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Hangin' With ... New Balance Football General Manager Richard Wright

Published in SportsBusiness Daily Global on 03 / 27 / 15

RICHARD WRIGHT is the general manager of New Balance Football. Wright, a 33-year industry veteran, has developed football footwear for Nike, adidas and Umbro before joining Warrior to develop its Warrior Football line. In August, Warrior's parent company, New Balance, announced the decision...

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03/02/15
Finance Notes

Liverpool and Czech club Sparta Prague rules have been cleared of breaching UEFA's Financial Fair Play rules. A UEFA statement said both clubs had been found "to have satisfied the break-even requirement and are no longer under investigation." EPL side Hull City, Israeli side Hapoel Tel-Aviv, Greek ...

Tags: Finance

02/27/15
NRL To Reveal Financial Support To Clubs

The "exact amount" the National Rugby League "spent to support financially stricken clubs last year will be revealed when the annual report is handed down" at Friday's '14 business review, according to Brad Walter of the SYDNEY MORNING HERALD. While the report will show that the game "has never been ...

Tags: Finance, Australia

02/27/15
Man City Waits On Outcome Of FFP Case

Man City’s hopes that UEFA’s Financial Fair Play rules are scuppered "will hinge on a court case" beginning in Belgium that could have widespread repercussions for European football, according to James Ducker of the LONDON TIMES. Jean-Louis Dupont, one of the lawyers who secured the land ...

Tags: Finance, United Kingdom

02/27/15
Brazilian FCs Predict $800M In Revenue

Twelve of Brazil's largest football clubs are predicted to generate R$2.3B ($798.4M) in revenue in '15, according to LANCE!BIZZ. The "8% jump from 2014" is an estimate from Banco Itaú, which is "conducting a study" on the economic finances of Brazilian clubs for the '15 preseason. The study a ...

Tags: International Football, Finance, Brazil

02/27/15
Finance Notes

League Championship side Cardiff City has announced annual losses of £12M "despite spending last season in the Premier League," with the club’s total debt now standing at a "staggering" £174M. Most of the money is owed to Chair Vincent Tan, the Malyasian businessman who purchased 3 ...

Tags: Finance

02/26/15
Owner Of Ironman Explores Sale

Sources said that Providence Equity Partners LLC, owner of the parent of the Ironman Triathlon race, is "exploring options for the company including a potential sale or initial public offering," according to Baker & Roumeliotis of REUTERS. Providence Equity's World Triathlon Corp. has reportedly ...

Tags: Finance

02/26/15
TV Revenue Puts NRL In Strong Position

While many rugby league fans "might find this hard to believe in the wake of a horror week on the Gold Coast," the financial reality for the National Rugby League heading into '15 is that the game at the top level has never been in a stronger position, according to Paul Crawley of the Sydney DAILY ...

Tags: Finance, Australia

02/25/15
McColl Backs Dave King, Three Bears

Scottish businessman Jim McColl has backed former Scottish Championship side Rangers Dir Dave King to "succeed at next week's Rangers EGM and admitted" he can not wait to hear news that the current board have been ousted, according to Gavin Berry of the Scotland DAILY RECORD. The "self-made billiona ...

Tags: Finance, United Kingdom

02/25/15
Levski Sofia Shares Go On Sale

Bulgarian football side Levski Sofia on Tuesday opened the sale of shares in the club to fans, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. All those "who buy shares will receive them" from those held by Levski Majority Owner Todor Batkov. All money received will go into the running ...

Tags: Europe, Finance

02/25/15
Aston Villa Announces '13-14 Financials

EPL side Aston Villa announced it dropped its losses after tax £47.9M from £51.8M the previous year to £3.9M for the year ended May 31. The reduction was due in part to a £33.2M increase in turnover to £116.9M and a £12.9M reduction in operating expenses to £ ...

Tags: Finance, United Kingdom

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