Featured Story

La Liga Champion Atlético Madrid Cuts Debt By $115M Since Beginning Of The Year

Published in SportsBusiness Daily Global on 09 / 22 / 14

La Liga side Atlético Madrid has been "battling a long-standing debt issue in the midst of their success," according to INSIDE SPANISH FOOTBALL. The club has been running debts of around €200M ($257M) over the last five years, but from Oct.1, "this figure will be settled" to around &euro...

Read More

Tags: Finance, Europe

More Stories

01/23/14
Force India Unveils Photo Of '14 Car

Force India "has become the first Formula One team to reveal its new car for the 2014 season," according to the AFP. Or "at least a partial glimpse," as the team, backed by Vijay Mallya, "released a single photograph of the VJM07 on its official website." The new car, which will be driven by Mexico' ...

Tags: Franchises, Australia

01/23/14
Leeds United Deal Still In Limbo

Sport Capital’s deal to buy League Championship Leeds United "was under pressure" Tuesday night with the consortium and Gulf Finance House "wrangling over completion of the takeover," according to Phil Hay of the YORKSHIRE EVENING POST. A 75% buyout proposed by Sport Capital "appeared to hit t ...

Tags: Franchises, United Kingdom

01/23/14
Heart Of Midlothian Nears New Ownership

The battle to haul Scottish Premiership side Heart of Midlothian "back from the brink looks set to continue for at least another month despite claims" on Tuesday that the "crisis club has already been saved," according to Keith Jackson of the Scotland DAILY RECORD. The Tynecastle outfit was on the " ...

Tags: Franchises, United Kingdom

01/23/14
Judge To Investigate Neymar Deal

Spanish judge Pablo Ruz has "agreed to investigate Neymar’s move to Barcelona " from Brazilian club Santos last summer following a complaint by Barcelona member Jordi Cases over the transfer, according to Dermot Corrigan of ESPN. The court is to "ask FIFA and the Neymar & Neymar (N& ...

Tags: Europe, Franchises

01/22/14
Group Denies Southamption Takeover

China's richest man, Wang Jianlin, chairman of real estate developer Dalian Wanda Group, "reportedly refuted a British media report that he planned to buy" EPL side Southampton for £1.75M ($2.8M), according to the WANT CHINA TIMES. U.K. tabloid the Sunday Mirror said that Wang "has been in n ...

Tags: Franchises

01/22/14
Team NZ Returns To Extreme 40

Team New Zealand "will return to the Extreme 40 circuit this year as they endeavour to keep the sailing team occupied while they await details of the next America's Cup," according to the NEW ZEALAND HERALD. Contested in one-design 40-ft catamarans, the series "features several top sailing teams, in ...

Tags: Franchises, Australia

01/22/14
Rangers Defend Pricey Accomodations

Scottish League 1 Rangers Manager Ally McCoist "has defended his side’s pre-match preparations in the wake of accusations that the club is still living beyond its means," according to the SCOTSMAN. The squad was "booked into the four-star Carnoustie Hotel prior to their match with Forfar at St ...

Tags: Franchises, United Kingdom

01/22/14
AS: Barcelona Mishandled Neymar Case

When Barcelona President Sandro Rosell and the club's board "ignored a certified fax in which club member Jordi Cases asked them to explain" the details of the club's signing of Neymar , "they were certainly guilty of arrogance," according to Santi Giménez of AS. Barcelona could "have met Ca ...

Tags: Europe, Franchises

01/22/14
Franchise Notes:

Liga MX Atlante President Miguel Ángel Couchonnal "warned that after getting a null response from Liga MX, he will now approach FIFA to protest the sale of league rival Atlas to TV Azteca." Couchonnal said "the sale does not seem to him to be 'clean.'" Couchonnal: "This approval of the purc ...

Tags: Franchises, North America

01/21/14
Hamburg SV Members Vote For 'HSVPlus'

Bundesliga club Hamburg SV members "have voted to separate the club's professional football department from the main club at its annual general meeting on Sunday," according to SPIEGEL ONLINE. A total of 79.4% of the members "voted for restructuring the club." However, the decision "is not yet bindi ...

Tags: Franchises, Europe

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug