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WA Premier Threatens To Sue Australian Rugby Union For More Than A$100M

Published in SportsBusiness Daily Global on 08 / 22 / 17

The Western Australia government "threatened to bankrupt the Australian Rugby Union if the Western Force are not reinstated," according to the AAP. WA Premier Mark McGowan said that the state government is "getting legal advice" and the options include suing for restitution of more than A$100M ($79....

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Tags: Australia, Finance

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Smaller Chinese Clubs Focus On Own Talent

Newly rich Chinese football is not "all about millionaire players and famous coaches," according to the AFP. Just ask "the smaller teams, who are living firmly in the shadow of their well-heeled neighbours." Chinese Super League clubs "took the transfer market by storm this year when they collective ...

Tags: Asia, Finance

Entities Share Address With Banned Firms

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Tags: Europe, Finance

London Welsh Seeking Liquidation

Rugby Championship side London Welsh, one of the oldest clubs in English rugby, said on Wednesday that it was seeking voluntary liquidation due to large debts and a "totally unsustainable" business model, according to Alan Baldwin of REUTERS. The move would allow the second-tier club, founded i ...

Tags: Finance, United Kingdom

CPL Provides Economic Boost To Hosts

The Caribbean Premier League continued its upward trajectory in '16 with the world's fastest growing T20 tournament contributing an economic boost of over $102M across the seven host territories. The economic impact to the region has risen in recent years from $44M in '14 to $76M in '15. The CPL com ...

Tags: Finance

Brazil's Go4it Invests In Keemotion

Brazilian sports marketing agency Go4it invested in Keemotion, an HD video content and production system that integrates social media. It is the third investment in less than a month by Go4it, which acquired stakes in TAPPP and Greenfly in late November. Keemotion's product is the world's first fu ...

Tags: Finance, Brazil

WTF Refugee Academies To Get $600K

China's Huamin Charity Foundation committed to donate $600,000 to the World Taekwondo Federation and the Taekwondo Humanitarian Foundation to "support taekwondo academies for refugees," according to Baek Byung-yeul of the KOREA TIMES. Huamin Charity Foundation Chair Lu Dezhi said that he "decided to ...

Tags: Finance, Asia

Football Contract Bonuses Revealed

The "extraordinary perks set out" in footballers' contracts have "remained secret, until now," according to the SUNDAY TIMES. Documents from the Football Leaks website "reveal for the first time how football stars are rewarded with big bonuses simply for doing their job." Strikers can receive £ ...

Tags: Europe, Finance

Barcelona To Back Chinese Academy

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Tags: Europe, Finance, Asia

Braunschweig Reports Seven-Figure Profit

Second Bundesliga club Eintracht Braunschweig "reported a seven-figure profit for the '15-16 season," according to SPORT1. The club generated a surplus of €1.15M. Braunschweig revealed the figure at its annual general meeting last week. Braunschweig Managing Dir Soeren Voigt: "It's great that w ...

Tags: Finance, Europe

Hellmund Favorite To Takeover Manor

Tavo Hellmund, the man who "helped resurrect" the U.S. and Mexican Grands Prix, has "emerged as the favourite to complete a takeover of the Manor Formula 1 team," according to Franco Nugnes of MOTORSPORT. The Mexican-American, who helped lead the Austin project and worked with Mexicans on their race ...

Tags: Finance, Europe

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