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German Prosecutors Reveal F1's Bernie Ecclestone Was Blackmailed On Eve Of Trial

04 / 24 / 14

German prosecutors "have made the startling revelation" that they believe F1 CEO Bernie Ecclestone "was blackmailed by former banker Gerhard Gribkowsky," according to Christian Sylt for FORBES. The revelation is surprising "because it reflects Mr Ecclestone’s defence to charges issued by the s...

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Tags: Finance, Europe

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06/19/13
Lotus F1 Sells 35% Of Shares To Infinity

F1 team Lotus, featuring drivers Kimi Räikkönen and Romain Grosjean, has sold 35% of the team's shares to investor group Infinity Racing, according to the EFE. Infinity Racing joins Genni Capital, which controls the majority of the team, and Lotus President Gerard López will remain ...

Tags: Europe, Finance

06/19/13
British Horse Racing Generated £3.5B

British horse racing has had an overall impact of £3.5B on the British economy in '12, according to the "Economic Impact of British Racing 2013" published by the British Horseracing Authority and Deloitte. The figure is only a marginal rise since the last report in '09. However, once inflation ...

Tags: Finance, United Kingdom

06/19/13
Maradona Wins Lawsuit In Shanghai

Former Argentina striker and Manager  Diego Maradona won a 3M yuan ($490,000) lawsuit in Beijing Monday "against two Shanghai firms which used his name and image without permission," according to the SHANGHAI DAILY. The Beijing No. 1 Intermediate People's Court ruled t ...

Tags: Finance, China

06/18/13
I-League Clubs Lose Sponsorship Funds

I-League clubs Mohun Bagan and East Bengal "are up against financial problems," according to Aabhas Sharma of the Indian BUSINESS STANDARD. Both were being sponsored by Indian business magnate Vijay Mallya's UB Group "for the last 15 years." With Mallya's business interests taking a severe hit ...

Tags: Finance, India

06/18/13
New Zealand Football Eyes Sky TV Deal

New Zealand Football hopes that a new broadcast deal with Sky TV "can help produce a self-sufficient business model this year," according to Simon Plumb of FAIRFAX NZ NEWS. NZ Football "has agreed a package deal with Sky, guaranteeing that eight All Whites and six Football Ferns matches will be scre ...

Tags: Finance, Australia

06/18/13
Perform To Buy Sports Data Firm Opta

Sports media business Perform "is in advanced talks to buy" London-based supplier of sports statistics Opta Sports Data, according to Katherine Rushton of the London TELEGRAPH. Opta's venture-capital backer, Albion Capital, is understood "to have put the company up for sale" for around £40M ( ...

Tags: Finance, United Kingdom

06/18/13
Thiago Most Valuable La Rojita Player

According to Transfermarkt, which determines the market value of football players, the Spanish U21 national team's most valuable player is Thiago Alcántara, whose value is €22M ($29.4M), according to Juan Manuel Díaz of SPORT. Per Transfermarkt, Iker Muniain and Isco are both valu ...

Tags: Europe, Finance

06/14/13
Kieran Prior To Buy Stake In Rangers

Private equity firm Pri Arc boss Kieran Prior claims that he is "set to buy a stake" in Scottish Second Division Rangers and "could soon become the Ibrox club’s biggest single shareholder," according to David Gunn of the SCOTSMAN. The Salford-born 34-year-old, now based in London, "has ce ...

Tags: Finance, United Kingdom

06/14/13
Argentine Player Accused Of Tax Evasion

Argentine first division side River Plate defender Jonathan Bottinelli was charged Wednesday with attempted tax evasion, according to CLARIN. The accusation is part of Argentina's Federal Public Revenue Administration's (AFIP) investigation that began last year. The AFIP said that it "began an exhau ...

Tags: Finance, Europe

06/13/13
Messi, Father Accused Of Tax Fraud

Barcelona's Lionel Messi and his father "denied wrongdoing" on Wednesday after the Spanish tax authorities "accused them of defrauding the state" of more than €4M ($5.3M), according to Pinedo & Rogers of REUTERS. Messi and his father, Jorge, "allegedly filed fraudulent tax returns" for the ...

Tags: Finance, Europe

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