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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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Tags: Finance, United Kingdom

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04/09/13
Decathlon Steps Up Presence In China

Shanghai's First Financial Daily reported that French firm Decathlon Group, one of Europe's biggest sporting goods chains, "plans to increase its market share and accelerate its expansion in mainland China," according to the WANT CHINA TIMES. The company's planned expansion "will add to the current ...

Tags: Finance, China

04/08/13
Constantin To Issue Corporate Bonds

Germany-based media company Constantin Medien , the owner of sports network Sport1 , revealed that "it will issue corporate bonds," according to Alexander Krei of DWDL . The company "wants to use the bonds to refinance existing liabilities, improve its profit siutation and continue to diver ...

Tags: Europe, Finance

04/03/13
Tinkler To Sell Thoroughbred Farm

Australian billionaire Nathan Tinkler, under pressure from creditors, "is selling his Patinack Farm thoroughbred breeding and racing business as he seeks to repay debt," according to Soraya Permatasari of BLOOMBERG. The sale, including more than 1,000 racehorses, stallions and broodmares "will be co ...

Tags: Finance, Australia

04/03/13
Former Reebok CFO Accused Of Fraud

The Institute of Chartered Accountants of India Tuesday said that "strict action could be taken" against former Reebok India CFO Vishnu Bhagat "if he failed to respond to the show-cause notice regarding the alleged fraud at the sportswear maker," according to the PTI. The ICAI "had issued the show-c ...

Tags: Finance, India

03/29/13
Murray Beefs Up Business Team

Andy Murray has taken on two business advisors as he tries to "enhance the portfolio of interests that has struggled to keep pace with the grand-slam tournament champions whose company he shares," according to Neil Harman of the LONDON TIMES. Indian doubles specialist and entrepreneur Mahesh Bhupath ...

Tags: Finance, United Kingdom

03/29/13
FA's Finances Tied To England World Cup

The FA stands to miss out on as much as £26M ($39.5M) in income if England fails to qualify for next year’s World Cup, according to Simon Hart of the London TELEGRAPH. Additionally, the FA "could also be left in a seriously weakened position" when it comes to negotiating new sponsorship ...

Tags: Finance, United Kingdom

03/29/13
Leeds United Owners Sell 10% Stake

The Bahrain-based owners of League Championship club Leeds United "have announced the sale of a 10% stake in the club" to another Bahraini investment fund, the Int'l Investment Bank, according to David Conn of the London GUARDIAN. The sale follows the revelation that "there are contradictory intenti ...

Tags: Finance, United Kingdom

03/28/13
Arsenal's Finances Sound, Titles Few

EPL Arsenal's billionaire majority shareholder Stan Kroenke "is one of a new generation of foreign owners who have bought into the game in Britain, but while some of them have spent with abandon to get results on the field, Kroenke expects the club to stay true to sound financial principles," accord ...

Tags: Finance, United Kingdom

03/28/13
Int'l Brands Squeezing China Market

Int'l sport brands "continue to make gains in China despite a shrinking market," with Nike posting profits in its third quarter financial report, according to WANT CHINA TIMES. Adidas "also reported a 15% jump in its China sales last year." Chinese Key Solution Sports Consulting Founder Zhang Qing s ...

Tags: Finance, China, North America

03/28/13
Newcastle Announces Profit, Wage Rise

Premier League Newcastle United "recorded a profit for the second successive year, despite the club's wage bill rising" 20% to £64.1M ($92.9M), according to the PA. In the financial figures for the year ending June '12, Newcastle "made a profit after player amortisation" of £1.4M -- sign ...

Tags: Finance, United Kingdom

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