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Staveley Says Reuben Brothers Were Among Co-Investors In Failed Newcastle Bid

Published in SportsBusiness Daily Global on 01 / 19 / 18

A "major British family investor," the first to be named by businesswoman Amanda Staveley as a financial backer of her £250M ($347.3M) bid to buy Premier League side Newcastle United, said that it is no longer "planning to invest in the club,...

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03/22/17
CA Proposes New Pay Deal

Cricket Australia proposed a new pay deal to players "which offers large salary increases, particularly for women, but breaks with the 20-year model of a fixed percentage of revenue from the game going to the cricketers," according to Nick Mulvenney of REUTERS. The A$419M ($322.6M) offer is a 35% in ...

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03/22/17
Mohed Altrad Ready To Close Gloucester Deal

Top14 side Montpellier Owner & President Mohed Altrad "hopes to have his proposed takeover" of Premiership rugby side Gloucester confirmed by European Rugby execs this week, according to Daniel Schofield of the London TELEGRAPH. The takeover bid has been "rumbling on for several weeks with ...

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03/21/17
Leyton Orient Given Stay Of Execution

League Two side Leyton Orient "survived an immediate winding-up order" but the club remains in "mortal danger," according to the legal adviser to its fans' trust, according to the BBC. At a winding-up hearing at the High Court, Leyton Orient Owner Francesco Becchetti was given until June 12 "to pay ...

Tags: Finance, United Kingdom

03/21/17
Vivendi CEO Accuses Mediaset

Vivendi CEO Vincent Bolloré accused Italian group Mediaset of providing "misleading" information during negotiations over a tie-up last year, "upping the stakes in the acrimonious stand-off" between former Italian PM Silvio Berlusconi and Bolloré, according to David Bond of t ...

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03/20/17
Scottish Sport Facing Cutbacks

Scottish sport "faces a scramble to attract outside investment" to avoid a "flurry" of program cutbacks and job cuts after the "full extent of Scottish Government cutbacks were unveiled," according to Mark Woods of the SCOTSMAN. A total of £2M ($2.5M) has reportedly "been stripped from th ...

Tags: Finance, United Kingdom

03/20/17
RQ Expects A$72M-A$74M In '16-17

Racing Queensland forecast the new Race Information Fee schedule to "bring up to an additional" A$15M ($11.5M) to the industry this financial year, according to Nathan Exelby of the Brisbane COURIER-MAIL. Racing Minister Grace Grace said that the forecast for '16-17 was between A$72M-A$74M ($55 ...

Tags: Finance, Australia

03/17/17
Six AFL Players Earned Over A$1M In '16

The Australian Football League's "millionaires club" had six members in '16, with two players in that group earning more than A$1.2M, according to Scott Spits of THE AGE. In a year where average player salaries grew to A$309,208 and the total wage bill for the 718 players was A$204.3M, "the number o ...

Tags: Australia, Finance

03/17/17
Tinopolis For Sale With £300M Price Tag

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03/17/17
Finance Notes

Nigerian football clubs are " set to list on the on the NASD OTC Securities Exchange " by the third quarter. NASD OTC Securities Exchange Managing Dir & CEO Bola Ajomale said, "We are opening up an opportunity for the clubs to access private funding as required and use such funds in improving ...

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Rangers' Tax Case Reaches Supreme Court

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