Featured Story

National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

Read More

Tags: Leagues and Governing Bodies, Australia

More Stories

Wimbledon Debenture Holders Make Profit

Wimbledon debenture holders "have been laughing all the way to the bank," according to Paul Newman of the London INDEPENDENT. One of the current holders recently sold a '11-15 debenture -- which cost £27,750 ($46,500) and gives the owner one Centre Court ticket for every day of the Championsh ...

Tags: Finance, United Kingdom

Brazilian Court Rejects Santos Injunction

A Brazilian court has rejected an injunction brought by Neymar’s former club Santos requesting access to "all the documents relating to the player’s controversial transfer to Barcelona last summer," according to Dermot Corrigan of ESPN. Santos announced that the club had "taken legal a ...

Tags: Finance, Brazil

PSG, Ligue 1 Clubs Enter Monaco Tax Fray

Seven French clubs including Ligue 1 leader Paris St. Germain said that they are "taking legal action to obtain the cancellation of the deal that settled a year-long dispute over Monaco’s tax advantage," according to Blachier & Canellas of REUTERS. Monaco announced in January that it would ...

Tags: Finance, Europe

Man City To Break Event This Season

Man City "will break even this season," CEO Ferran Soriano said on Tuesday as he "refuted the idea" the club's losses of £150M ($246M) in the last two campaigns breached UEFA's Financial Fair Play rules, according to Matt Smith of REUTERS. Soriano: "We are working towards breaking even this se ...

Tags: Finance, United Kingdom

Spanish Clubs Reduce Debts By $213M

Spanish football clubs in La Liga and the second division reduced by €156.8M their debts with Spain's tax authorities from Jan. 1, 2012 through May 31, 2013, according to the EFE. This figure represents a 20.8% reduction, from €752.2M in Jan. '12 to €595.4M as of May '13.The decrease ...

Tags: Europe, Finance

Santos Takes Action Over Neymar Deal

Neymar's former club Santos has "sought a Brazilian court injunction to get access to all the documents relating to the player's controversial transfer to Barcelona last summer," according to Dermot Corrigan of ESPN. The Brazilian club has contacted both Barça and Neymar's father to "try to ...

Tags: Finance, Brazil

ManU Posts £123M 2nd Quarter Revenue

ManU Exec Vice-Chair Ed Woodward announced that the club has "posted a record second-quarter revenue" of £122.9M ($204M), but admitted that "everyone from the team manager down" has acknowledged that the start to Manager David Moyes' "career at Old Trafford has been disappointing," according t ...

Tags: Finance, United Kingdom

Allianz Aquires 8% Stake In Bayern Munich

Insurance company Allianz is paying €110M ($150M) for an 8.33% stake in Bundesliga side Bayern Munich, according to the SID. Both sides "confirmed the deal on Tuesday evening." Bayern Munich President Uli Hoeneß said, "Today is a great day for FC Bayern. We have unanimously made this deci ...

Tags: Finance, Europe

CSKA Sofia To Offer Public Shares

CSKA Sofia President Alexander Tomov "has announced the club will launch the sale of 3 million shares in the Bulgarian club," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. He "is targeting both fans and institutional investors with the share offering, though has not revealed a price a ...

Tags: Finance, Europe

Camera Maker GoPro Zooms In On IPO

Camera manufacturer GoPro, the "maker of small action cameras beloved of surfers and snowboarders, on Friday broadcast its plans for a multibillion-dollar initial public offering," according to Bradshaw & Massoudi of the FINANCIAL TIMES. One "person close to the process" said that the company i ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug