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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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12/17/12
Salford City Reds Close To Takeover

Financially troubled English Super League rugby club Salford City Reds "could have new owners by next week," according to Neil Barker of the MANCHESTER EVENING NEWS. Club Chair John Wilkinson, who is battling to avoid administration, has told players and staff that he is "in talks with two intereste ...

Tags: Finance, United Kingdom

12/14/12
Wimbledon Reports Record Profit

The Lawn Tennis Association said that last summer's Wimbledon Championships "saw profits jump by 7% to record levels," according to the BBC. The LTA said that the tournament's profits this year were £37.8M ($70M). The organization will invest the surplus "back into British tennis." It spent &p ...

Tags: Finance, United Kingdom

12/14/12
Sports Direct To Reintroduce Bonus Plan

British sporting retailer Sports Direct said that it would "attempt to reintroduce" a bonus plan to award a one-off windfall worth more than £40M ($64M) to Founder Mike Ashley after company shareholders "rejected a similar measure in September," according to Mark Wembridge of the FINANCIAL TIM ...

Tags: Finance, United Kingdom

12/14/12
Portuguese Football Faces Mounting Debt

The top clubs in Portuguese football "continue struggling with preoccupying levels of debt," according to Hugo Daniel Sousa of PUBLICO. Spurred by the financial crisis, difficulties getting bank loans and the implementation of UEFA Financial Fair Play rules, data from the past season shows that Benf ...

Tags: Finance, Europe

12/13/12
Leeds Near Completion Of Takeover

The Football League’s decision to sanction the appointment of three members of management at Bahrain-based bank Gulf Finance House Capital to the board of directors at Leeds United "removed a major obstacle to completion of the firm’s takeover" on Dec. 21, according to Phil Hay of the YO ...

Tags: Finance, United Kingdom

12/13/12
City Grants Loan To Struggling Club

Financially troubled German 3rd League club VfL Osnabrück "eliminated another obstacle" on its way back to financial stability, according to the SID. The Osnabrück City Council granted the club a €3.6M ($4.7M) loan. With this loan, the city will become co-partner of a stadium operatio ...

Tags: Finance, Europe

12/11/12
City To Decide Future Of Indebted Club

The Osnabrück city council Tuesday "will vote on a possible financial rescue plan for insolvency threatened German 3rd League football club VfL Osnabrück," according to the SID. The city council will make a decision about a €3.6M ($4.7M) loan for the club. Mayor Boris Pistorius said, ...

Tags: Finance, Europe

12/07/12
German Clubs Receive $130M From CL

Germany's three Champions League clubs "have already earned more than €100M ($130M)," according to the SID. Borussia Dortmund will receive €17.1M ($22.2M) in bonus payments from UEFA for advancing to the round of 16. Bayern Munich and Schalke 04, which also advanced, will receive &eur ...

Tags: Finance, Europe

12/07/12
Wolves Release Finances

League Championship club Wolverhampton Wanderers have posted a pre-tax profit of £2.16M ($3.5M) for the year ended May 31. The period covers Wolves' third season in the Premier League, which ultimately ended with relegation to the Championship. The club was £80,000 ($128,000) down on the ...

Tags: United Kingdom, Finance

12/06/12
Rangers Aim To Raise $44M

Scottish Third Division club Rangers is "aiming to raise" up to £27M ($44M) when it returns to the stock market this month, according to Keith Weir of REUTERS. The funds would "help to support the recovery of Rangers," which have been Scottish champions a record 54 times. They are now "playing ...

Tags: United Kingdom, Finance

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