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Tour De France A Bargain For Sponsors As Team Sponsorships Drop 50%

Published in SportsBusiness Daily Global on 07 / 29 / 14

The Tour de France "is a bargain for sponsors, courtesy of Lance Armstrong," according to Danielle Rossingh of BLOOMBERG. The event "could once demand large investments from potential backers." Hilversum, Netherlands-based sports marketing consultant Frank van den Wall Bake said that tainted by dopi...

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Tags: Marketing and Sponsorship, Europe

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Finance Notes

The sharp devaluation of the Indian rupee against the U.S. dollar "has given no reason to smile for the sports goods exporters." One would understand that devaluation "would have brought windfall to exporters with higher profit margins, but the labour intensive industry is in fact weighed down ...

Tags: Finance

FIFA: Transfers Up 29% From Last Year

FIFA announced on Tuesday that there were 10,454 int'l football transfers in '13 worth a total of $3.36B, an increase of 29% from last year. Declared commission paid to club intermediaries was up 20% to $169M. Most transfers saw players move from Portugal to Brazil and from Argentina to Chile. The s ...

Tags: Finance, United Kingdom, Europe

Real Expects Rush For Bale Jersey Sales

In signing former EPL Tottenham Hotspur forward Gareth Bale, Real Madrid is getting "not only a world-class footballer, but also a potential gold mine in advertising contracts," according to Carlos Forjanes of AS. Bale's media cache "has multiplied in the last few years despite him competing for a c ...

Tags: Europe, Finance

Punk Rock Band Donates Concert Revenue

A charity concert by German punk rock band Toten Hosen generated around €400,000 ($528,000) that the band will donate to German Hockey League (DEL) club Dusseldorf EG, according to the SID. During the Rot-Gelben Nacht (Red-Yellow Night) at the ISS Dome, which is the DEG's home arena, the band " ...

Tags: Finance, Europe

EuroSpeedway Hopes For Financial Lift

The EuroSpeedway Lausitz "would like to receive financial support from the state government and therefore hopes for a positive response from the European Union," according to Norman Fischer of MOTORSPORT TOTAL. The racetrack, which opened in 2000, "is looking at an uncertain future." The track's con ...

Tags: Europe, Finance

Real To Set New Player Transfer Record

Football’s new record transfer "is close to completion following a summer of tortuous debate and wrangling after Tottenham Hotspur finally admitted it was in 'the final stages' of transferring" Welsh player Gareth Bale to Real Madrid, according to Roger Blitz of the FINANCIAL TIMES. Tottenham ...

Tags: Finance, United Kingdom

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

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

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

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

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