Featured Story

China-Based Peak Sport Products Chair Xu Jingnan Offers $310M To Take Company Private

Published in SportsBusiness Daily Global on 07 / 27 / 16

The chair of China's Peak Sport Products, which sponsors several U.S. basketball teams, "plans to take the company private" for around $310M, saying the sportswear maker's "weak share performance had hurt its reputation," according to Donny Kwok of REUTERS. Peak Sport "flagged earlier this year...

Read More

Tags: Finance, Asia

More Stories

08/06/15
Dilman May Veto Club Debt Proposal

Brazilian President Dilma Rousseff “may veto medida provisoria 671 that will allow for the refinancing of Brazilian clubs’ debts, but implements new rules for better management and more transparency,” according to Samindra Kunti of INSIDE WORLD FOOTBALL. The Brazilian congress and ...

Tags: Finance, Brazil

08/06/15
Spain Presents Sports Budget For '16

Spain's Ministry of Education, Culture & Sport announced its budget for Spanish sports will be €161M ($175M) in '16, representing a €17M ($18.5M), or 12.04%, increase on the country's '15 sports budget of €144M, according to EL PERIODICO. The Superior Sports Council's (CSD) budget ...

Tags: Europe, Finance

08/06/15
U.K. Elite Athlete Funding Under Review

The U.K. government has warned that the "high cost of funding sporting success" is "at odds with the current financial climate" and announced that it will "review the way that elite sport is financed amid fears that Britain's top athletes will lose their backing," according to Sam Dean of the LONDON ...

Tags: Finance, United Kingdom

08/06/15
Mainz Estimates $103.5M In Revenue

Bundesliga side FSV Mainz is expecting to generate €95M ($103.5M) in revenue during the upcoming '15-16, according to Kathrin Hartmann of SPONSORs. The main reason for the positive outlook "is the club's high transfer income from sale of its players." Mainz "will announce its target figures and ...

Tags: Finance, Europe

08/05/15
NeuLion Announces Q2 Revenue Of $22.7M

NeuLion on Monday reported financial results -- including revenues of $22.7M -- for the second quarter that ended June 30. The company's accomplishments during the quarter included: partnering with int'l telecom and media company Millicom to create and deliver a new Tigo Sports app for fan ...

Tags: Finance

08/05/15
Streaming Service FuboTV Secures $4M

N.Y.-based fuboTV, an online provider of live football content, announced on Tuesday that it has raised $4M in Series A funding. Since going live Jan. 8, fuboTV, whose OTT streaming provides access to numerous int'l football leagues including La Liga, Serie A and Ligue 1, has raised $5.6M in funding ...

Tags: North America, Finance

08/05/15
Heineken Avoids Post-World Cup Hangover

A "big jump in sales in Latin America" helped Heineken increase profits, according to Duncan Robinson of the FINANCIAL TIMES. Rising sales of Heineken's premium brands such as Desperados in Latin America and Asia helped the brewer "avoid the hangover suffered by its much larger rival AB InBev," whic ...

Tags: Finance, South America

08/05/15
Rangers First Buys 600,000 Shares

Rangers First has become the eighth largest investor at Scottish Championship side Rangers after completing a deal to buy almost 600,000 shares in the club, according to Christopher Jack of the HERALD SCOTLAND. The group is "attempting to purchase shares from shareholders seeking to cash in at prese ...

Tags: Finance, United Kingdom

08/03/15
Lagardère Reports Revenue Increase

The sports division of French company Lagardère reported positive financial numbers, according to Nils Lehnebach of SPONSORs. The company was able to increase its revenue by almost 50%. During the first half of '15, the company generated revenue of €259M ($285M), which is a 48.5% increas ...

Tags: Finance, Europe

08/03/15
Chime Agrees To $585M Takeover

Chime Communications has agreed to a £374M ($585M) takeover joint offer from marketing rival WPP and U.S. buyout firm Providence Equity Partners, according to Aglionby & Cookson of the FINANCIAL TIMES. Under the terms of the deal, Chime shareholders will receive 365p in cash for ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug