Featured Story

Flamengo Responsible For Two Highest-Grossing Games In Brazil In '17

Published in SportsBusiness Daily Global on 04 / 28 / 17

According to the latest sales figures for the 60 Brazilian football teams that compete in the country's top three tiers, Rio de Janeiro-based Brasileiro side Flamengo "has the distinction of having the two highest grossing games" of '17 so far, according to Nelson Belen of the RIO TIMES. The to...

Read More

Tags: Finance, Brazil

More Stories

05/31/16
Adidas To Sell Mitchell & Ness

Adidas said on Friday that it would sell U.S. sportswear brand Mitchell & Ness "as part of its strategy of focusing on its core brands," according to William Wilkes of the WALL STREET JOURNAL. Adidas agreed to sell the unit to a company "owned by U.S. private equity firm Juggernaut Capital Partn ...

Tags: Finance, North America

05/31/16
Wests, Balmain Agree To $6.1M Deal

The financial future of National Rugby League side Wests Tigers "has been ensured" following an agreed A$8.5M ($6.1M) deal between the Wests Ashfield and Balmain clubs, according to FOX SPORTS. Cash-strapped Balmain needed to repay a A$5.4M ($3.8M) loan to the NRL by March 31, "however the deadline ...

Tags: Finance, Australia

05/27/16
EPL Clubs Made Record £3.4B Last Year

Premier League clubs "generated a record income" of almost £3.4B last year, with 14 of the 20 clubs making a profit, "the Guardian’s analysis of their most recently published accounts has revealed," according to David Conn of the London GUARDIAN. The improvement in the clubs’ ...

Tags: Finance, United Kingdom

05/27/16
ManU, Madrid Tie For Most Valuable

ManU's fifth place finish in the English Premier League "may have gotten its manager fired, but the team's bottom line is just fine," according to Tariq Panja of BLOOMBERG. A report by accounting firm KPMG revealed that ManU is worth €2.9B ($4.5B). It "gives the club the same value as Real Madr ...

Tags: Finance, Europe

05/27/16
Finance Notes

Arsenal majority shareholder  Stan Kroenke  "increased his majority shareholding" in the club, despite discontent at the Emirates Stadium. Kroenke Sports Enterprise U.K. Inc., wholly owned by the American businessman, "has acquired 23 ...

Tags: Finance

05/26/16
Arsenal Breaks £100M Barrier

Arsenal has become the first club to break the £100M ($147M) barrier in income from Premier League TV money, according to Martyn Ziegler of the LONDON TIMES. The club finished second to Leicester City but tops "the list of income earned due to having appeared in more live matches on telev ...

Tags: Finance, United Kingdom

05/26/16
Finance Notes

New accounts filed by Horizon Sports Management , the sports agency that had a breakup with Rory McIlroy , show that " accumulated profits fell " from €450,021 to €344,178 in the 12 months to the end of June '15. The firm's profits rose by €110,857 in the prior 18-month period. The ...

Tags: Finance

05/25/16
Atlético Madrid Acquires Stake In Lens

Atlético Madrid will provide 35% of the share capital required to buy Ligue 2 club Lens, after Lens President Gervais Martel and Luxembourg business society Solferino Major Shareholder Ignacio Aguillo confirmed that a bid collaborating with the Spanish club "had been accepted in Paris," accor ...

Tags: Europe, Finance

05/25/16
Baofeng, Everbright Acquire MP & Silva

MP & Silva announced an agreement to create a strategic partnership with Everbright, a financial services company in China, and Baofeng, an Internet entertainment and technology company specializing in Virtual Reality and digital entertainment, ...

Tags: Asia, Finance

05/25/16
StubHub Parent Company Buys Ticketbis

StubHub parent company eBay on Tuesday announced the acquisition of int'l online ticket marketplace Ticketbis. Based in Spain and in operation since ’09, Ticketbis will be folded into the StubHub business, and expand the company’s reach into 47 countries. Financial terms were not disclos ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug