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Tour De France A Bargain For Sponsors As Team Sponsorships Drop 50%

Published in SportsBusiness Daily Global on 07 / 29 / 14

The Tour de France "is a bargain for sponsors, courtesy of Lance Armstrong," according to Danielle Rossingh of BLOOMBERG. The event "could once demand large investments from potential backers." Hilversum, Netherlands-based sports marketing consultant Frank van den Wall Bake said that tainted by dopi...

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Tags: Marketing and Sponsorship, Europe

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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

LTA Freezes Grants To Tennis Clubs

The Lawn Tennis Association "is set to announce a two-year funding freeze for grassroots projects just as clubs are bursting at the seams and desperate to capitalise on Andy Murray's Wimbledon triumph," according to Paul Gallagher of the London INDEPENDENT. As LTA CEO Roger Draper steps down from hi ...

Tags: Finance, United Kingdom

Lionel Messi Appears In Spanish Court

Lionel Messi "appeared in a Spanish court on Friday to defend himself" against allegations of evading €4.2M ($5.7M) of taxes "related to the four-time world player of the year’s image rights and sponsorships," according to Miles Johnson of the FINANCIAL TIMES. Messi "arrived at a closed c ...

Tags: Finance, Europe

Messi To Face Court After Tax Plea Fails

Lionel Messi will appear in court Friday after his lawyer "failed to strike an eleventh-hour deal to get prosecutors to drop a tax evasion case" against him, according to Graham Keeley of the LONDON TIMES. Messi and his father "are to appear in court in Barcelona to face allegations" that they evade ...

Tags: Finance, Europe

Sources: IMG Bids Due Next Week

The first round of bids to buy IMG are due next week, according to sources familiar with the sales plan for the company. Buyers interested in acquiring the sports and entertainment firm have been asked to submit interest documents between Monday and Wednesday. Initial offers will be reviewed by a to ...

Tags: Finance

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