Featured Story

Wycombe Wanderers Clear Debt Owed To Ex-Owner Following Ibe's Sell-On Clause

Published in SportsBusiness Daily Global on 12 / 02 / 16

League Two side Wycombe Wanderers "cleared off a debt in the region of" £1M ($1.26M) to ex-Owner Steve Hayes "through a Jordon Ibe sell-on clause," according to the BBC. Ibe "came through Wycombe's youth ranks" before moving to Liverpool in '12 and joined Premier League side Bournemouth in a C...

Read More

Tags: Europe, Finance

More Stories

03/02/16
Murray Doubles Up With Seedrs

British tennis player Andy Murray revealed the first five companies who "will benefit from his personal investment as part of a partnership with crowdfunding platform Seedrs," according to Billy Wood of BDAILY. Among them is the U.K. digital platform for independent magazines, Readbug, which has bee ...

Tags: Finance, United Kingdom

03/02/16
Construction Caused British GP Finance Woes

The British Grand Prix "was the first race on the Formula One calendar in 1950 and attracts the biggest crowds today with 140,000 spectators," according to Christian Sylt for FORBES. So "how have the organizers of the race got into so much financial difficulty that they have been driven to sell the ...

Tags: Finance, United Kingdom

03/01/16
Sports Direct Investors Kick Out At Mike Ashley

Billionaire Sports Direct Founder Mike Ashley is "facing fresh calls from investors to shake up the company's board and replace the chairman," according to David Oakley of the FINANCIAL TIMES. Some shareholders have become "increasingly disillusioned" with the way Ashley, who is deputy chair and own ...

Tags: Finance, United Kingdom

03/01/16
WCCC Announces Surplus Of $254,000

Worcestershire County Cricket Club announced a surplus after tax of £182,412 ($254,000) for the 12-month period ending Dec. 31. This compares with £58,772 for the previous period and is the sixth successive year the County recorded a surplus after tax. The club is starting to see the ben ...

Tags: Finance, United Kingdom

03/01/16
Arsenal Cash Reserves Dropped Dramatically

Arsenal "swung to a net loss" of £3.4M for the first half of the '15 fiscal year, while the club's cash reserves "dropped dramatically compared to six months earlier to £135.9M," according to Mattias Karen of ESPN. Arsenal presented its financial results for the six-month period ending N ...

Tags: Finance, United Kingdom

03/01/16
Serie A Doubles Parachute Payments

Italy's Serie A agreed to "double parachute payments for relegated teams this season," according to FOOTBALL ITALIA. There was a meeting of the league Monday to discuss the distribution of TV rights, with parachute payments a "particular bone of contention." It was eventually agreed that the to ...

Tags: Finance, Europe

02/29/16
Puma To Invest In Handball

Puma "will increase its investment in handball," according to Henning Eberhardt of SPONSORs. The German company is trying to establish a second pillar in team sports. Puma DACH GM Matthias Bäumer said, "In addition to football, Puma will, in the area of team sports, put an increased focus on ha ...

Tags: Finance, Europe

02/29/16
Wanda Group Sets Sights On Europa City

Chinese real-estate and entertainment conglomerate Dalian Wanda Group is "widening its global ambitions, considering plans to make big investments in France," according to Wu & Burkitt of the WALL STREET JOURNAL. The Chinese company "is in advanced talks to invest in a retail and cultural d ...

Tags: Finance, Europe

02/29/16
Everton Is Sold For £200M

Premier League side Everton's search for major investment "is finally over" after an Iranian-born British citizen agreed to a £200M ($277.6M) takeover, according to Jonathan Northcroft of the SUNDAY TIMES. Farhad Moshiri, until Friday a significant stakeholder in Arsenal, is yet to reveal his ...

Tags: Finance, United Kingdom

02/29/16
Financial Notes

LONG-TERM INVESTMENT : Uzbek-born Russian billionaire Alisher Usmanov  "increased his influence at Arsenal after purchasing 18,695 shares," giving him a 30.04% controlling stake in the north London club. He has taken over Farhad Moshiri 's Arsenal stake and the move "means that the 62 ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug