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Murray Is Unlikely To Renew Sponsorship Deal With Adidas, Industry Sources Say

Published in SportsBusiness Daily Global on 10 / 01 / 14

Sources inside the equipment industry said that Andy Murray's long-standing sponsorship deal with adidas "is unlikely to be renewed at the end of the season," according to Sim Briggs of the London TELEGRAPH. The Scottish player is going "in search of one last big kit deal to cover the final five yea...

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Tags: Marketing and Sponsorship, United Kingdom

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Top Spanish Women To Receive $1.3M

Spain's Superior Sports Council (CSD) informed national women's sports federations that it will allocate €1M ($1.3M) "for the promotion, development and participation in women's sports," according to the EFE. The "announcement of this allocation is expected to be published" in an Official State ...

Tags: Europe, Finance

Bilbao Basket Reduces Debt By $2.6M

Spanish Basketball League (ACB) side Bilbao Basket President Xabier Jon Davalillo said that the club has reduced its debt from €5.6M ($7.4M) to €3.6M ($4.8M) this summer "thanks to rebates agreed upon with creditors, above all with players," according to Alfonso Herrán of AS. Davali ...

Tags: Europe, Finance

UTV Media Profits Rise By 62%

TalkSport owner UTV Media’s pre-tax profits jumped more than 60% in the first half, "thanks to a World Cup ad spend boost and an improving economy," according to Mark Sweney of the London GUARDIAN. UTV Media, "which also owns the ITV franchise for Northern Ireland," reported a rise in pre-tax ...

Tags: Finance, United Kingdom

ManU To Continue Spending Spree

ManU's record-breaking £63.9M ($106M) capture of Angel Di Maria will take its "spending this year" to £170M ($282M), according to David McDonnell of the London DAILY MIRROR. ManU has not "finished yet, with a week left before the close of the transfer window." Di Maria, who will earn &po ...

Tags: Europe, Finance

Manny Pacquiao Wins Tax Reprieve

Boxer Manny Pacquiao "won round one in his battle against the Philippines tax authorities," according to Unus Alladin of the SOUTH CHINA MORNING POST. Pacquiao has been "waging a year-long war with Philippines authorities on charges of tax evasion, even though the 35-year-old Filipino insists his in ...

Tags: Finance, Asia

Tennis Player Accused Of Tax Evasion

Argentina's Federal Court is investigating tennis player Juan Martín del Potro, according to DYN. He is "accused of tax evasion," with it "calculated that he defrauded Argentine authorities" of more than 1M Argentine pesos related to earnings from '10. Judicial sources indicated that "charges ...

Tags: Finance, South America

Local Politician Backing Racing Santander

Cantabria, Spain President Ignacio Diego said that Spanish second division side Racing Santander "has two businesses interested in participating in a capital increase," according to the EP. Diego "indicated that both have signed confidential agreements to review the club's economic and athletic situ ...

Tags: Europe, Finance

NRL Newcastle Slashes Budget By $1.9M

National Rugby League side Newcastle Knights "are in the throes of slashing" as much as A$2M ($1.9M) from "their operating budget for next year following the extravagances of the Nathan Tinkler era," according to Barry Toohey of the Sydney DAILY TELEGRAPH. Newcastle CEO Matt Gidley, however, said th ...

Tags: Finance, Australia

Terry Venables Launching Offshore Fund

Former footballer and England Manager Terry Venables is launching an "offshore fund to foster young overseas talent, kicking off the debate as to whether investors can ever profit from one of the world’s richest sports," according to Emma Dunkley of the FINANCIAL TIMES. Venables -- nicknamed " ...

Tags: Finance, United Kingdom

Most German Clubs Profiting, Study Finds

Nearly two-thirds of Germany's professional football clubs logged a profit in the '13-14 season, a study released Wednesday by auditors Ernst & Young found, according to DEUTSCHE WELLE. Those profits were even described as "high" by every third club, EY said, after "gauging the opinions of 51 cl ...

Tags: Europe, Finance

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