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TalkTalk Pledges To Pass On Price Cuts To Customers In BT's Broadband

Published in SportsBusiness Daily Global on 09 / 19 / 14

TalkTalk "has pledged to cut the price of fibre broadband for customers should regulatory proposals over access to BT’s network force the former telecoms incumbent to lower the wholesale cost," according to Daniel Thomas of the FINANCIAL TIMES. TalkTalk CEO Dido Harding said that "prices for f...

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Tags: Media, United Kingdom

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Adidas Forecasts $23.1B In Sales For '15

Adidas on Tuesday confirmed its Route 15 targets forecasting sales of €17B ($23.1B) and an operating margin of 11% in '15. The confirmation came during the 2013 Investor Field Trip in Herzogenaurach, Germany, with senior management also sharing preliminary '14 goals: sales are expected to grow ...

Tags: Europe, Finance

Leeds United Set For Financial Boost

League Championship Leeds United is "in line for a major financial boost, with an unnamed consortium set to take shares in the club," according to the BBC. Owner GFH Capital said it has granted the investors "a period of exclusivity" and "expects the deal to go through" before the January transfer w ...

Tags: Finance, United Kingdom

RBS 'Careless' With $2.7B Loan To F1

The Royal Bank of Scotland was “extremely careless” when it lent $2.7B to F1 in '06, according to Christian Sylt of the London INDEPENDENT. Giving evidence last week during a trial surrounding CVC’s purchase of F1, CVC co-Chair Donald Mackenzie told the High Court that RBS and U.S. ...

Tags: Finance

Pacquiao Promoter Defends Tax Row

Boxer Manny Pacquiao's promoter, Bob Arum, said that he "expects certified US tax paperwork for the Philippine boxing hero to be received by authorities in his homeland 'very soon' after they froze the fighter’s assets," according to the AFP. Arum said that allegations of 2.2B pesos ($50M) in ...

Tags: Finance

Hoffenheim Reports $5.7M Loss For '12-13

Bundesliga club TSG Hoffenheim has released its financial numbers for the '12-13 fiscal year in which it lost €4.2M ($5.7M), according to the SWR. Hoffenheim CFO Frank Briel said, "The effects of the previous season will negatively affect the operating result of the current '13-14 fiscal year." ...

Tags: Finance, Europe

Milne Insists Aberdeen Not Under Threat

Scottish Premiership side Aberdeen Chair Stewart Milne insisted on Tuesday that the club is in "sound financial health" -- despite having debts of more than £15M ($24M), according to Michael Gannon of the Scotland DAILY RECORD. The club made losses last year of &p ...

Tags: Finance, United Kingdom

Mexico's WC Berth To Impact Economy

Mexico's participation in the 2014 World Cup will "serve to reactivate the country's economy," according to Marisela López of LA AFICION. Liga MX side Santos Laguna Commercial Dir Manuel Portilla White said, "The World Cup sets off many things and is an economic stimulant. When it begins, it ...

Tags: Finance, North America

Dortmund To Pay $8.2M In Dividends

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Tags: Finance, Europe

Four Scottish Clubs Finances 'Critical'

A new report by corporate rescue and recovery specialists Begbies Traynor reveals that four football clubs in the top three Scottish divisions "were facing 'critical' financial pressure at the end of last month," according to the SCOTSMAN. The Football Distress Survey also found that a further 16 cl ...

Tags: Finance, United Kingdom

Ecuador Football Facing Financial Crisis

This year, teams competing in the top divisions of Ecuadorean football are facing "realities including clubs playing games with reserves as starters have refused to play over lack of payment and footballers becoming sick during practices from not eating as a result of delayed payment," according to ...

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