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Source: Saudi Arabian Prince Expected To Make 'Significant Investment' In Endeavor

Published in SportsBusiness Daily Global on 01 / 17 / 18

Endeavor, the holding company for WME, PBR, UFC and IMG, is "poised to get a significant investment from Saudi Arabian Crown Prince Muhammed bin Salman," according to Donnelly & Waxman of THE WRAP. Bin Salman has been "seeking to open up Saudi Arabia to new forms of industry." The investment "wo...

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Tags: Asia, Finance

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Finance Notes

A 10% increase in ticket income from Royal Ascot week last year "helped produce cantering profits growth at the company which runs the event." Ascot Authority (Holdings) reported pre-tax profits of £5.1M for '16, up by 16%. AAH "paid down" more than £10M of debt in the year, red ...

Tags: Finance, United Kingdom

Vijay Mallya Dismisses Sale Talks

Formula 1 team Force India co-Owner Vijay Mallya "dismissed speculation of a possible sale of his team to Australian David Brabham" or former F1 CEO Bernie Ecclestone, according to Alan Baldwin of REUTERS. Mallya said that he remained in it "for the long haul despite his legal problems with the Indi ...

Tags: India, Finance

ASC, AIS Allocate More Than A$120M

Para sport, winter sport and national women’s teams received significant boosts in high performance funding as the Australian Sports Commission and Australian Institute of Sport announced the Australian government’s investment of almost A$122M ($92M) in national sporting organizations fo ...

Tags: Finance, Australia

Dhawan Tops Kohli In BCCI Pay List

Indian cricket Captain Virat Kohli is "among the highest grossers in endorsement deals, but his share of the tax-free spoils from the gross revenue of BCCI" from int'l games in '15-16 is "slightly lower" than that of his Delhi and India teammate, Shikhar Dhawan, according to the PTI. While Dhawan h ...

Tags: Finance, Asia

Inquiry Could Force Southampton Sale

Premier League side Southampton Owner Katharina Liebherr "has become embroiled in an investigation by the German tax authorities which could increase the pressure on her to sell the club," according to Matt Hughes of the LONDON TIMES. The public prosecutor's office is reportedly "investigating ...

Tags: Finance, United Kingdom

Cristiano Ronaldo Remains Highest-Paid

Forbes on Wednesday released its annual ranking of the world’s 100 highest-paid athletes. The top 100 earned a total of $3.11B over the last 12 months, a slight decrease from last year's earnings of $3.15B. Endorsement income also experienced a bit of a decline, down 4% to $887M this year. ...

Tags: Finance

Barcelona Defends Qatar Airways Deal

Amid "controversial alleged illegalities" concerning the club's deal with Qatar Airways, Barcelona issued a statement to "defend the absolute legitimacy" of the deal that ran from '10-16, according to MARCA. Barcelona said that it earned a total of €171M for six years and broke down the su ...

Tags: Europe, Finance

Takeover Could Save Ilkeston, Chair Says

Northern Premier League side Ilkeston Chair Nigel Harrop insisted a pending takeover "could yet save" the club from liquidation, according to the BBC. Harrop plans to "appeal against a High Court winding-up order," issued on Monday, to "push ahead with a deal with All Eight Sports Management." Harro ...

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Palermo Reportedly Faces Bankruptcy

The Palermo, Italy, prosecutor's office reportedly "opened a preliminary investigation" which could lead to relegated Serie A club Palermo being declared bankrupt, according to FOOTBALL ITALIA. The team ended the Serie A season "in chaos," with President Maurizio Zamparini stepping down and Spo ...

Tags: Europe, Finance

English Clubs Could Break Spending Record

There is "much to mull over" with England's 20 top-flight clubs heading toward "breaking their own spending record" of £1.17B in last year's window when £155M "changed hands on a frantic final day," according to Neil Robinson of REUTERS. Further riches have "since flowed into the world's ...

Tags: Finance, United Kingdom

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