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Survey Reveals Man City Is Highest Paid Team Globally, Five EPL Clubs Rank In Top 20

04 / 16 / 14

Man City is the highest paid team in global sport, according to Sportingintelligence’s Global Sports Salaries Survey for '14, compiled in association with ESPN The Magazine. The average first-team pay at Man City has been calculated at £5.3M ($8.8M) per year, or £102,653 ($170,000)...

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03/01/13
Finance Notes

Super League rugby side Wakefield Trinity Wildcats "face a six-figure hole in their budget after their main sponsor Eric France went bust." The scrap metal business ceased trading on Wednesday with debts of £22M ($33.4M) ( BBC, 2/28 ). ... Russian tycoon Alisher Usmanov "has sold part of t ...

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02/28/13
German Hockey Team Files For Bankruptcy

German second-tier hockey club EC Hannover Indians Managing Dir Dirk Wroblewski said that the team "will file for bankruptcy immediately" as it is unable to pay its bills, according to the DPA. The result of this revelation "will be relegation from the league." Whether the team of head coach Christi ...

Tags: Finance, Europe

02/28/13
Cricket Clubs Reveal Latest Financials

Sussex County Cricket Club announced a deficit of £325,375 ($493,333) in its accounts for the financial year to Oct. '12, according to the BBC. The club recorded an operating surplus of £227,775 ($345,352) "but depreciation of assets led to an overall loss." Sussex Chair Jim May said, "S ...

Tags: Finance, United Kingdom

02/28/13
Nike Forced To Relocate In China

China Business News reported a Guangdong shoe manufacturer for Nike "has cut its work force to 4,000 from 13,000 since the global financial crisis five years ago," according to WANT CHINA TIMES. The factory manager, surnamed Wu, said that the factory "has no recruitment plans even in the current hir ...

Tags: Finance, Asia

02/28/13
WC Rail System Failures Boosting Marcopolo

Brazil’s failure to upgrade its rail system in time for the 2014 World Cup is "giving a boost" to the country's biggest bus maker Marcopolo SA, according to Christiana Sciaudone of BLOOMBERG. Plans to build integrated metro, light rail and bus systems are being scaled back in "at least half of ...

Tags: Finance, Brazil

02/27/13
Kiel Generates Only $33K Despite Three Titles

German Handball Bundesliga (HBL) club THW Kiel "has, despite having one of the most successful seasons in HBL history, only generated modest profits," according to the DPA. The club won the Champions League, DHB-Pokal (German Cup) and the German championship in '11-12. However, the THW has only gene ...

Tags: Finance, Europe

02/27/13
Ashley Sells Large Stake In Sports Direct

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02/26/13
Dortmund Reveals New Record Revenue

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02/26/13
Arsenal Reveals Mid-Year Profit Of $27M

EPL side Arsenal announced a pre-tax profit of £17.8M ($26.9M) for the six months to Nov. 30 last year, but the figures "revealed an ongoing reliance on player sales to balance the books," according to James Olley of the London EVENING STANDARD. The Gunners made £23.2M ($35M) in player t ...

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02/26/13
Melbourne Racing Club Reports Record Profit

Australia's wealthiest race club "will report a record profit at the end of the financial year-- but a massive loss for its racing activities," according to Rod Nicholson of the HERALD SUN. Melbourne Racing Club, "which runs Caulfield, owns Sandown and is in partnership with Victoria's biggest count ...

Tags: Australia, Finance

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