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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...

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Tags: Finance, United Kingdom

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04/24/13
Wimbledon Announces 40% Payout Hike

Wimbledon "shattered the prize money ceiling" Tuesday when it announced a 40% year-on-year increase for the '13 tournament, according to Neil Harman of the LONDON TIMES. The "largest financial pot ever" in tennis history includes a 39% increase in prize money for the two champions and "huge benefits ...

Tags: Finance

04/24/13
Diputación Saves Uxúe Bilbao

The Diputación Foral de Bizkaia will save Spanish basketball club Uxúe Bilbao with a contribution of €5.2M ($6.8M), according to Alfonso Herrán of AS. Uxúe is being given the money so it can avoid disappearing, but €3.7M ($4.8M) will be used to pay off the club' ...

Tags: Finance, Europe

04/24/13
Fast Retailing To Unify Wages

As part of its efforts to recruit skilled workers and expand its global business by offering higher wages, the operator of the Uniqlo clothing chain "will unify its payment system for its employees and executives worldwide," according to KYODO. Employees of Fast Retailing Co. around the world in th ...

Tags: Finance, Japan

04/23/13
Swiss Football Club Files For Bankruptcy

Swiss second-tier football club AC Bellinzona "has to file for bankruptcy after administrator Marco Ambrosini denied a request for a two week extension," according to the NEUE ZÜRCHER ZEITUNG. The lawyers of club President Gabriele Giulini requested an extension until May 2 to give the club tim ...

Tags: Finance, Europe

04/23/13
Aussie Rugby Union Posts Loss In '12

The Australian Rugby Union said at its annual general meeting in Sydney that it posted a loss of A$8.3M in '12 due to higher expenses "despite a surge in revenue from the previous year," according to EUROSPORT. The loss narrowed by A$2.3M from the last year as total revenues rose by A$21M from '11 t ...

Tags: Australia, Finance

04/23/13
Deportivo La Coruña Faces Liquidation

A judge has advised La Liga side Deportivo La Coruña about the threat of liquidation if an agreement regarding €9M ($11.74M) -- plus IVA tax -- in broadcast rights is not reached with its creditors, according to EL CONFIDENCIAL. Deportivo only has €1.5M ($1.96M) available, making an ...

Tags: Finance, Europe

04/23/13
Nike Indonesia Considering Expansion

Nike Indonesia President Dir Jeff Perkins met with Indonesian Industry Minister M.S. Hidayat on Friday "to discuss the possibilities of making Indonesia the biggest manufacturing base for the company," according to INVESTOR DAILY. Hidayat: "Basically, Jeff Perkins was pretty happy with [Nike's] inve ...

Tags: Finance, Asia

04/23/13
Singapore Enjoying Horseracing Revival

Singapore’s "once moribund horseracing scene is staging a comeback," according to Jeremy Grant of the FINANCIAL TIMES. For years, attendance at Singapore’s only racecourse "was thin as punters were put off by modest prize money and the low quality of the race horses." The arrival of cas ...

Tags: Finance, Asia

04/22/13
Arsenal Shareholder Tops Times Rich List

Britain "is now the home of nearly 10 times as many billionaires" as were featured in the first Sunday Times Rich List published in '89, according to Philip Beresford of the SUNDAY TIMES. This year's list was topped by Russian tycoon and Premier League Arsenal major shareholder Alisher Usmanov ...

Tags: Finance, United Kingdom

04/22/13
Wimbledon Prize Money Increases By 25%

The prize pot at this summer’s Wimbledon championship is set to leap by 25% to a record £20M ($30M) after the All England Club "bowed to demands from players that they needed a greater share of the tournament’s spoils," according to Nick Harris of the London DAILY MAIL. The Club wi ...

Tags: Finance, United Kingdom

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