Featured Story

Arsenal Manager Arsène Wenger Suggests Financial Fair Play Has Become Meaningless

Published in SportsBusiness Daily Global on 08 / 31 / 15

As the Premier League's richest clubs "contemplate their last lavish moves before the closure of the transfer window," Arsenal Manager Arsène Wenger has "lamented the failure of the FFP experiment," according to Amy Lawrence of the London GUARDIAN. Financial fair play was introduced in '...

Read More

Tags: Finance, United Kingdom

More Stories

12/15/14
Russians Allocate $83M To Crimea

Last week UEFA announced it was "banning clubs in the annexed Crimea region of Ukraine" from playing in any Russian-organized football competitions, according to Paul Nicholson of INSIDE WORLD FOOTBALL. This week the Russians have announced an $83M aid package to "rebuild Crimean sports infrastructu ...

Tags: Finance, Russia

12/15/14
ATP Prize Money To Reach $100M In '15

The Association of Tennis Professionals said on Friday that prize money on the men's tennis tour will reach $100M for the first time in '15, according to Andrew Both of REUTERS. ATP World Tour purses will "then climb even higher," to $135M by '18. The figures "do not include grand slam events, which ...

Tags: Finance

12/15/14
FFF Posts Profit For '13-14 Season

French Football Federation Treasurer Denis Trossat announced Saturday that net income for the FFF for the ’13-14 season (July 1, 2013-June 30, 2014) amounted to €267,000 ($332,775), according to the AFP. This is the "fourth consecutive positive net return" for the federation (after € ...

Tags: Finance, Europe

12/15/14
Lawn Tennis Association To Cut Funding

Funding for "up-and-coming British tennis players is to be severely cut in an attempt to develop more players who can survive in the world's top 100," according to Russell Fuller of the BBC. The Lawn Tennis Association will "phase out existing levels of support over the next year, giving players who ...

Tags: Finance, United Kingdom

12/12/14
Nike Sues Three Former Shoe Designers

Nike "is accusing three of its former senior shoe designers of stealing its commercial secrets" and making off for German rival adidas, which announced in September the trio would staff its new urban footwear design studio in Brooklyn, according to Andrew Chung of REUTERS. A lawsuit filed in Oregon ...

Tags: Finance, North America

12/12/14
Erfurt Generates Profit Of $1.05M

German 3rd League football club Rot-Weiß Erfurt generated a profit of €850,000 ($1.05M) for the '13-14 season, according to Marco Alles of the THÜRINGER ALLGEMEINE. Club President Rolf Rombach told the 196 attending members at the annual general meeting that the team made more t ...

Tags: Finance, Europe

12/12/14
TAB To Investigate Computer Breakdown

Australian racing and sports betting operator TAB has launched an investigation into a "major breakdown" of its computer system, which “cost it hundreds of thousands of dollars and infuriated punters who could not place bets for up to three hours” on Thursday, according to Timms & St ...

Tags: Finance, Australia

12/12/14
Sports Direct Profits Rise To $252.2M

Sports Direct, the sportswear retailer owned by billionaire Mike Ashley, has reported a "rise in half-year profits despite a warm autumn that has hit a string of clothing retailers," according to Kadhim Shubber of the FINANCIAL TIMES. The company also "shrugged off the effect of England's poor perfo ...

Tags: Finance, United Kingdom

12/12/14
Ferrari Mulling Relocation To U.K.

Ferrari is considering moving its headquarters to the U.K. to "escape Italy's onerous corporate taxes" as the manufacturer reportedly "prepares to float," according to Wright & Tovey of the London TELEGRAPH. The company will "keep its manufacturing operation in Maranello, Italy, just south of Mi ...

Tags: Finance, Europe, United Kingdom

12/11/14
Ukrainian Woes Hit Football Clubs

Ukraine's football clubs' financial situation is growing worse against the backdrop of the struggling economy and the national currency, hryvnia, continuing to fall against the dollar. "The situation is difficult, and some clubs are facing serious financial problems," a spokesperson for the Ukrainia ...

Tags: Finance, Russia

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug