CL Title Won't Impact Dortmund Shares Xerex Relying On Spanish Tax Agency Deportivo Cuts Costs To Appease Judge SAFA Owes Second Division $500K Finance Notes Business Rates Are Lord's Next Big Test Nottingham In Talks With New Backers F1 IPO On Track Despite Legal Issues 'Fergie Factor' Worth $1.5B Seven F1 Teams Can't Afford New Engines
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Borussia Dortmund Shares Unlikely To Profit From Potential Champions League Victory05 / 23 / 13The publicly traded shares of Champions League finalist Borussia Dortmund on the Frankfurt Stock Exchange are unlikely to gain a lasting boost from a potential victory in Saturday’s final. Deloitte Sport Business Group Expert Jan Kremer told SBD Global, "Short-term success, even if ... |
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Decathlon Steps Up Presence In China
Shanghai's First Financial Daily reported that French firm Decathlon Group, one of Europe's biggest sporting goods chains, "plans to increase its market share and accelerate its expansion in mainland China," according to the WANT CHINA TIMES. The company's planned expansion "will add to the current ...
Constantin To Issue Corporate Bonds
Germany-based media company Constantin Medien , the owner of sports network Sport1 , revealed that "it will issue corporate bonds," according to Alexander Krei of DWDL . The company "wants to use the bonds to refinance existing liabilities, improve its profit siutation and continue to diver ...
Tinkler To Sell Thoroughbred Farm
Australian billionaire Nathan Tinkler, under pressure from creditors, "is selling his Patinack Farm thoroughbred breeding and racing business as he seeks to repay debt," according to Soraya Permatasari of BLOOMBERG. The sale, including more than 1,000 racehorses, stallions and broodmares "will be co ...
Former Reebok CFO Accused Of Fraud
The Institute of Chartered Accountants of India Tuesday said that "strict action could be taken" against former Reebok India CFO Vishnu Bhagat "if he failed to respond to the show-cause notice regarding the alleged fraud at the sportswear maker," according to the PTI. The ICAI "had issued the show-c ...
Murray Beefs Up Business Team
Andy Murray has taken on two business advisors as he tries to "enhance the portfolio of interests that has struggled to keep pace with the grand-slam tournament champions whose company he shares," according to Neil Harman of the LONDON TIMES. Indian doubles specialist and entrepreneur Mahesh Bhupath ...
Tags: Finance, United Kingdom
FA's Finances Tied To England World Cup
The FA stands to miss out on as much as £26M ($39.5M) in income if England fails to qualify for next year’s World Cup, according to Simon Hart of the London TELEGRAPH. Additionally, the FA "could also be left in a seriously weakened position" when it comes to negotiating new sponsorship ...
Tags: Finance, United Kingdom
Leeds United Owners Sell 10% Stake
The Bahrain-based owners of League Championship club Leeds United "have announced the sale of a 10% stake in the club" to another Bahraini investment fund, the Int'l Investment Bank, according to David Conn of the London GUARDIAN. The sale follows the revelation that "there are contradictory intenti ...
Tags: Finance, United Kingdom
Arsenal's Finances Sound, Titles Few
EPL Arsenal's billionaire majority shareholder Stan Kroenke "is one of a new generation of foreign owners who have bought into the game in Britain, but while some of them have spent with abandon to get results on the field, Kroenke expects the club to stay true to sound financial principles," accord ...
Tags: Finance, United Kingdom
Int'l Brands Squeezing China Market
Int'l sport brands "continue to make gains in China despite a shrinking market," with Nike posting profits in its third quarter financial report, according to WANT CHINA TIMES. Adidas "also reported a 15% jump in its China sales last year." Chinese Key Solution Sports Consulting Founder Zhang Qing s ...
Tags: Finance, China, North America
Newcastle Announces Profit, Wage Rise
Premier League Newcastle United "recorded a profit for the second successive year, despite the club's wage bill rising" 20% to £64.1M ($92.9M), according to the PA. In the financial figures for the year ending June '12, Newcastle "made a profit after player amortisation" of £1.4M -- sign ...
Tags: Finance, United Kingdom
