Featured Story

Ferrari Given All-Clear After FIA Inspects Team's Wind Tunnel

Published in SportsBusiness Daily Global on 05 / 29 / 15

Ferrari "has been given the all-clear by the FIA following a detailed inspection of its wind tunnel facilities after the Spanish Grand Prix to ensure it was complying with Formula 1's rules," according to Jonathan Noble of MOTORSPORT. The scale of the car upgrade that the Maranello team was able to ...

Read More

Tags: Finance, Europe

More Stories

09/09/14
NRL Roosters Say They Are Under Cap

The National Rugby League Sydney Roosters, "angry at ongoing innuendo they are cheats," have "come forward to deny any rorting and to sensationally declare" they are actually A$100,000 ($92,800) under the NRL's salary cap, according to Dean Ritchie of the Sydney DAILY TELEGRAPH. A "high-ranking" clu ...

Tags: Finance, Australia

09/08/14
Rangers Could Face SPFL Sanctions

Scottish Championship side Rangers' board was "plunged into a fresh financial crisis on Friday" when former Dir Imran Ahmad won a court order to freeze £620,000 ($1M) of the club's "dwindling cash reserves," according to Gordon Waddell of the Scotland DAILY RECORD. The club faces an instant Sc ...

Tags: Finance, United Kingdom

09/08/14
Premiership Leicester Announces Profit

Premiership rugby side Leicester Tigers have announced an "increased turnover" and an operating profit of £482,000 ($787,000) for the year ending in June, according to the BBC. In the 12 months to June 30, the Tigers' "operating profit rose by more than 20%." During the same period, Leicester' ...

Tags: Finance, United Kingdom

09/08/14
LFP, Footballers At Odds Over Wages

The LFP's decision preventing La Liga side Getafe's Pedro León from playing this season has "once again ignited the conflict" between the LFP and the Spanish Footballers' Association (AFE), according to Juan Jiménez of AS. La Liga is "insisting that its economic regulations are non-n ...

Tags: Europe, Finance

09/08/14
La Liga Elche Pursuing $13M-$16M Credit

La Liga side Elche's administrative council is "looking to obtain a credit" of €10M ($13M) to €12M ($15.5M) to "restructure its debt and pay it off long-term," according to M.H. Marcos of AS. The period "over which the club wants to make the payments is from 6-15 years." The club is "hopin ...

Tags: Finance, Europe

09/08/14
Sheffield Owner Threatens Legal Action

League Championship side Sheffield Wednesday Owner Milan Mandaric said that a proposed £45M ($73M) sale of the club "has collapsed," according to James McMath of the LONDON TIMES. Mandaric announced in June that he was "selling the Sky Bet Championship club to Hafiz Mammadov, an Azerbaijani bu ...

Tags: Finance, United Kingdom

09/08/14
Real Madrid Announces Record Income

La Liga side Real Madrid has announced a record €603.9M ($782M) income for the '13-14 season, "thanks in large part to winning the Champions League for a 10th time in May," according to the AFP. Real's total revenue was up 10.9% on last season, "with the net profit slightly up" from €36.9M ...

Tags: Finance, Europe

09/05/14
Duisburg Generates $672K Through Bonds

German 3rd League football club MSV Duisburg has generated €519,000 ($672,000) "through its club bond called 'Zebra-Anleihe,'" according to the DPA. MSV Chair Ingo Wald said that the club is "not unsatisfied" with the amount. The club, which put the bond on the market more than one year ago, "c ...

Tags: Finance, Europe

09/05/14
World Cup Provides Lift For Betfair

A "busy World Cup in Brazil" helped London-based bookmaker Betfair report "record quarterly revenues and a big rise in new customers ahead of what is expected to be an uncomfortable annual meeting on Thursday," according to Andy Sharman of the FINANCIAL TIMES. Betfair said that sales had risen 30% i ...

Tags: Finance, United Kingdom

09/05/14
La Liga Levante's Finances Improving

By next June, La Liga side Levante will have reduced its debt from €88M, "which had the club on the brink of bankruptcy," to just €32M ($41.5M), according to Rafa Marín of SUPERDEPORTE. Levante "will be able to approach a very different athletic level" starting in '18 if the club is ...

Tags: Europe, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug