Featured Story

Flamengo Responsible For Two Highest-Grossing Games In Brazil In '17

Published in SportsBusiness Daily Global on 04 / 28 / 17

According to the latest sales figures for the 60 Brazilian football teams that compete in the country's top three tiers, Rio de Janeiro-based Brasileiro side Flamengo "has the distinction of having the two highest grossing games" of '17 so far, according to Nelson Belen of the RIO TIMES. The to...

Read More

Tags: Finance, Brazil

More Stories

China's Li Ning Returns To Profit

Chinese sportswear brand Li Ning made a "small profit last year, ending three years of annual losses," according to Patti Waldmeir of the FINANCIAL TIMES. The company -- a household name on the Chinese high street -- reported net profit attributable to equity holders of $2.2M for '15, reversing ...

Tags: Asia, Finance

Schalke Reports Record Revenue For '15

Bundesliga club FC Schalke reported a record revenue of close to €265M for the '15 fiscal year, according to Friedhelm Pothoff of DER WESTEN. Schalke Finance Dir Peter Peters said that the club generated €264.5M last season. During the '1 ...

Tags: Finance, Europe

Kering Dismantling Sports Unit

French luxury group Kering "continued to dismantle its sports and lifestyle unit with another disposal," boosting speculation the owner of Gucci may exit Puma, the ailing German shoemaker it bought in '07, according to Andrew Roberts of BLOOMBERG. Kering sold snow-goggle maker Electric to a group le ...

Tags: Finance, Europe

Wasps Post Record Turnover

Premiership rugby side Wasps revealed that the club achieved a record turnover of £15.2M ($22M) in the six months to Dec. 31 and extended the stadium naming rights deal with Ricoh in a short-term deal, according to Tim Groves of RUNNING RUGBY. There had been rumors that current main shirt ...

Tags: Finance, United Kingdom

FFA Loses Millions Over Newcastle Jets

Football Federation Australia is hoping to finalize the sale of A-League side Newcastle Jets by the end of the year after "incurring millions of dollars in losses from running the club since assuming the ownership from Nathan Tinkler in May," according to Dominic Bossi of the SYDNEY MORNING HERALD.& ...

Tags: Australia, Finance

Hamburg SV Set To Issue New Bonds

Bundesliga club Hamburg SV "is planning to issue new bonds to help the club repay its liabilities," according to Nils Lehnebach of SPONSORs. The side, which called the restructuring of its liabilities a necessity, has specified its plans. The club ...

Tags: Finance, Europe

NZR Posts 2015 Loss Of $311,000

New Zealand Rugby said that it posted a loss of revenue last year "despite the continued global dominance of the All Blacks that culminated in a second successive World Cup triumph," according to Nick Mulvenney of REUTERS. NZR said that the loss of NZ$463,000 ($311,300) was lower than had been budge ...

Tags: Finance, Australia

FC Twente May Lose Pro License

Eredivisie side FC Twente is "facing expulsion from the Dutch top-flight" next season as the institutional and financial crisis "continues to grow at the club," according to Samindra Kunti of INSIDE WORLD FOOTBALL. The Dutch FA (KNVB) is "threatening to revoke Twente's professional license." FC ...

Tags: Finance, Europe

Mercedes' F1 Success Paying Dividends

Since its Formula 1 team "began winning," Mercedes' sales have increased nearly 20%, according to Javier Rubio of EL CONFIDENCIAL. The car maker sold 1.57 million units in '13, 1.7 million in '14 and 1.87 million in '15. In '15, Mercedes "recorded record sales in China and set a record for total uni ...

Tags: Europe, Finance

Owning Aston Villa Has Been Costly

They "say every cloud has a silver lining but that doesn’t seem to be the case" for EPL side Aston Villa Owner Randy Lerner and the team's fans, according to Bobby McMahon of FORBES. And as poor as Villa has "been on the pitch the financial performance of the club has been just as wretche ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug