Featured Story

Sports Clubs Looking At New Finance Models After Banks Withdraw From Lending

Published in SportsBusiness Daily Global on 05 / 26 / 15

As U.K. banks "have withdrawn from lending, sports have had to be more creative about financing developments, and new research from the University of Cambridge suggests that there is a large pool of untapped money from supporters for the right deal," according to Malcolm Moore of the FINANCIAL TIMES...

Read More

Tags: Finance, United Kingdom

More Stories

10/08/14
Tim Cahill Caught In Tax Crackdown

Australian footballer Tim Cahill has been "linked to an investigation by British authorities into a tax avoidance scheme," according to Daniel Beizsley of THE AGE. Thousands of "wealthy investors have begun to receive accelerated payment notices from the tax authorities in a government bid to recoup ...

Tags: Australia, Finance

10/08/14
NZ Open Boosts Prize Pool To $800,000

New Zealand's "flagship golf tournament" has increased its prize pool to NZ$1M ($780,000) and will be broadcast live in NZ and Japan, according to Wynne Gray of the NEW ZEALAND HERALD. The NZ Open has joined up with new naming rights sponsor BMW for the "tier one tournament on the PGA Tour of Austra ...

Tags: Finance, Australia

10/07/14
Spain's CSD Considering Tweaking Law

Spanish Superior Sports Council (CSD) President Miguel Cardenal announced the "possibility of making an adaptation" to Spain's "Real Decreto," which "has regulated Spain's distribution of funds from sports betting" since '13, according to the EFE. That amendment, "intended to support general sports ...

Tags: Europe, Finance

10/07/14
F1 Reveals '13 Profit Of $530 Million

F1 has revealed that its profits "accelerated past" the $500M mark on revenue of $1.7B last year "driven by new sponsorship deals with luxury watchmaker Rolex and the Emirates airline," according to Christian Sylt for the London TELEGRAPH. The results, including profit of $530.7M, were disclosed in ...

Tags: Finance, Europe

10/06/14
Beckham's Income Drops By 10%

David Beckham's "income from personal sponsorship deals" dropped by around 10% in the year the former ManU and Real Madrid player retired from football, according to Rob Harris of the AP. The '13 accounts for the company that handles Beckham's personal endorsements, Footwork Productions, "showed tha ...

Tags: Finance, United Kingdom

10/06/14
Messi To Stand Trial For Tax Evasion

A Barcelona judge "has turned down" Lionel Messi's appeal "for charges of tax evasion against him to be dropped," according to MARCA. The judge believed that the player "could have been aware of the actions of his father, Jorge Horacio Messi, who is his agent and is responsible for all of his financ ...

Tags: Finance, Europe

10/06/14
CVC Could Revisit F1 Singapore IPO

CVC Capital Partners Ltd. "revived plans for an initial public offering of Formula One in the event that talks to sell the auto-racing group fall apart," according to Koh, David & Porter of BLOOMBERG. Sources said that the London-based buyout firm "is working with Goldman Sachs Group Inc., Morga ...

Tags: Finance

10/03/14
Austrian Bundesliga Player Earnings

Almost a quarter of Austrian Bundesliga football players earn less than €30,000 ($38,000) annually before taxes, according to KURIER. The image of Austrian Bundesliga players "as overpaid professionals does not correspond with reality." That is the result of a survey conducted by the associatio ...

Tags: Finance, Europe

10/03/14
Mike Ashley Takes Over 9% Of Rangers

EPL side Newcastle United Owner Mike Ashley "can be revealed" as Scottish Championship side Rangers' "mystery shares buyer" as he takes a 9% stake in the club, according to Matt Coyle of STV. Investment management firm Hargreave Hale this week sold its 5.23% holding in the Ibrox club, around £ ...

Tags: Finance, United Kingdom

10/03/14
RFEF President Touts Strength Of LFP

Following comments from Spanish Minister for Tax & Administration Cristóbal Montoro, who " demanded that football clubs resolve their tax debts ," Spanish Football Federation (RFEF) President Ángel María Villar said, "Spanish football is a power and it has teams with worldwi ...

Tags: Europe, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug