Featured Story

National Rugby League Clubs Face $735,000 Broadcast Cash 'Black Hole'

Published in SportsBusiness Daily Global on 06 / 28 / 16

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...

Read More

Tags: Finance, Australia

More Stories

01/04/16
Rugby Transfer Market Worrying Directors

New Year's Day was the "official start point for Premiership clubs to be permitted to approach rival teams' players who are out of contract this summer," according to Hugh Godwin of the London INDEPENDENT. A "vibrant, well-regulated transfer market has the potential to increase interest in the game. ...

Tags: Finance, Europe

12/31/15
Leicester Spent Just $1M On Wages

Premier League side Leicester City has "just been edged from the top of the Premier League table on goal difference by Arsenal but Claudio Ranieri's expectation-busting side remain No 1 for value this season," according to Nick Harris of the London DAILY MAIL. No other club in England's top flight i ...

Tags: Finance, United Kingdom

12/30/15
Adidas CFO Addresses New Investors

Adidas CFO Robin Stalker said that the company "is not facing pressure to trim its portfolio beyond the sale of footwear brand Rockport and several golf labels," despite the recent arrival of three big activist shareholders, according to James Shotter of the FINANCIAL TIMES. Over the course of ...

Tags: Finance, Europe

12/30/15
A-League Clubs Running Out Of Time

As the New Year's Eve deadline looms for A-League club player payments "to be brought up to date, the four clubs in question have been scrambling to sort out their finances," according to Sebastian Hassett of the SYDNEY MORNING HERALD. Earlier in the month, it was reported that Adelaide United, ...

Tags: Australia, Finance

12/29/15
Texas Governor Cuts Funding To U.S. GP

Just days before Texas Governor Greg Abbott decided to cut the funding for the Formula One auto race which takes place in his state, he reportedly made the revelation that it “pumps hundreds of millions of dollars into our economy,” according to Christian Sylt for FORBES. F1 "has been ra ...

Tags: Finance, North America

12/29/15
Businessmen Buy 22% Stake In Sea Eagles

The "cashed-up" National Rugby League side Manly Warringah Sea Eagles are "officially back after two prominent Sydney businessmen splashed out" A$5M ($3.6M) to acquire a 22% share in the club, according to Dean Ritchie of the Sydney DAILY TELEGRAPH. In a "massive financial fillip" for the club, Gary ...

Tags: Finance, Australia

12/28/15
Singles Day Lifts Nike's Profit In China

Nike made more profit in China than Western Europe in its most recent quarter, "partly due to a dramatic increase in online sales" in the country and the "Singles Day" phenomenon, according to Shona Ghosh of MARKETING MAGAZINE. Singles Day is a holiday in China dedicated to unmarried individual ...

Tags: Finance, Asia

12/28/15
Bournemouth Faces Sanctions

EPL side Bournemouth could be hit with a "large fine" after overspending in its pursuit of promotion to the top flight last season, according to Gary Jacob of the LONDON TIMES. The club lifted the League Championship trophy last season and has made a "promising start" to its inaugural campaign ...

Tags: Finance, United Kingdom

12/23/15
Portuguese Club Ordered To Pay $13M

One of European football's "most prominent clubs" has been ordered to pay €12M ($13.1M) "to an investment fund after losing a lawsuit at the top court in international sports," according to to Tariq Panja of BLOOMBERG. Sporting Clube de Portugal, an 18-time national champion known as Sporting L ...

Tags: Finance, Europe

12/22/15
China Sports Expects To Reach $1.1T

The Chinese sports sector is expected to expand to 7T yuan ($1.1T) by '25, "2 trillion more than the central government's 5 trillion target," according to He Lanying of YUTANG SPORTS. That is according to the local governments, after they reported their goals for their sports sectors. Earlier this m ...

Tags: Finance, China

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug