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Scottish League Cup Winners To Receive $263,000 In Prize Money This Season

Published in SportsBusiness Daily Global on 07 / 26 / 16

The winners of this season's Betfred Cup will pocket £200,000 ($263,000) in prize money, according to Colin Paterson of the Scotland DAILY RECORD. Details of how the £1.8M ($2.4M) prize pot "will be broken down" was revealed on Monday. A "significant six-figure sum is on offer to the tea...

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Tags: Finance, United Kingdom

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North Queensland Cowboys In Legal Dispute

National Rugby League and premiership-winning side North Queensland Cowboys have launched a legal bid to put one of its "major sponsors into liquidation" after it defaulted on a six-figure deal, according to Vanda Carson of the Brisbane COURIER-MAIL. Murarrie-based company Brisclean had its company ...

Tags: Australia, Finance

Abramovich Gifts Putin $35M Yacht

Chelea Owner Roman Abramovich gave Vladimir Putin a $35M yacht in one of dozens of acquisitions through which the Russian president "has amassed a vast covert fortune," according to Roland Oliphant of the London TELEGRAPH. The "remarkable allegations come as a top American official openly accused Pu ...

Tags: Finance, Russia

Saracens Retains Most Indebted Club Title

Debt levels at Premiership side Saracens "have soared again," rising from £41.6M ($59.4M) to £45.1M ($64.3M) to extend its own unwanted record of being "the most indebted club in rugby history," according to Nick Harris of the London DAILY MAIL. The club, believed but never confirme ...

Tags: Finance, United Kingdom

Finance Notes

Sports Direct "led the rebound" on Friday as the FTSE 100 closed out its first positive week of '16. Having "nearly halved" since early December, Sports Direct bounced 6% to 422p. Exane BNP Paribas "helped the rally with a note arguing that the pessimism had gone too far." Exane said, "The U.K. busi ...

Tags: Finance

Leaks Site Helps FIFA Regulate Trades

FIFA’s Global Transfer Market Report said that the market for global football player transfers reached $4.2B in '15, up 2.6% from the year before and "largely attributed to the wealthy clubs in the English Premier League," according to Tariq Panja of BLOOMBERG. In discussing the growth of ...

Tags: Europe, Finance

Ironman Acquires Lagardère S&E Endurance Unit

Tampa Bay, Fla.-based triathlon operator Ironman is "invading the market for bike races," and Thursday announced the acquisition of the endurance-athletics arm of Lagardère Sports & Entertainment, according to Kevin Helliker of the WALL STREET JOURNAL. The Hamburg-based division operates ...

Tags: Finance

Real, Barça, ManU Top Rich List

ManU has dropped a place to third in the Deloitte rich list behind Real Madrid and Barcelona, but Deloitte indicated the club "could claim" the No. 1 position next year for the first time in more than a decade, according to Jamie Jackson of the London GUARDIAN. ManU's revenue of €520M ($56 ...

Tags: Finance

FA Loses $14M In One-Off Hit

The FA has taken a one-off £10M ($14.2M) hit because of its redundancy and restructuring program but "claims its latest accounts show it is better positioned for the future than it has been for decades," according to Owen Gibson of the London GUARDIAN. During a period "in which a str ...

Tags: Finance, United Kingdom

Infront Acquires Stake In Omnigon

Switzerland-based marketing company Infront Sports & Media has struck a deal to acquire a controlling 51% equity interest in digital media consultancy Omnigon, expanding on a strategic partnership announced in October. The deal calls for Omnigon to function in part as a North American unit of In ...

Tags: Finance, Europe, North America

ManU Would Lose 50% Of Martial Transfer Profit

French Ligue 1 side AS Monaco stands to receive a "huge sell-on fee" if ManU offloads Anthony Martial before the close of the '18 summer transfer window, according to James Ducker of the LONDON TIMES. Details leaked this week of the transfer agreement between Monaco and ManU for Martial reveal the " ...

Tags: Finance, Europe

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