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Legia Warsaw Considering Public Offering On Warsaw Stock Exchange

04 / 23 / 14

Polish first division football club Legia Warsaw "could launch an initial public offering" on the Warsaw Stock Exchange in the few next years, according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. Legia Warsaw majority shareholder Dariusz Mioduski said that the IPO "is one of the considered opti...

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Tags: Finance, Europe

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04/29/13
Li Ning Holds 48-Hour Online Sale

China News Service reported Chinese sportswear company Li Ning "held a 48-hour online sale on April 22, offering discounts of up to 80%," according to the WANT CHINA TIMES. The report said most items on sale were priced between 39-79 yuan ($6-13), "and everything was sold before the sale perio ...

Tags: Finance, China

04/29/13
Finance Notes

Sporting goods retailer Intersport is set to enter its 43rd market, Morocco. With plans to open at least 12 stores, Intersport has granted a sub-license for the Moroccan market to Intersport Spain. The Spanish group has founded a joint venture with a local partner, Iska Management ( ISPO, 4/26 ) ...

Tags: Finance, Africa

04/25/13
H&M Takes Place Of Nike Store In Beijing

Beijing Business Today reported Nike is going to close down its flagship store in the luxury shopping mall APM in Beijing, "with its place being taken by fashion retailer H&M," according to the WANT CHINA TIMES. The Nike store, which opened in '07, measures 1,100 square meters and "is spread acr ...

Tags: Finance, China

04/25/13
Finance Notes

Three groups of activists announced that they would stage protests outside Foot Locker stores in the U.K., other European countries and the U.S. to force the chain to cut its ties with adidas unless it pays half of the $3.2M in severance payments due to the former workers of an Indonesian clothing&n ...

Tags: Finance

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

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