Featured Story

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...

Read More

Tags: Finance, Europe

More Stories

03/26/15
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 ...

Tags: United Kingdom, Finance

03/25/15
Constantin Medien Improves Earnings

German media company Constantin Medien AG had a pleasing performance in the '14 financial year and clearly exceeded its original earnings target. Especially in the third and fourth quarter, the business performance developed dynamically. Group sales rose by 6.4% to €487.8M ('13: €458. ...

Tags: Finance, Europe

03/25/15
Botev Owner Donates While 'On The Run'

Bulgarian side Botev Plovdiv Owner Tsvetan Vasilev has "withdrawn" from the club, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The majority shareholder at the "troubled" Corp. Commercial Bank is "transferring his assets in Botev Plovdiv to fans group Association Botev." Vasilev ...

Tags: Finance, Europe

03/24/15
UEFA Hikes Champions League Prize Money

UEFA said that Champions League and Europa League clubs will share more than €1.6B ($1.7B) in prize money from next season "in a huge new boost to their coffers," according to the AFP. The Champions League treasure chest will rise from €1B ($1.09B) now to €1.2B ($1.3B) "for the next t ...

Tags: Finance, Europe

03/23/15
China Looks For Share In Winter Sports

China's real estate companies are looking forward to having a slice of a "booming winter sports market that followed Beijing's joint bid with neighboring Zhangjiakou for the 2022 Winter Olympic Games," according to XINHUA. The past decade saw China's winter sports market "attract enormous investment ...

Tags: Finance, China, Asia

03/23/15
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

03/23/15
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 ...

Tags: Finance, Europe

03/23/15
J.League Revenue Climbs In '14

Revenue at the J.League organization grew 6% to 12.3B yen ($101.5M) last season, thanks to higher income from broadcasting, merchandise and expansion to a third division, with stronger growth on the cards for this year. Merchandising income jumped 14%, largely due to a number of big clubs vying for ...

Tags: Finance, Japan

03/23/15
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 ...

Tags: Finance

03/20/15
TLA Acquires Elite Sports Properties

Talent agency TLA Worldwide on Thursday announced the acquisition of Elite Sports Properties in a deal worth up to $19.5M. Under terms of the deal, TLA is paying an initial $10.3M for the Australia-based agency. The amount will be split up into a cash payment of $7.7M along with the allocation of mo ...

Tags: Finance, Australia, North America, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug