Featured Story

Int'l Cricket Council, BCCI Agree To New Finance Model For '16-23 Rights Cycle

Published in SportsBusiness Daily Global on 06 / 23 / 17

The BCCI and Int'l Cricket Council "finally reached an agreement on a new finance model," according to Nagraj Gollapudi of ESPN.com. The "bare facts" are the BCCI will receive "a little over" $100M more than what was agreed upon by a "vast majority" of the ICC board in meetings in April and "most of...

Read More

Tags: Finance, Asia

More Stories

10/20/16
Durham Cricket To Get Rescue Package

Durham County Cricket Club agreed to a "financial rescue package with Durham County Council over the debts" that led to its relegation this season, according to the BBC. The council's loans of £3.74M ($4.6M) to the club "have been converted into shares." Durham was relegated from County C ...

Tags: Finance, United Kingdom

10/19/16
Surprise Football Results Lift Ladbrokes

Faltering starts to the new football season by ManU and Barcelona helped U.K. bookmaker Ladbrokes achieve a "double-digit boost to revenues -- its fourth consecutive quarter of growth," according to Paul McClean of the FINANCIAL TIMES. Surprise football scores "helped to offset customer-friendl ...

Tags: Finance, United Kingdom

10/19/16
Hong Kong's MEF Faces Unclear Future

The Hong Kong government’s Mega Events Fund -- "which provides major financial backing" for a number of int'l sports events including HK$15M ($1.93M) for December’s UBS Hong Kong Golf Open -- is "unlikely to exist when its five-year term expires in March," an official said, according to ...

Tags: Finance, Asia

10/19/16
Man City Announces £20.5M In Profit

Man City made a £20.5M profit on record income in '15-16, the "second consecutive financial year in which the club, owned by Sheikh Mansour bin Zayed al- Nahyan, has made a profit," according to David Conn of the London GUARDIAN. Man City announced it earned £391.8M "from TV-ri ...

Tags: Finance, United Kingdom

10/19/16
McCourt Officially Purchases OM

American investor Frank McCourt has become the new owner of Olympique de Marseille “after finalizing the purchase on Monday,” according to Baptiste Desprez of LE FIGARO. The sale, estimated to be worth €45M ($49.5M), “starts a new era for the club.” Newly appointed OM Pr ...

Tags: Finance, Europe

10/18/16
Investors Take Over Birmingham City

The new Chinese owners of League Championship side Birmingham City "have vowed to take the English club 'from strength to strength' after becoming the latest Asian group to invest in European football," according to Paul McClean of the FINANCIAL TIMES. Trillion Trophy Asia, a group controlled by Hon ...

Tags: Finance, United Kingdom, China

10/18/16
ManU Tops List Of Jersey Sales

ManU has regained its status as the world’s "most popular football club by sales of official replica shirts," according to Alex Miller of SPORTING INTELLIGENCE. The Old Trafford club sold an average of 1.75 million shirts per year in the five-season period from '11-12 through '15-16. That put ...

Tags: Europe, Finance

10/17/16
Discovery Invests In Group Nine Media

Discovery Communications "has agreed to make a minority investment" of $100M and enter into a "strategic partnership with Group Nine Media," according to Robert Briel of BROADBAND TV NEWS. Group Nine Media "is a new media holding company consisting of Thrillist Media Group, NowThis Media, The Dodo a ...

Tags: Finance, North America

10/17/16
RFU Enjoys Record-Setting Financial Year

England "may not have reached the knockout phase of the Rugby World Cup last year" but the Rugby Football Union enjoyed "spectacular success off the field," according to Robert Kitson of the London GUARDIAN. The RFU’s annual financial report shows the union doubled its revenues to £407.1 ...

Tags: Finance, United Kingdom

10/17/16
ARU In Talks With Brumbies

The Australian Rugby Union is negotiating with the ACT Brumbies to enter into a financial partnership with the Super Rugby franchise, "stopping short of a takeover," according to Bret Harris of THE AUSTRALIAN. The national governing body formed an "alliance" with the ­financially struggling Western ...

Tags: Finance, Australia

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug