Featured Story

Chinese Property Developer Wanda Group Eyes 30% Stake Of Serie A Club AC Milan

Published in SportsBusiness Daily Global on 02 / 27 / 15

China's biggest property developer is "expanding sports empire in Europe," according to Emma Glez of CHINA DAILY. Dalian Wanda Group is interested in purchasing a 30% stake of Serie A side AC Milan, as the company "continues its shopping spree to build a sports empire in Europe." Wanda, which contro...

Read More

Tags: Franchises, Europe, China

More Stories

01/23/15
Only Two Players Earn More Than A$1M

Australian Football League clubs "are spreading more of the wealth among its middle-class," according to Jay Clark of the HERALD SUN. Only two players earned A$1M ($810,000) last season -- believed to be Gold Coast captain Gary Ablett and Greater Western Sydney high-priced recruit Tom Scully. The av ...

Tags: Finance, Australia

01/23/15
Bundesliga Reports Record Revenue

The Bundesliga generated record revenues for the 10th year in a row during the '13-14 season. At €2.45B, revenues were up 12.9% on the previous year. Thirteen out of the 18 clubs -- and hence one more than in the previous year -- operated profitably. On the expense side, the staff cost ratio, w ...

Tags: Europe, Finance

01/23/15
Real Once Again Tops Deloitte's Rich List

Real Madrid has matched its "10th triumph as champions of Europe by topping the Deloitte football rich list for a 10th straight year," according to Bill Wilson of the BBC. ManU moves up from fourth to second on the list, which is based on season '13-14 revenues. Bayern Munich, Barcelona and Paris St ...

Tags: Finance

01/23/15
Russian Clubs In Crisis Over Ruble

As the Russian ruble's exchange rate tumbles against the U.S. dollar and Euro, and the country's economy goes into crisis mode, athletes and sports clubs are facing tighter budgets and spending cutbacks. With revenue and sponsor contracts budgeted in rubles, payments negotiated in major foreign curr ...

Tags: Finance, Russia

01/23/15
Spanish Football Beginning To Reduce Debt

Months after Atlético Madrid won La Liga in May, the club "achieved another success that went unnoticed by most of the public: it reduced its debts with the Spanish tax authorities and Social Security by more than 20%," leaving the amount to pay at €155M, according to EL CONFIDENCIAL. De ...

Tags: Europe, Finance

01/22/15
Ashley Cuts Sports Direct Stake To 55%

Shares in retailer Sports Direct fell more than 6% on Wednesday after founder Mike Ashley sold more than £100M ($151M) worth of shares, according to Felsted & Blitz of the FINANCIAL TIMES. The share placing, by Goldman Sachs, takes Ashley's stake in the sportswear retailer from about 58% t ...

Tags: Finance, United Kingdom

01/22/15
Scottish Hibernian Fans Join Forces

Scottish Championship side Hibernian supporters groups on Tuesday joined forces to "reject the club's new share buying scheme," according to Colin Duncan of the Scotland DAILY RECORD. Hands on Hibs and BuyHibs "both questioned whether the board were serious about moving to community ownership." Last ...

Tags: Finance, United Kingdom

01/22/15
Wang Jianlin Acquires Stake In Atletico

It is "official" -- Chinese businessman Wang Jianlin now owns 20% of Atlético Madrid's shares , according to AS. The cost of the operation is estimated to be around €45M ($52M). In a luxury hotel in Beijing, Atlético CEO Miguel Ángel Gil and President Enrique Cerezo and Wa ...

Tags: Europe, Finance

01/21/15
Rousseff Vetoes Football Bailout Plans

Brazilian President Dilma Rousseff "vetoed a plan to help bail out indebted" football clubs, according to Francisco Marcelino of BLOOMBERG. Rousseff "refused to sign the aid package into law" on Monday night because it did not include "steps to ensure that the teams improve budget oversight and mana ...

Tags: Finance, Brazil

01/21/15
HSV Exec Calls For Change In Distribution

Bundesliga side Hamburg SV Marketing Dir Joachim Hilke "calls for a more fair distribution of TV money in favor of historic clubs that attract higher ratings," according to the DPA. There is "no doubt that historic clubs deliver the Bundesliga's emotional value." Hilke: "And the football product is ...

Tags: Finance, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug