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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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Tags: Finance, United Kingdom

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J.League Sees Revenue Growth

The 18 clubs in the J1 top tier of Japan’s Professional Football League increased revenue by 8% to an average of 3.15B yen ($31.5M) in '12, even as money distributed by the J.League itself fell slightly. J.League spokesperson Yasunori Fujiwara told SBD Global, "Income declined a little from lo ...

Tags: Finance, Japan

Stuttgart Tries To Close Financial Gap

Bundesliga club VfB Stuttgart "has to compensate the partial withdrawal of exclusive partner energy provider EnBW," according to Thomas Näher of the STUTTGARTER ZEITUNG. Club Marketing Dir Jochen Röttgermann "has brushed up the club's sponsorship pool through a large-scale offensive." Howe ...

Tags: Finance, Europe

Debt Of Ligue 1 Teams On The Rise

French football "is still in the red as all Ligue 1 clubs saw its debt increase at the end of last year, compared to the previous season," according to SPORTS. Ligue 1 "continues to show negative financial results." French newspaper Les Echos, which got its hand on the provisional accounts of the Pr ...

Tags: Finance, Europe

Real Madrid Most Valuable Sports Team

Real Madrid "is now the world’s most valuable sports franchise," worth $3.3B, surpassing former No. 1 ManU, according to Kurt Badenhausen of FORBES. Los Blancos "have the highest revenues of any team in sports" ($650M during the '11-12 season), and revenues are up 62% over the last three ...

Tags: Finance, Europe, North America

Football Transfer Spending On The Rise

FIFA reported "the amount of money spent on football transfers has risen sharply in the past six months," although the number of deals has fallen slightly, according to Bill Wilson of the BBC. The number of transfers "fell by 2% in the first six months of 2013," but their total financial value soar ...

Tags: Europe, Finance

English Football Targets Asian Market

Arsenal's tour to Indonesia, Japan and Vietnam "is more significant for the club and football's new breed of business-focused executives than for the fans," according to Ben Bland of the FINANCIAL TIMES. Several top EPL sides "are embarking on their biggest ever preseason tours of Asia as they seek ...

Tags: Finance, Asia, United Kingdom

Spain Gripped By Sport 'Crisis'

Recession-hobbled Spain is "increasingly having to face up to a new reality marked by stinging budget cuts that threaten the country's status as a hive of sporting excellence," according to Rogers & Mora of REUTERS. Elite competitors from athletics and swimming to rowing and gymnastics are "bein ...

Tags: Finance, Europe

Dubai Holding Dissolves Woods Deal

Dubai Holding has confirmed it has “dissolved” its partnership with Tiger Woods, according to Shane McGinley of ARABIAN BUSINESS. The branded golf resort, for which Woods was paid $55.4M to design and promote, "has been permanently scrapped." Dubai Properties Group, a unit of Dubai Holdi ...

Tags: Finance, Middle East

Sauber Has To Find Backers

One of F1’s most historic teams is "facing a countdown to extinction" unless it can find financial backers quickly, according to Kevin Eason of the LONDON TIMES. Sauber admitted Tuesday that it is "in danger of being cut off by suppliers who have not been paid," while it scours the globe for i ...

Tags: Finance, Europe

Grupo Carso Sticking With Real Oviedo

Mexican tycoon Carlos Slim-owned global conglomerate Grupo Carso, the majority shareholder of Spanish third division side Real Oviedo, will not abandon the club, according to LA AFICION. Grupo Carso will maintain its financial investment in the hopes that Real Oviedo can earn promotion to the Spanis ...

Tags: Finance, Europe

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