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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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03/28/13
Record Price Expected For Yearling

The next generation of the Black Caviar family "will pass though the Inglis sale ring next month," and it is expected "he will break the record price paid for a yearling," according to Chris Roots of the SYDNEY MORNING HERALD. Lot 131, a Redoute's Choice colt out of Helsinge, "will be the highlight ...

Tags: Finance, Australia

03/27/13
Li Ning Reports Losses, Will Scale Back

Chinese sportswear company Li Ning reported “a deeper-than-expected annual loss, its first in nearly a decade as a listed company," according to Chu & Burkitt of the WALL STREET JOURNAL. Li Ning added that its bottom line "should improve this year as it scales back inventory and overhauls ...

Tags: Finance, Asia

03/27/13
No Tax Exemptions For Rugby Players

British government sources said that foreign players traveling to England for the 2015 Rugby World Cup "will not receive tax exemptions," according to Martyn Ziegler of the PA. Tax breaks "have been agreed for the footballers of the two Champions League finalists," which play at Wembley in May, and ...

Tags: Finance, United Kingdom

03/26/13
NZRU Announces Financial Turnaround

The New Zealand Rugby Union has announced a NZ $3. 2M ($2. 6M ) operating profit for '12 -- its first since '08 -- "and is already planning for another Rugby World Cup win" in '15, according to William Mace of FAIRFAX NZ NEWS.  NZRU CEO Steve Tew said that rugby's govern ...

Tags: Finance, New Zealand

03/25/13
Havas Reports Rise In Pre-Tax Profits

Havas Group, the owner of the Havas Worldwide and Havas Media networks, "has reported pre-tax income" of €190M ($247M) in '12, an increase of 14.5% year on year after growth in new business, digital and emerging markets, according to Maisie McCabe of CAMPAIGN LIVE. According to Havas Group&rsqu ...

Tags: Finance, United Kingdom

03/22/13
Constantin Medien Exceeds Forecast

Germany's Constantin Medien Group "exceeded its business expectations" in '12 primarily in the film segment as well as in the sports- and event-marketing segment," according to 4-TRADERS.com. Group sales increased over last year's figure by 11.8% to €520.5M ($671.6M). Sales were "significantly ...

Tags: Finance

03/19/13
AFL On Track To Be Debt Free

The Australian Football League announced on Monday a "return to black figures last year" after a financial turnaround of A$30.3M ($31.5M), according to Greg Denham of THE AUSTRALIAN. The AFL recorded a net profit of A$6.7M in '12 "during the first year of its new broadcast and digital medi ...

Tags: Finance, Australia

03/19/13
Spanish Football Debt Down 8.2%

Spanish professional football clubs now owe the country's tax authority AEAT €690.4M ($893.8M), according to the EFE. The debt is down 8.2% from the previous year "as a consequence of the control plan put in place" by the AEAT. The overall debt is down about €62M ($80M) from the €752. ...

Tags: La Liga, Finance, Europe

03/18/13
J.League Announces Losses For 2012

The J.League reported higher than budgeted revenue for the final nine months of '12 "partically due to donation towards earthquake disaster relief," according to JIJI. J.League budgeted 9.6B JPY, which was 58M JPY more than budgeted. Total expense was 9.8B JPY, which was 235M JPY less than budgeted. ...

Tags: Finance, Japan

03/18/13
Schalke Releases '12 Financial Results

Bundesliga club FC Schalke 04 "has released its financial results" from the '12 fiscal year in which it lost €4.55M ($5.94M), according to KICKER. Just one year earlier, Schalke generated €5.57M in profits. The club said that the negative result is due to "player contracts that it signed o ...

Tags: Finance, Europe

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