Featured Story

SAP Co-Founder Dietmar Hopp To Become Majority Owner Of TSG Hoffenheim

Published in SportsBusiness Daily Global on 12 / 19 / 14

SAP co-Founder Dietmar Hopp "is expected to become the majority owner of Bundesliga side TSG Hoffenheim" in '15, according to the SID. The German Football League (DFL) on Thursday confirmed that Hopp "will be allowed to take over the majority ownership on July 1." Hopp is therefore avoiding the so-c...

Read More

Tags: Franchises, Europe

More Stories

07/18/14
F1 Shareholders To Split $1B Payout

Investors in F1 are to share a $1B payout through a "refinancing that will pave the way for a future change of control of the sport," according to Mark Kleinman of SKY NEWS. F1 parent company Delta Topco is "arranging a deal known as a dividend recapitalisation which involves increasing a company's ...

Tags: Finance, United Kingdom

07/18/14
Lord's Emphasizing Food, Beverage Sales

In the run-up to Thursday's second Test match between England and India, the "kitchen and bar staff at Lord's Cricket Ground were looking a lot busier than the groundsmen," according to Roger Blitz of the FINANCIAL TIMES. It is "entirely in keeping with the home of cricket, a game built around break ...

Tags: Finance, United Kingdom

07/18/14
Sports Direct In Peace Talks With Adidas

Sportswear retailer Sports Direct and adidas have "held talks about the sale of replica football shirts after the German sports brand refused to supply the high street retailer with key World Cup products," according to Graham Ruddick of the London TELEGRAPH. Adidas CEO Herbert Hainer is "understood ...

Tags: Finance, United Kingdom

07/17/14
Wall Street: ManU Most Valuable Team

Shares of ManU "surged almost 5%" after the club announced its new, $130M a year kit deal with adidas , according to Mike Ozanian of FORBES. Wall Street "now affords" ManU an enterprise value of $3.6B. Math: market value ($3.05B) + long term debt ($613M) – cash ($57M). In April, Forbes "v ...

Tags: Finance, United Kingdom

07/17/14
Caterham F1 Cuts More Than 40 Staff

The Caterham F1 team has "laid off more than 40 staff as their new owners seek to reduce costs," according to Andrew Benson of the BBC. Among the departures are Deputy Technical Dir Jody Eggington and Head of Track Operations Gerry Hughes. Caterham "refused to comment on the development, which is ex ...

Tags: Europe, Finance

07/17/14
Fan Group To Take Ownership Of Plovdiv

Bulgarian football club Lokomotiv Plovdiv Owner Konstantin Dinev will "transfer his shares in the club to a supporters group who will not only take over ownership but also the day-to-day running of the business and playing departments," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. Th ...

Tags: Finance, Europe

07/17/14
Sports Direct's Ashley Walks Away

Sportswear retailer Sports Direct Founder Mike Ashley has "pulled out of a contentious bonus scheme that gained the approval of Sports Direct shareholders just two weeks ago," according to Andy Sharman of the FINANCIAL TIMES. Ashley, who owns EPL side Newcastle United and "holds the unusual role of ...

Tags: Europe, Finance

07/16/14
Hertha Berlin To Receive $6.8M Windfall

Bundesliga side Hertha Berlin will reportedly get a €5M ($6.8M) windfall, according to Katharina Metag of BILD. A wealthy businessman from Hong Kong "is reportedly interested in investing in the club." Talks between the businessman and the club "are reportedly well advanced." The club generated ...

Tags: Finance, Europe

07/16/14
World Cup Helps GVC To Record Quarter

Thanks to "strong growth in all its territories and a fillip from the World Cup," sports betting and gaming group GVC Holdings reported "record trading for a second successive quarter," according to Nick Wilson of the FINANCIAL TIMES. The "Aim-listed company reported on Tuesday that its total net ga ...

Tags: Finance, United Kingdom

07/15/14
Cup Victory To Improve German Economy

Research institute Prognos AG said that the reward from the German Football Federation (DFB) -- it paid each of Germany's players $408,000 -- for "bringing the prize to Berlin is a small price to pay compared with the filip the German economy may get" as the victory draws shoppers to the "Made in Ge ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug