Featured Story

National League Side Leyton Orient Bought By Eagle Investments 2017

Published in SportsBusiness Daily Global on 06 / 26 / 17

National League side Leyton Orient has been bought by business consortium Eagle Investments 2017 Ltd., "ending Francesco Becchetti's controversial reign at the club," according to Lyall Thomas of SKY SPORTS. Nigel Travis, who heads Eagle Investments, will take over as chair and his board of director...

Read More

Tags: Finance, United Kingdom

More Stories

05/13/16
Dortmund To Break €300M Revenue Mark

Bundesliga club Borussia Dortmund "could break the €300M ($341M) revenue mark this season," according to Thomas Hennecke of KICKER. Dortmund CEO Hans-Joachim Watzke previously said that he intends "to position the club in such a way that it generates €300M in annual revenue, excluding tran ...

Tags: Finance, Europe

05/13/16
Rui Kang Close To Aston Villa Takeover

Relegated EPL side Aston Villa is "set to be taken over by a Chinese consortium within the next few days," paving the way for former Liverpool Dir of Football Damien Comolli to return to English football, according to David Anderson of the London DAILY MIRROR. The Rui Kang Group is close to agr ...

Tags: Finance, United Kingdom

05/13/16
Constantin Medien's Group Sales Up

German sports marketing media group Constantin Medien continued its positive operating trend from the previous year in the first three months of '16. Group sales increased from €95.3M in the same period last year by 59.6% to €152.1M ($173M) in the first quarter, driven by the film segment. ...

Tags: Europe, Finance

05/12/16
Real Madrid Remains Forbes' Top Team

Escalating payouts from TV agreements, shirt and kit deals, sponsors, and the Champions League "are continuing to fuel higher values" for the world’s top football teams, according to Mike Ozanian of FORBES. As a result, "investors who feasted" on football teams during the past decade or so "ar ...

Tags: Finance

05/12/16
Force India Reduces Losses In '15

The Force India Formula 1 team has "reduced its loss" from £15.4M for the '14 financial year to £6.8M last year, according to Rencken & Barretto of AUTOSPORT. The company's turnover increased from £59.92M in '14 to £64.3M in '15 in statements for the year ending on Dec. 3 ...

Tags: Finance, Asia

05/12/16
William Hill Revenue Falls 3% In Q1

William Hill’s earnings were "hit by big losses at the Cheltenham horseracing festival" in the first quarter of '16, according to McClean & Lewin of the FINANCIAL TIMES. Total net revenue fell 3%, while "online net revenue was hit hardest" -- down 11% -- which the bookmaker said was primar ...

Tags: Finance, United Kingdom

05/12/16
Finance Notes

Hong Kong-based Culturecom Holdings has agreed to acquire Super Sports Media Inc. for up to HK$3.88B ($500M). Super Sports "has exclusive rights to broadcast and distribute live football matches of the English Premier League in mainland China and Macau" until the end of the '18-19 season. C ...

Tags: Finance

05/11/16
Geelong To Wait For Financial Rewards

Australian Football League side Geelong’s "rapid rise up the ladder this year" may not be reflected on its financial balance sheet this season, unless it makes the grand final, according to Greg Denham of THE AUSTRALIAN. Geelong CEO Brian Cook said that "the new premiership favourites could st ...

Tags: Finance, Australia

05/11/16
Financial Notes

ITV  was "a faller on Tuesday on fears that advertising sales have turned negative."  Morgan Stanley downgraded the broadcaster to “ equal weight ” ahead of its first-quarter trading update due on Thursday. Feedback from media buyers suggests May sales were "stagnating," havi ...

Tags: Finance

05/10/16
Man City Could Miss Out On $144M

Missing out on the Champions League next season "could cost" Man City up to £100M ($144M), according to Stuart Brennan of the MANCHESTER EVENING NEWS. Man City is praying West Ham "can do them a favour" against rivals ManU at Upton Park, beca ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug