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Legia Warsaw Considering Public Offering On Warsaw Stock Exchange

04 / 23 / 14

Polish first division football club Legia Warsaw "could launch an initial public offering" on the Warsaw Stock Exchange in the few next years, according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. Legia Warsaw majority shareholder Dariusz Mioduski said that the IPO "is one of the considered opti...

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Tags: Finance, Europe

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08/04/13
Sports Drink Maker To Join AIM

Sports drink maker Science in Sports, which supplies Olympic athletes and has Gold Medalist Chris Hoy as a brand ambassador, "is poised to join AIM this week," according to Andrea Felsted of the FINANCIAL TIMES. The company will debut on the London Stock Exchange's junior market on Friday "when it d ...

Tags: Finance, United Kingdom

08/02/13
Thiriez Fears Effect Of French Tax

French Football League (LFP) President Frederic Thiriez has insisted that the proposed new 75% tax rate for millionaires in the country could bring about "the death of football in France," according to SOCCEREX. Thiriez has claimed that "clubs in Ligue 1 would struggle desperately to compete with Eu ...

Tags: Europe, Finance

08/02/13
Spanish Club Deportivo Avoids Relegation

Spanish second division side Deportivo La Coruña "will compete in the second division this season after being saved when players withdrew their demands for overdue payments just before Wednesday night's deadline," according to the EFE. The solution "arrived in time for the club to avoid rele ...

Tags: Europe, Finance

08/01/13
Spanish Side Mirandés Avoids Relegation

Spanish second division side Mirandés has "assured it will remain in the second division" after covering the amount of capital demanded by the Spanish Superior Sports Council (CSD) and completing its conversion to an Anonymous Sports Society (SAD) minutes before the deadline, according to EL ...

Tags: Europe, Finance

07/31/13
F1's Formula For Financial Success

Christian Sylt is the co-author of "Formula Money," an annual report examining all aspects of F1's finances, with "detailed data on teams, drivers, sponsors and races," according to Knight & Torre of CNN. Here, he "answers key questions about F1's financial model." Q: How well is F1 ...

Tags: Finance, Europe

07/31/13
Battle For Control Of Hearts Continues

The "hard negotiating" has begun to determine whether Scottish Premier League Heart of Midlothian "can continue to exist in its current form," according to Barry Anderson of the SCOTSMAN. All three offers for the Edinburgh club "have been rejected," and one bidder, HMFC Ltd., "is out of the running. ...

Tags: Finance, United Kingdom

07/31/13
LFP: Murcia Will Replace Guadalajara

The Spanish Football League (LFP) has confirmed that Guadalajara has been relegated from the second division to the third division -- second division B -- for "irregularities in the club's process of becoming an Anonymous Sports Society (SAD)," according to Sergi Font of MARCA. At the LFP General As ...

Tags: Europe, Finance

07/30/13
Racing Victoria CEO Calls Viability Key

Racing Victoria CEO Bernard Saundry said that "market forces rather than a move to rationalize training licenses in Victoria will see training businesses continue to decline in the next 10 years," according to Michael Sharkie of THE AGE. Debate has "raged in recent weeks about the pressure of debt o ...

Tags: Finance, Australia

07/29/13
CVC Trims Borrowing Costs For F1 Loan

Private equity firm CVC has refinanced a $2.5B loan with the Royal Bank of Scotland and Goldman Sachs to reduce the borrowing costs of F1, "the motorsport series which it controls," according to Christian Sylt of the London TELEGRAPH. F1's debt was not close to its maturity date, "but CVC refinanced ...

Tags: Finance

07/26/13
Carlos Slim World's Richest Club Owner

Mexican business tycoon Carlos Slim is the world's richest football club owner, according to a new list that includes investors and features teams from 11 countries, suggesting the worldwide appeal of sports clubs as a trophy asset for the ultra wealthy. Slim's America Movil bought a 30% stake last ...

Tags: Finance, North America

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