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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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05/30/13
Budget Of $32M For 2017 Hockey Worlds

The organizing committee for the 2017 Int'l Ice Hockey Federation World Championship, which will take place in Germany and France, calculates a budget of €25M ($32.4M) for the event, according to the DPA. That's about twice as much as Germany spent when it successfully hosted the world champion ...

Tags: Finance, Europe

05/30/13
Finance Notes

Sports Direct Int'l has agreed to acquire 51% of Sport Eybl & Sports Experts, the leading chain in Austria. SDI secured the stake by paying €10.5M ($13.6M) for the shares plus providing another €30M ($38.8M) of equity capital ( ISPO ). ... The Israel FA's Budget Control Authority "is s ...

Tags: Finance

05/29/13
Malaysian Billionaire Plans IPO Of Cardiff

Malaysian billionaire Vincent Tan is exploring an initial public offering of League Championship side Cardiff City for as early as this year "in a deal that would follow the team's recent promotion to the Premier League," according to Yantoultra Ngui of REUTERS. The process is in its early ...

Tags: Asia, United Kingdom, Finance

05/29/13
AFL Melbourne, Western Need $1.9M

Australian Football League side Collingwood President Eddie McGuire said that "Melbourne and the Western Bulldogs have 'stuffed' their list management so badly that strong consideration should be given to giving them an enlarged salary cap," according to Jon Pierik of THE AGE. Melbourne's "plight on ...

Tags: Finance, Australia

05/29/13
Tinkler Selling Bloodstock Interests

Five years ago, mining magnate Nathan Tinkler "burst onto the Australian racing scene, spending millions on breeding and racing stock to herald the arrival of his goliath Patinack Farm racing and breeding operation," according to Michael Sharkie of THE AGE. This week, "the majority of Tinkler's bloo ...

Tags: Finance, Australia

05/29/13
Nike Workers Hurt In Cambodian Protest

A trade union representative said that at least 23 workers "were hurt in Cambodia on Monday when police using stun batons moved in to end a protest over pay at a factory that makes clothing for Nike," according to REUTERS. Police with riot gear "were deployed to move about 3,000 mostly female worke ...

Tags: Finance, Asia

05/28/13
Seven F1 Teams Face Financial Collapse

F1 "is in crisis as it faces up to" a $2B bill that "it cannot afford to pay and which could spell the end for a number of teams," according to Paul Weaver of the London GUARDIAN. The warning came "from one of the sport's biggest players," McLaren Team Principal Martin Whitmarsh, who is also chairma ...

Tags: Finance, United Kingdom

05/24/13
Eccelstone Case Disrupting Sale Of F1

CVC Capital Partners Ltd.’s plan to hold an initial public offering of F1 "may be hurt by a bribery investigation" involving F1 CEO Bernie Ecclestone, according to Alex Duff of BLOOMBERG. Ecclestone "is negotiating an accord" known as the “Concorde Agreement” through '20 with teams ...

Tags: Finance

05/24/13
Lim To Help Atlético Pay Mediapro Debt

La Liga side Atlético Madrid will next Friday pay €5.37M ($6.9M) as part of the €10M ($12.9M) it has to pay Mediapro as compensation for breaking their TV contract , according to EL CONFIDENCIAL. Everything "indicates that some of that money will come from Singapore billionaire Pet ...

Tags: Finance, Europe

05/23/13
CL Title Won't Impact Dortmund Shares

The publicly traded shares of Champions League finalist Borussia Dortmund on the Frankfurt Stock Exchange are unlikely to gain a lasting boost from a potential victory in Saturday’s final. Jan Kremer, Sports Business Group Expert at Deloitte in Germany, told SBD Global, "On-field succe ...

Tags: Finance, Europe

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