Featured Story

U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

Read More

Tags: Finance, United Kingdom

More Stories

05/16/13
Finance Notes

Brown Shoe Company has announced that it is selling Avia, its brand of running, walking and fitness-oriented footwear, along with Nevados, an outdoor shoe brand, to Galaxy Brand Holdings for $74M ( ISPO ). ... Bike manufacturer Specialized and Invista, the brand owner of Coolmax and Lycra, joined fo ...

Tags: Finance

05/15/13
Puma Cuts Full-Year Profit Forecast

Germany-based sportswear brand Puma "cut its revenue and profit forecasts for this year after reporting first-quarter earnings that trailed analysts’ estimates," according to Andrew Roberts of BLOOMBERG. Europe’s second-largest maker of sporting goods "now expects a low-to-mid-single dig ...

Tags: Finance, Europe

05/15/13
Finance Notes

Adidas reports that three shareholders have surfaced from the limit of 5% "where ownership of shares and corresponding voting rights have to be publicized." Frankfurt-based Commerzbank "raised its voting rights" to 7.90%. Sweden’s Skandinaviska Enskilda Banken (SEB) and its German subsidiary i ...

Tags: Finance

05/14/13
Football Players Salary Based On Metrics

There are signs that the Premier League's "la-la land wage economics -- a fat salary guaranteed, regardless of performance, with a little cream on top -- may soon subtly shift," according to Sean Ingle of the London GUARDIAN. In January, Liverpool Managing Dir Ian Ayre revealed the club's plans "for ...

Tags: Finance, United Kingdom

05/14/13
NRL Salary Cap To Increase By 2017

The National Rugby League salary cap will officially increase to A$7M ($6.97M) in '17 -- "but could rise even higher if additional money comes into the game," according to Adrian Proszenko of the SYDNEY MORNING HERALD. The Australian Rugby League Commission and the Rugby League Players’ Associ ...

Tags: Finance, Australia

05/14/13
Finance Notes

Switzerland's leading shoe and sporting goods retailer Dosenbach-Ochsner "increased its total sales significantly in the last year with its Dosenbach, Ochsner Sport and Ochsner Shoes banners." The subsidiary of Deichmann, "Europe's largest shoe retail company," improved its total turnover from CHF 8 ...

Tags: Finance

05/10/13
Melbourne Storm Sale Nearly Final

National Rugby League Melbourne Storm's "long-awaited sale is expected to be finalised next week" with a consortium of England-based businessmen with connections to Harlequins Rugby Union Club, according to Josh Massoud of the DAILY TELEGRAPH. Just more than three years since the salary cap scandal, ...

Tags: Australia, Finance

05/10/13
Finance Notes

U.S. retailer Foot Locker is buying Runners Point, the German athletic footwear and apparel chain, for €72M ($93.7M). The majority of shares in Runners Point are held by Hannover Finanz, a German private equity investor, while the remaining shares are owned by the chain’s senior managemen ...

Tags: Finance

05/09/13
Manchester United Shares Fall 5%

Shares in ManU fell almost 5% on news of Manager Alex Ferguson’s departure "and continued to fall," according to Graham Hutson of the LONDON TIMES. The club is listed on the N.Y. Stock Exchange and "the share price slide has been seen as a reflection of the lack of confidence investors have wi ...

Tags: Finance, United Kingdom

05/09/13
Brazil Considers Transfer Rights Ban

The Brazilian government "is planning to propose banning soccer teams from selling player-transfer rights to investors, a key source of revenue for many of the country’s cash-strapped clubs," according to Panja & Colitt of BLOOMBERG. The plan "is part of a wider bill that will be sent to ...

Tags: Finance, Brazil

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug