Featured Story

Labour Party Floats Levy On EPL TV Rights To Support Grassroots Football

Published in SportsBusiness Daily Global on 07 / 24 / 14

Britain's Labour Party has accused Premier League clubs of "not contributing enough to grassroots football and suggested that they may be compelled to pay a levy on revenue from television rights," according to Pickard & Blitz of the FINANCIAL TIMES. Shadow Culture Secretary Harriet Harman "is a...

Read More

Tags: Media, United Kingdom

More Stories

08/29/13
Chime Sports Division Profits Fall 40%

Profits at Chime's sports division slumped 40% in the first half of the year as "the hangover from the London Games took its toll," but the communications group has predicted a bumper '14 fueled by the Brazilian World Cup, according to Mark Sweney of the London GUARDIAN. Chime's performance "was pul ...

Tags: Finance, United Kingdom

08/29/13
U.K. Sportswear Markets Grows 5.4%

Research and Markets estimates that the U.K. sportswear market grew in value by 5.4% in '12, with sports clothing accounting for approximately 71% of total market value and sports footwear making up the remaining 29%. Participation in sports and activities can directly affect the sportswear market, ...

Tags: Finance, United Kingdom

08/29/13
Valencia To Make Interest Payments

Spanish bank Bankia has demanded that La Liga side Valencia's majority shareholder VCF Foundation and its guarantor, the Valencian government, "complete a payment" of €4.8M ($6.4M) in interest from a loan the VCF Foundation received in '09 for €81M ($108M), according to the EP. The VCF Fou ...

Tags: Europe, Finance

08/27/13
Flushing Meadows Ups Financial Ante

Two years ago, U.S. Open tournament referee Brian Earley’s "controversial decision to send some of the sport’s biggest names out to play on courts which they thought were dangerous set in train a sequence of events for which the Grand Slam tournaments are literally still paying," accordi ...

Tags: Finance, North America

08/26/13
Waddell & Reed Invest In COTA Racetrack

The N.Y.-listed fund manager which owns the second-largest stake in F1 "has invested in Circuit of the Americas," the Texas race track which is home to the U.S. Grand Prix, according to Sylt & Reid of the London TELEGRAPH. The move by Waddell & Reed gives F1 closer links to the U.S. where "i ...

Tags: Finance, North America

08/26/13
Legacy Fears Cloud Brazil World Cup

When Brazil was awarded the right to host the 2014 World Cup, the country's then Sports Minister "promised that not a penny of taxpayers' money would be spent on building and refurbishing stadiums," according to Andrew Downie of AL JAZEERA. However, with only half of the venues ready, "spending on t ...

Tags: Finance, Brazil

08/26/13
Economic Crisis Takes Toll On La Liga

La Liga side Málaga has "come to symbolise the excesses of Spanish club football like few others," according to Tobias Buck of the FINANCIAL TIMES. At one point last season, "the cash-strapped club was unable to pay players' salaries." UEFA found Málaga's finances were in such di ...

Tags: Finance, Europe

08/23/13
Dortmund Announces Record Profit

Bundesliga club Borussia Dortmund "has generated record revenue" of €305M ($408M) and "record profit during the past fiscal year," according to BILD. The club generated a profit of €53.3M ($71M) during the '11-12 fiscal year. It "is the highest profit of a club in the history of the Bundes ...

Tags: Finance, Europe

08/23/13
Salary Boost To Keep All Blacks At Home

A NZ$1.8M ($1.4M) boost in salaries for the New Zealand All Blacks "will help retain leading players over the next three years," according to Liam Napier of FAIRFAX NZ NEWS. The "early Christmas present" could see the salaries of key players such as All Blacks captain Richie McCaw and ...

Tags: Finance, Asia

08/23/13
Korea To Add 40,000 Jobs In Sport

Korea's Culture, Sports & Tourism Ministry said Thursday that "it had set a goal of adding 40,000 more jobs in the country's sports sector," according to Lee Woo-young of the KOREA HERALD. The ministry has drawn up strategies to expand the sports market from 37T won ($32B) this year to 53T ($47B ...

Tags: Finance, Asia

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug