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U.K.'s Jockey Club Announces Record-Setting Profit Increase Of 11% In 2013

04 / 18 / 14

The Jockey Club, which stages "some of British horseracing's most famous events including the Cheltenham festival and the Grand National, announced record financial results," according to Stephen Wood of REUTERS. The group, the "largest commercial operation in the sport in Britain," increased its tu...

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Tags: Finance, United Kingdom

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11/16/12
Bayern Nets Highest Revenue In History

Bundesliga club Bayern Munich "released its financial numbers for the '11-12 season and presented a record-breaking revenue of €373.4M ($477.3M)," according to Mario Volpe of BILD. The club's profit "after taxes was €11.1M ($14.2M)." The club will distribute a record dividend of €5.5M ...

Tags: Finance, Europe

11/15/12
Dortmund CEO Shuns Investors

Bundesliga club Borussia Dortmund CEO Hans-Joachim Watzke's message for institutional investors after Germany’s only listed football team posted the biggest profit in its history was "don’t buy our shares," according to Alex Duff of BLOOMBERG. Watzke said that "he doesn’t want ...

Tags: Finance, Europe

11/15/12
ManU Backs Financial Fair Play Plans

ManU is backing plans for the Premier League to adopt its own version of UEFA’s Financial Fair Play regulations to "improve the finances of English football’s top-tier clubs," according to Roger Blitz of the FINANCIAL TIMES. The regulations, which require clubs to live within their means ...

Tags: Finance, United Kingdom

11/15/12
ManU Releases First Quarter Results

ManU announced financial results on Wednesday for the first quarter of '13 ending Sept. 30. According to a press release from the club, total revenue was £76.3M ($120.9M), an increase of 3.4% from the previous quarter. Sponsorship revenue increased 32.4% as a result of 10 new sponsorship deals ...

Tags: Finance, United Kingdom

11/15/12
Swiss Sports Profits From Lottery Money

Swiss Olympic "has received CHF24.6M ($26M) from Switzerland's lottery companies Swisslos and Loterie Romande in '11," according to Peter Jegen of the NEUE ZÜRCHER ZEITUNG. Swiss Olympic's annual report revealed that the total payout from the Sport-Toto-Association was exactly CHF24.604,033.35, ...

Tags: Finance, Europe, Olympics

11/14/12
Bolton Wanderers Debt Rises To $216M

EPL side Bolton Wanderers recorded a loss of £22.1M ($35.1M) last financial year, taking its total debt to £136.5M ($216.8M), according to BBC.com. However, £125M ($199M) of the debt is owed to Owner Eddie Davies, which has been "refinanced into a long-term loan." Bolton Chair Phil ...

Tags: Finance, United Kingdom

11/14/12
RFU Reports $10M Loss Last Year

The Rugby Football Union has reported a planned loss of £6.3M ($10M) for the last financial year as a result of "fewer England matches at Twickenham," according to the LONDON TIMES. The governing body loses money in every World Cup season because "there are no autumn internationals," and Engla ...

Tags: Finance, United Kingdom

11/14/12
Carlisle United Reports Financial Losses

English League One club Carlisle United revealed operating losses of more than £124,329 ($197,347) for last season after failing to reach the playoffs. The Cumbrians released their statement ahead of the club's annual general meeting and also confirmed turnover was down £652,141 ($1M). A ...

Tags: Finance, United Kingdom

11/13/12
F1 Team HRT Up For Sale

The future of Spanish F1 team HRT "is up in the air," according to Javier Rubio of ELCONFIDENCIAL.com. With "serious economic difficulties" as the season gets close to a finish, 32 employees of the team have been told that their services were not needed anymore. Furthermore, HRT owner Thesan Capital ...

Tags: Europe, Formula One, Finance

11/13/12
Caterham Gets Loan From Malaysian Bank

The Caterham F1 team has "received a financial boost at the eleventh hour," according to Christian Sylt of PITPASS.com. The boost comes "in the form of a £5.7M ($9M) loan from Malaysian investment bank CIMB, which earlier this year was named as one of the backers of the stalled £6.3B ($1 ...

Tags: Finance, United Kingdom

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