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Labour Party Floats Levy On EPL TV Rights To Support Grassroots Football

Published in SportsBusiness Daily Global on 07 / 24 / 14

Britain's Labour Party has accused Premier League clubs of "not contributing enough to grassroots football and suggested that they may be compelled to pay a levy on revenue from television rights," according to Pickard & Blitz of the FINANCIAL TIMES. Shadow Culture Secretary Harriet Harman "is a...

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Tags: Media, United Kingdom

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Finance Notes

Italian football agent Daniel Striani's challenge to UEFA's Financial Fair Play regulations is due in Brussels' Court of First Instance Thursday "in what will be a short hearing to set a schedule for handling the complaint lodged in May." Striani "has lodged a complaint with the European Commission ...

Tags: Finance

Economy Hurting La Liga Attendance

Spain's economic crisis "has not left football's side," according to Sara Massa of EL CONFIDENCIAL. Although "Real Madrid and Barcelona are managing millions, the rest of the teams are trying to confront debts and be up to date on their accounts." One measure that some clubs have taken is "lowering ...

Tags: Finance, Europe

FidelisWorld Founder Talks Investment

FidelisWorld, the Dubai-based sports, media and entertainment group, "has entered into private equity" with the launch of FW Sports Investment Fund LP, the first of its kind PE fund in the sports and sports ancillary space, according to Reghu Balakrishnan of the Indian BUSINESS STANDARD. FW "has ann ...

Tags: Finance, India

Spanish Federations Outline Budget Cuts

After the announcement that Madrid's 2020 Olympic bid failed, "the majority of Spain's athletic federations are returning to face the harsh reality of Spain's economic crisis," according to Amaya Iríbar of EL PAIS. Nothing "reflects this better than Spain's national roller hockey team, which ...

Tags: Europe, Finance

Producer To Donate To Spanish Sports

Spanish Superior Sports Council President Miguel Cardenal and Atlético Madrid President Enrique Cerezo, a movie producer, will on Thursday "present a collaborative initiative between the film and sports industries in which Cerezo will donate 1% of what he earns in ticket sales" from Cerezo's ...

Tags: Finance, Europe

Schalke Revenue, Profit On Rise

Bundesliga club FC Schalke "has revealed increased revenue and profit in its mid-year results ending June 30," according to the SID. The club unveiled a mid-year revenue of €85.8M and a mid-year profit of €13.2M. During the same time period last year, Schalke had a revenue of €77.8M a ...

Tags: Finance, Europe

Richest French Footballers To Be Taxed 75%

French football players will not "be excluded from a special tax on large fortunes," with those earning more than €1M ($1.3M) per year to be taxed at 75%, according to the EFE. French Sports Minister Valerie Fourneyron "assured that this tax, created for next year, will have no except ...

Tags: Europe, Finance

Team New Zealand Hopes To Raise $1M

A "fundraising appeal to send Team New Zealand to the next America's Cup to sort out 'unfinished business'" has raised more than NZ$8,500 ($7,100) in less than 24 hours, and its organizer hopes to hit NZ$1M ($830,000), according to Aimee Gulliver of FAIRFAX NZ NEWS. Kia Kaha Media CEO Ned Dawson, 46 ...

Tags: Finance, Australia

LFP President Outlines Economic Progress

Spanish Football League (LFP) President Javier Tebas on Monday explained to "several spokespersons from various departments in the Spanish government the results of the LFP's recent economic assessments of its teams," according to the EFE. Tebas and LFP Dir General Javier Gomez on Monday met with Co ...

Tags: Europe, Finance

'Football For All' Program To Receive $243,500

The Argentine government's '14 budget will assign 1.4M Argentine pesos ($243,500) to the country's "Fútbol para Todos" ("Football for All") program, which provides free TV viewing of football matches to Argentine citizens. In five years, "the government's contribution has increased 135%." By ...

Tags: South America, Finance

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