Featured Story

F1 CEO Ecclestone Fighting $1.57B Tax Bill As HMRC Reopens Family Trust Dispute

Published in SportsBusiness Daily Global on 05 / 22 / 15

F1 CEO Bernie Ecclestone is "fighting a tax bill" of more than £1B ($1.57B), after U.K. tax authority HMRC reopened a "long-running dispute over a family trust," according to Vanessa Houlder of the FINANCIAL TIMES. The high court heard on Thursday that Ecclestone had filed "three separate laws...

Read More

Tags: Finance, United Kingdom

More Stories

08/12/14
Gerry Harvey Pursuing Patinack Farm

Australian retailer Harvey Norman Chair Gerry Harvey met with the Tinkler Group on Monday after the "latest sale of Patinack Farm to a Middle Eastern consortium proved a Group 1 flop," according to Christian Nicolussi of the Sydney DAILY TELEGRAPH. After Nathan Tinkler's "messy exit" from National R ...

Tags: Finance, Australia

08/11/14
IPL Clubs Demand BCCI Compensation

The franchises of the Indian Premier League have asked the Board of Control for Cricket in India to "compensate for the expenses incurred" during the UAE leg of the IPL 7, according to Vijay Tagore of the MUMBAI MIRROR. All the franchises, "including Chennai Super Kings, have written to the BCCI/IPL ...

Tags: Finance, India

08/08/14
Adidas Sees 16% Slide In Q2 Net Profits

Adidas shareholders saw a 16% "slide in net profits in the second quarter of the year as the group repeated its warning that currency effects, conditions in Russia and poor golf sales were taking their toll," according to Alice Ross of the FINANCIAL TIMES. Adidas CEO Herbert Hainer said, "Missing ou ...

Tags: Finance, Europe

08/08/14
Scottish Rangers Announce Share Sale

Scottish Championship side Rangers has been forced to "try to raise cash from shareholders to fend off financial woes caused by the fans' boycott," according to Keith McLeod of the Scotland DAILY RECORD. The club announced plans to raise £4M ($6.7M) on the London Stock Exchange on Wednesday, " ...

Tags: Finance, United Kingdom

08/07/14
NZ Bills AFL Clubs On Anzac Matches

New Zealand authorities have "defended the tax slug" on Australian Football League matches in Wellington, "declaring the Anzac Day combatants are participating in 'exhibition games,'" according to Michael Warner of the HERALD SUN. Players from AFL clubs St. Kilda, Sydney and Brisbane were "hit with ...

Tags: Finance, Australia

08/07/14
Melbourne Victory To Sell 35% Share

A share of A-League side Melbourne Victory could "end up in the hands of an overseas owner or syndicate" after it was revealed 35% of the club is "expected to go up for sale," according to Ray Gatt of THE AUSTRALIAN. Shareholders Harry Stamoulis and Robert Belteky, along with a "smaller group of inv ...

Tags: Finance, Australia

08/07/14
AFL Hawthorn Boss Wary Of Tax Hit

Australian Football League side Hawthorn fears the "looming footy department tax will reduce the financial powerhouse to 'just a break-even club,'" according to Mark Hayes of the HERALD SUN. Hawthorn President Andrew Newbold said that barring a "radical restructure" of the Hawks' footy department, t ...

Tags: Australia, Finance

08/07/14
Sky Deutschland's Q2 Profit Up 8.5%

German pay-TV provider Sky Deutschland said on Wednesday that its "second-quarter core profit" rose 8.5% as subscriber cancellations "dropped to a record low," according to Ten Wolde & Steitz of REUTERS. The company, controlled by Rupert Murdoch's entertainment group 21st Century Fox, reported s ...

Tags: Finance, Europe

08/06/14
William Hill's Pre-Tax Profits Down 15%

A "record-breaking World Cup provided some relief" for bookmaker William Hill, according to Duncan Robinson of the FINANCIAL TIMES. But "despite the World Cup, profits for the period were down year on year" as the group closed stores across the U.K. in the face of "increased duty on gaming machines" ...

Tags: Finance, United Kingdom

08/06/14
Arsenal's Usmanov Calls Drought Avoidable

Arsenal shareholder Alisher Usmanov has claimed that the club "could have avoided their nine-year trophy drought if they had chosen a different way to fund their move to the Emirates Stadium," according to the LONDON TIMES. Usmanov, the club's second largest shareholder, revealed that he had been "f ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug