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Labour Party Floats Levy On EPL TV Rights To Support Grassroots Football

Published in SportsBusiness Daily Global on 07 / 24 / 14

Britain's Labour Party has accused Premier League clubs of "not contributing enough to grassroots football and suggested that they may be compelled to pay a levy on revenue from television rights," according to Pickard & Blitz of the FINANCIAL TIMES. Shadow Culture Secretary Harriet Harman "is a...

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Tags: Media, United Kingdom

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Real Madrid Delegate Says Debt At $734M

Carlos Mendoza, a Real Madrid delegate banned from speaking at the recent members' assembly, said that the club’s accounts are "not as assured" as Real Madrid President Florentino Perez claims, according to FOOTBALL ESPANA. Mendoza was "reportedly barred from publicly commenting at the recent ...

Tags: Europe, Franchises

Scottish Rangers Cash Trail Traced

There is "an old adage that you don’t make money from investing in football but this ongoing omnishambles at Ibrox bucks that trend quite spectacularly," according to Keith Jackson of the Scotland DAILY RECORD. Lately, Scottish League 1 Rangers "have been a sure thing." When former Rangers Own ...

Tags: Franchises, United Kingdom

Rangers Manager Admits Wage Cut

Scottish League 1 Rangers Manager Ally McCoist claims he agreed to a wage cut because it was "the right thing to do" and not for the benefit of the annual report, according to the BBC. Financial figures published last week "showed an operating loss" of £14.4M ($22M) at Ibrox over a 13-month pe ...

Tags: Franchises, United Kingdom

Barcelona Outlines Statute Reforms

FC Barcelona's new statutes, which will be voted on during a meeting Saturday, "will influence club leaders' responsibility to establish debt limits and close annual accounts without deficits, with failure to do so resulting in dismissal from the board," according to the EFE. This was "explained by ...

Tags: Europe, Franchises

Wanderers' Merchandise Sales Hit $1.7M

A-League club Western Sydney Wanderers knew "they had tapped into a fanatical football market, but even they were surprised by how lucrative their debut season proved to be," according to Carly Adno of the Sydney DAILY TELEGRAPH. The Wanderers had budgeted for A$300,000 ($281,400) in revenue from ...

Tags: Australia, Franchises

Seongnam To Take Over Chunma FC

The citizens of Seongnam, South Korea will become the new owners of K League Classic side Seongnam Ilhwa Chunma as their municipal government announced that it will "take over the southern Gyeonggi-based team that was in danger of being dissolved," according to the JOONGANG DAILY. Chunma was to ...

Tags: Franchises, China

Franchise Notes

Spanish cycling team Euskaltel-Euskadi is "on the verge of disappearing and the team's riders have been instructed to look for new teams." Title sponsor Euskadi Foundation President Miguel Madariaga said, "Only a miracle would prevent the team from disappearing. The possibility of the team moving ...

Tags: Franchises

Moratti To Sell Inter Milan Within Week

Serie A Inter Milan Owner Massimo Moratti said that "the club's sale to Indonesian Erick Thohir may be sealed 'within the week,'" according to the BBC. Moratti hopes Thohir, a part owner of Major League Soccer club D.C. United and NBA Philadelphia 76ers, "will help ease debts of about" £250M ( ...

Tags: Franchises, Europe

Barca Group Withdraws Censure Motion

Barcelona club members " looking to remove President Sandro Rosell from office have announced their intention to back down," according to FOOTBALL ESPANA. Go Barca on Monday announced its intention to "put forward a motion for a vote of no confidence in Rosell" and three of his four VPs -- Josep Ma ...

Tags: Europe, Franchises

Financial Report Causes Rangers Concern

Three major supporters of Scottish League 1 Rangers supporters groups are having their say as Rangers' ''inexplicable'' losses are revealed, with Manager Ally McCoist's "salary under scrutiny," according to Scott McDermott of the Scotland DAILY RECORD. Even with £14M ($22.7M) lost in little mo ...

Tags: Franchises, United Kingdom

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