Upcoming Conferences and Events

Featured Story

Promotion To La Liga Quickly Impacts Bottom Line For Alavés

Published in SportsBusiness Daily Global on 12 / 09 / 16

The return of Spanish football club Alavés to La Liga this season "has meant a jump in the team's expected revenue for '16-17" to €49.3M ($52.3M), with an expected profit of €8.3M ($8.8M), according to Luis Fuentes of MUNDO DEPORTIVO. The club's TV revenue this season "has mult...

Read More

Tags: Europe, Finance

More Stories

02/22/16
China Digital, Chou Set Up Gaming Company

China Digital Culture Ltd. announced Wednesday that it has signed a memorandum of understanding with Taiwan songwriter Jay Chou "to establish a cross-strait e-sport gaming company," according to Chen Yaping of YUTANG SPORTS. Under the MOU, Chou, who is also an e-gaming fan, "will allow China Digital ...

Tags: Finance, China

02/19/16
Top Brands Snap Up Workout Apps

Sportswear brands "are adding one more must-have to their list of products: workout apps," according to Olga Kharif of BLOOMBERG. Unlike Nike, which has been developing its own running and sports apps for years, "rivals have taken to acquiring startups to stay relevant among gym rats." The ...

Tags: Finance

02/19/16
Sahara Looking To Sell Force India Stake

India's "embattled" Sahara conglomerate said that it wants to sell its 42.5% stake in the Force India Formula 1 team to help release Founder Subrata Roy from jail, "but some motor racing insiders" are skeptical about "how easy it will be to find a buyer," according to Baldwin & Chatterjee of REU ...

Tags: Finance, India

02/19/16
IPC Swimming Worlds Prove Lucrative

The Int'l Paralympic Committee Swimming World Championships 2015 in Glasgow was worth more than £1.5M ($2.15M) to the Scottish economy, a new report commissioned by VisitScotland, UK Sport, British Swimming and Glasgow Life has revealed, according to the SCOTSMAN. The event, which took pl ...

Tags: Finance, United Kingdom

02/19/16
Puma Sees 'Female Future'

Strong demand for sneakers designed by singer Rihanna helped Puma "achieve higher-than-expected sales growth in the fourth quarter" and the German sportswear firm said on Thursday that "a busy sports calendar should help it in 2016," according to Emma Thomasson of REUTERS. Puma, which fell out of fa ...

Tags: Finance

02/18/16
ARU Acquires Western Force's IP Rights

The Australian Rugby Union has acquired the intellectual property rights of the Western Force, including its Super Rugby license, in a deal believed to be worth A$800,000 ($574,700) in an effort to "help the franchise out of financial difficulty," according to Bret Harris of NEWS LIMITED. The A ...

Tags: Finance, Australia

02/18/16
Wests Tigers' Major Sponsor Wants Stake

The major sponsor of National Rugby League side Wests Tigers has "revealed an interest in buying a stake" in the club in a development that "paints the clearest picture yet" of what the Sydney franchise's ownership structure will look like beyond next month, according to Chris Barrett of the SYDNEY ...

Tags: Finance, Australia

02/18/16
Le Sports Scores $1B In New Funding

A Chinese media report on Monday said that Le Sports, the sports arm of China's leading online video provider Le Holdings, has received funding of $1B "in its series B financing round," according to Wang Jiamei of the GLOBAL TIMES. The series B funding is the "biggest investment so far in China's sp ...

Tags: Finance, China

02/18/16
OL Makes Financial Recovery

With a turnover of €107.8M ($120M) for a net profit (group share) of €19.7M ($22M) for the second half of ’15, the Olympique Lyonnais Groupe has made a “spectacular recovery,” according to L’ÉQUIPE. At the same time in ’14, the company reported €9. ...

Tags: Europe, Finance

02/18/16
FIFPro Says Agents Collecting Record Payments

The int'l professional footballers union FIFPro claimed that football clubs received just 0.5% "in training compensation" from the record $4.2B transfer fees paid last year as "agents received record payments," according to the AFP. The amount of compensation that clubs paid agents in '15 rose by 15 ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug