Featured Story

National Rugby League Side Gold Coast Titans Fined $263,000 For Salary Cap Breach

Published in SportsBusiness Daily Global on 10 / 24 / 14

National Rugby League side Gold Coast has been fined A$300,000 ($263,000) "and hit with a suspended penalty of four competition points over a salary cap breach in regard to former playmaker Scott Prince," according to the AAP. Prince left the Titans at the end of '12 and the penalty "was issued aft...

Read More

Tags: Leagues and Governing Bodies, Australia

More Stories

09/25/14
ACB Bilbao Basket Avoids Insolvency

Spanish Basketball League (ACB) side Bilbao Basket announced on Wednesday that "it has reached necessary agreements with its creditors," according to Alfonso Herrán of AS. This "successfully concludes the club's pre-bankruptcy period." The "insolvent situation that had prevented Bilbao from f ...

Tags: Europe, Finance

09/25/14
Rangers Dir Buys 1.2 Million New Shares

Scottish Championship side Rangers Dir Sandy Easdale has "increased his shareholding at the club after buying 1.2 million shares," according to Matt Coyle of STV. The purchase of 1,242,110 ordinary share means Easdale "has influence over 26% of the shareholding at the Ibrox club." Easdale's purchase ...

Tags: Finance, United Kingdom

09/25/14
Chime Acquires ABC Sports Management

Int'l communications and sports marketing group Chime Communications has acquired U.K. athlete management business ABC Sports Management, which has "particular strength in rugby union," according to STOCKMARKETWIRE. ABC, which currently manages the careers of "several leading players" in int'l rugby ...

Tags: Finance, United Kingdom

09/25/14
Kroenke Angers Club Fans By Taking $5M

Arsenal's latest company accounts reveal that majority shareholder Stan Kroenke "has taken a payment" of £3M ($5M) out of the club, according to Amy Lawrence of the London GUARDIAN. Having never taken dividends from his American sports franchises, which include the NBA Denver Nuggets and the N ...

Tags: Finance, United Kingdom

09/24/14
Dusseldorf Generates Profit Of €1.07M

Second Bundesliga side Fortuna Dusseldorf "released its financial numbers for the fiscal year ending in June," according to RP ONLINE. The club generated a profit of €1.07M despite having to pay compensations to former coaches Norbert Meier, Mike Büskens and Lorenz-Günther Köstne ...

Tags: Finance, Europe

09/24/14
Liverpool Facing UEFA FFP Inquiry

Liverpool could have almost £7M ($11.5M) of Champions League prize money withheld pending a UEFA inquiry into a "possible breach of Financial Fair Play regulations," according to Gabriele Marcotti for the LONDON TIMES. The payment, expected next month, "may not be forthcoming" if the club is r ...

Tags: Finance, United Kingdom

09/24/14
Real Zaragoza Liquidates Its Debts

Spanish second division side Real Zaragoza has liquidated its €2.9M ($3.7M) debt to the Spanish tax authorities, "primarily derived from delayed salary payments to players and club employees," according to the EFE. The payment to the tax authorities "was one of the primary problems resolved by ...

Tags: Europe, Finance

09/24/14
Laxey Partners Ups Stake In Rangers

Finance group Laxey Partners has strengthened its grip on Scottish Championship side Rangers by increasing its stake in the club, according to Gary Ralston of the Scotland DAILY RECORD. The Isle of Man hedge fund is now the "largest shareholder at Ibrox" after increasing its stake to 16.3%. Laxey sp ...

Tags: Finance, United Kingdom

09/24/14
Serie A Juventus Increases Revenue, Debt

Serie A side Juventus released its financial report to June with a "marked increase in revenue, but still running at a loss" of €6.7M ($8.6M), according to FOOTBALL ITALIA. Juventus is "to consider this an improvement," as in '12-13 the club ran at a loss of €15.9M. Revenue increased by &e ...

Tags: Europe, Finance

09/23/14
Lim To Buy 50% Stake In Salford City

Singaporean billionaire Peter Lim "is set to purchase a 50% share" in semi-pro Northern Premier League side Salford City, according to Jamie Jackson of the London GUARDIAN. Lim has agreed to a deal with the former ManU players and current owners of Salford City Ryan Giggs, Gary and Phil Neville, Nic ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug