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Words To Live By: Quotes Of The Year, Part One

Published in SportsBusiness Daily Global on 12 / 22 / 14

No matter how the criminals may justify their actions, there is no justification for crimes committed against civilians, especially against women and children. -- Russian President Vladimir Putin , after suicide bombers killed more than 30 people in Volgograd. I am the master of my socia...

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Tags: Year End

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12/01/14
Audit Reveals Fraud In Argentine Hoops

Argentine Basketball Confederation (CABB) Comptroller Federico Susbielles announced that the body's debt after Germán Vaccaro's presidency -- which ran from '08-14 -- has risen to 33.4M Argentine pesos ($3.9M) as a "consequence of the irregularities found in the audit report submitted to the ...

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12/01/14
Finance Notes

Scottish Championship side Rangers will seek a "fresh share issue after announcing an operating loss" of £8.3M for the 12-month period to June 30, with "fresh funding needed" as soon as January. The club recently secured a £3M ($4.7M) loan from shareholder Mike Ashley. However, the "prel ...

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11/26/14
FFA Records $6.2M Profit For '13-14

Football Federation Australia’s latest financial accounts show it has “money in the bank for the first time,” thanks to the sale of A-League side Western Sydney Wanderers, according to John Stensholt of the Australian Financial Review. The FFA’s accounts for the ‘13-14 ...

Tags: Finance, Australia

11/26/14
Spanish Football Federation In Conflict

Spanish Football Federation (RFEF) President Ángel María Villar "continues to want nothing to do with" Spain's Superior Sports Council (CSD), from which the RFEF "opted not to receive money from Spain's Quiniela lottery," according to Enrique Marín of EL CONFIDENCIAL. This "unpr ...

Tags: Europe, Finance

11/26/14
Finance Notes

Australian Football League side Collingwood announced a net profit of A$2.02M ($1.72M) for the financial year ending Oct. 31. It is the club's 14th consecutive profit and was generated largely off the back of record membership of more than 80,000 -- a club and AFL record. Collingwood carries no debt ...

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11/25/14
Brazilian Football Clubs In Cash Crisis

Brazilian football has "lurched into a new crisis with as many as 50% of current professional players and officials unpaid," according to Ricardo Setyon of INSIDE WORLD FOOTBALL. Estimates say that the "wage crisis has hit up to 90% of the professional clubs in the country." The cash crisis "runs de ...

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11/25/14
Lewis Hamilton In For Windfall

F1 driver Lewis Hamilton is in "pole position" to become Britain's "richest ever sports star after clinching his second Formula One world title," according to Ben Rumsby of the London TELEGRAPH. Hamilton's latest championship triumph is "poised to net" him a new £100M ($157M), five-year contra ...

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11/24/14
FFA, A-League Owners Remain At Odds

A-League owners, "some more disgruntled than others, gathered on the weekend in the capital of the UAE to talk about the future of their investments," according to Michael Cockerill of the SYDNEY MORNING HERALD. As always, it is "about power, and money," which is why Football Federation Australia wa ...

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11/21/14
EU Urged To Investigate F1 Finances

F1 will be put in the dock as a "demand to investigate" the sport's £1B ($1.57B) finances is handed to the European Union, according to Kevin Eason of the LONDON TIMES. South East England MEP Anneliese Dodds has written to EU Competition Commissioner Margrethe Vestager over "grave concerns" ab ...

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11/21/14
Rapid Vienna Reports Small Profit

Austrian top flight football club Rapid Vienna "reported a small profit for the '13-14 season," according to the KURIER. The club "released its financial results on Wedneday." According to the report, the club generated €180,000 ($225,000) and "was able to reduce its negative capital" to around ...

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