Featured Story

Foot Locker Shares Plunge Following Quarterly Sales Report

Published in SportsBusiness Daily Global on 05 / 22 / 17

Investors "dumped Foot Locker like a stinky pair of trainers after the firm reported slow quarterly sales," according to the BBC. The N.Y.-based athletic-wear chain said that "sales in the February-to-April period rose 0.5%" from '16 at stores open at least a year. The news "sent shares of the compa...

Read More

Tags: Finance

More Stories

08/26/16
Finance Notes

Former ManU player Gary Neville "has already taken on his old football club in his new career as property developer ." Now he is "in a battle with the heritage lobby ." Neville and former teammate Ryan Giggs "have signed up Asian investors to transform a historic part of Manchester." B ...

Tags: Finance

08/25/16
Hull City Takeover Appears Imminent

China's "investment assault on European football has gathered further momentum" as a Chinese takeover of Premier League club Hull City "appears imminent," according to CHINA DAILY. The sale of Hull City to siblings Dai Yongge and Dai Xiu Li "is imminent." The pair recently registered a new U.K.-base ...

Tags: Finance, Asia, United Kingdom

08/25/16
Paddy Power Betfair Falls To Loss

The £7B ($9.26B) merger of Paddy Power and Betfair "has started to pay off" after the combined company said that cost savings "would be achieved a year ahead of schedule and be greater than initially forecast," according to Nic Fildes of the FINANCIAL TIMES. However, the tie-up, completed ...

Tags: Finance, United Kingdom

08/25/16
Scottish Clubs Set For CL Payday

Scottish Premiership sides will gain over £200,000 ($264,550) each "following Celtic's progression to the Champions League group stage," according to STV. Teams in this season's top flight "will benefit from a solidarity payment handed out to leagues with participants in Europe's top club comp ...

Tags: Finance, United Kingdom

08/24/16
China's Spending May No End With LFC

When John Henry bought Liverpool in '10, China’s currency was trading at 6.7 yuan to the dollar and "heading higher," according to Tom Mitchell of the FINANCIAL TIMES. It would eventually peak in early '14 at six yuan to the greenback. It is doubtful that Henry "gave much thought to how many r ...

Tags: Finance, Europe

08/24/16
Kobe Bryant Unveils VC Tech Fund

Former NBA player Kobe Bryant on Monday unveiled his new $100M venture-capital tech fund, and while he "acknowledges he's no expert on the tech industry," there are "areas where he's been prescient, including Asia," according to Dave & Lien of the L.A. TIMES. His partner, Jeff Stibel, said that ...

Tags: Asia, Finance

08/23/16
Leverkusen Unveils Record Profit

Bundesliga club Bayer Leverkusen "unveiled its financial results for the '14-15 season in which it made a record profit," according to Thomas Gassmann of the EXPRESS. The club, which is owned by pharmaceutical company Bayer, generated a profit of & ...

Tags: Finance, Europe

08/23/16
Perform Group Rebuffs U.S. Investors

Perform Group, the sports media company owned by billionaire Len Blavatnik, has rebuffed "a string of approaches" from U.S. tech firms and media powerhouses "to go it alone" in an attempt to become "Netflix for sport," according to Christopher Williams of the London TELEGRAPH. The former FTSE&t ...

Tags: Finance

08/23/16
Rival Suitors Eyeing Liverpool Stake

A consortium led by state-owned financial conglomerate Everbright is reportedly "not the only Chinese group to have looked at investing in English football giant Liverpool, with the club attracting interest from Fosun, property-to-film group Dalian ...

Tags: Finance, China, United Kingdom

08/22/16
Dortmund Reports Record Revenue

Borussia Dortmund recorded the highest turnover in its history in the past financial year, with group revenue increasing by 36.6% to a record €376.3M ($426M). Excluding transfer fees, group revenue rose by 6.7% to a record €281.3M ($318M) ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug