Featured Story

Int'l Cricket Council, BCCI Agree To New Finance Model For '16-23 Rights Cycle

Published in SportsBusiness Daily Global on 06 / 23 / 17

The BCCI and Int'l Cricket Council "finally reached an agreement on a new finance model," according to Nagraj Gollapudi of ESPN.com. The "bare facts" are the BCCI will receive "a little over" $100M more than what was agreed upon by a "vast majority" of the ICC board in meetings in April and "most of...

Read More

Tags: Finance, Asia

More Stories

SPN To Acquire Ten Sports For $300M

TV mogul Subhash Chandra's Zee Entertainment Enterprises is selling Ten Sports, which he acquired from Dubai-based Abdul Rahman Bukhatir's Taj Group in '06, to Sony Pictures Networks India, "effectively leaving Indian sports broadcasting" to Rupert Murdoch's Star and Sony, according to Gaurav Laghat ...

Tags: India, Finance

Chinese Group Acquires AC Milan

AC Milan President Silvio Berlusconi has agreed to sell the club to a state-backed Chinese group -- "ending a three-decade-long stewardship of the football club" that launched him from a "little-known local entrepreneur to prime minister of Italy," according to Massoudi & Fontanella-Khan of ...

Tags: Europe, Finance

West Brom Sold To Chinese Group

EPL side West Bromwich Albion "agreed to sell the club to Chinese investment group" Yunyi Guokai (Shanghai) Sports Development Ltd., according to Nick Mashiter of the London INDEPENDENT. The group will buy Albion, "subject to approval of the d ...

Tags: Finance, United Kingdom

Football Helping William Hill Revenues

William Hill "eked out a rise in revenues in the first half, after better than expected results from the Euro 2016 football championship offset big losses at the Cheltenham horseracing festival," according to Fedor & Megaw of the FINANCIAL TIMES. Britain’s biggest retail bookmaker by ...

Tags: Finance, Europe

Ladbrokes' Revenue Up 13.1% To $868M

Ladbrokes CEO Jim Mullen thanked the "sporting gods" for conditions that allowed the bookmaker to up its revenues by 13.1% to £661.8M ($868M) in the first half of '16 -- "but also said the company's investment in marketing had paid off," according to Simon Gwynn of CAMPAIGN LIVE. Mullen s ...

Tags: Finance, United Kingdom

Adidas Making Up Ground On Rivals

Adidas said that its revenues in North America "surged in the second quarter as it works to turn round its fortunes in the world’s biggest sportswear market," according to James Shotter of the FINANCIAL TIMES. The world’s second la ...

Tags: Finance, North America

AFL Throws Stricken Clubs Lifeline

Financially stricken Australian Football League clubs "have been thrown a lifeline with a bold and sustainable plan" announced on Wednesday that "should better guarantee the competitiveness of the competition," according to Smith & Denham of NEWS LIMITED. And while overspending in football ...

Tags: Australia, Finance

Manly Sea Eagles Facing $2M Deficit

National Rugby League side Manly Sea Eagles is facing the prospect of a A$2.8M ($2M) "sponsorship black hole" after losing its initial court case with major backer Coco Joy, according to Adrian Proszenko of the SYDNEY MORNING HERALD. The club was of the belief it had entered into a binding A$3.6M ($ ...

Tags: Australia, Finance

EPL Clubs Spend $634M In July

Business analysts Deloitte revealed that Premier League clubs have spent £475M ($634M) "in the month since the summer transfer window opened" on July 1, according to the BBC. The figure compares with £515M at the same stage in '15 and an £870M outlay in the whole of the '15 summer ...

Tags: Finance, United Kingdom

Finance Notes

After the opening of the first CR7 hotel in Madeira capital Funchal at the start of last month, Lisbon "will inaugurate a second hotel" as part of the Cristiano Ronaldo brand on Aug. 16. Permission has been granted for the opening of Pestana CR7 Lisboa Hotel , "which will be situated in the c ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug