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SAP Co-Founder Dietmar Hopp To Become Majority Owner Of TSG Hoffenheim

Published in SportsBusiness Daily Global on 12 / 19 / 14

SAP co-Founder Dietmar Hopp "is expected to become the majority owner of Bundesliga side TSG Hoffenheim" in '15, according to the SID. The German Football League (DFL) on Thursday confirmed that Hopp "will be allowed to take over the majority ownership on July 1." Hopp is therefore avoiding the so-c...

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Tags: Franchises, Europe

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N. Melbourne Generates $336K In Profits

Australian Football League side North Melbourne's "most successful season on the field since 2007 has been mirrored off it, the Kangaroos finishing the year with an operating profit" of more than A$400,000 ($336,000), according to Rohan Connolly of THE AGE. The A$423,074 profit "has not only come in ...

Tags: Finance, Australia

Augsburg Reports $2.5M Profit For '13-14

Bundesliga side FC Augsburg reported a profit of €2.028M ($2.5M) before taxes for the '13-14 fiscal year, according to the SID. The club "announced its financial results at the annual general meeting on Wednesday." Augsburg generated revenue of €47.446M ($59M) and had expenditures of &euro ...

Tags: Finance, Europe

AFA Receives $25.7M Funding 'Advance'

The Argentine government informed the Argentine FA on Thursday that, "as part of the annual guaranteed minimum that the AFA receives," the football body has received 220M Argentine pesos ($25.7M) as an "advance," according to CLARIN. This was done following a recent request from the AFA based on var ...

Tags: Finance, South America

Chivas President Addresses Investments

Liga MX side Chivas Guadalajara is "far from the team that Jorge Vergara dreamed of and promised when he bought it," according to Minelli Atayde of LA AFICION. The team's methods "have not worked for some time, it has tried players from the youth team and it later opened up its wallet to hire expe ...

Tags: Finance, North America

Spanish Football's Debt Reportedly $670M

As of Aug. 31, Spanish football "had a total debt with Spain's tax authorities" of more than €542M ($670M), according to Mateo & Manetto of EL PAIS. The total number of clubs from La Liga, the second division and the third division that were in bankruptcy was 27, and "a total of 19 had reac ...

Tags: Europe, Finance

Finance Notes

EPL side Burnley made a £300,000 ($470,000) profit while achieving promotion in the financial year ending June '14. However, £7.9M ($12.4M) of bonus payments directly related to promotion to the Premier League resulted in an overall £7.6M ($11.9M) loss. The latest accounts show a t ...

Tags: Finance

Man City Reports Revenue Of £347M

Man City is confident it "will be in full compliance with UEFA financial rules by the end of this season following the publication of their yearly accounts," according to Chris Bascombe of the London TELEGRAPH. The club’s revenues rose to £347M in the last financial year -- a record for ...

Tags: Finance, United Kingdom

Real Sociedad Records 'Historic Profit'

Real Sociedad President Jokin Aperribay said that the club recorded "historic profit" during the '13-14 financial year of €24.4M on revenue of €98.8M and spending of €74.4M, according to Mikel Encinas of MUNDO DEPORTIVO. For the upcoming season, club execs are budgeting revenue of &eu ...

Tags: Finance, Europe

Cantor Fitzgerald Turning To Football

Financial services firm Cantor Fitzgerald LP has started a team to work on football finance deals, "including acquisitions of Premier League clubs and player transfer financing," according to Alex Duff of BLOOMBERG. Former Everton Commercial Dir James Powell "was seconded" from Leeds, England-based ...

Tags: Finance, United Kingdom

German Leagues Score Record Revenues

The Basketball Bundesliga (BBL), German Hockey League (DEL), Handball Bundesliga (HBL) and the 3rd League generated total revenue of €450.3M ($558M) in '13-14. According to Deloitte's seventh "Finance Report of German Pro Sports Leagues" in cooperation with the ISS Institute for Sportmanagement ...

Tags: Finance, Europe

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