Featured Story

Russia's Kontinental Hockey League Will Announce Profit For The First Time

Published in SportsBusiness Daily Global on 05 / 27 / 15

The Kontinental Hockey League was in the black for the '14-15 season, the first time the league has turned in a profit since it was formed in '08. A KHL spokesperson told SBD Global that the exact profit figure is to be announced at an annual shareholders meeting next month, but it is already known ...

Read More

Tags: Finance, Russia

More Stories

05/13/15
Debt Collectors Sent To NRL Side Manly

Warringah Council has "engaged debt collectors to retrieve a six-figure sum" from National Rugby League side Manly "after the bottom-placed club refused to pay their hiring fees for Brookvale Oval," according to Adrian Proszenko of the SYDNEY MORNING HERALD. Manly is in arrears in its payments for t ...

Tags: Finance, Australia

05/13/15
ASADA Drops $600,000 Pursuing Essendon

The Australian Sports Anti-Doping Authority has suffered a A$750,000 ($599,200) operating loss in its "fight to pursue" Australian Football League side Essendon over the "alleged abuse of banned drugs," according to John Ferguson of THE AUSTRALIAN. ASADA revealed the operating loss on Tuesday, "blam ...

Tags: Australia, Finance

05/12/15
QPR In Standoff With Football League

EPL side Queens Park Rangers "have refused to back down in their stand-off with the Football League" over the threat of being issued with a fine of up to £57.9M ($90.2M) for "possible breaches of spending limits last season," according to Gary Jacob of the LONDON TIMES. The west London club on ...

Tags: Finance, United Kingdom

05/11/15
Lewis Hamilton, Mercedes In Deadlock

Lewis Hamilton and Mercedes F1 "are in deadlock over his new contract," according to Jonathan McEvoy of the London DAILY MAIL. Hamilton is demanding €200M ($224M) over three years, "a figure that would put him on a par with Sebastian Vettel at Ferrari as the highest-paid driver on the grid." Bu ...

Tags: Finance, United Kingdom

05/11/15
Inter Milan, AS Roma Agree To FFP Fines

UEFA said in a statement on Friday that Ligue 1 side Monaco and Serie A clubs Inter Milan and AS Roma "have all agreed to pay fines and reduce the size of their squads in European competition" after breaking Financial Fair Play rules, according to Brian Homewood of REUTERS. UEFA added that the trio ...

Tags: Finance, Europe

05/11/15
EPL Investors Double Clubs' Value

A decade after the "most bitterly opposed football club takeover the English game has known, the foreign investors in the country's clubs have collectively more than doubled the value of those clubs," according to Nick Harris of the London DAILY MAIL. In the Premier League and Championship combined, ...

Tags: Finance, United Kingdom

05/08/15
Lagardère Unlimited Acquires UFA Sports

Sports management agency Lagardère Unlimited on Thursday announced its acquisition of UFA Sports, the European-based sports marketing subsidiary of RTL Group founded in '08. With this purchase Lagardère reinforces its football and media assets, especially in Europe, and expands its por ...

Tags: Europe, Finance

05/08/15
Real Madrid Is World's Most Valuable

Football teams "have been scoring much richer television and sponsorship deals," according to Mike Ozanian of FORBES. As a result, the 20 most valuable football teams in the world are worth an average of $1.16B, 11% more than last year and 84% higher than five years ago. The performance "would ...

Tags: Finance, Europe

05/08/15
Yao Ming Expanding Wine Business

Former NBA player Yao Ming is "within reach of his goal" to get $3M from crowdfunding to "expand his wine business," according to Zheng Xin of CHINA DAILY. Napa Valley's Yao Family Wines started the campaign to expand his wine business on March 2, "including the building of a visitor center in Napa ...

Tags: Finance, Asia

05/08/15
Consortium Plots $229M Aston Villa Bid

The future of EPL side Aston Villa was "shrouded in further intrigue" on Thursday with the revelation that former Chelsea and IMG exec Paul Smith is "believed to be fronting a consortium that wants to take over the club," according to Teddy Cutler of the LONDON TIMES. Smith's group, Halo, is reporte ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug