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Sports Direct To Beef Up Board In Attempt To Repair Reputation

Published in SportsBusiness Daily Global on 12 / 05 / 16

Sports Direct "is hoping to soothe simmering tensions with the City by beefing up its board amid the chain’s worst results in four years," according to Ashley Armstrong of the London TELEGRAPH. The retailer has been "attempting to repair its battered reputation by improving corporate governanc...

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Tags: Finance, United Kingdom

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11/19/15
Real Sociedad To Present Budget Of $73M

La Liga side Real Sociedad is expected to present a budget of €68M ($72.5M) for the '15-16 season at its shareholders meeting on Dec. 9, according to the EFE. This is "the highest budget in club history." Real Sociedad President Jokin Aperribay and Economic Adviser Ignacio Serrat ...

Tags: Europe, Finance

11/18/15
Bremen Reports Loss Of €5.9M For '14-15

Bundesliga club Werder Bremen reported a loss of €5.9M for the '14-15 season, according to RADIO BREMEN. The club unveiled its financial numbers on Monday evening. Bremen was able to increase its revenue to €103.6M over the course of the past season. The club also revealed that its capital ...

Tags: Finance, Europe

11/18/15
Australia Reviews Online Gambling

Failure to "effectively regulate" Australia’s fast-growing sports betting market will result in A$0.60 ($0.43) of every dollar punted "flowing to offshore, illegal bookmakers by the end of the decade," a federal government review into online gambling has been warned, according to Chip Le Grand ...

Tags: Australia, Finance

11/17/15
Arsenal's Flamini Behind GB Biochemicals

Arsenal midfielder Mathieu Flamini has revealed he is behind a "trailblazing company" that could revolutionize the £20B ($30.4B) energy industry, according to Tom Sheen of the London INDEPENDENT. Flamini, 31, has been developing his company GF Biochemicals for several years and "already e ...

Tags: Finance, United Kingdom

11/17/15
Northampton Faces Court Proceedings

League Two club Northampton Town is facing "two sets of court proceedings after complaints about debts," according to Brian Farmer of the PA. Northampton Borough Council, which loaned money for a stadium development, said that the club owes more than £10M ($15.2M). Tax officials said ...

Tags: Finance, United Kingdom

11/17/15
St. Pauli Increases Revenue To €33.1M

Second Bundesliga club St. Pauli "reported an operating result before taxes" of €1.13M during the '14-15 season, according to SPORT1. The club also reported a profit of €240,000 over the course of the past season. St. Pauli President Oke Göttlich said, "We are satisfied with the resul ...

Tags: Finance, Europe

11/16/15
Media Group Prisa To Increase Capital

Media group Prisa "strengthened its capital," according to AS. The company on Friday announced to Spain's National Commission of Markets & Competition (CNMC) the decision to "carry out a capital increase" in which the business will capture €64M ($68.9M). The new shares will be sub ...

Tags: Europe, Finance

11/16/15
Espanyol To Announce Losses

La Liga side Espanyol shareholders now have the financial accounts for the year from July '14 through June, which the club will present at a shareholders assembly on Dec. 22, according to Alberto Martínez of AS. The numbers "are not very encouraging" and strengthen the idea that the inve ...

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11/13/15
CL Return Boosts ManU's Revenue

A "return to the lucrative Champions League" helped ManU report a 39% rise in first-quarter revenue, with "higher broadcast and matchday income" taking the figure to a record level, according to Aastha Agnihotri of REUTERS. Sales for the first three months of the '15-16 financial year were ...

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11/13/15
AFL's Carlton To Post $1.4M Loss

Australian Football League side Carlton will post "one of the biggest financial losses in the club's history," and is expected to be A$2M ($1.4M) in the red "after notching just four wins" for the '15 season, according to Mark Hawthorne of THE AGE. The result follows a A$1.6M loss for the '14 s ...

Tags: Finance, Australia

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