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ManU Tops European Football Rich List, Knocking Off Real Madrid

Published in SportsBusiness Daily Global on 01 / 20 / 17

ManU may have "lost its place at the summit of the English Premier League in recent years, but it has returned to the top of the annual ranking of Europe’s richest football clubs for the first time in more than a decade," according to Murad A...

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Spanish Side Hércules Reveals Financials

Spanish third division side Hércules' shareholders approved of the team's '15-16 financials, according to the EFE. Hércules recorded losses of €6.8M after the European Commission ordered the team to pay back €6.9M to the Valencian Institute of Finance. The team woul ...

Tags: Europe, Finance

ACB Club Joventut On Verge Of Liquidation

Spanish Basketball League (ACB) club Joventut "could enter liquidation within two months," according to Josep Margalef of AS. The team's economic situation "has made its situation unsustainable." On Tuesday, club President Jordi Villacampa announced that in March he will resign from his role, which ...

Tags: Finance, Europe

OL Receives First Chinese Investment

OL Groupe, the holding company that controls Ligue 1 side Olympique Lyonnais, announced that it received the first €30M ($31.2M) “promised by its new Chinese investors,” according to L’ÉQUIPE. The IDG European Sports I ...

Tags: Finance, Europe

Sports Direct Sells Dunlop For $137M

Sports Direct is "selling Dunlop, the sportswear brand known for its green flash tennis shoes, to a Japanese buyer in a surprise" $137.5M deal, according to Zoe Wood of the London GUARDIAN. Sumitomo Rubber Industries confirmed that "it will acquire the trademark rights of the Dunlop brand overseas, ...

Tags: Finance

Finance Notes

The  Uganda Cranes  are " facing a financial crisis " as the team embarks on its 2017 Africa Cup of Nations campaign in Gabon -- the team's first appearance at the finals in 39 years. Uganda FA Head of Finance Decolas Kiiza said that they are "still waiting for a cash-advance which th ...

Tags: Finance

Kim Shin-Wook Tops K League Best Paid

K League side Jeonbuk Hyundai Motors striker Kim Shin-wook was the "highest paid domestic player" in the league this season, according to Baek Byung-yeul of the KOREA TIMES. The K League released a list of players' salaries, "which includes performance clauses, incentives and real salaries, of ...

Tags: Finance, Asia

Puji Capital Invests In Esports

Puji Capital is continuing its support and investment holdings in global digital media and entertainment companies by making a strategic investment into the esports industry. The Asia-based investment company on Wednesday made an announcement of its latest investment into aXiomatic, an esports owner ...

Tags: Asia, Finance

Argentine Clubs React To Missed Payment

Argentine football clubs "expressed their concern with the delayed payments" from the Argentine FA Normalization Committee, which had agreed to pay 350M Argentine pesos ($22M) in December, according to OLÉ. The clubs said in a statement, "The first division clubs signing this statement w ...

Tags: Finance, United Kingdom

Nike Reports Strong Quarterly Revenue

Nike reported "better-than-expected" quarterly revenue and profit, and indicated "a rebound in its basketball category," according to Sruthi Ramakrishnan of REUTERS. The company's shares were up 1.7% at $52.67 in after-market trading on Tuesday. Nike's basketball business "has come un ...

Tags: Finance

Nike's Stock Posts Underwhelming Results

Nike is "one of only two blue-chip stocks that are down" in '16, and it is the "worst performer, off 19% this year and down by roughly one-quarter since peaking" in Nov. '15, according to Steven Russolillo of the WALL STREET JOURNAL. The worry is that "changing fashion trends and intensifying compet ...

Tags: Finance

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