Featured Story

AC Milan Majority Shareholder Reportedly Doubles Investment To $225M

Published in SportsBusiness Daily Global on 09 / 30 / 16

AC Milan’s prospective new majority shareholder Li Yonghong has "reportedly doubled his investment" from €100M ($112M) to €200M ($225M) as talks with Paolo Maldini are lined up, according to FOOTBALL ITALIA. Corriere della Sera reported club GM Marco Fassone wants Maldini to "spearhe...

Read More

Tags: Finance, Europe, China

More Stories

09/14/16
Williams Reports Mid-Year Numbers

Williams Grand Prix, the parent company of British F1 team Williams, released its interim results Tuesday, showing group revenue grew to £80M ($105.5M) in the first six months to June 30. The group, which also includes Williams Advanced Engineering, was able to increase its revenue by almost & ...

Tags: Finance, United Kingdom

09/14/16
Yao Capital Invests In Glory Sports

Yao Capital, a 2B yuan ($299M) private equity firm founded by former NBA player Yao Ming, has led an undisclosed series B financing round in Glory Sports Int'l and "acquired a significant stake in the company," according to Nina Xiang of CHINA MONEY NETWORK. Cable TV and broadband company Liberty Gl ...

Tags: Finance, China

09/14/16
Burlywood Capital Snags The Football Pools

The Football Pools, the world’s oldest football betting company, is "set to be sold by Sportech to Burlywood Capital, a private equity company," for just under £100M ($132M), according to John Murray Brown of the FINANCIAL TIMES. Sportech, the London-listed gambling and entertainment gro ...

Tags: Finance, United Kingdom

09/13/16
ManU Heads For Top Of Finance League

ManU "has become the first British football club to earn more than half a billion pounds in a year, buoyed by large increases in television revenues that have helped its finances soar despite less-than-stellar performances on the pitch," according ...

Tags: Finance, United Kingdom

09/12/16
German Cup Final Generates $10M

The German FA (DFB) generated close to €9M ($10.1M) with this year's DFB-Pokal (German Cup) final, according to Holger Rehm of SPONSORs. The figure means the DFB "has been able to almost double the event's revenue over the past six years."  This year's final generated €8.794M ($9 ...

Tags: Finance, Europe

09/12/16
Lions To Receive $92,800 Each

The British and Irish Lions’ players are set to receive £70,000 ($92,870) each "as their basic tour fee for the tour of New Zealand next year" -- a 40% rise on the £50,000 they were paid for the tour of Australia in '13, according to Steve James of the London TELEGRAPH. In addition ...

Tags: Finance, United Kingdom

09/12/16
Premiership Freezes Salary Cap At $9.3M

The Premiership Rugby salary cap "will be frozen" at £7M ($9.3M) between '18 and '20 following two seasons of "rapid inflation," according to Alex Lowe of the LONDON TIMES. The limit was increased for this season by £1M ($1.3M) to £6.5M ($8.6M), with the introduction of a second ma ...

Tags: Finance, United Kingdom

09/09/16
F1 Teams To Have Chance To Invest

Formula 1 teams "will be given the chance to buy a stake in their sport for the first time under the terms of the takeover," according to Kevin Eason of the LONDON TIMES. Details reveal that several teams "have already approached Liberty Media wanting to take shareholdings" after the global med ...

Tags: Europe, Finance

09/09/16
Former Liverpool Player Eyes China

Former Liverpool striker Michael Owen’s "latest business venture is a far cry from the traditional life of the retired football star," according to Ben Bland of the FINANCIAL TIMES. Owen and his business partner, fellow former England and Liverpool player Mark Wright, have set up a Liverp ...

Tags: Finance, Asia

09/09/16
Aussie Cricketers Set To Rake In $53M

They may have lost the Ashes and "suffered a whitewash at the hands of the seventh-ranked Sri Lankan side," but Australia’s cricketers "are still set to rake in a bonus" of almost A$70M ($53.4M) at the end of the financial year, according to Peter Lalor of THE AUSTRALIAN. Australian cricket "i ...

Tags: Finance, Australia

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug