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Survey Reveals Man City Is Highest Paid Team Globally, Five EPL Clubs Rank In Top 20

04 / 16 / 14

Man City is the highest paid team in global sport, according to Sportingintelligence’s Global Sports Salaries Survey for '14, compiled in association with ESPN The Magazine. The average first-team pay at Man City has been calculated at £5.3M ($8.8M) per year, or £102,653 ($170,000)...

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Korea's E.Land World Purchases K-Swiss

Footwear brand K-Swiss announced that South Korea-based fashion and retail company E.Land World will acquire all of the outstanding common stock of K-Swiss for $4.75 per share in cash, or a total equity value of approximately $170M. The offer price is a 49% premium to K-Swiss' closing stock price of ...

Tags: Finance, Asia

Forbidden Technologies' Revenues Surge

Forbidden Technologies’ revenues surged in '12 "driven by the widespread use of its video editing technology" during the Olympics, according to Philip Whiterow of PROACTIVE INVESTORS. The company revealed that sales growth had exceeded the 50% predicted by analysts by a "respectable margin." F ...

Tags: Finance, Europe

Reebok's Discontent In India

Adidas is "finding it tough to make its Reebok store franchisees in India" accept terms of the new business agreement, according to Vivek Sinha of the HINDUSTAN TIMES. The "discontent among Reebok franchisees runs so deep that many have offered deep discounts, as high as 80%, in an effort to clear s ...

Tags: Finance, India

Takeover Could Mean Billabong Break-Up

The latest bidders for surfwear company Billabong "plan to break up the business" if they succeed with a A$527M ($556M) takeover offer, according to Blair Speedy of THE AUSTRALIAN. U.S. clothing maker VF Corp. and bidding partner Altamont Capital Partners offered to match Billabong Americas Presiden ...

Tags: Australia, Finance

Nike Under Fire For Indonesia Wages

The battle over factory pay in Indonesia "is intensifying, with vocal local trade unions joining hands with a U.S. non-governmental organisation to pressure Nike suppliers into paying minimum wages," according to Ben Bland of the FINANCIAL TIMES. A "gap is opening up between employers, who argue tha ...

Tags: Finance, Asia, Nike

Billabong Receives $555M Takeover Bid

Australian surfwear company Billabong received a A$526.8M ($555.1M) "takeover offer from a group including U.S. clothing maker VF Corp., setting the stage for a bidding contest," according to Gavin Lower of the WALL STREET JOURNAL. Billabong said that the offer of A$1.10 a share from VF and Altamont ...

Tags: Finance, Australia

Finance Notes

Former A-League club Adelaide United head coach Rini Coolen is suing the club for A$2.2M ($2.3M) "after his sacking" in Dec. '11. Dutch-born Coolen's demands were outlined at the opening of a trial in the South Australian District Court on Monday and include almost A$1.3M "to pay out the three-and-a ...

Tags: Finance

Liverpool Settles With Former Owners

Liverpool reached an "out-of-court settlement" with former Owners Tom Hicks and George Gillett over the forced sale of the 18-time English football champion, according to Bob Bensch of BLOOMBERG. Liverpool was sold to Fenway Sports Group, then known as New England Sports Ventures, in '10 for £ ...

Tags: United Kingdom, Finance

Sugarpova Set To Double Investment

Maria Sharapova spent $500,000 to set up Sugarpova, her own candy brand, and the 25-year-old from Russia "may more than double her money" in just the first year, according to Danielle Rossingh of BLOOMBERG. She introduced it Thursday in Australia, where she'll be seeded second when the tennis season ...

Tags: Finance, Russia, Australia

KBO Posts Record Revenue In '12

A report from the Korea Baseball Organization, South Korea's top professional baseball league, revealed that it "posted its largest ever amount of revenue" in '12, according to YONHAP. The Korea Baseball Organization Properties, the marketing wing of the KBO, said that the league earned 35B won ($32 ...

Tags: Finance, Asia

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