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Australian Football League Clubs Rebel Against Unclear Formula Behind Equalization

Published in SportsBusiness Daily Global on 07 / 31 / 15

Clubs are becoming "increasingly frustrated by a lack of transparency" from the Australian Football League over the millions of dollars "they have been forced to contribute via the controversial revenue tax," according to Greg Denham of THE AUSTRALIAN. The clubs are continuing their "strong oppositi...

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Tags: Australia, Finance

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Perth Glory Fail To Report Player Benefits

Undisclosed agent fees, "cars for players' use and free accommodation are behind the allegations" that A-League side Perth Glory have broken Football Federation Australia's "strict salary cap guidelines for up to three consecutive seasons," according to Bossi & Gorman of the SYDNEY MORNING HERAL ...

Tags: Finance, Australia

Hearts Reveal Profit Of $1.4M For '13-14

Scottish Championship side Heart of Midlothian announced its latest accounts that reveal the club "made a profit during administration," according to the Scotland DAILY RECORD. The club's financial results for the year ending in June coincide "almost exactly" with the time it was under the control o ...

Tags: Finance, United Kingdom

Trio Handed Transfer Embargoes

League Championship sides Blackburn, Leeds United and Nottingham Forest have been given "transfer embargoes for the rest of the season for breaching Financial Fair Play rules," according to the BBC. The clubs have been handed the bans for "not meeting the Football League's Fair Play Requirement." Th ...

Tags: Finance, United Kingdom

Brazil Bank Stops Volleyball Payments

A report by Brazil's anti-corruption body found that companies controlled by "relatives of the former president of Brazil’s volleyball federation as well as current and former administrators" misappropriated $11.3M in sponsorship income, according to Panja & Batista of BLOOMBERG. State-con ...

Tags: Finance, Brazil

Russians Allocate $83M To Crimea

Last week UEFA announced it was "banning clubs in the annexed Crimea region of Ukraine" from playing in any Russian-organized football competitions, according to Paul Nicholson of INSIDE WORLD FOOTBALL. This week the Russians have announced an $83M aid package to "rebuild Crimean sports infrastructu ...

Tags: Finance, Russia

ATP Prize Money To Reach $100M In '15

The Association of Tennis Professionals said on Friday that prize money on the men's tennis tour will reach $100M for the first time in '15, according to Andrew Both of REUTERS. ATP World Tour purses will "then climb even higher," to $135M by '18. The figures "do not include grand slam events, which ...

Tags: Finance

FFF Posts Profit For '13-14 Season

French Football Federation Treasurer Denis Trossat announced Saturday that net income for the FFF for the ’13-14 season (July 1, 2013-June 30, 2014) amounted to €267,000 ($332,775), according to the AFP. This is the "fourth consecutive positive net return" for the federation (after € ...

Tags: Finance, Europe

Lawn Tennis Association To Cut Funding

Funding for "up-and-coming British tennis players is to be severely cut in an attempt to develop more players who can survive in the world's top 100," according to Russell Fuller of the BBC. The Lawn Tennis Association will "phase out existing levels of support over the next year, giving players who ...

Tags: Finance, United Kingdom

Nike Sues Three Former Shoe Designers

Nike "is accusing three of its former senior shoe designers of stealing its commercial secrets" and making off for German rival adidas, which announced in September the trio would staff its new urban footwear design studio in Brooklyn, according to Andrew Chung of REUTERS. A lawsuit filed in Oregon ...

Tags: Finance, North America

Erfurt Generates Profit Of $1.05M

German 3rd League football club Rot-Weiß Erfurt generated a profit of €850,000 ($1.05M) for the '13-14 season, according to Marco Alles of the THÜRINGER ALLGEMEINE. Club President Rolf Rombach told the 196 attending members at the annual general meeting that the team made more t ...

Tags: Finance, Europe

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