Featured Story

European Football Clubs Using Crowdfunding As New Source Of Income

Published in SportsBusiness Daily Global on 11 / 22 / 17

League Two side Stevenage is "the first football club in the world to sell bonds directly to its fans online via crowdfunding," organizers of the deal said, according to Francesco Canepa of REUTERS. Stevenage raised £600,000 ($793,900) in September via a five-year bond to rebuild a stand in ...

Read More

Tags: Finance, Europe

More Stories

10/10/17
Trump's Golf Courses Double Losses

U.S. President Donald Trump's Scottish golf courses lost more than £19M last year, new figures revealed, according to Jeremy Watson of the LONDON TIMES. Accounts filed at Companies House for Trump's resorts at the Menie Estate in Aberdeenshire and Turnberry in Ayrshire "show they both mad ...

Tags: Finance, United Kingdom

10/10/17
Becker May Sell Wimbledon Trophies

Boris Becker "is believed to have borrowed" £2M from a British telecom billionaire "amid claims he may sell his Wimbledon trophies" to help pay off an alleged £54M ($71M) debt, according to Harry Yorke of the London TELEGRAPH. The three-time Wimbledon champion was declared bankrupt ...

Tags: Finance, United Kingdom

10/09/17
CSA Expects Big Loss From T20 League

Cricket South Africa "will endure a big financial jolt" from its inaugural T20 Global League, according to the INDIAN EXPRESS. The expected net losses are "to the tune of" $25M -- an amount that accounts for "more than half its current cash reserves." According to '16-17 financial details submitted ...

Tags: Finance, Africa

10/09/17
Chinese Gov May Pull AC Milan Investment

Serie A side AC Milan Owner Yonghong Li "could see his investment in the club recalled" by the Chinese government as part of its "crackdown on foreign expenditures," according to 90MIN. The businessman purchased the club along with Sino-Europe Sports earlier this year, but his partners backed out an ...

Tags: Finance, Europe

10/06/17
Walkinshaw Teams Up With Andretti

The "future of Australia’s greatest V8 team has been assured" by a multimillion-dollar deal that brings another American racing firm to the Australian Supercars scene, according to James Phelps of the Sydney DAILY TELEGRAPH. Walkinshaw Racing sold a multimillion-dollar stake "in the iconic Aus ...

Tags: Finance, Australia

10/06/17
Chelsea Looking To Double Revenue

Chelsea "plans to ramp up sponsorship deals in an effort to double revenues" to more than £650M ($852.4M), "as it looks to keep pace with higher-earning rivals in signing the world’s best footballers," according to Murad Ahmed of the FI ...

Tags: Finance, United Kingdom

10/06/17
Mercedes F1 Generated £289M In '16

The Mercedes Formula 1 team generated an "astonishing" turnover of £289M in '16, and its parent company "only had to pump in" around 10% of that figure, according to AUTOSPORT. While they do not include the costs of the HPP powertrain division in Brixworth, the numbers "suggest that F1 is a ba ...

Tags: Finance, United Kingdom

10/05/17
Newcastle Loses High Court Challenge

Premier League side Newcastle lost a High Court challenge "over the seizure of documents by tax officials investigating the financial affairs of several football clubs," according to the PA. St. James' Park and West Ham's ground were raided in April by U.K. tax authority HMRC as part of a "prob ...

Tags: Finance, United Kingdom

10/05/17
Usmanov Not Selling To Kroenke

Arsenal shareholder Alisher Usmanov "released a statement saying he is not about to sell his shares" to majority shareholder Stan Kroenke after he "made a bid to take full control of the club," according to Jack Austin of the London INDEPENDENT. Re ...

Tags: Finance, United Kingdom

10/05/17
Brexit Could Handicap Irish Horseracing

A "threat hangs over Ireland’s important horseracing industry" -- Brexit, which "could shatter vital links" with the U.K., the biggest market for Irish horses and a leading racing center for Irish owners, trainers and jockeys, according to Arthur Beesley of the FINANCIAL TIMES. Ireland&rs ...

Tags: Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug