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MTG Achieves Fifth Consecutive Quarter Of Increased Revenues, As Esports Grows 49%

Published in SportsBusiness Daily Global on 10 / 20 / 17

MTG achieved its "fifth consecutive quarter of growth," according to Julian Clover of BROADBAND TV NEWS. The entertainment company is "seeing increased revenues" from new markets such as esports and the "more traditional linear broadcasting." MTG President & CEO Jørgen Madsen Lindemann sa...

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Tags: Europe, Finance

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Report Shows EPL Revenue Growth

Premier League clubs' revenues increased to a new record of £3.6B in '15-16, according to Deloitte. Wage costs increased 12% to £2.3B, resulting in combined operating profits (excluding player trading, net interest charges and the amortization of player contracts) of &poun ...

Tags: Finance, United Kingdom

Livingston Owners Accept Offer For Stake

The majority shareholders of Scottish League One side Livingston "have accepted, in principle," an offer for the purchase of their stake in the club, according to the BBC. The shareholding is currently held by Livingston 5 Ltd. The club said that the offer is "from a company led by John Ward and mem ...

Tags: Finance, United Kingdom

CAA Inks Deal With Li Ruigang

Creative Artists Agency is "teaming up with Chinese media mogul Li Ruigang to create a new media and entertainment venture in China," according to Shannon Bond of the FINANCIAL TIMES. CAA China will be majority-owned by CAA in partnership with Li's China Media Capital. CMC will also make a "sma ...

Tags: Finance, Asia

Lander Scraps Plans To Buy Southampton Stake

Chinese consortium Lander Sports Development said on Monday that it "scrapped plans to buy a stake " in Premier League side Southampton, "blaming unspecified policy changes amid a crackdown by Beijing on overseas investments," according to the AFP ...

Tags: Asia, Finance, United Kingdom

EPL To Announce £312M Loss

The Premier League is "set to announce a record loss after new accounting rules and the declining value of sterling forced it to declare the cost of protecting itself from the currency risk attached to its lucrative TV contracts," according to Ahmed, Blitz & Stafford of the FINANCIAL TIMES. The ...

Tags: Finance, United Kingdom

Italian Football Relying On China

Italian football is "sticking to its game plan to pull itself out of a steady decline: keep passing the ball to China," according to Pollina & Jourdan of REUTERS. Serie A is "likely for the first time to sell a separate Chinese package of media rights to try to maximise revenues," a source close ...

Tags: Finance, Europe

AOC Releases Annual Report

Australian Olympic Committee President John Coates received a A$40,000 pay raise last year, part of A$300,000 in "extra remuneration for senior AOC figures," according to the AAP. The figures contained in the 2016 AOC annual report, made public on Wednesday, will be "ammunition" for Danni Roche, who ...

Tags: Australia, Finance

Chinese Investors In Talks To Buy Brentford

A consortium led by Chinese-American investor Chien Lee, who owns French football club Nice, is in talks to buy a stake in League Championship side Brentford in what would be the "latest China-linked investment" in a European football team, according to Ben Bland of the FINANCIAL TIMES. Lee previous ...

Tags: Finance, Asia, United Kingdom

AC Milan Sold For €740M

Serie A side AC Milan has been sold for €740M ($786M) to a Chinese-led consortium "in what marks the biggest-ever Far East investment in a European club," according to Samuel Lovett of the London INDEPENDENT. Former Italian PM Silvio Berlusconi on Thursday finalized his "troubled" sale of ...

Tags: Europe, Finance

Lions To Share $3.3M If It Wins Series

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Tags: Finance, New Zealand

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