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Hannover 96 President Martin Kind Says Relegation Could Result In $32M Loss

Published in SportsBusiness Daily Global on 04 / 17 / 15

Bundesliga side Hannover 96 President Martin Kind said "potential relegation would result in a loss" of around €30M ($32M), according to Michael Richter of KICKER. While getting relegated from the top flight "would represent a substantial financial hit, it would not threaten the club's existenc...

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Tags: Finance, Europe

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Rangers Shareholders Plan Rights Issue

Scottish Championship side Rangers shareholders are "working on plans" for a new £10M ($14.9M) rights issue before the start of next season, according to Stephen McGowan of the London DAILY MAIL. Leading investors, including the Three Bears consortium of Douglas Park, George Letham and Ge ...

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Constantin Medien Improves Earnings

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Botev Owner Donates While 'On The Run'

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UEFA Hikes Champions League Prize Money

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China Looks For Share In Winter Sports

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Results Boost Nike's Share Prices

Nike "rose the most in almost six months after reporting earnings that topped analysts’ estimates, helped by demand in North America," according to Matt Townsend of BLOOMBERG. The shares increased 3.7% to $101.98 at the close in N.Y., the biggest gain since Sept. 26. Nike jumped 29% in the pas ...

Tags: Finance, North America

OFI Crete Withdraws From Super League

OFI Crete President Nikos Machlas labeled the Greek Super League as a "wretched championship" after the crisis-hit club was "forced to withdraw from Greece's top flight on Saturday because of mounting debts," according to Graham Wood of REUTERS. OFI has repeatedly "broken league rules since the star ...

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J.League Revenue Climbs In '14

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FIFA Makes Record Revenue Of $2B

The World Cup’s commercial power led to record revenue of $2B for FIFA last year, with $337M in profits "coming from the four-year cycle" leading up to the 2014 tournament in Brazil, according to the AP. FIFA, which pocketed $140.7M in profit in '14 alone, added $91M to its reserves, "which no ...

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TLA Acquires Elite Sports Properties

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