Featured Story

Struggling F1 Team Lotus May Not Be Able To Race In Monza Despite Recent Lifeline

Published in SportsBusiness Daily Global on 09 / 02 / 15

F1 CEO Bernie Ecclestone saved the "struggling" Lotus F1 team last month by handing over £1.5M ($2.3M) to pay the wages of 400 staff, according to Kevin Eason of the LONDON TIMES. But "fears are growing that the cash-strapped Lotus squad may not be able to race at the Italian Grand Prix t...

Read More

Tags: Finance

More Stories

Hibernian Announces Losses Of £800,000

Scottish Championship side Hibernian has announced losses of £800,000 for last season and "revealed a new share issue that hopes to raise" £2.5M ($3.8M) and give fans a 51% stake in the club, according to Gregor Kyle of the Scotland DAILY RECORD. The Easter Road club released its figures ...

Tags: Finance, United Kingdom

Frankfurt To Report Profit Of €350,000

Bundesliga side Eintracht Frankfurt "is reportedly on the path to financial recovery," according to Klaus Veit of the FRANKFURTER NEUE PRESSE. The club's numbers for the '13-14 fiscal year, which will officially be unveiled at Frankfurt's member meeting on Jan. 25, show it generated a profit of abou ...

Tags: Finance, Europe

Burton Snowboards Sees Opportunity

Burton Snowboards said that China may account for about 10% of sales within 10 years, and the company will "seek to take advantage of Beijing's 2022 Winter Olympics bid to add business," according to BLOOMBERG. Burton Founder & Chair Jake Burton Carpenter said, "It depends on lots of resort deve ...

Tags: Asia, Finance

Ballon D'Or Playing Role In Transfer Talks

The FIFA Ballon d'Or trophy -- the annual award for FIFA's top player -- is "turning up in transfer negotiations involving elite athletes as it becomes a marker of their commercial value," according to Alex Duff of BLOOMBERG. Madrid-based Laffer Abogados lawyer Rodrigo Garcia, who represents Spanish ...

Tags: Europe, Finance

HKFA To Receive Government Funding

The Hong Kong FA "secured a multimillion-dollar boost from the government" to secure its future for the next five years, but the professional clubs "are still more or less on their own despite the huge cash injection," according to Chan Kin-wa of the SOUTH CHINA MORNING POST. The funds "will be spen ...

Tags: Finance, Asia

Australian Open Boosts Prize Money

The Australian Open "will lift prize money" for this month’s Grand Slam tennis championship by 21% to a record A40M ($32.6M) "partly to offset a slide in value of the Australian currency," according to Danielle Rossingh of BLOOMBERG. The singles champions will get A$3.1M each, while a first-ro ...

Tags: Finance, Australia

Man City Faces Questions From UEFA

Man City faces "fresh questions from UEFA in the wake of the Frank Lampard debacle" over how its extensive network of global companies is "sharing the burden of the club’s massive financial losses," according to Nick Harris of the London DAILY MAIL. Man City was fined £16M by Europe&rsqu ...

Tags: Finance, United Kingdom

F1's $100M Insurance Policy

New research revealed F1 race organizers "have been asked to arrange insurance policies" up to as much as $100M per Grand Prix, according to Christian Sylt for FORBES. With so many events in different jurisdictions "it would be highly complex for the F1 Group, which controls the series, to arrange i ...

Tags: Finance, Europe

Rangers First Buys 60,000 Shares In Club

Scottish Championship side Rangers fan-ownership group Rangers First has "increased its Ibrox stake after snapping up another 60,000 shares," according to the HERALD SCOTLAND. With three factions -- Dave King and the Three Bears, NBA Phoenix Suns Owner Robert Sarver, and the existing board "which is ...

Tags: Finance, United Kingdom

Blackburn Rovers Debt Up To $120M

League Championship side Blackburn Rovers' net debt has risen to £79.8M ($120M) from £54.5M ($82M) as it struggles "to comply with Financial Fair Play rules," according to the BBC. The club is currently "under a transfer embargo for breaching FFP regulations." Under existing rules, clu ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug