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Published in SportsBusiness Daily Global on 11 / 26 / 14

The Greek Super League elected Asteras Tripolis President GIORGOS BOROVILOS as president on Monday "after he secured 13 votes out of the 16 teams in the league," with Panthrakikos President DIMITRIS TZELEPIS elected as his deputy ( REUTERS, 11/25 ). ... The NBA announced that JAN MENNEKEN h...

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11/03/14
Marion Bartoli Developing Two Companies

Former Wimbledon champion Marion Bartoli has found a "passion for business after quitting tennis at 28," according to Danielle Rossingh of BLOOMBERG. Bartoli is developing "two companies: one selling jewelry, accessories, clothing and shoes; the other retailing frozen yogurt." Bartoli has some of he ...

Tags: Finance, Europe

11/03/14
Everton Announces Record Profits

EPL side Everton announced in its annual report that it made a record profit of £28.2M in '13-14 and reduced its debt by more than £17M ($27M) to £28.1M, according to Andy Hunter of the London GUARDIAN. Roberto Martínez’s first season as manager "brought a record point ...

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10/31/14
EC Rejects Complaint Against FFP

The European Union's exec branch "rejected a complaint against measures" aimed at preventing football clubs from amassing losses, according to Tariq Panja of BLOOMBERG. The European Commission "threw out the complaint brought by Daniel Striani, a Brussels-based player agent," against UEFA's Financia ...

Tags: Finance, Europe

10/31/14
Hong Kong Expecting Funding Increase

Hong Kong can expect a "bumper" 100% increase in funding from the Int'l Cricket Council, which announced its "biggest-ever global broadcast deal" estimated to be worth more than $2B, according to Alvin Sallay of the SOUTH CHINA MORNING POST. Hong Kong Cricket Association Secretary John Cribbin said, ...

Tags: Finance, Asia

10/30/14
Osnabrück Reports €137K Loss For '13-14

German 3rd League football club VfL Osnabrück "has released its financial numbers for the '13-14 season," according to the NEUE OSNABRÜCKER ZEITUNG. The club reported a loss of €137,000 during the '13-14 season. It originally calculated with a loss of €765,000, but income of &eur ...

Tags: Finance, Europe

10/30/14
Fernandes Calls For F1 To Curb Spending

Former Caterham F1 Owner Tony Fernandes said that there will "never be room for small teams like Caterham in F1 unless there’s a reduction in spending throughout the grid," according to Mike Wise of SKY SPORTS. Fernandes said on Wednesday that outfits like Caterham, "which he sold at the end o ...

Tags: Finance, Europe

10/30/14
Tax Authorities Eyeing Spanish Players

Spain's tax authorities are "increasing the pressure on football in systematic fashion, not only on the clubs, but also on players," according to Orfeo Suárez of EL MUNDO. Independently of the Neymar and Lionel Messi cases, the tax authorities are now "carrying out a widespread inspection to ...

Tags: Europe, Finance

10/30/14
FIFA's Koch Denies Cup Cost Brazil $14B

FIFA Corporate Communications Manager Alexander Koch claimed staging this summer's World Cup cost FIFA "three times more than it did Brazil," according to Ben Rumsby of the London TELEGRAPH. Koch "rubbished figures" suggesting the host nation spent $14B putting on this summer's tournament, a "r ...

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10/29/14
Freiburg Reports Record Profits For '13-14

Bundesliga side SC Freiburg "has released its financial numbers for the '13-14 season, in which the club generated record profits," according to the SID. Freiburg announced at its annual general meeting that it generated a profit of €12.8M during the previous season, "largely due to its Europa ...

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10/29/14
BBC Study Finds Prize Money Discrepancy

A BBC Sport study found that men earn "more prize money than their female counterparts in 30% of sports," according to the BBC. The "biggest differences in prize money were found in football, cricket and golf." U.K. Sports Minister Helen Grant said, "There is a gap, it needs to be closed but it's no ...

Tags: Finance, United Kingdom

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