Featured Story

U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

Read More

Tags: Finance, United Kingdom

More Stories

05/06/13
Adidas Says It's Clean In Hoeneß Case

Adidas insisted that "it had done nothing wrong and was 'clean' after an internal investigation into claims that a top official at Bayern Munich, Germany’s wealthiest football club, was lent millions of euros" by the sports goods maker's former CEO, according to James Wilson of the FINANCIAL T ...

Tags: Finance, Europe

05/06/13
Forstmann Little Seeking Buyer For IMG

Equity firm Forstmann Little & Co. is working with Morgan Stanley and Evercore Partners Inc. "to find a buyer" for talent agency IMG Worldwide Inc., according to Saitto, Soshnick & Fixmer of BLOOMBERG. Two people, who asked not to be named because the process is private, said that the busin ...

Tags: Finance

05/03/13
ManU Reports Record 3Q Turnover

New EPL champions ManU recorded a 30% "increase in revenues in the third quarter on the back of more sponsorship deals," according to Roger Blitz of the FINANCIAL TIMES. However, the club "also saw its wage bill rise" by 25% from player signings and wage demands. ManU reported revenues of £91. ...

Tags: United Kingdom, Finance

05/01/13
Mönchengladbach Nets Record Profit

Bundesliga club Borussia Mönchengladbach "has released its financial results for '12" in which it generated a profit of €15M ($20M), according to Karsten Kellermann of RP ONLINE. The club's revenue was €122M ($161M). In '11, Mönchengladbach had a revenue of €78M. The results ...

Tags: Finance, Europe

05/01/13
Former Cricketer Sues Financial Advisor

A financial advisor to the stars "is being sued by former England cricketer Paul Collingwood and his wife" -- who claim his negligent advice cost them at least £300,000 ($466,000) of their life savings, according to the MANCHESTER EVENING NEWS. Roderick Langham, who was managing director of Di ...

Tags: Finance, United Kingdom

05/01/13
World Cup Berth Could Mean $2.75M

Chile's National Professional FA (ANFP) has come to an agreement with the Chilean national football team about the distribution of the prize money the country will receive from FIFA if it qualifies for the 2014 World Cup, according to EMOL. The ANFP decided that half the bonus money will go to the C ...

Tags: South America, Finance

05/01/13
Xerex Football Club's Future Undecided

The institutional future of Spanish second-division side Xerex will not be declared as soon as expected, according to Higinio Domínguez of AS. There was no meeting of the administration council on Monday and club president Rafael Mateos did not announce his resignation. There is currently is ...

Tags: Finance, Europe

04/30/13
Blackburn Pay Berg For Unfair Dismissal

League Championship club Blackburn Rovers have been ordered to pay £2.25M ($3.5M) to former Manager Henning Berg "after he won a claim against the club at court," according to James Riach of the London GUARDIAN. Berg was sacked in December after just 57 days in charge, but "will now be paid f ...

Tags: Finance, United Kingdom

04/30/13
Williams F1 Loses $7.7M In '12

Williams Grand Prix Holdings PLC, which includes Williams Grand Prix Engineering Ltd. and Williams Hybrid Power Ltd., which combines the traditional F1 business and activity that commercializes F1 derived intellectual property, reported a loss before taxation of £5M ($7.7M), according to the G ...

Tags: Finance, United Kingdom

04/30/13
Finance Notes

The revenues of VF Corp. went up by only 2% in the first quarter ended March 31, hitting $2.6M, due to delayed shipments of spring/summer merchandise and a tough comparison with the strong first quarter of '12. However, the group’s gross margin rose by 2.4 percentage points to 48.1%, setting a ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug