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Ferrari Given All-Clear After FIA Inspects Team's Wind Tunnel

Published in SportsBusiness Daily Global on 05 / 29 / 15

Ferrari "has been given the all-clear by the FIA following a detailed inspection of its wind tunnel facilities after the Spanish Grand Prix to ensure it was complying with Formula 1's rules," according to Jonathan Noble of MOTORSPORT. The scale of the car upgrade that the Maranello team was able to ...

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Tags: Finance, Europe

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Laporta, Board Members To Pay $30M

Former Barcelona President Joan Laporta and "seven of his former board members will have to pay" a total of €23.2M ($29.5M), or €2.9M ($3.7M) each after club member Vicenç Pla "filed a lawsuit against them," according to MARCA. Pla "believed that they should have deposited a se ...

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10/22/14
CSD Head Supports EU-Regulated FFP

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10/22/14
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World Cup betting "drove up revenues at William Hill," helping the bookmaker to an 89% increase in third-quarter operating profits. But the sports-led betting boom for William Hill and other U.K. operators "is about to face regulation pressures as new measures to constrain gambling begin to come int ...

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10/21/14
Real Zaragoza Granted Meeting

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10/21/14
Adidas Shares Up 6% In Early Trading

Shares in adidas rose 6% in "early trading after a report said a group of investors was considering a bid for the company's Reebok brand," according to the BBC. Hong Kong's Jynwel Capital and investment funds in Abu Dhabi were "considering an offer" worth $2.2B. The news "provided a welcome boost fo ...

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10/21/14
China Wants $817B Sports Sector By '25

China plans to "grow its sports sector" into an $817B industry by '25 to "boost employment and domestic consumption in its 'new' economy, the government said on Monday," according to Koh Gui Qing of REUTERS. Under a "sweeping reform plan, China aims to boost domestic consumption to replace export ...

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10/20/14
Lokomotiv To Appeal RFS Decision

In a rare case when a dispute between a football club and a sacked coach over a payoff is taken to outside arbitration, Lokomotiv Moscow said it will appeal a decision by the Russian Football Union (RFS) that it has to pay €1.8M ($2.3M) to recently fired coach Leonid Kuchuk. "We disagree with [ ...

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10/17/14
Messi's Father Insists On Son's Innocence

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10/17/14
Real Zaragoza Admits It Is In Jeopardy

Spanish second division side Real Zaragoza directors "recognized on Thursday the risk of liquidation and disappearing is 'true and real' after the Spain's Internal Revenue authorities demanded the club" pay the "historic" €25M ($32M) sum it owes, according to EL CONFIDENCIAL. Real Zaragoza Pres ...

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10/17/14
Sky Profits Beat Market Forecasts

Sky reported "stronger than expected growth in both profit and customer demand in the three months to the end of September" while securing "regulator and shareholder approval for its takeovers of Sky Italia and Sky Deutschland," according to John Aglionby of the FINANCIAL TIMES. Sky, Britain's "bigg ...

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