Welsh Rugby CEO Favors Profits Split NRL Newcastle Knights Remain Safe F1 Would Have 4th-Best GDP As A Nation Adidas Expects Football Sales To Rise Spain Side Salamanca Liquidated Messi Tax Investigation May Be Expanded Lotus F1 Sells 35% Of Shares To Infinity British Horse Racing Generated £3.5B Maradona Wins Lawsuit In Shanghai I-League Clubs Lose Sponsorship Funds
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Welsh Rugby CEO Wants To Discuss Profits Split From British & Irish Lions Tours06 / 20 / 13Welsh Rugby Union CEO Roger Lewis said that the home nations "need to look at how the money made from the British and Irish Lions tours is divided up," according to the BBC. The Lions are "currently on a tour of Australia, culminating in a three-Test series against the Wallabies." Lewis claims ... Tags: Finance, United Kingdom |
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F1 Owner CVC Captial Not Rushing IPO
One of the men behind the proposed flotation of F1 on the Singapore Stock Exchange "has revealed the plans may again be put on hold until next year," according to the PA. CVC Capital Partners co-Founder & co-Chair Donald Mackenzie has now suggested that "the IPO may yet be delayed further." Mack ...
Tags: Finance
Brazilian Football Clubs Face Relegation
Brazilian football clubs owe about 3B reais ($1.4B) in unpaid taxes, and "may face point deductions or relegation should they fail to meet conditions of a proposed new agreement to help ease the debts," according to Tariq Panja of BLOOMBERG. Funds from sponsors and broadcasters "have boosted the rev ...
ATC Has To Cut Jobs Due To $34M Bill
A A$35M ($33.7M) "blowout in costs to the Rosehill Grand Pavilion and stabling upgrades has led to the Australian Turf Club's shock announcement of job cuts," according to Christian Nicolussi of the Sydney DAILY TELEGRAPH. More than 25 staffers "are expected to be torpedoed next Monday as the strugg ...
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 ...
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
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
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 ...
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 ...
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 ...
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
