Featured Story

Football League Agent Fees Fall By 18% During '13-14 Season

Published in SportsBusiness Daily Global on 08 / 29 / 14

The latest publication of Football League clubs' spending on agents' fees has revealed that clubs committed a total of £17.7M to agents during the '13-14 season, a reduction of 18% on the previous year (£21.5M). Championship clubs accounted for £14.7M of the total, with League One ...

Read More

Tags: International Football, United Kingdom

More Stories

11/20/13
CVC's F1 Stock Flotation On Hold

Plans for a stock market flotation of F1 "remain stalled" as CEO Bernie Ecclestone "faces legal action that could break his long grip on the sport," according to Keith Weir of REUTERS. Private equity fund CVC said that a flotation "was still its aim, but ruled out any action in the short term to rev ...

Tags: Finance, Europe

11/20/13
Werder Bremen Loses $10.7M In '12-13

Bundesliga club Werder Bremen "continues to be in the red" and reported a loss of €7.9M ($10.7M) for the '12-13 fiscal year, according to SPIEGEL ONLINE. However, Bremen Sport Dir Thomas Eichin said that the club "is on the right path." In the previous season, the club reported a record loss of ...

Tags: Finance, Europe

11/20/13
Paddy Power Lowers Forecasts

Unfavorable sporting results "continue to weigh on Paddy Power," prompting the bookmaker to lower forecasts for operating profit on Tuesday, according to Roger Blitz of the FINANCIAL TIMES. The Dublin-based group, already feeling the effects of Andy Murray’s Wimbledon triumph and other results ...

Tags: Finance, United Kingdom

11/19/13
Hertha Reduces Liabilities During '12-13

Bundesliga club Hertha Berlin "was able to reduce its liabilities" by €5.2M to €36.8M during the '12-13 fiscal year, according to the SID. However, Hertha CFO Ingo Schiller revealed that the club lost €7.8M during the previous season, when it was promoted to the Bundesliga. Origi ...

Tags: Finance, Europe

11/19/13
RFU Reports Record Revenue

The Rugby Football Union has reported group revenue of more than £150M ($242M) for the first time in its history, according to the BELFAST TELEGRAPH. Revenue increased by £42.9M ($69M) from £110.6M to £153.5M ($247M) during the 12-month period for '12-13, "driven by the full ...

Tags: Finance, United Kingdom

11/19/13
Russian Side Near Financial Collapse

Former Russian football champions Alania Vladikavkaz "appeared on the brink of financial collapse Monday after coach Vladimir Gazzaev admitted they lack even the funds to travel to their next match," according to R-SPORT. Alania won the Russian title in '95 and "made regular appearances in the Champ ...

Tags: Finance, Russia

11/19/13
NFL Media Exec Enters IMG Auction

NFL media exec and former ESPN Chair Steve Bornstein is "playing a behind-the-scenes role in the auction of sports agency IMG by advising a bidders group headed by British money management firm CVC Capital Partners," according to Grover & Richwine of REUTERS. Two people "with knowledge of the bi ...

Tags: Europe, Finance

11/19/13
Real Valladolid Nearly Administration Free

La Liga side Real Valladolid President Carlos Suárez has submitted an "agreement plan" with more than 300 creditors to "local courts in the city, which may see the club come out of financial administration" as early as January, according to INSIDE SPANISH FOOTBALL. Local reports indicate that ...

Tags: Europe, Finance

11/18/13
Championship Burnley Announces Losses

Championship side Burnley announced annual losses of £7.6M "for the last financial year," according to SKY SPORTS. Burnley made a £3.1M profit over the previous 12 months, "which was mainly down to the club-record sale of recent England call-up Jay Rodriguez to Southampton." Since then, ...

Tags: Finance, United Kingdom

11/18/13
London 2012 Brings Britain Extra $17.7B

Britain's UKTI, the government's trade and investment arm, claimed that "Britain has beaten the target set for winning extra business and investment as a result of hosting the London Olympics in 2012," according to Heather Stewart of the London GUARDIAN. The UKTI was "given the task of notching up" ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug