Featured Story

IMG Names Fox Sports Exec Karen Brodkin President Of Business Affairs

Published in SportsBusiness Daily Global on 09 / 03 / 14

IMG on Tuesday named KAREN BRODKIN President of Business Affairs. The longtime Fox Sports exec will work out of IMG’s office in L.A. and manage all of IMG’s legal and contractual work worldwide. The position is the latest in a series created by IMG’s new owner WME as it looks to ...

Read More

Tags: People and Pop Culture, North America

More Stories

LFP Boss Analyzes League's Finances

Spanish Football League (LFP) President Javier Tebas said that league management "will not allow the extent of debt that clubs have accumulated in recent years," according to MARCA. Tebas highlighted that "last season, teams reduced their debts by 12%." Tebas: "We are being very vigilant with our de ...

Tags: Europe, Finance

UEFA Audit Shows $6.7B In Fixed Assets

A UEFA audit of the 237 clubs competing in this season's Champions League and Europa League found that the clubs hold €4.9B ($6.7B) "worth of long-term assets," according to Peter Staunton of GOAL. The audit also found that more than "half of the clubs competing in Europe this season still pla ...

Tags: Europe, Finance

Portuguese Side Porto Posts $28M Profit

Portuguese side FC Porto has turned in a "chunky" €20.3M ($27.8M) profit for the '12-13 season, according to Gareth Messenger of INSIDE WORLD FOOTBALL. The profit "came against a loss" of €35.7M in the previous campaign and "despite a 39% slump in ticket revenue." Porto Dir Angelino Ferrei ...

Tags: Finance, Europe

Racing Santander's Capital Increase Flops

Spanish third division side Racing Santander’s future "looked bleak on Thursday after the cash-strapped Spanish club said a capital increase designed to save them from financial ruin" raised €33,664 ($45,995) and "had to be abandoned," according to Iain Rogers of REUTERS. The club, which ...

Tags: Europe, Finance

Pay Cuts Looming For Australian Rugby

Australia's national rugby team's players "are poised to accept pay cuts to help stop the cash-strapped code going broke," according to the AAP. The Australian Rugby Union's "survival is at stake as it sits in a perilous financial position" after recording a A$19M ($18M) deficit in the past two year ...

Tags: Australia, Finance

N. Melbourne To Record 'Bumper Profit'

Australian Football League side North Melbourne is "set to record a bumper profit" of more than A$1M ($950,000) as the "club creeps closer to a deal" on St. Kilda's Nick Dal Santo, according to Jon Ralph of the HERALD SUN. Once "prime candidates for relocation to the Gold Coast," North Melbourne wil ...

Tags: Australia, Finance

Some NRL Clubs Unhappy With Grant

Financially "struggling" National Rugby League clubs were on Tuesday "hurled a much-needed lifeline -- although some weren't completely satisfied," according to Dean Ritchie of the DAILY TELEGRAPH. Some clubs "aren’t thrilled with the deal." Two CEOs contacted for comment "did not want to ...

Tags: Australia, Finance

Chernin Joins CVC Bid For IMG

F1 Owner CVC Capitial has enlisted "one of the world's most prominent media executives to strengthen its bid for control of IMG," according to Mark Kleinman of Sky News. CVC Capital, which owns roughly one-third of F1's parent company, has "joined forces with an investment group headed by" former Ne ...

Tags: Finance, United Kingdom, Europe, North America

Barcelona Boss Pleased With Club Finances

Barcelona President Sandro Rosell has "praised his own financial management of the club after an annual general meeting predicted record revenues," according to Gareth Messenger of INSIDE WORLD FOOTBALL. The meeting "reviewed Rosell's current three-year term as president of the Catalan club" as well ...

Tags: Europe, Finance

Espanyol Seeking 'Fresh Money' In Mexico

La Liga side Espanyol President Joan Collet on Sunday “headed to Mexico,” according to Rogelio Román of MUNDO DEPORTIVO. Collet, “as he has already tried multiple times in less than one year as president, is looking to Mexico to seal some type of agreement with investors tha ...

Tags: Europe, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug