Featured Story

In Grip Of Youth Movement, FIA Looks To Makes F1 Cars Harder To Drive

Published in SportsBusiness Daily Global on 09 / 30 / 14

The FIA is "examining ways of making F1 cars harder to drive," according to Kevin Eason of the LONDON TIMES. As 17-year-old Max Verstappen prepares to make his F1 debut in Friday's free practice ahead of the Japanese Grand Prix, the racing organization is afraid his appearance "will underline fearsw...

Read More

Tags: Leagues and Governing Bodies, Europe

More Stories

Spanish Federation To Forego Subsidy

The Spanish football federation (RFEF), "flush with cash after the national team's phenomenal run in recent years, intends to forego its state subsidy for the third year in a row in 2014," according to Iain Rogers of REUTERS. The world and European champions "have a host of corporate sponsors" inclu ...

Tags: Finance, Europe

Champions League To Offer Hefty Payout

With the start of the UEFA Champions League, top European clubs "are preparing for a competition that grants them succulent economic revenue," according to José Miguel De Pedro of LIBERTAD DIGITAL. The "top European football competition is not in crisis and will continue to distribute importa ...

Tags: Europe, Finance

KKR, New Mountain To Joint Bid For IMG

Two people familiar with the matter said that private equity firm KKR & Co LP "has teamed up with New Mountain Capital LLC to bid for IMG, joining a handful of companies interested in buying the sports, fashion and marketing agency from Forstmann Little & Co," according to Roumeliotis, Kim & ...

Tags: Finance, Europe

Hamburg Reveals Third Consecutive Loss

Bundesliga club Hamburg SV "has for the third consecutive year finished a fiscal year with a distinctive loss," according to DIE WELT. The club "has reportedly finished the year with a loss" of about €9M ($12M). To "contain the feared double-digit million loss, the club reached an agreement wit ...

Tags: Finance, Europe

Schalke Increases Bonds To $67M

Bundesliga club FC Schalke "has increased its club bonds to a volume" of €50M ($66.5M), according to the SID. The club, whose bonds have been listed on the Entry Standard of the Frankfurt Stock Exchange since June, "has increased the volume of its club bonds" by €15M ($20M) to €50M. S ...

Tags: Finance, Europe

El Tri Under Pressure To Make World Cup

Recently hired Mexican national football coach Luis Fernando Tena "has assumed responsibility for the mission of rescuing the business called the Mexican national team," which is valued at up to $900M, according to LA OPINION. If "El Tri does not qualify for the 2014 World Cup, it will not just be a ...

Tags: Finance, North America

Finance Notes

Lionel Messi and his father "will appear in court to answer charges of tax evasion" on Sept. 27 after "a hearing scheduled for next week was postponed" ( REUTERS, 9/10 ). ... The quick exits of Richmond and Collingwood from this season's finals series will cost the Australian Football League more ...

Tags: Finance

Williams F1 Team Sees Revenue Slip

Williams F1 team recorded a turnover of £43.5M ($68M) for the six months to June 30, closely matching the half-year turnover for '12 of £43.4M. Overall turnover for the Williams group for the half-year stands at £57.7M ($91M) compared to £64.9M in '12 ( Williams F1 ). REUTERS ...

Tags: United Kingdom, Finance

Real Madrid Income Climbs To $659M

Real Madrid's revenues exceeded €500M ($659M) for a second consecutive season in '12-13, rising 1.3% to €520.9M ($687M), according to Iain Rogers of REUTERS. The club made a net profit of €36.9M ($49M), up from €24.2M the previous season. Real "topped Deloitte's annual ...

Tags: Finance, Europe

RWE To Receive $1M From Özil Transfer

The €50M ($66M) transfer of German int'l footballer Mesut Özil from Real Madrid to Arsenal "is generating income for German fourth-tier club Rot-Weiß Essen," according to the DPA. Due to the fact the RWE was Özil's apprenticeship club, it "will receive a high six-digit compensat ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug