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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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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

06/13/13
Finance Notes

Spanish basketball club Lucentum has until next Friday to pay €1.8M ($2.4M) to be able to play in the Spanish Basketball League (ACB) next season. Lucentum recently earned one of two promotion spots to the ACB for '14, but owes the league the payment by next Friday before it can be promoted. Th ...

Tags: Finance

06/12/13
Man City Best-Paid Global Sports Team

Manchester City is the highest-paid team in global sport according to Sportingintelligence’s Global Sports Salaries Survey for '13, compiled in association with ESPN The Magazine and published this week to coincide with The Magazine’s "Money Issue." The average first-team pay at Man City ...

Tags: Finance, United Kingdom, North America

06/12/13
Mega-Events Boost Development

The growing influence of the BRICS nations (Brazil, Russia, India, China and South Africa) in world affairs was symbolized by the staging of the 2008 Beijing Olympics  and the 2010 World Cup in South Africa, "and will be further underlined by Brazil's forthcoming hosting of both events," a ...

Tags: Finance, Brazil

06/12/13
Finance Notes

La Liga side Real Valladolid is demanding €400,000 ($531,120) from former coach Miroslav Djukic, who recently signed with Valencia. The club and Djukic had agreed to a €375,000 ($497,925) compensation fee if either party terminated their contract after May 30 ( EL CONFIDENCIAL, 6/11 ). ...

Tags: Finance

06/11/13
McIlroy To Profit From Sunseeker Sale

World No. 2 golfer Rory McIlroy "is one of the major beneficiaries as Irish private equity group FL partners sold its Sunseeker luxury yacht business to Chinese property firm Dalian Wanda" for more than €350M ($463M), according to Nick Webb of the IRISH INDEPENDENT. The firm's iconic speedboats ...

Tags: Finance, United Kingdom

06/11/13
La Liga Málaga Owes Government $2.1M

Málaga, Spain Mayor Francisco de la Torre said Monday that La Liga side Málaga owes "more than €1.6M" ($2.1M) to the three owners of La Rosaleda Stadium -- the town council, the administrative body and the Junta of Andalusia -- for use of the stadium, according to the EFE. De la T ...

Tags: Europe, Finance

06/10/13
Adidas Exapand Reekbok In India

Adidas, "which a few months ago decided not to add more Reebok stores following reports of financial irregularities at its India unit," is back on an expansion spree in the country, according to Himani Chandna  Gurtoo of the HINDUSTAN TIMES. Adidas now plans to work on Reebok's brand image by " ...

Tags: Finance, India

06/10/13
Spanish Football's Debt Increases 60%

Spanish Social Security's General Collection File's data shows that debts for football clubs from the country's top three divisions have increased from €10.6M in '12 to €16.6M ($21.5M) as of May, according to Carlos F. Marcote of EL PERIODICO. Debts have risen 60% in 15 months reviewed in ...

Tags: Europe, Finance

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