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TalkTalk Pledges To Pass On Price Cuts To Customers In BT's Broadband

Published in SportsBusiness Daily Global on 09 / 19 / 14

TalkTalk "has pledged to cut the price of fibre broadband for customers should regulatory proposals over access to BT’s network force the former telecoms incumbent to lower the wholesale cost," according to Daniel Thomas of the FINANCIAL TIMES. TalkTalk CEO Dido Harding said that "prices for f...

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Bulgaria's CSKA Sofia Cuts Debt, Costs

Bulgarian side CSKA Sofia CEO Alexander Todorov said that the "new management of the club has reduced the salaries of the players about 35% compared to those who have paid the previous owners of Titan AS," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. Todorov added that the club's deb ...

Tags: Finance, Russia

Rangers Investor Increases Voting Rights

A statement issued to the London Stock Exchange on Scottish League 1 Rangers investor Sandy Easdale "has increased his voting rights" in the club to 26.62%, according to the Scotland DAILY RECORD. Easdale, whose brother, James, is on the "current Rangers board, has acquired voting rights" over ...

Tags: United Kingdom, Finance

WC Win Could Impact Spanish Economy

A study by Nielsen showed that if Spain, the defending World Cup champion, wins the 2014 World Cup in Brazil, it will increase spending in Spain's economy by €75M ($103M), according to the EP. Nielsen's study "predicts that Spain winning, as it did in '10, will have an economic impact similar t ...

Tags: Finance, Europe

Kaiserslautern Loses $2.6M In '12-13

Second Bundesliga club FC Kaiserslautern "released its financial results for the '12-13 season" in which it lost €1.9M ($2.6M), according to the SID. The club, which "narrowly missed promotion to the Bundesliga last season," said in a statement on Friday that due to its "high dependency on on-f ...

Tags: Finance, Europe

Villarreal Posts Financial Loss For '12-13

La Liga side Villarreal President Fernando Roig "has reviewed his team's financial situation," according to the EFE. Roig said that Villarreal "does not owe anyone any money and is healthy, in terms of both the sporting and economic areas." Roig also "revealed the team's budget from the previous sea ...

Tags: Finance, Europe

Barcelona Visit A FC Cartagena Windfall

With 16 teams left in the Copa del Rey, Spanish third-tier side FC Cartagena will welcome Barcelona to its Municipal Cartagonova stadium Friday for "what is expected to be a sell-out," according to Rafael Molina of EL CONFIDENCIAL. If the stadium sells out, it would "mean the gate would reach" &euro ...

Tags: Finance, Europe

Valencia Politician Critical Of Grand Prix

Valencia, Spain political party Esquerra Unida, which "opposes the Valencian Community's Popular Party," criticized "holding an F1 Grand Prix event in Valencia for being done on a whim by former Valencia city council President Francisco Camps," according to Manuel Franco of AS. Esquerra Unida also c ...

Tags: Finance, Europe

AFL Carlton's Doubles Gaming Revenue

Australian Football League side Carlton's annual report revealed the club "more than doubled its gaming-related revenue" in '13 to A$19.7M ($17.8M), according to Baker & Edmund of the HERALD SUN. The "jump in revenue" -- up from A$9.5M in '12 -- did not "result in a large profit for the Blues th ...

Tags: Australia, Finance

Finance Notes

The Spanish Footballers Association (AFE) has brought to the Spanish Football Federation (RFEF) claims regarding club debts in the Spanish third division. There have "been 89 claims from 20 different teams" regarding a total of €503,365 ($682,000) in owed payments ( AS, 12/4 ). ... German inv ...

Tags: Finance

Braunschweig Reports Slight Loss

Bundesliga club Eintracht Braunschweig "released its financial numbers for the '12-13 season in which it made a slight loss," according to the SID. Braunschweig Managing Dir Soeren Oliver Voigt reported a loss of €253,000 ($344,000) at the club's annual general meeting on Monday. During the pre ...

Tags: Finance, Europe

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