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Cho Yang-Ho Named New Head Of 2018 PyeongChang Organizing Committee

Published in SportsBusiness Daily Global on 08 / 01 / 14

South Korean businessman Cho Yang-ho, who led PyeongChang's successful bid for the 2018 Winter Olympics, "has been named as the new president of the organizing committee" for the Games, according to REUTERS. Cho said, "I have decided to take up this position to keep the promise I made with the Inter...

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Maradona Wins Lawsuit In Shanghai

Former Argentina striker and Manager  Diego Maradona won a 3M yuan ($490,000) lawsuit in Beijing Monday "against two Shanghai firms which used his name and image without permission," according to the SHANGHAI DAILY. The Beijing No. 1 Intermediate People's Court ruled t ...

Tags: Finance, China

I-League Clubs Lose Sponsorship Funds

I-League clubs Mohun Bagan and East Bengal "are up against financial problems," according to Aabhas Sharma of the Indian BUSINESS STANDARD. Both were being sponsored by Indian business magnate Vijay Mallya's UB Group "for the last 15 years." With Mallya's business interests taking a severe hit ...

Tags: Finance, India

New Zealand Football Eyes Sky TV Deal

New Zealand Football hopes that a new broadcast deal with Sky TV "can help produce a self-sufficient business model this year," according to Simon Plumb of FAIRFAX NZ NEWS. NZ Football "has agreed a package deal with Sky, guaranteeing that eight All Whites and six Football Ferns matches will be scre ...

Tags: Finance, Australia

Perform To Buy Sports Data Firm Opta

Sports media business Perform "is in advanced talks to buy" London-based supplier of sports statistics Opta Sports Data, according to Katherine Rushton of the London TELEGRAPH. Opta's venture-capital backer, Albion Capital, is understood "to have put the company up for sale" for around £40M ( ...

Tags: Finance, United Kingdom

Thiago Most Valuable La Rojita Player

According to Transfermarkt, which determines the market value of football players, the Spanish U21 national team's most valuable player is Thiago Alcántara, whose value is €22M ($29.4M), according to Juan Manuel Díaz of SPORT. Per Transfermarkt, Iker Muniain and Isco are both valu ...

Tags: Europe, Finance

Kieran Prior To Buy Stake In Rangers

Private equity firm Pri Arc boss Kieran Prior claims that he is "set to buy a stake" in Scottish Second Division Rangers and "could soon become the Ibrox club’s biggest single shareholder," according to David Gunn of the SCOTSMAN. The Salford-born 34-year-old, now based in London, "has ce ...

Tags: Finance, United Kingdom

Argentine Player Accused Of Tax Evasion

Argentine first division side River Plate defender Jonathan Bottinelli was charged Wednesday with attempted tax evasion, according to CLARIN. The accusation is part of Argentina's Federal Public Revenue Administration's (AFIP) investigation that began last year. The AFIP said that it "began an exhau ...

Tags: Finance, Europe

Messi, Father Accused Of Tax Fraud

Barcelona's Lionel Messi and his father "denied wrongdoing" on Wednesday after the Spanish tax authorities "accused them of defrauding the state" of more than €4M ($5.3M), according to Pinedo & Rogers of REUTERS. Messi and his father, Jorge, "allegedly filed fraudulent tax returns" for the ...

Tags: Finance, Europe

Finance Notes

Spanish basketball club Lucentum has until next Friday to pay €1.8M ($2.4M) to be able to play in the Spanish Basketball League (ACB) next season. Lucentum recently earned one of two promotion spots to the ACB for '14, but owes the league the payment by next Friday before it can be promoted. Th ...

Tags: Finance

Man City Best-Paid Global Sports Team

Manchester City is the highest-paid team in global sport according to Sportingintelligence’s Global Sports Salaries Survey for '13, compiled in association with ESPN The Magazine and published this week to coincide with The Magazine’s "Money Issue." The average first-team pay at Man City ...

Tags: Finance, United Kingdom, North America

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