Featured Story

Big Spending By Premier League Clubs Transforming Playing Field Throughout England

Published in SportsBusiness Daily Global on 08 / 31 / 16

The "real story of the explosion of spending power" in English football in '16 is "not even told" by ManU breaking the world transfer record by signing Paul Pogba for £89.3M ($117M), according to Jack Pitt-Brooke of the London INDEPENDENT. The "real story lies in less good players, out of...

Read More

Tags: Europe, Finance

More Stories

02/17/16
Sanjiv Goenka Eyes Foreign Football Team

After venturing into football through the Indian Super League and now the Indian Premier League, industrialist Sanjiv Goenka "is now looking at opening a football academy in Kolkata, and a possible acquisition of an overseas football team," according to Ravi Teja Sharma of the ECONOMIC TIMES. RPSanj ...

Tags: Finance, India

02/17/16
Minister Announces Sport Ireland

Ireland Minister of State for Tourism & Sport Michael Ring announced a comprehensive package for sporting organizations by Sport Ireland, "the newly created agency for the development of sport in Ireland," according to Michael O'Neill of SPORTS NEWS IRELAND. The announcement supports "Irish part ...

Tags: Finance, United Kingdom

02/16/16
St. Quinton Takes Over Gloucester

Martin St. Quinton has become the sole owner of Rugby Premiership club Gloucester after buying the Walkinshaw family's share, according to the BBC. Club vice chair and businessman St. Quinton bought a 25% stake in the Cherry and Whites in '08, and later purchased a further 15%. Tom Walkins ...

Tags: Finance, United Kingdom

02/16/16
Dentsu Forecasts '16 Record Profits

Ad agency Dentsu Inc. forecast record profit this year as the Japan-based agency "expects to benefit from promotions related to the Olympic Games in Rio de Janeiro and for overseas growth, including in China," according to Grace Huang of BLOOMBERG. Operating income will be about 142B yen ($1.2B ...

Tags: Finance, Asia

02/16/16
Hamburg SV Announces Debts Increased

Bundesliga side Hamburg SV published figures "showing a fifth consecutive operating loss" was recorded for the '14-15 financial year, leaving the club with a debt of almost €90M ($100.4M), according to ESPN. A record loss of just short of €17M was made over the course of the '14- ...

Tags: Finance, Europe

02/15/16
Investors Have Eye On Wimbledon Opportunity

The All England Lawn Tennis Club revealed on Friday that "it would put up for sale in April at least 1,000 No. 1 Court" '17-21 debentures -- alongside the Centre Court equivalents for '16-20 -- to raise £25M ($36.3M) toward the "cost of a retractable roof and an extra 900 seats in the champion ...

Tags: Finance, United Kingdom

02/15/16
Crystal Palace Profits Drop

Soaring costs have "taken their toll" on profits at Premier League side Crystal Palace, the club which "recently received an injection of new money" from U.S. investors, according to David Owen of INSIDE WORLD FOOTBALL. With the number of both players/coaches and admin/commercial staff on the Eagles ...

Tags: Finance, United Kingdom

02/12/16
Adidas Expects Rise In Operating Profit

Adidas expects sales and operating profit "to rise faster this year than previously forecast" after it beat targets for '15 as a "big hike in marketing" paid off, according to Emma Thomasson of REUTERS. Adidas said it now expected currency-neutral sales and operating profit to both grow by at l ...

Tags: Finance, Europe

02/12/16
ManU's Revenue Up 26.6% Last Quarter

ManU "may be struggling on the pitch" but its financial performance in the last quarter "was right on target," according to Lewin & Noble of the FINANCIAL TIMES. Revenue rose 26.6% year-on-year to £133.8M ($193.6M) in the three months to December, slightly topping analyst forecasts of &pou ...

Tags: Finance, United Kingdom

02/12/16
Clubs Could Be Asked To Repay State Aid

La Liga clubs Real Madrid, Barcelona, Valencia and Athletic Bilbao "are among the clubs who could be asked to repay state aid wrongly paid out," according to FOOTBALL ESPANA. A report in El País said that the European Competition Commission has been "looking into state aid paid and tax b ...

Tags: Europe, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug