Featured Story

UEFA Softens Financial Fair Play Regulations To Attract Investors

Published in SportsBusiness Daily Global on 07 / 01 / 15

UEFA has softened its break-even Financial Fair Play regulations in an attempt to "encourage investment" in European club football and move from "austerity to sustainable growth," according to Brian Homewood of REUTERS. General Secretary Gianni Infantino said that FFP, implemented in '12, had succee...

Read More

Tags: Europe, Finance

More Stories

06/08/15
Euroleague To Institute Financial Fair Play

A new era of fiscal responsibility in European basketball will get underway as Financial Fair Play rules agreed to following several years of study and input by Euroleague clubs are set to take effect next month with the start of the '15-16 season. The regulations, which will apply to each fiscal ye ...

Tags: Finance, Europe

06/08/15
World Rugby CEO Expecting Huge Impact

The Rugby World Cup, which kicks off at Twickenham in "a little more than three months' time, could be of greater economic benefit to England than the Olympics," according to Malcolm Moore of the FINANCIAL TIMES. World Rugby CEO Brett Gosper said, "The World Cup will generate £1 billion ($1.53 ...

Tags: Finance, United Kingdom

06/05/15
Deloitte Study: EPL Tops Profit Table

When it comes to money, English football "has again come out on top," according to Shubber & Moore of the FINANCIAL TIMES. With cash "pouring in from broadcasters eager to air top-flight European football," new research from Deloitte revealed that overall revenue from leagues across the continen ...

Tags: Finance, United Kingdom

06/05/15
Barcelona Holds Financial Edge Over Juve

Barcelona has gone from posting revenues 27% lower than Champions League final opponent Juventus in '03-04 to earning 74% more in '13-14, according to Esteve Calzada of MARCA. Barcelona's revenue in '03-04 was just €169M, while Juventus recorded revenue of €215M that year. In '13-14, ...

Tags: Europe, Finance

06/04/15
FIFA: Bank In Scandal With Dodgy History

A small private bank controlled by a "reclusive" Brazilian billionaire "shows up more than two dozen times in U.S. prosecutors’ corruption charges" against FIFA, according to Hamilton, Katz & Brush of BLOOMBERG. It is "hardly the bank’s first brush with scandal." Delta National Bank ...

Tags: Finance, Brazil

06/04/15
Russian F1 GP Downplays Bankruptcy

The Russian F1 Grand Prix "has hit back at reports that its promoter is bankrupt," according to GMM. Early this week, a Russian court declared that the government-owned Formula Sochi company "is bankrupt, even though a contract to host the race through 2020 is still in place." But race organizers "h ...

Tags: Finance, Europe

06/04/15
No Parachute Payments For Relegated Clubs

Promoted clubs that are relegated after a single year in the Premier League "will no longer benefit from full parachute payments" from the '16-17 season, according to the PA. The change in the rules means that "the promoted clubs, Bournemouth, Watford and Norwich, will miss out on a year of parac ...

Tags: Finance, United Kingdom

06/04/15
Chelsea Earned $151M In Prize Money

Chelsea’s EPL title success earned it £99M ($151M) in total prize money per official figures -- "the most ever earned by a single club in one season from central funds," according to Nick Harris of the London DAILY MAIL. The precise sum was £98,999,554, made up of £24.9M ($3 ...

Tags: Finance, United Kingdom

06/03/15
Four Bulgarian Clubs Lose Licenses

Bulgarian sides CSKA Sofia and Lokomotiv Sofia have "finally lost their professional status after the Appeals Committee of the Bulgarian Football Union confirmed the decision of its Licensing committee to refuse playing licenses" to both clubs, according to Alexander Krassimirov of INSIDE WORLD FOOT ...

Tags: Europe, Finance

06/02/15
Formula Sochi Goes Bankrupt

Media reports said that the arbitration court in the Russian region of Krasnodar has ruled that public company Formula Sochi, an organizer of Russia's F1 Grand Prix in Sochi, has "gone bankrupt," according to IANS. The company was indebted 5.8M rubles ($109,500), while its available assets tota ...

Tags: Finance, Russia

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug