Featured Story

SAP Co-Founder Dietmar Hopp To Become Majority Owner Of TSG Hoffenheim

Published in SportsBusiness Daily Global on 12 / 19 / 14

SAP co-Founder Dietmar Hopp "is expected to become the majority owner of Bundesliga side TSG Hoffenheim" in '15, according to the SID. The German Football League (DFL) on Thursday confirmed that Hopp "will be allowed to take over the majority ownership on July 1." Hopp is therefore avoiding the so-c...

Read More

Tags: Franchises, Europe

More Stories

03/17/14
Seven Spanish Clubs Face EU Investigation

The European Union "has made formal accusation" against seven Spanish clubs -- La Liga sides Real Madrid, Barcelona, Athletic Bilbao, Valencia, Elche and Osasuna and second division side Hércules -- in "three separate articles published earlier this month in their official journal," according ...

Tags: Europe, Finance

03/17/14
Liga MX Puebla Begins To Pay Players

Liga MX Puebla President Jesús López Chargoy announced that "the club has started to pay its players the salaries they have been owed after the players said on Tuesday that some are owed payments dating back more than three months," according to Jaime Zambrano of LA AFICION. L&o ...

Tags: Finance, North America

03/14/14
Barça Budget Counted On CL Success

Barcelona Economic VP Javier Faus confirmed that the team's qualification for the quarterfinals of the Champions League -- which it secured by beating Man City 4-1 on aggregate on Wednesday -- helped the team "meet the budget it established before the season," according to MARCA. Faus: "We always se ...

Tags: Europe, Finance

03/13/14
Liga MX Puebla Players Go Unpaid

Liga MX side Puebla team captain Luis Miguel Noriega "made public the debt that the club has owed to its players for more than three months," according to Edgar González of LA AFICION. Noriega said on behalf of the players, "We want to express our concern regarding the current situation in wh ...

Tags: Finance, North America

03/12/14
U.S. Firm Builds Up Stake In ManU

U.S. investment firm Baron Capital "has bought nearly a quarter of all publicly-traded shares" in N.Y.-listed ManU, according to the AP. In '12, ManU owners the Glazer family sold 10% of its holding in the club via a stock listing. A filing Monday on the Securities and Exchange Commission showed Bar ...

Tags: Finance, North America, United Kingdom

03/12/14
CEO: Norway Fund Made Mistakes

Norway's $850B sovereign wealth fund "made mistakes" when it bought shares in F1 and "may try to sell them," according to Joachim Dagenborg of REUTERS. Norway wealth fund CEO Yngve Slyngstad said that the fund "may seek to offload the stake" if corruption charges against F1 CEO Bernie Ecclestone "ar ...

Tags: Finance, Europe

03/12/14
Bayern Boss Owed $33M In Tax

Bayern Munich President Uli Hoeneß "faced a damaging testimony" in a tax trial on Tuesday when an official charged the German football legend "had withheld incriminating evidence" for more than a year and avoided €23.7M ($32.8M) in tax, according to the AFP. New twists and additional witn ...

Tags: Finance

03/11/14
Only Six Serie A Clubs In Profit

La Gazzetta dello Sport found only six Serie A clubs "ran at a profit last year," while Inter lost €82.7M, according to FOOTBALL ITALIA. Only six sides "avoided a deficit, while there are still huge debts" all around the league. Udinese is "the best run club in Italy," making a profit of € ...

Tags: Finance, Europe

03/11/14
Hoeneß Admits To Evading Taxes

Bayern Munich President Uli Hoeneß "stunned a German court on Monday by admitting he had evaded taxes" of €18.5M ($26M) using a secret Swiss bank account -- "more than five times the amount on a prosecutors' charge sheet," according to Jens Hack of REUTERS. Once one of Germany's "most adm ...

Tags: Finance, Europe

03/11/14
Cristiano Ronaldo Leads Goal's '14 Rich List

Real Madrid's Cristiano Ronaldo has been named the "world's richest footballer after topping the annual list of players' net worth," according to a list compiled by GOAL. Ronaldo held off Barcelona's Lionel Messi in the Goal Rich List 2014 with an "estimated wealth" of €148M ($205.4M). Messi ca ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug