Featured Story

Arsenal Manager Arsène Wenger Suggests Financial Fair Play Has Become Meaningless

Published in SportsBusiness Daily Global on 08 / 31 / 15

As the Premier League's richest clubs "contemplate their last lavish moves before the closure of the transfer window," Arsenal Manager Arsène Wenger has "lamented the failure of the FFP experiment," according to Amy Lawrence of the London GUARDIAN. Financial fair play was introduced in '...

Read More

Tags: Finance, United Kingdom

More Stories

08/05/15
Heineken Avoids Post-World Cup Hangover

A "big jump in sales in Latin America" helped Heineken increase profits, according to Duncan Robinson of the FINANCIAL TIMES. Rising sales of Heineken's premium brands such as Desperados in Latin America and Asia helped the brewer "avoid the hangover suffered by its much larger rival AB InBev," whic ...

Tags: Finance, South America

08/05/15
Rangers First Buys 600,000 Shares

Rangers First has become the eighth largest investor at Scottish Championship side Rangers after completing a deal to buy almost 600,000 shares in the club, according to Christopher Jack of the HERALD SCOTLAND. The group is "attempting to purchase shares from shareholders seeking to cash in at prese ...

Tags: Finance, United Kingdom

08/03/15
Lagardère Reports Revenue Increase

The sports division of French company Lagardère reported positive financial numbers, according to Nils Lehnebach of SPONSORs. The company was able to increase its revenue by almost 50%. During the first half of '15, the company generated revenue of €259M ($285M), which is a 48.5% increas ...

Tags: Finance, Europe

08/03/15
Chime Agrees To $585M Takeover

Chime Communications has agreed to a £374M ($585M) takeover joint offer from marketing rival WPP and U.S. buyout firm Providence Equity Partners, according to Aglionby & Cookson of the FINANCIAL TIMES. Under the terms of the deal, Chime shareholders will receive 365p in cash for ...

Tags: Finance, United Kingdom

08/03/15
EPL Clubs Seemingly Losing Luster

It "used to be every tycoon's dream -- and as more and more money flows into the game, you might think that a top English football club would still be a highly desirable trophy," according to Malcolm Moore of the FINANCIAL TIMES. As the EPL season prepares to kick off once more after Sunday's tradit ...

Tags: Finance, United Kingdom

07/31/15
AFL Clubs Rebel Against 'KFC' Tax

Clubs are becoming "increasingly frustrated by a lack of transparency" from the Australian Football League over the millions of dollars "they have been forced to contribute via the controversial revenue tax," according to Greg Denham of THE AUSTRALIAN. The clubs are continuing their "strong oppositi ...

Tags: Australia, Finance

07/31/15
Chime Poised To Be Sold For $546M

Chime Communications has "long been considered a prime takeover target," according to Robert Cookson of the FINANCIAL TIMES. On Thursday, "Chime's predators were revealed." Martin Sorrell's WPP and U.S. buyout group Providence Equity Partners have " teamed up to buy the sports marketing specialist" ...

Tags: Finance, United Kingdom

07/31/15
BT Records Strong Q1 Growth In TV

BT's TV business "saw its best performance in nearly two years in the first quarter," adding 60,000 customers before the launch of its expanded sports offerings including Champions League football, according to Robert Cookson of the FINANCIAL TIMES. The company has been "investing heavily in sports ...

Tags: Finance, United Kingdom

07/30/15
Providence, WPP To Take Over Chime

Marketing services group Chime Communications "is in advanced talks about a takeover" valuing it at more than £350M ($546M), according to Mark Kleinman of SKY NEWS. Chime Communications "has received a joint bid approach from Providence Equity, one of the world's biggest buyout firms, and WPP ...

Tags: Finance, Europe, United Kingdom

07/30/15
Wayne Rooney Tops Wealth-X's EPL List

With a net worth of $110M, ManU forward Wayne Rooney took the top spot on Wealth-X's list of the EPL's richest players, which it released on Wednesday. Rooney is also one of the highest-paid players in the EPL, raking in a salary of about $20M in '15. Also featured on the list is Rooney's German tea ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug