Featured Story

Gao Receives China-Backed Bank Funding For Southampton Takeover

Published in SportsBusiness Daily Global on 08 / 18 / 17

Premier League side Southampton's new owner funded his £200M ($257.5M) takeover of the club "with a loan from a Chinese government-backed bank in Hong Kong," people familiar with the matter said, according to BLOOMBERG. A Chinese investor g...

Read More

Tags: Finance, United Kingdom

More Stories

07/27/16
Barcelona Announces Record Revenue

Barcelona announced record revenues of €679M ($746M) for the '15-16 season in its latest financial results, according to ESPN.com. The numbers were released on Monday, which saw the La Liga champion return a net profit of €29M ($32M) after tax, to put it "within target of the club's strate ...

Tags: Europe, Finance

07/26/16
Scottish League Cup Winners Gets $263K

The winners of this season's Betfred Cup will pocket £200,000 ($263,000) in prize money, according to Colin Paterson of the Scotland DAILY RECORD. Details of how the £1.8M ($2.4M) prize pot "will be broken down" was revealed on Monday. A "significant six-figure sum is on offer to the tea ...

Tags: Finance, United Kingdom

07/26/16
RFU Signs $263M Deal With Premiership

England's World Cup hopes "have given a major boost" following the signing of a "ground-breaking" £200M ($263M) deal between the Rugby Football Union and Premiership Rugby, according to Gavin Mairs of the London TELEGRAPH. The landmark agreement "secures the partnership between the govern ...

Tags: Finance, United Kingdom

07/26/16
Verizon Acquires Yahoo For $4.8B

Verizon is buying Yahoo for $4.8B, "marking the end of an era for a company that once defined the internet," according to Liedtke & Arbel of the AP. It is "the second time in as many years" that Verizon, extending its digital reach, "has snapped up the remnants of a fallen internet star." T ...

Tags: Finance

07/25/16
Gaming Groups Considering $3.9B Bid

Gaming groups 888 and Rank are considering a £3B ($3.9B) joint bid for " struggling rival " William Hill, according to Nick Fletcher of the London GUARDIAN. The pair issued a statement "saying they had formed a consortium for a potential transaction for William Hill." The move "turns ...

Tags: Finance, United Kingdom

07/25/16
Investment Fund Buys Stake In Enertor

An investment fund backed by former bosses of Diageo, the BBC and Debenhams "has snapped up a stake in a business that makes specialist insoles" for athletes such as Usain Bolt, according to Ben Harrington of the SUNDAY TIMES. Provenance Investment Partners has bought "a secret 21% stake in Ene ...

Tags: Finance, United Kingdom

07/25/16
Liga MX Side Necaxa Faces Embargo

Liga MX side Necaxa's clubhouse "was embargoed" after former youth coach Martín Federico Pérez Tapia "sued the club for an unjustified dismissal plus lost salary," according to Claudio Bañuelos of LA AFICIÓN. A local court ordered the embargo of the clubhouse du ...

Tags: Finance, North America

07/22/16
Wolves Sold For Close To $60M

League Championship club Wolverhampton Wanderers has been taken over for £45M ($59.4M) "by a Chinese group, Fosun International," according to the PA. The Wolves have been up for sale since '15 and Fosun is to "pump up to" £30M ($39.6M) into the club "over the next two years as part of t ...

Tags: Finance, United Kingdom

07/22/16
Finance Notes

As part of the acquisition of a majority stake by Bruin Sports Capital , deltatre has taken full ownership of deltatre Media , deltatre’s U.K. subsidiary, buying out Paul Bristow ’s minority share. Bristow co-founded deltatre Media in '02 and led the growth of the company into new s ...

Tags: Finance

07/21/16
Sauber F1 Aquired By Longbow Finance

The financially struggling Sauber F1 Team has been taken over by Longbow Finance. The Swiss investment company has acquired 100% of the shares of Sauber Holding, which is the holding company behind Sauber Group. The Swiss team confirmed the acquisition by Longbow Finance on Wednesday. The agreement ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug