Featured Story

China's Spending On Sports Properties May Not End With Liverpool

Published in SportsBusiness Daily Global on 08 / 24 / 16

When John Henry bought Liverpool in '10, China’s currency was trading at 6.7 yuan to the dollar and "heading higher," according to Tom Mitchell of the FINANCIAL TIMES. It would eventually peak in early '14 at six yuan to the greenback. It is doubtful that Henry "gave much thought to how many r...

Read More

Tags: Finance, Europe

More Stories

09/18/15
ManU Revenue Last Season Down 8.8%

The full cost of ManU’s absence from the Champions League "has been laid bare as the club announced a dramatic" 8.8% fall in revenue last season, according to Mark Cue of the LONDON TIMES. Failure to "qualify for the riches of Europe’s premier club competition resulted in an income dip f ...

Tags: Finance, Europe

09/18/15
Int'l Business To Propel Under Armour

Under Armour Founder, Chair & CEO Kevin Plank said that he expects UA to become a $7.5B company by '18, a number that is "on track to double this year's revenue," according to Krysia Lenzo of CNBC. Plank said that that growth -- from $3.1B in the most recent fiscal year, according to F ...

Tags: Finance, North America

09/18/15
Dusseldorf Reports Profit Of $1.3M

Second Bundesliga club Fortuna Dusseldorf "reported a profit" of more than €1M ($1.1M) for the '14-15 fiscal year, according to Kathrin Hartmann of SPONSORs. The club announced a profit of €1.17M ($1.32M) for the '14-15 season. It is an increase of €100,000  ($113,000) in compari ...

Tags: Finance, Europe

09/17/15
Rhino Rugby Extends Subscription Period For Bonds

Rhino Rugby, the specialist producer of rugby training equipment, teamwear, apparel and rugby balls, "has extended the subscription period for its retail bonds" until Oct. 31, according to RUNNING RUGBY. The original deadline for applications to purchase the bonds -- which "mature in ...

Tags: Finance, Europe

09/17/15
Clubs Seek Champions League Payout

While claiming the Champions League title is the "ultimate goal," there is "much more at stake in this most prestigious of tournaments," according to Andrew Leigh of FORBES. The Champions League "pays handsomely," and prize money is jumping 25% for the '15-16 campaign. Thanks to a "generou ...

Tags: Europe, Finance

09/17/15
Beckham Teams Up With Tailor

David Beckham's much publicized branding deal with Hong Kong-listed Global Brands Group has "produced its first agreement -- with another clothing line in the same family," according to Jennifer Hughes of the FINANCIAL TIMES. The former England footballer and GBG promised a "first-of-its-kind" joint ...

Tags: Asia, Finance

09/17/15
Spain's CSD's '16 Budget Set At $186M

Spain's Superior Sports Council (CSD) will have a budget of €164.3M ($186M) in '16, a 9.4% increase from its '15 budget of €150.1M, according to MUNDO DEPORTIVO. The objective is to "support Spain's federations and national athletes' preparation ahead of the Rio Olympics and the ...

Tags: Finance, Europe

09/16/15
ManU To Reveal Cost Of CL Failure

ManU returned to the Champions League on Tuesday with the club "due to reveal that last season's absence from the competition" cost up to £35M ($54M) in lost revenue, according to Mark Ogden of the London TELEGRAPH. The club is set to publish its annual accounts on Thursday, when the "full cos ...

Tags: Finance, United Kingdom

09/16/15
TLA Worldwide Posts $1.4M Loss

The cost of staging the first Int'l Champions Cup in Australia, a preseason football tournament featuring Real Madrid, AS Roma and Man City, together with the acquisition of rival Elite Sports Properties, saw Aim-listed sports agency TLA Worldwide fall to a $1.4M first-half pre-tax loss, a ...

Tags: Finance

09/15/15
New Russian Boss Brings Hope

The recent election of Vitaly Mutko as president of the Russian Football Union (RFS) is expected to improve the organization's dire financial situation. Immediately upon election earlier this month, Mutko secured a sponsorship deal with metals company Norilsk Nickel, but he warned that paying out al ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug