Featured Story

European Football Clubs Using Crowdfunding As New Source Of Income

Published in SportsBusiness Daily Global on 11 / 22 / 17

League Two side Stevenage is "the first football club in the world to sell bonds directly to its fans online via crowdfunding," organizers of the deal said, according to Francesco Canepa of REUTERS. Stevenage raised £600,000 ($793,900) in September via a five-year bond to rebuild a stand in ...

Read More

Tags: Finance, Europe

More Stories

12/21/16
Tennis In Scotland Nets $18.5M Boost

Tennis in Scotland is to benefit from a £15M ($18.5M) funding drive to "double the number of indoor courts to 225 within the decade and boost participation," according to the BBC. Lawn Tennis Association CEO Michael Downey said that it was time to "seize the moment" and capitalize on Andy ...

Tags: Finance, United Kingdom

12/21/16
WP Rugby Union Granted Liquidation

The Western Province Rugby Union has been "granted a final liquidation order" of its commercial arm, the WP Rugby Ltd., in the Western Cape High Court on Tuesday, according to Ashfak Mohamed of IOL. The WP Rugby Union was "handed a provisional liquidation order" for the company on Nov. 7, but the fi ...

Tags: Finance, Africa

12/20/16
Notts County Owner Agrees To Sell Club

League Two side Notts County Owner Ray Trew has "agreed to sell the club to local businessman Alan Hardy," according to Michael Cantillon of SKY SPORTS. Trew bought County in '10 for £1, "saving the club with it on the brink of administration." After protracted negotiations lasting several mon ...

Tags: Europe, Finance

12/20/16
Soccer Players Earn More Than AFL Players

Soccer has "thundered past Australian Rules as the nation’s most lucrative football code," according to Davutovic & Warner of the HERALD SUN. An investigation has revealed 23 Australian soccer players based in the A-League or overseas earn more than the Australian Football League&rsqu ...

Tags: Finance, Australia

12/20/16
Chelsea Announces £70.6M Net Loss

Chelsea announced a net loss of £70.6M for the financial year ending June 30, 2016, with the "deficit born of the Premier League leaders’ decision to buy out" its existing kit deal with adidas and the compensation paid to former Manager ...

Tags: Finance, United Kingdom

12/20/16
Finance Notes

Liberty Media has announced it has "gained all the necessary approvals from antitrust authorities related to its planned takeover of Formula 1 ." This brings the American entertainment company "one step closer to completing its purchase and takeover of F1." Liberty announced earlier this w ...

Tags: Finance

12/19/16
Sport England Invests In Grassroots Sport

Sport England will invest £88M ($109.9M) in "grassroots sport" and a further £3M ($3.74M) to "help sports bid for major events over the next four years," according to the BBC. Of the 26 governing bodies to benefit, "cycling is set for the biggest award" of more than £17M ($21.2M). ...

Tags: Europe, Finance

12/19/16
Malone Planning Spending Cap For F1

The new owner of Formula 1 is "planning a clampdown on overspending by racing teams as part of a big overhaul of the sport designed to end the financial chaos that has blighted it," according to Christopher Williams of the London TELEGRAPH. Liberty Media, controlled by U.S. billionaire John Malone, ...

Tags: Finance

12/19/16
Finance Notes

The joint administrators of Championship rugby side Bradford Bulls " extended the deadline to buy the club to Monday ." They had previously hoped to have a deal for the club, which is "in administration for the third time in four years," agreed by Friday. The Bulls said in a statement that ...

Tags: Finance

12/16/16
Yachting NZ Receives Funding Boost

Yachting New Zealand received "a substantial increase in funding from High Performance Sport New Zealand," according to SAIL WORLD. Yachting is a targeted Tier 1 sport by funder High Performance Sport NZ and has been "earmarked to receive" NZ$15.1M ($10.6M) from HPSNZ in core funding over the next f ...

Tags: Australia, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug