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Words To Live By: Quotes Of The Year, Part One

Published in SportsBusiness Daily Global on 12 / 22 / 14

No matter how the criminals may justify their actions, there is no justification for crimes committed against civilians, especially against women and children. -- Russian President Vladimir Putin , after suicide bombers killed more than 30 people in Volgograd. I am the master of my socia...

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02/26/14
Finance Notes

Ladbrokes’ pre-tax profits fell by more than two-thirds in '13, "underlining the UK bookmaker’s struggle to attract customers online and maintain its overall market share." On revenues of £1.1B, up 5.5%, group operating profit tumbled 38.9% to £144.2M. The digital business pu ...

Tags: Finance

02/25/14
Bradford Bulls Consortium Gets Go-Ahead

Super League side Bradford Bulls 2014 Ltd. consortium "have had their takeover accepted by the club's administrator," according to the BBC. Bradford was "placed into administration" on Jan. 31 after its former holding company, OK Bulls Ltd., the company of former Owner Omar Khan, entered administrat ...

Tags: Finance, United Kingdom

02/25/14
Barcelona Pays Tax Authorities $18.6M

Barcelona said on Monday that it has paid €13.5M ($18.6M) to the Spanish tax authorities after the club was " charged last week with tax fraud in the signing of Brazil forward Neymar," according to Iain Rogers of REUTERS. Barcelona insisted that it "had not committed any tax offence and said t ...

Tags: Europe, Finance

02/25/14
NRL Expansion Back On The Agenda

National Rugby League expansion is "firmly back on the agenda" after the NRL announced plans to invest more than A$200M ($181M) to "make rugby league the No. 1 code in Australia within four years," according to Brad Walter of the SYDNEY MORNING HERALD. Bolstered by a A$49.4M profit in his first year ...

Tags: Australia, Finance

02/24/14
Barça To Pay Tax Authorities $12.4M

Barcelona will pay the Spanish tax authorities the more than €9M ($12.4M) that the club " supposedly avoided in taxes in the various contracts it signed to bring in Neymar," according to Manel Pérez of LA VANGUARDIA. The decision "could be confirmed by Barcelona's board by Monday." The ...

Tags: Finance, Europe

02/21/14
Puma's Fourth Quarter '13 Sales Suffer

Puma aims to "position itself to global consumers as the 'fastest sportswear brand in the world,' but that ambition was not reflected in sales for the fourth quarter, which fell more than expected," according to Alice Ross of the FINANCIAL TIMES. The sponsor of sprinter Usain Bolt admitted that it h ...

Tags: Europe, Finance

02/20/14
Barça Could Face Tax Evasion Charges

Spain's High Court is "seeking to charge" Barcelona as a legal entity for "alleged tax fraud in the signing of Neymar," according to the EFE. Prosecutors believe that the transaction "was carried out through the issuing of false invoices, leading tax authorities to suspect that the transfer fee pres ...

Tags: Europe, Finance

02/20/14
Running Business Booming In Spain

Running "has become the new golf" in Spain with "2.5 million runners" in the country, according to Carlos Galindo of SPORT.  The country now has 3,000 races and the "average running expenditure" on equipment is €750 ($1,032). Sales for running shoes "have also increased, with men accountin ...

Tags: Europe, Finance

02/20/14
Heineken Organizers Withhold Payment

Premiership Rugby has accused European Rugby Cup Ltd. of "being in breach of contract after the Heineken Cup organisers again voted to withhold the February instalment of payments that it owes to all participating clubs," according to Alex Lowe of the LONDON TIMES. The English clubs are owed £ ...

Tags: Finance, United Kingdom

02/20/14
Finance Notes

The U.K.'s largest sportswear retailer, Sports Direct Int'l PLC, Wednesday "reported an 11.2% rise in sales" for the 13 weeks ended Jan. 26, helped by a strong online performance, and said that "it is confident of achieving its full year earnings target." Sports Direct, which has around 400 stores i ...

Tags: Finance

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