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Fernando Alonso Reportedly Tells Ferrari He Wants To Leave Team At The End Of '14

Published in SportsBusiness Daily Global on 09 / 23 / 14

Scuderia Ferrari driver FERNANDO ALONSO "has reportedly told the Italian team that he intends to leave the squad at the end of the season," according to KRONE. Italy's "Gazzetta dello Sport" reported that Alonso "has informed the team of his intentions after he set conditions that were unacceptabl...

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Tags: People and Pop Culture, Europe

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F1 Team Lotus In 'Uncertain' Predicament

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Tags: Europe, Finance

Ipswich Town Football's Finances Tough

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Tags: United Kingdom, Finance

CA Owes Money To Several Sources

The outstanding payments owed by Cycling Australia to broadcaster SBS that threaten coverage of Australia's main domestic races next year "are understood to be among a number of claims for unpaid money against the national body," according to Rupert Guinness of the SYDNEY MORNING HERALD. Several con ...

Tags: Finance, Australia

Argentine Money Laundering Case Closed

An Argentine court has called off an "investigation into money laundering in player trades in Argentine football," according to Andrés Morando of OLE. Football can "now breathe again." The investigation "had a shocking title: money laundering in football." It involved "trades of more than 30 ...

Tags: South America, Finance

Hollande Forces Tax Onto French Clubs

French President François Hollande "showed no mercy for France’s top football clubs on Thursday, refusing to let them off paying" his 75% income tax bracket on salaries above €1M ($1.37M), according to Hugh Carnegy of the FINANCIAL TIMES. The clubs "had protested that the 'unfair a ...

Tags: Finance, Europe

Messi Distanced From Tax Issue

The court hearing Lionel Messi’s tax case "has been told the Barcelona player did not have any role in managing his own ‘image rights’ income," according to Dermot Corrigan of ESPN. Messi and his father, Jorge, "gave evidence in court in late September, answering charges the pair ...

Tags: Europe, Finance

Former NRL Eels Chair Denies Wrongdoing

Former National Rugby League Parramatta Eels Chair Roy Spagnolo was "cast out by Parramatta after being accused of more than 30 instances of financial impropriety, from procuring free memberships and travel for family and friends, improperly paying large bonuses to executives and even alle ...

Tags: Australia, Finance

Nürburgring Bids Currenly Being Assessed

After local politicians loaded the Nürburgring with debt equating to around 50 years worth of profit, the famed and feared track "went into administration and is now looking for a new owner," according to Christiaan Hetzner of REUTERS. The assets "include the track and adjacent amusement park t ...

Tags: Finance, United Kingdom

Tendulkar India's Wealthiest Cricket Player

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Tags: Finance, India

Cardiff City Owner Could List Club In IPO

Malaysian billionaire Vincent Tan is in talks with investment bankers in a lead-up to an initial public offering of his English Premier League club Cardiff City. The listing of the football club is likely in the second half of next year, say industry sources. The Straits Times understands tha ...

Tags: Finance, Asia

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