Featured Story

UEFA Softens Financial Fair Play Regulations To Attract Investors

Published in SportsBusiness Daily Global on 07 / 01 / 15

UEFA has softened its break-even Financial Fair Play regulations in an attempt to "encourage investment" in European club football and move from "austerity to sustainable growth," according to Brian Homewood of REUTERS. General Secretary Gianni Infantino said that FFP, implemented in '12, had succee...

Read More

Tags: Europe, Finance

More Stories

Aussie Athletes To Receive Funding Boost

Australia's best athletes will receive a boost in direct government funding of up to 30% "under the revamped athlete support program" that the Australian Institute of Sport is expected to launch on Wednesday, according to Nicole Jeffery of THE AUSTRALIAN. As part of the larger restructuring of the A ...

Tags: Finance, Australia

Portsmouth Now Debt-Free After Takeover

League Two side Portsmouth has "cleared all debts following the club's exit from administration in April 2013," according to the BBC. The Pompey Supporters' Trust "has been in charge since striking a deal" with former Owner Balram Chainrai. Portsmouth has "been in administration twice in the past fi ...

Tags: Finance, United Kingdom

Villa Owner Now Willing To Sell For $162M

Potential bidders for EPL side Aston Villa believe that Owner Randy Lerner "may now be willing to sell" for just £100M ($162M) -- "half of what was thought to be the original asking price when he put the Premier League club up for sale in May and only around a third of what he has spent," acco ...

Tags: Finance, United Kingdom

Nike Q1 Revenue Up 15% From 2013

Nike on Thursday reported Q1 revenues of $8B, a 15% increase “over the same period last year,” according to Allan Brettman of the Portland OREGONIAN. Profits in Q1 rose 23% to $962M from $779M during the same period last year. Revenues for Nike’s Converse brand were up 16% to $575M ...

Tags: Finance, North America

Jorge Mendes Planned Irish Fund

Football super agent Jorge Mendes planned to use an Irish company to buy stakes in Spanish and Portuguese footballers. - See more at: http://www.independent.ie/business/super-agent-mendes-planned-irish-fund-to-buy-top-players-30619303.html#sthash.icju3TGa.dpuf Football agent Jorge Mendes "planned ...

Tags: Finance, United Kingdom

Cain Hoy Opts Against Tottenham Bid

U.S. investment group Cain Hoy pulled its potential bid for Tottenham, leaving the club "free to pursue its funding plans for a new stadium," according to Roger Blitz of the FINANCIAL TIMES. The group, backed by Guggenheim Capital, "emerged two weeks ago as a potential suitor for Spurs," saying tha ...

Tags: Finance, North America, United Kingdom

UEFA Probes Clubs Over FFP

UEFA "is investigating Liverpool, Monaco, AS Roma and Internazionale of Milan over potential breaches of financial fair play regulations," according to Roger Blitz of the FINANCIAL TIMES. The four clubs, which all missed out on pan-European competition last season, have come under UEFA’s scru ...

Tags: Finance, Europe

Professor Analyzes Real Madrid's Finances

University of Barcelona Professor of Economy, Finance & Accounting Gay de Liébana addressed the finances of Real Madrid, according to Marco Ruiz of AS. De Liébana said, "Real Madrid members first have to be concerned with how much the entity itself earns. Madrid has a great volume ...

Tags: Finance, Europe

Fears Rise Over Rangers' Delayed Results

Fears are "rising of a delay in announcing the annual results" of Scottish Championship side Rangers and of "possible financial consequences for the club," according to Gary Ralston of the Scotland DAILY RECORD. It had been reported the club's financials to the end of June "would be published before ...

Tags: Finance, United Kingdom

Finance Notes

English billionaire Marwan Koukash "has ruled out buying" National Rugby League side Wests Tigers "after whittling down his NRL club shopping list to 'one or two' remaining options." The owner of English Super League club Salford "is expected to fly out to Australia in October to finalise the deal," ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug