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Staveley Says Reuben Brothers Were Among Co-Investors In Failed Newcastle Bid

Published in SportsBusiness Daily Global on 01 / 19 / 18

A "major British family investor," the first to be named by businesswoman Amanda Staveley as a financial backer of her £250M ($347.3M) bid to buy Premier League side Newcastle United, said that it is no longer "planning to invest in the club,...

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Chelsea Tops EPL Prize Money

Chelsea’s Premier League title victory earned the club almost £151M ($195M) "in prize cash," with official figures released on Wednesday showing it "pocketed" £150,811,183 ($194.4M) "from central funds alone," according to Nick Harris of the London DAILY MAIL. The money comes "prim ...

Tags: Finance, United Kingdom

Huddersfield Town Players Receive £4M

Huddersfield Town players will "receive a bonus pool" of £4M ($5.2M) to share between them as a "reward for the club winning promotion to the Premier League for the first time," according to Matt Hughes of the LONDON TIMES. The club is "expected to make at least" £185M ($238.2M ...

Tags: Finance

British & Irish Lions Is Top Brand

The British & Irish Lions is "not only one of the biggest sporting names in rugby union," it is also "arguably" its premier commercial brand, according to Bill Wilson of the BBC. This weekend, the squad kicks off its tour of New Zealand, the first since '05. Each Lions tour "generates milli ...

Tags: Finance, Europe

ManU Valued At €3B By KPMG

A KPMG report revealed ManU is the "most valuable football club in Europe," worth about €3B ($3.4B), according to Bill Wilson of the BBC. The Europa League winner tops KPMG's analysis of top sides' "enterprise value," putting it ahea ...

Tags: Finance, Europe

ACBDA Likely To Come In Under Budget

Bermuda's total financial commitment to the America's Cup is "likely to come in significantly below" the $77M "envisaged three years ago," the latest projections revealed, according to Jonathan Bell of the ROYAL GAZETTE. In particular, the Bermuda government's $25M guarantee against commercial spons ...

Tags: Finance, North America

CA Reveals BBL Has Lost $33M

Cricket Australia revealed the "runaway success" of the Big Bash League lost A$33M ($25M) over its first five years and has not been the "cash cow many believe," according to Russell Gould of the HERALD SUN. The expected revenue to be pulled in by the next TV deal for the "exploding" Twenty20 t ...

Tags: Finance, Australia

Yao Capital Aims To Raise $250M

Yao Capital, the Chinese private equity firm co-founded by former NBA player Yao Ming, said that it aims to raise $250M "for its first U.S. dollar fund that will invest in overseas sports assets with relevance to the Chinese market," according to Julie Zhu of REUTERS. Yao Capital co-Founder & CE ...

Tags: Asia, Finance

U.K. Football Gambling Worth $1.4B

U.K. gambling on football was worth a record £1.4B to bookmakers in a year, the most recent industry figures show, according to the BBC. Bookmakers also made record profits of £333.4M from football bets, according to Gambling Commission data for Oct. '15 to Sept. '16. Football' ...

Tags: Finance, United Kingdom

Championship Final Offers $375M Prize

On Monday, League Championship sides Huddersfield Town and Reading "will battle it out for what is considered the most valuable match in world football," according to SKY SPORTS. Promotion to the Premier League for either club "will see an uplift in revenue" of at least £170M ($220M), ris ...

Tags: Finance, United Kingdom

ManU's Win Immediately Impacts Stock

Shares in ManU rose Wednesday as the club's Europa League final victory against Dutch side Ajax in Stockholm "guaranteed a place" in the Champions League next season, according to Joe Easton of BLOOMBERG. The Dutch club "dropped the most in a year in early Amsterdam trading Thursday." TV r ...

Tags: Finance, Europe, United Kingdom

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