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Adidas Expects Football Sales To Rise To A Record $2.7B In '14 Fuled By The World Cup06 / 19 / 13Adidas said that football sales will rise to a record €2B ($2.7B) next year, "boosted by the World Cup in Brazil," according to Julie Cruz of BLOOMBERG. Adidas CEO Herbert Hainer said, "Through the World Cup we will once again underline our leading position." Adidas said that it will start intr... |
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2014 FIBA World Cup To Generate $400M
Spanish Basketball Federation (FEB) President José Luis Sáez said that the 2014 FIBA World Cup basketball tournament in Spain will generate more than $416M, according to José Félix Díaz of EL CONFIDENCIAL. At a Europe Press breakfast Wednesday, Sáez said, "T ...
Global Eleven Sues Marketer Kentaro
Football investment fund Global Eleven, whose backers include the son of an Italian count, sued Swiss sports marketer Kentaro, saying that "it failed to return profits from matches played by five-time world champion Brazil," according to Tariq Panja of BLOOMBERG. Global Eleven Admini ...
Tags: Finance
Hamburg SV Expects Record Loss
Bundesliga club Hamburg SV Exec Chair Carl-Edgar Jarchow had already announced that the club "will have a double-digit-million loss," but new reports suggest that "it could be the biggest loss in club history," according to the HAMBURGER ABENDBLATT. A Hamburg-based radio stadion reported that the cl ...
Women's Cycling Becomes Big Business
Sunday is Global Women's Cycle Day, "a sport where participation by women lags significantly behind that of men" in the U.K., according to Emma Sinclair of the London TELEGRAPH. The "statistics are, however, changing." British Cycling said that some 525,000 women in England currently cycle at least ...
Tags: Finance, United Kingdom
IMG Reportedly Rejects $2B Bid
IMG this year "drew an unsolicited bid" of more than $2B from California private equity firm Colony Capital, according to sources cited by Gelles, Edgecliffe-Johnson & Garrahan of the FINANCIAL TIMES. Colony's bid was "dismissed because Forstmann Little plans to run an auction so as to obtain th ...
Tags: Finance, United Kingdom
Big Spenders Watch Striani Case
Big-spending clubs opposed to UEFA's Financial Fair Play regulations "were dealt an unexpected boost" Monday when "an official challenge to the rules was lodged at the European Commission," according to Ian Herbert of the London TELEGRAPH. The complaint, lodged by Belgium-registered agent Daniel Str ...
Deportivo Seeks Access To TV Money
La Liga side Deportivo La Coruña and the Spanish Football Federation (RFEF) met Tuesday to try to arrive at an agreement about the conditions established by a judge regarding how Deportivo can access €9M ($11.8M) from a payment of TV rights , according to Juan Yordi of MARCA. Judge Rafa ...
Player Agent Threatens UEFA's FFP
UEFA's Financial Fair Play regulations face a legal challenge in the European courts after a players' agent, Daniel Striani, "argued the rules will unfairly restrict the amount of money he can earn," according to David Conn of the London GUARDIAN. Striani, an agent registered in Belgium, has "lodged ...
Ecclestone To Sell F1 Despite Legal Woes
Prosecutors are still pursuing the investigation into the bribery case involving F1 CEO Bernie Ecclestone as the entrepreneur "prepares the sport to be sold off yet again," according to Kevin Eason of the LONDON TIMES. Plans to find global investors to buy F1 "are going ahead under a huge cloud of l ...
Tags: Finance
Adidas Profit Margin Hits Record High
Germany's adidas posted its highest-ever gross profit margin "as the sale of higher-priced products through its own stores and a new running shoe helped offset weak consumer spending in Europe and problems at Reebok," according to Victoria Bryan of REUTERS. Despite a 2% fall in sales in the fir ...
Tags: Finance
