Featured Story

U.K. Football Gambling Worth $1.4B In Year To September, Industry Figures Show

Published in SportsBusiness Daily Global on 05 / 26 / 17

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'...

Read More

Tags: Finance, United Kingdom

More Stories

England Refuses To Make Concessions

England is "refusing to make big financial concessions" to its "cash-strapped southern hemisphere rivals" and will oppose the idea of sharing the "vast revenues" generated by autumn Twickenham internationals, according to Robert Kitson of the London GUARDIAN. Rugby Football Union CEO Ian Ritchi ...

Tags: Finance, United Kingdom, Australia

Evergrande Gets Back To Property Market

Evergrande, China’s second-largest property developer, is selling $400M of non-core assets "as it reverses a strategy of diversification embarked upon just a few years ago as the mainland property market cooled," according to Weinland & Lockett of the FINANCIAL TIMES. The "highly indebted ...

Tags: Finance, China

Nike To Post Weak Results On Home Court

After "weak results on the home court, Nike is playing defense in North America," according to Miriam Gottfried of the WALL STREET JOURNAL. The sportswear brand’s revenues in the region "decelerated during its fiscal fourth quarter ended May, coming in flat year over year." Even after "ad ...

Tags: Finance, United Kingdom

Durham Facing Points Deduction, Relegation

Durham County Cricket Club, the longest standing club in Division One of the County Championship, is "facing the possibility of a points deduction being applied" to its final tally from the recently concluded season that could result in its relegation, according to Ali Martin of the London GUARDIAN. ...

Tags: United Kingdom, Finance

Citic Group Close To Celta Vigo Takeover

Chinese business group Citic Group is "concluding its move to become a majority shareholder " in La Liga side Celta Vigo by purchasing the majority shareholding owned by club President Carlos Mouriño, according to MARCA. Mouriño holds a 52.26% stake in the club through Grupo Corp ...

Tags: Europe, Finance

Footy Friday To Cost Victoria A$1B

Employers "have warned that a public holiday introduced by the ­Andrews government" for the day before the Australian Football League grand final will cost the Victorian economy as much as A$1B ($760M), according to Ewin Hannan of THE AUSTRALIAN. Hazeldene’s Chicken on Monday said that th ...

Tags: Australia, Finance

BCCI Says IPL Worth $4.5 Billion

The Board of Control for Cricket in India claimed that the Indian Premier League brand is worth $4.5B, according to Gaurav Gupta of CRICBUZZ. In its annual report for '15-16, the BCCI mentioned that this "staggering figure" for "cricket's biggest brand" was calculated by valuation appraisal fir ...

Tags: Finance, India

Liberty's F1 Takeover Faces Roadblock

Liberty Media’s takeover of Formula 1 is facing a "potential roadblock" after a senior European politician has written to anti-trust authorities asking them "to step in and investigate" an alleged conflict of interest at the heart of the deal, according to Christian Sylt for AUTOWEEK. The ...

Tags: Europe, Finance

Karlsruhe Reports €2.2M Profit

Second Bundeliga club Karlsruhe SC "released its financial results for the past year in which it recorded a €2.2M profit," according to the DPA. The new figures show that the club was able to increase its profit by almost €2M ($2.5M) after generating a profit of only €341,000 during t ...

Tags: Finance, Europe

Mike Ashey Takes CEO Role

Retailer Sports Direct, which is "trying to mend its battered image," named its billionaire founder and controlling shareholder Mike Ashley as CEO on Friday after Dave Forsey quit the role, according to James Davey of REUTERS. Forsey, "who has been with the firm for 32 years, resigned as CEO on ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug