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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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Tags: Finance, United Kingdom

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02/11/13
Yao Ming Shares In UniStrong Drop 70%

Amid allegations of insider trading, the company in which former NBAer Yao Ming has 1.053 million shares saw its share price close at RMB 20.16 ($3.23) on Wednesday, "a far cry from its peak" of RMB 113.98 ($18.27), according to Wu Jui-ta of WANT CHINA TIMES. As a result, the market value of Yao's s ...

Tags: Finance, China

02/05/13
Europe's Top Football Clubs Lose $2.3B

Europe's most spendthrift football clubs are "coming under pressure" from UEFA to show that they are abiding by the governing body's financial controls, as "losses across the game’s top sides grow," according to Roger Blitz of the FINANCIAL TIMES. UEFA’s annual report on the health of 67 ...

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02/05/13
FC Kaiserslautern To Issue Fan Bonds

German 2nd Bundesliga club FC Kaiserslautern "will issue fan bonds" for a total of €6M ($8.1M) "to help finance the planned upgrade of its youth academy," according to the DPA. The club will start issuing the bonds on Tuesday at 7pm German time. Customers will be able to purchase bonds online f ...

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02/04/13
Indian Premier League Auction

Proven Test cricket players Michael Clarke and Ricky Ponting's "high-risk strategy of placing the maximum Indian Premier League auction price on their heads only barely paid off as teams instead clamoured over Australia's unproven all-rounders and three pacemen well down the national team's pecking ...

Tags: Finance, Australia

02/01/13
AEG Could See Could See Two New Bids

An Australian shopping center operator and a Qatari sovereign wealth fund "are among those expected to submit bids" worth about $5B-8B for Anschutz Entertainment Group "as early as next week," according to Sender, Edgecliffe-Johnson & Gelles of the FINANCIAL TIMES. AEG's billionaire Owner Philip ...

Tags: Finance, United Kingdom

02/01/13
League Cup Money Crucial For Hearts

Scottish Premier League club Heart of Midlothian Dir Sergejus Fedotovas insisted that the club’s League Cup Final place "will deliver the cash they need to see out the season," according to Alan Marshall of the Scotland DAILY RECORD. The crisis-hit Jambos -- £24M ($38M) in debt -- are in ...

Tags: United Kingdom, Finance

02/01/13
Swindon Town Sold To Consortium

League One side Swindon Town FC will "avoid administration after agreeing a takeover by a local consortium," according to the BBC. The group, which will write off most of the club's £13M ($20M) debt, is led by Southern League side Banbury Owner Jed McCrory, who assumed control of Banbury six m ...

Tags: United Kingdom, Finance

01/31/13
Brentford Owner Investing In Club

League One Brentford revealed that Owner Matthew Benham has invested £15.2M ($24M) in the club since taking over in June, according to Giuseppe Muro of the London EVENING STANDARD. That figure "does not include the money he spent to purchase the land located at Lionel Road South," where Brentf ...

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01/31/13
DEL Club Iserlohn Slashes Ticket Prices

German Hockey League (DEL) club Iserlohn Roosters have decided to invest in their fan base and drastically reduce the prices for standing-room season tickets. Club Managing Dir Wolfgang Brück said, "The most-valued capital of our Iserlohn Roosters is its fans, which are connected to our club in ...

Tags: Finance

01/30/13
EPL Fulham Nearly Debt-Free

EPL Fulham is "effectively debt-free" after Owner Mohamed Al Fayed converted his £212M ($334M) in loans to the club into equity, according to Dominic Fifield of the London GUARDIAN. Fulham reported an operating profit of £1.2M for the financial year ending June 30 with that figure inflat ...

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