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Labour Party Floats Levy On EPL TV Rights To Support Grassroots Football

Published in SportsBusiness Daily Global on 07 / 24 / 14

Britain's Labour Party has accused Premier League clubs of "not contributing enough to grassroots football and suggested that they may be compelled to pay a levy on revenue from television rights," according to Pickard & Blitz of the FINANCIAL TIMES. Shadow Culture Secretary Harriet Harman "is a...

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Tags: Media, United Kingdom

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06/17/14
Auckland Nines Gives City $7.8M Boost

The Auckland Nines rugby league tournament "has given the city's economy a boost" of more than NZ$9M ($7.8M), according to Niko Kloeten of STUFF. The estimated NZ$9.35M GDP increase "was well ahead of Auckland Council forecasts" for NZ$3.8M from this year's inaugural tournament, which it expected to ...

Tags: Finance, New Zealand

06/13/14
Germany Most Valuable World Cup Team

Based on insurable value, Germany has the most expensive team competing in the 2014 FIFA World Cup. Lloyd’s released research with the Centre for Economics and Business Research that ranks each team in the FIFA World Cup based on the collective insurable value of each country’s players. ...

Tags: Finance, Europe, United Kingdom

06/13/14
Valencia Lender Bankia Assesses Deal

La Liga side Valencia lender Bankia President José Ignacio Goirigolzarri said on Thursday that "its recent agreement with new Valencia Owner Peter Lim is 'good' for Bankia, 'good' for Lim and 'phenomenal' for Valencia," according to the EFE. Goirigolzarri "called the deal 'great news' and i ...

Tags: Finance, Europe

06/13/14
Barça President Announces $41M Profit

Barcelona President Josep Maria Bartomeu announced that the club will "close this financial year" with profits of approximately €30M ($41M), which he said indicates that the club is "economically strong," according to J.M.D. of SPORT. Bartomeu said that "Barcelona has again become a winning, ho ...

Tags: Europe, Finance

06/13/14
Real Zaragoza's LFP Rights Embargoed

Spain's tax authorities have issued a "preventive embargo" on Spanish second division side Real Zaragoza's right to participate in the Spanish Football League (LFP) due to the club's €1.92M ($2.6M) debt, according to the EFE. This embargo "creates another setback for the club's new shareholder ...

Tags: Europe, Finance

06/12/14
Rangers To Launch Share Issue

Scottish Championship side Rangers "are to launch a new share issue" in a bid to raise in the region of £8M ($13M), according to the BBC. The new issue will "take place before the end of August." Rangers Chair Graham Wallace recently said the Ibrox club was "in a good place" financially. A min ...

Tags: Finance, United Kingdom

06/12/14
Scottish Rugby Posts Record Figures

Scottish Rugby "posted its highest-ever turnover" of £40M last year, according to the BBC. A record total of more than 600,000 people "passed through the turnstiles" for int'l, professional and club matches across the season. In the past year, it has added Famous Grouse, Unilever, Tennent Cale ...

Tags: Finance, United Kingdom

06/12/14
Betfred Ceases Operation In 19 Countries

British bookmaker Betfred "has reportedly ceased operations in 19 different countries due to licensing issues," according to POKER STRATEGY. As a result, Betfred "will close the accounts of its customers in the affected countries in a timely fashion." The bookmaker "will give its customers 30 days t ...

Tags: Finance, Europe

06/12/14
HKJC Announces Higher Stake Money

The Hong Kong Jockey Club "announced higher stake money across the board for next season to keep pace with its soaring betting turnover, maintaining its claim as the place with the world's highest prize money per race and setting the tone for future increases," according to Michael Cox of the SOUTH ...

Tags: Finance, China

06/11/14
Looking Back At World Cup In South Africa

As the football world descends on Brazil for the FIFA World Cup this week, "disillusionment over the last tournament still lingers in South Africa," according to Matt Egan of CNN MONEY. The 2010 World Cup "boosted tourism and national pride, but it's clear the economic benefits failed to live up to ...

Tags: Finance, Africa

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