Featured Story

Anzhi Makhachkala Is Russia's Most Profitable Club, While Champ Zenit Loses $86M

Published in SportsBusiness Daily Global on 07 / 29 / 15

Last year’s massive selloff of players made FC Anzhi Makhachkala Russia’s most profitable football club in '14, while other squads, including champion Zenit, were in the red. Anzhi's net profits amounted to 4.2B rubles ($69.7M), according to Russian accounting and analytical data base SP...

Read More

Tags: Finance, Russia

More Stories

12/19/14
Australia To Overturn Tax On Yearlings

The Australian breeding industry "has been given a huge boost on the eve of one of its biggest sales," according to Adam Pengilly of the CANBERRA TIMES. The Australian Tax Office is set to "overturn a controversial tax on horses bought in this country with a view to exporting." The GST, "which was o ...

Tags: Finance, Australia

12/18/14
Dresden Increases Stadium Rent Subsidy

German 3rd League football club Dynamo Dresden and the city "have found a solution regarding the city's subsidy toward the club's stadium rent," according to the MDR. The city council decided "to increase its subsidy toward stadium rent" to €1.5M ($1.9M) annually. The increase represents a reli ...

Tags: Finance, Europe

12/18/14
Real's Rodriguez Signing Paying Dividends

Colombian James Rodríguez is "not only profitable for Real Madrid because of his performance and minutes played," according to Óscar Zárate of MUNDO DEPORTIVO. His "signing this summer continues to be fruitful" for Real President Florentino Pérez, whose construction firm ...

Tags: Finance, Europe, South America

12/18/14
Lille Records $20.2M Loss In '13-14

Ligue 1 side Lille "recorded a new deficit of more than" €16M ($19.8M) on the ’13-14 season, according to L’EQUIPE. The club’s ‘13-14 accounts were validated Wednesday during the annual board of directors meeting. The financial situation of the club has become “obj ...

Tags: Finance, Europe

12/18/14
ManU To Spend $612M On Three Players

ManU's "spending frenzy over the last 12 months" will see the club spend £391.2M ($612.3M) on "just three deals once the full cost of signing Juan Mata, Angel Di Maria and Luke Shaw is taken into account," according to Simon Rice of the London INDEPENDENT. A study has calculated the "true cost ...

Tags: Finance, United Kingdom

12/18/14
Osasuna President Defends Club

Spanish second division side Osasuna President Luis Sabalza said that he is "very calm" over an anonymous complaint presented to the European Union about the "Ley Foral" that "approved of the restructuring of the club's tax debt," according to the EFE. Sabalza, "who took over as president a week ago ...

Tags: Europe, Finance

12/18/14
Russia Confident Despite Financial Unease

Russian Football Union President Nikolay Tolstykh said that Russia "considers no plans to give up the 2018 FIFA World Cup, despite an easy financial situation in the country caused by the ruble's slump," according to ITAR-TASS. Tolstykh: "The issue of Russia’s refusing to host the World Cup is ...

Tags: Finance, Russia

12/18/14
Chinese Brand Li Ning's Shares Tumble

Chinese sportswear brand Li Ning's shares tumbled 8% to "close at their lowest in a decade after the troubled Chinese sportswear brand announced moves to raise" up to $220M in an "open offer of shares," according to Waldmeir & McGee of the FINANCIAL TIMES. The Hong Kong-listed company plans to o ...

Tags: Finance, Asia

12/17/14
Sky's Shares Hit By EPL Rights Fears

The battle for Premier League football rights "has kicked off and fears that Sky will be on the losing side" sparked "the heaviest fall in its shares in almost five months" on Monday, according to Ben Martin of the London TELEGRAPH. The auction for rights to the three seasons from Aug. '16 began on ...

Tags: Finance, United Kingdom

12/17/14
Sources: Puma Listening To Buyout Offers

Puma's controlling shareholder Kering has "explored a sale of the German sportswear maker as efforts to revive the brand drag into a fifth year," according to sources cited by Kirchfeld, Nair & David of BLOOMBERG. The sources said that the Paris-based Kering "contacted potential buyers earlier t ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug