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In Grip Of Youth Movement, FIA Looks To Makes F1 Cars Harder To Drive

Published in SportsBusiness Daily Global on 09 / 30 / 14

The FIA is "examining ways of making F1 cars harder to drive," according to Kevin Eason of the LONDON TIMES. As 17-year-old Max Verstappen prepares to make his F1 debut in Friday's free practice ahead of the Japanese Grand Prix, the racing organization is afraid his appearance "will underline fearsw...

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Tags: Leagues and Governing Bodies, Europe

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Heineken Organizers Withhold Payment

Premiership Rugby has accused European Rugby Cup Ltd. of "being in breach of contract after the Heineken Cup organisers again voted to withhold the February instalment of payments that it owes to all participating clubs," according to Alex Lowe of the LONDON TIMES. The English clubs are owed £ ...

Tags: Finance, United Kingdom

Finance Notes

The U.K.'s largest sportswear retailer, Sports Direct Int'l PLC, Wednesday "reported an 11.2% rise in sales" for the 13 weeks ended Jan. 26, helped by a strong online performance, and said that "it is confident of achieving its full year earnings target." Sports Direct, which has around 400 stores i ...

Tags: Finance

SSV Ulm Agrees To Deal With Investor

German fourth-tier football club SSV Ulm "has agreed to a cooperation with an investor from Abu Dhabi," according to Adrian Bohrdt of SPOX. It has been reported that the club "has entered a partnership with player agency MKI Sports Int'l Group." Ulm spokesperson Volkhard Stütz "confirmed that a ...

Tags: Finance, Europe

India Sports Gets Marginal Budget Hike

India's Ministry of Youth Affairs & Sports "got a marginal hike" of around Rs 12 crore ($1.9M) in the interim budget for '14-15 presented by Finance Minister P. Chidambaram in Parliament, according to the PTI. In his interim budget presented in the Lok Sabha, Chidambaram allocated Rs 1,093 crore ...

Tags: Finance, India

Liga MX Atlas Members Seeking Answers

Following a meeting where Liga MX Atlas' financial figures were revealed, "10 club members did not accept the figures" given by Atlas President Eugenio Ruiz Orozco, which indicated that the club's debt had increased by 94M pesos ($7.1M), according to Rigoberto Juárez of LA AFICION. After ...

Tags: Finance, North America

NRL Banks Close To $45M Under Smith

The National Rugby League has banked almost A$50M ($45M) in the first year under CEO Dave Smith’s leadership, "riding high on a much-improved television deal and booming sponsorship," according to Josh Massoud of the SUNDAY TELEGRAPH. Club CEOs "were informed of the record result" on Friday - ...

Tags: Finance, Australia

Arsenal Half-Year Turnover Up 28%

Arsenal announced half-year turnover of £136M from football activities on Friday, making its "lack of transfer business in January all the more difficult to understand," according to Tom Hayward of REUTERS. The figures covered the six months to Nov. 30 "and represent a 28 percent rise." The ...

Tags: Finance, United Kingdom

Real Madrid's Roster Earning $252M

Real Madrid's current 23-man roster will earn a combined €183.9M ($251.9M) for the '13-14 season, a club record, according to Óscar Zárate of MUNDO DEPORTIVO. Carlo Ancelotti, the highest-paid coach in La Liga, will make an additional €15.5M ($21.2M). Cristiano Ronaldo is the ...

Tags: Finance, Europe

Wimbledon Debenture Holders Make Profit

Wimbledon debenture holders "have been laughing all the way to the bank," according to Paul Newman of the London INDEPENDENT. One of the current holders recently sold a '11-15 debenture -- which cost £27,750 ($46,500) and gives the owner one Centre Court ticket for every day of the Championsh ...

Tags: Finance, United Kingdom

Brazilian Court Rejects Santos Injunction

A Brazilian court has rejected an injunction brought by Neymar’s former club Santos requesting access to "all the documents relating to the player’s controversial transfer to Barcelona last summer," according to Dermot Corrigan of ESPN. Santos announced that the club had "taken legal a ...

Tags: Finance, Brazil

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