Featured Story

Ferrari Given All-Clear After FIA Inspects Team's Wind Tunnel

Published in SportsBusiness Daily Global on 05 / 29 / 15

Ferrari "has been given the all-clear by the FIA following a detailed inspection of its wind tunnel facilities after the Spanish Grand Prix to ensure it was complying with Formula 1's rules," according to Jonathan Noble of MOTORSPORT. The scale of the car upgrade that the Maranello team was able to ...

Read More

Tags: Finance, Europe

More Stories

10/14/14
Atlético CEO Gil Seeking Financial Backing

Atlético Madrid CEO Miguel Ángel Gil traveled to India to attend an Indian Super League inauguration ceremony and ISL side Atlético Kolkata's game against Mumbai City on Sunday, according to A.R. Barbero of MARCA. Gil said of Atlético Kolkata in April, "Together with our ...

Tags: Finance, Europe

10/14/14
CVC Capital Eyes Infront Bid

F1 majority owners CVC Capital Partners is among a "pack of suitors circling" Infront Sports & Media, which is headed by the nephew of FIFA President Sepp Blatter, according to Mark Kleinman of SKY NEWS. CVC is among a "group of potential buyers" of Infront, "whose clients include FIFA and dozen ...

Tags: Finance, Europe

10/14/14
Bayern's Rummenigge Calls For Teamwork

Bayern Munich Chair Karl-Heinz Rummenigge wants to see European clubs "work together to make sure Financial Fair Play (FFP) is adhered to," according to Alex Fisher of GOAL. A "host of clubs have been investigated by UEFA in recent months." Rummenigge believes fines and sanctions are "not the right ...

Tags: Finance, Europe

10/14/14
Rangers, Financial Adviser Show Risks

It is "hard to know which company is closer to omnishambles" -- Scottish Championship side Rangers or Daniel Stewart Securities, the club's "nominated financial adviser, or nomad," according to Kate Burgess of the FINANCIAL TIMES. Just as the Ibrox club "most needs its nomad's help, Daniel Stewart's ...

Tags: Finance, United Kingdom

10/13/14
Bayern Generates Revenue Of €528M

Bayern Munich has reportedly generated revenue of €528M during the '13-14 season, according to FOCUS. The number "represents an increase of 22% in comparison to the previous year." The main reason for the increase "has been drastically higher income from sponsorship and merchandise." The club a ...

Tags: Finance, Europe

10/13/14
La Liga Minimum Wage Reaches $163,000

Every player in La Liga will earn "at least" €129,000 ($163,000), "more than 14 times the current national minimum wage" -- €9,034 ($11,400) a year -- in Spain, according to MARCA. Spanish second division players must be paid at least €64,500 ($81,400). These figures were revealed in ...

Tags: Europe, Finance

10/13/14
Espanyol's Financial Difficulties Persist

Two years after La Liga side Espanyol President Joan Collet took over his position, "the economy is still strangling" his club, according to Rogelio Román of MUNDO DEPORTIVO. Principally, "it is the club's debt with the Spanish tax authorities," which has reached €45M ($57M). Everything ...

Tags: Europe, Finance

10/10/14
Bolton Wanderers Is For Sale

League Championship side Bolton Wanderers Chair Phil Gartside admitted that club Owner Eddie Davies "is ready to sell the struggling Championship outfit," according to Mark Ogden of the London TELEGRAPH. Currently bottom of the Championship and without a manager following the sacking of Dougie Freed ...

Tags: Finance, United Kingdom

10/10/14
Ajax, Arsenal Lead S&P's Credit League

Arsenal "might not have won" the Champions League in "17 consecutive years of trying, but the London football club has beaten more successful rivals" -- including ManU and Bayern Munich -- in S&P Capital IQ's Credit Football League of 44 public and private European clubs, according to Andrew Bol ...

Tags: Europe, Finance

10/10/14
Promoter Sues Ricky Burns For $3.2M

Boxing promoter Frank Warren is suing former world boxing champion Ricky Burns for about £2M ($3.2M), saying the Scotsman was "tapped up" by rival promoter Eddie Hearn, according to the BBC. Burns told the High Court in London that he "pulled out of an agreement with Warren's company because o ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug