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Survey Reveals Man City Is Highest Paid Team Globally, Five EPL Clubs Rank In Top 20

04 / 16 / 14

Man City is the highest paid team in global sport, according to Sportingintelligence’s Global Sports Salaries Survey for '14, compiled in association with ESPN The Magazine. The average first-team pay at Man City has been calculated at £5.3M ($8.8M) per year, or £102,653 ($170,000)...

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Tags: Finance

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07/10/13
Adidas Stock Up 1.7%

Adidas "enjoyed a winning Monday" as Europe's stock markets rebounded higher, according to Stephen Smith of the FINANCIAL TIMES. Financial services group Credit Suisse previewed second-quarter results for the region’s luxury and sporting goods groups, and said that adidas "remained the top pic ...

Tags: Finance, Europe

07/09/13
Caja Segovia Leaving First Division

Spanish indoor football club Caja Segovia has announced that it "will not compete at the highest level of Spanish indoor football after it did not find the economic resources necessary to form a new project," according to the EP. The club said in a statement, "After 32 years, the most prize-winning ...

Tags: Europe, Finance

07/09/13
Atlas President Demands Transformation

Liga MX Atlas President Eugenio Ruiz Orozco "announced the urgent need to transform the club's structure," according to INFORMADOR. Ruiz Orozco: "I wish things were not like this, but the players are right, this organization has not covered payments from May, June and this part of July, in addition ...

Tags: Finance, North America

07/09/13
Hong Kong Jockey Club Reveals $12B Haul

The Hong Kong Jockey Club has revealed a season turnover high of HK$92B ($12B) with one meeting left, according to Alan Aitken of the SOUTH CHINA MORNING POST. The "high-water mark for turnover" came in '96-97 at HK$92B before a decade of post-handover decline, but the resurgence since betting duty ...

Tags: Asia, Finance

07/08/13
U.K. To Speed Tax Breaks For Athletes

Int'l sports stars such as Novak Djokovic, Tiger Woods and Usain Bolt "could benefit from fast-track tax exemptions when they compete in the U.K., under legislation being drawn up by ministers," according to Roger Blitz of the FINANCIAL TIMES. Primary legislation on major sports events "is being pla ...

Tags: Finance, United Kingdom

07/08/13
Espanyol Projecting $64.2M Budget

La Liga side Espanyol will have a budget of €50M ($64.2M) for next season, according to Juan Terrats of EL PERIODICO. Espanyol Economic VP José Luis Morlanes on Friday explained the club's economic figures, which represent one of the 10 highest budgets in La Liga. Espanyol is "confident ...

Tags: Europe, Finance

07/08/13
Lionel Messi Could Owe Spain $11M

Lionel Messi's lawyers Cristóbal Martell and Ángel Juárez on Friday established their first contact with the Spanish government's Office of Financial Crimes to work on resolving the fraud charges Messi and his father are facing, according to Jesús G. Albalat of EL PERIODI ...

Tags: Europe, Finance

07/04/13
Perform Close To Acquiring Opta

U.K.-based digital media outfit Perform has reached a proposed deal to purchase Opta Sports, a London-based sports data provider. Opta Sports works with hundreds of major European sports entities, including the EPL, La Liga and the Dutch Eredivisie, to provide data and analytics both on a consumer-f ...

Tags: Finance

07/04/13
Mallorca Cuts Budget Following Relegation

Spanish second division side Mallorca on Wednesday confirmed that it will reduce its budget for its roster from €22M ($28.6M) to €9M ($11.7M) to prepare for next season, and it will "extend this measure of decreased spending to each of the club's departments," according to the EFE. Mallorc ...

Tags: Finance, Europe

07/03/13
Deportivo La Coruña Given Ultimatum

Spanish second division side Deportivo La Coruña now "runs the real risk of disappearing," according to Luis De La Cruz of AS. The club's bankruptcy administrator, AD Cryex, has given an ultimatum to Deportivo President Cesar Augusto Lendoiro. The ultimatum gives Lendoiro 15 days to sign an a ...

Tags: Finance, Europe

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