Tags: Media, North America

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Hong Kong Expecting Funding Increase

Hong Kong can expect a "bumper" 100% increase in funding from the Int'l Cricket Council, which announced its "biggest-ever global broadcast deal" estimated to be worth more than $2B, according to Alvin Sallay of the SOUTH CHINA MORNING POST. Hong Kong Cricket Association Secretary John Cribbin said, ...

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Osnabrück Reports €137K Loss For '13-14

German 3rd League football club VfL Osnabrück "has released its financial numbers for the '13-14 season," according to the NEUE OSNABRÜCKER ZEITUNG. The club reported a loss of €137,000 during the '13-14 season. It originally calculated with a loss of €765,000, but income of &eur ...

Tags: Finance, Europe

Fernandes Calls For F1 To Curb Spending

Former Caterham F1 Owner Tony Fernandes said that there will "never be room for small teams like Caterham in F1 unless there’s a reduction in spending throughout the grid," according to Mike Wise of SKY SPORTS. Fernandes said on Wednesday that outfits like Caterham, "which he sold at the end o ...

Tags: Finance, Europe

Tax Authorities Eyeing Spanish Players

Spain's tax authorities are "increasing the pressure on football in systematic fashion, not only on the clubs, but also on players," according to Orfeo Suárez of EL MUNDO. Independently of the Neymar and Lionel Messi cases, the tax authorities are now "carrying out a widespread inspection to ...

Tags: Europe, Finance

FIFA's Koch Denies Cup Cost Brazil $14B

FIFA Corporate Communications Manager Alexander Koch claimed staging this summer's World Cup cost FIFA "three times more than it did Brazil," according to Ben Rumsby of the London TELEGRAPH. Koch "rubbished figures" suggesting the host nation spent $14B putting on this summer's tournament, a "r ...

Tags: Finance, Brazil

Freiburg Reports Record Profits For '13-14

Bundesliga side SC Freiburg "has released its financial numbers for the '13-14 season, in which the club generated record profits," according to the SID. Freiburg announced at its annual general meeting that it generated a profit of €12.8M during the previous season, "largely due to its Europa ...

Tags: Finance, Europe

BBC Study Finds Prize Money Discrepancy

A BBC Sport study found that men earn "more prize money than their female counterparts in 30% of sports," according to the BBC. The "biggest differences in prize money were found in football, cricket and golf." U.K. Sports Minister Helen Grant said, "There is a gap, it needs to be closed but it's no ...

Tags: Finance, United Kingdom

La Liga Valencia Reduces Its Budget

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World Cup Title Results In $5.7M Profit

Germany's fourth World Cup title "has not only been a sporting success but also from a financial standpoint," according to the SID. The German Football Federation (DFB) has generated a profit of €4.5M ($5.7M) due to its triumph in Brazil. The federation originally calculated a profit of €3 ...

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Marussia Goes Into Administration

The struggling Marussia F1 team has "followed rivals Caterham into administration and will miss this weekend's U.S. Grand Prix, administrators FRP Advisory LLP said in a statement on Monday," according to Alan Baldwin of REUTERS. The move "will leave just nine teams and 18 cars on the starting grid ...

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