Featured Story

Wolfsburg Shareholder Winterkorn Says EPL's Deep Pockets Leave Bundesliga 'Powerless'

Published in SportsBusiness Daily Global on 09 / 01 / 15

Volkswagen CEO Martin Winterkorn, who "has interests in VW-owned Wolfsburg," said that Bundesliga clubs, including reigning champion Bayern Munich, "have been powerless to compete with the Premier League," according to Stephan Uersfeld of ESPN. Winterkorn has been CEO at the German car man...

Read More

Tags: Europe, United Kingdom, Finance

More Stories

11/13/14
Ashley Gives Scottish Rangers $1.6M

Scottish Championship side Rangers shareholder Mike Ashley has stepped in with another £1M ($1.58M) "bail-out" for the "crisis club" and has given up the naming rights to Ibrox Stadium, according to Gregor Kyle of the Scotland DAILY RECORD. A new marketing deal, welcomed by the board as a "vis ...

Tags: Finance, United Kingdom

11/12/14
3rd League Generates Record Revenue

Germany's 3rd League "generated record revenue" during the '13-14 season, according to the SID. The league's clubs generated more than €165M in total revenue and "for the first time in its six-year history the league made a profit." It means that each of the 20 clubs generated an average of &eu ...

Tags: Finance, Europe

11/12/14
Hertha Reports Profit Of €13.4M In '13-14

Bundesliga side Hertha Berlin "recorded a profit for the first time in several years," according to the SID. The club, which currently ranks 14th in the league table, generated a profit of €13.4M in the fiscal year ending June 30. The positive result "is largely due to investment of finance inv ...

Tags: Finance, Europe

11/12/14
Qatar Committed To World Cup Spending

Qatar Emir Sheikh Tamim Bin Hamad Al Thani said that the country will spend more than half its $60B budget for '14-15 on new projects and will not be "dissuaded by falling oil prices," according to Mohammed Aly Sergie of BLOOMBERG. Al Thani said, "Our economy is strong and solid. Our budget is based ...

Tags: Finance, Middle East

11/12/14
Mike Ashley To Launch Cut-Price Gyms

EPL side Newcastle Owner Mike Ashley promised to “revolutionise” the fitness industry by launching club membership of £5 ($8) a month at his new chain of Sports Direct gyms, according to Roger Blitz of the FINANCIAL TIMES. The retail entrepreneur "will open a purpose-built gym i ...

Tags: Finance, United Kingdom

11/12/14
Tennis Masters Offers Hefty Bonuses

Participating in the Tennis Masters is "like hitting the jackpot," according to LE FIGARO. The Tennis Masters in London began on Sunday with the top eight players of '14, plus two substitutes called to fill in on short notice. While it is an important event for the top 8 members, including No. 1 and ...

Tags: Europe, Finance

11/11/14
FIFA Creates Fund To Develop Football

FIFA agreed to create a $100M fund "to develop the sport in Brazil, a country that has won the World Cup more times than any other," according to Tariq Panja of BLOOMBERG. Brazilian Football Confederation (CBF) President Jose Maria Marin said, "Brazilians will remember the 2014 FIFA World Cup for ge ...

Tags: Finance, Brazil

11/11/14
Three IPL Franchises Report Profits

Three Indian Premier League franchisees "have reported a profit" in the year ending March 31, according to Narayan, Choudhary & Leena of LIVEMINT. Playing matches in new locations, which helped ticket sales, and higher central sponsorship income from the Board of Control for Cricket in India "se ...

Tags: Finance, India

11/11/14
Force India Auditors Question Finances

Troubled F1 "suffered another blow with doubts being raised about the finances of racing team Force India by its auditors," according to Alan Tovey of the London TELEGRAPH. Northamptonshire-based Force India "has posted accounts showing it made a net annual loss" of £38.5M ($61M) in the year t ...

Tags: Finance

11/11/14
Man City EPL's Biggest Spender

Football costs money -- "a lot of money," according to Neil Halligan of ARABIAN BUSINESS. Just ask Man City, the team bought by Abu Dhabi United Group in '08, which has spent $766.6M net on transfers "since that September takeover six years ago." Arabian Business revealed "exactly how much it has co ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug