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New Zealand Rugby Union, Sky TV Sign 'Conditional' Deal For Broadcast Rights

Published in SportsBusiness Daily Global on 10 / 24 / 14

The New Zealand Rugby Union and Sky TV signed "a conditional five-year deal for broadcasting rights from 2016," according to Greg Stutchbury of REUTERS. A final agreement is expected to be signed off by the end of November. NZRU CEO Steve Tew said that no financial details were disclosed "due to the...

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Tags: Media, Australia

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EPL Paying Many Staffers Minimum Wage

London community organization Citizens UK's "focus on the wages paid by England's Premier League football clubs exposes a stark truth about what used to be called 'the people's game,'" according to David Conn of THE OBSERVER. Football clubs, "enjoying a commercial boom" that has delivered a '13-16 T ...

Tags: Finance, United Kingdom

FIFA Considers Third-Party Investment

A person with "direct knowledge of the situation" said that FIFA "supports allowing investors to buy players' transfer rights in some cases," putting football's ruling body "at odds with European officials who want a total ban," according to Tariq Panja of BLOOMBERG. A report by accounting firm KPMG ...

Tags: Europe, Finance

India Tax Department Cited For Exemptions

India's Comptroller & Auditor General has "pulled up the Income Tax Department" for irregular exemptions to "four cricket associations engaged in commercial activities on their income from television rights, leaving the exchequer poorer" by Rs. 37.23 crore ($6M), according to the Indian BUSINESS ...

Tags: Finance, India

Sports Direct-Adidas Conflict Escalates

U.K. retailer Sports Direct's billionaire founder Mike Ashley is "threatening to build a hostile stake in Adidas as a row escalates over the supply of Premier League football kits," according to Oliver Shah of the SUNDAY TIMES. Ashley has indicated that Sports Direct could "start buying shares to ex ...

Tags: Finance, United Kingdom

Sports Direct In Kit Battle With Adidas

U.K. retailer Sports Direct has become embroiled in "a spat with adidas over Chelsea's football kit" which has factored into shares falling 8% in Thursday morning trading, according to Robinson & Powley of the FINANCIAL TIMES. Sports Direct revealed that adidas "will not provide it with next sea ...

Tags: Finance

Hedge Funds Betting Against ManU

ManU has had a "dismal start in the Premier League this season -- and some hedge funds are betting that their shares will have a similarly rotten run of form," according to Robinson & Blitz of the FINANCIAL TIMES. Odey Asset Management, "founded by hedge fund manager Crispin Odey" and one of th ...

Tags: Finance, United Kingdom

Slim's Rivalry Plays Out On Mexican Field

Mexican billionaires Carlos Slim and Emilio Azcarraga, who typically go head-to-head for phone customers and TV viewers, are "taking their rivalry to the soccer field this week in their country’s championship game," according to Patricia Laya of BLOOMBERG. Slim, the owner of the nation’s ...

Tags: Finance, North America

Atlético Cashing In On Champions League

Atlético Madrid will conclude the group phase of the ongoing Champions League tournament with €30.6M ($42.2M) in earnings, according to Juan Casáñez of AS. Atlético "initially received" €8.6M ($11.9M) when it qualified for the tournament. It has since "received ...

Tags: Finance, Europe

Rooney Tops EPL's Richest Players List

A Wealth-X top 10 list revealed that ManU and England forward Wayne Rooney is the wealthiest English-born footballer in the EPL with an estimated net worth of £45M ($73M). Rio Ferdinand, Michael Carrick and Ashley Young also made the list for "The Red Devils," bringing the combined ...

Tags: Finance, United Kingdom

Bulgaria's CSKA Sofia Cuts Debt, Costs

Bulgarian side CSKA Sofia CEO Alexander Todorov said that the "new management of the club has reduced the salaries of the players about 35% compared to those who have paid the previous owners of Titan AS," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. Todorov added that the club's deb ...

Tags: Finance, Russia

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