Featured Story

National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

Read More

Tags: Leagues and Governing Bodies, Australia

More Stories

11/07/13
Malaga Exec Says Debts Have Been Paid

La Liga side Málaga Dir General Vicente Casado said that the team has "paid off all its debt to the Spanish tax authorities (Hacienda)," according to Carlos Cariño of AS. Casado said, "With the Spanish tax authorities and Social Security, we do not have any remaining debt." Casado adde ...

Tags: Europe, Finance

11/07/13
Ancelotti Highest Paid La Liga Coach

According to futbolfinanzas.com, Real Madrid's Carlo Ancelotti is "La Liga's best-paid coach." Ancelotti is followed by Barcelona's Tata Martino, who joined the club during the summer. Martino, who makes $7.3M annually, is followed by Atlético's Cholo Simeone ($3.4M) and Athletic Bilbao's Ern ...

Tags: Europe, Finance

11/05/13
Rangers Say Advisers May Go Bust

A financial advisory firm appointed by Scottish League 1 Rangers is "under threat from going bust with its own cash flow problems," according to the SCOTSMAN. Daniel Stewart is the third firm the club has appointed to "oversee its monetary affairs in the last six months." However, the London-based f ...

Tags: Finance, United Kingdom

11/05/13
Quantum Says Lotus Deal Is Done

Lotus's long-term F1 future received a major boost on Sunday night when investment group Quantum Motorsports said that "its deal to buy into the team was complete," according to Jonathan Noble of AUTOSPORT. After a weekend when questions about Lotus's financial state emerged following driver Kimi R& ...

Tags: Finance, United Kingdom

11/04/13
F1 Team Lotus In 'Uncertain' Predicament

Despite battling for second place in the constructors' championship "heading into the final three rounds of this year," F1 team Lotus' "off-track predicament is more uncertain as they continue bidding to tie up an investment deal with the Quantum consortium," according to James Galloway of SKY SPORT ...

Tags: Europe, Finance

11/04/13
Ipswich Town Football's Finances Tough

Finances can be "very tough outside football's moneybags Premier League" -- just ask the directors of League One Ipswich Town, according to Julian Knight of the London INDEPENDENT. Off the pitch, "Ipswich's reduced circumstances make the challenge of being a major employer in the local area -- 600 p ...

Tags: United Kingdom, Finance

11/01/13
CA Owes Money To Several Sources

The outstanding payments owed by Cycling Australia to broadcaster SBS that threaten coverage of Australia's main domestic races next year "are understood to be among a number of claims for unpaid money against the national body," according to Rupert Guinness of the SYDNEY MORNING HERALD. Several con ...

Tags: Finance, Australia

11/01/13
Argentine Money Laundering Case Closed

An Argentine court has called off an "investigation into money laundering in player trades in Argentine football," according to Andrés Morando of OLE. Football can "now breathe again." The investigation "had a shocking title: money laundering in football." It involved "trades of more than 30 ...

Tags: South America, Finance

11/01/13
Hollande Forces Tax Onto French Clubs

French President François Hollande "showed no mercy for France’s top football clubs on Thursday, refusing to let them off paying" his 75% income tax bracket on salaries above €1M ($1.37M), according to Hugh Carnegy of the FINANCIAL TIMES. The clubs "had protested that the 'unfair a ...

Tags: Finance, Europe

11/01/13
Messi Distanced From Tax Issue

The court hearing Lionel Messi’s tax case "has been told the Barcelona player did not have any role in managing his own ‘image rights’ income," according to Dermot Corrigan of ESPN. Messi and his father, Jorge, "gave evidence in court in late September, answering charges the pair ...

Tags: Europe, Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug