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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...

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Tags: Finance, Europe

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Indian Badminton League To Be Delayed

A busy int'l calendar has forced the Badminton Association of India to postpone the "second edition of the lucrative Indian Badminton League" that is scheduled for September-October, according to the IANS. The BAI is "contemplating to host the IBL early next year since some of the top shuttlers woul ...

Tags: Leagues and Governing Bodies, India

Spanish Tennis Says It Feels Slighted

In Spain, tennis officials are "continuing to demand a patronage law for the sport, which is facing a sponsorship crisis," according to José Félix Díaz of EL CONFIDENCIAL. On Monday, the Real Club de Tenis Barcelona opened the final round of the Barcelona Open. There will also " ...

Tags: Europe, Leagues and Governing Bodies

PCB Mulls Change In Domestic Circuit

The Pakistan Cricket Board "is contemplating a radical change in its domestic cricket structure which would see the abolishment of departmental cricket after nearly five decades in the country," according to Ahad Awan of PAKISTAN TODAY. At the last managing committee meeting held in Lahore this mon ...

Tags: Leagues and Governing Bodies, Asia

League Notes

Plans to find an "isolated venue for the Thomas-Uber Cup Finals squads' centralised camp have been aborted." Instead, the Badminton Association of Malaysia will use the Juara Stadium in Bukit Kiara as its venue when it begins the centralized program from May 4-13 ( THE STAR, 4/21 ). ... Australi ...

Tags: Leagues and Governing Bodies

F1 Planning To Launch Masters Series

F1 CEO Bernie Ecclestone "is planning to launch a masters series for former Formula One drivers following the concept which has been made popular by sports such as golf and tennis," according to Christian Sylt for FORBES. It would see "superstar drivers such as Nigel Mansell and Nelson Piquet return ...

Tags: Leagues and Governing Bodies, Europe

Hulkenberg Rubbishes F1 Driver Strike

Force India F1 driver Nico Hülkenberg "has dismissed speculation that the drivers in F1 might go on strike over unpaid wages," according to CRASH. Hülkenberg "was one of a number of drivers that had problems last season," the others most notably being Kimi Räikkönen and Romain Gr ...

Tags: Leagues and Governing Bodies

ISL To Provide Relief To Oldest Clubs

The Indian Super League, promoted by IMG-Reliance and STAR India , "is set to provide the much needed relief to India's oldest football clubs such as East Bengal and Mohun Bagan among others," according to Digbijay Mishra of the Indian BUSINESS STANDARD. Though various stakeholders of the game ar ...

Tags: Leagues and Governing Bodies, India

BCCI Convenes EWC Meeting On Sunday

Heeding to the demands of some affiliated State units, the Board of Control for Cricket in India "has decided to convene an Emergent Working Committee meeting" in Mumbai on Sunday to take stock of the developments relating to the case before the Supreme Court regarding the Indian Premier League spot ...

Tags: Leagues and Governing Bodies, India

Seven Wants Afternoon Good Friday Game

Good Friday football in '15 would be played in the afternoon if Channel Seven had its way, but the Australian Football League has suggested that "it might be preferable at night," according to Jake Niall of THE AGE. AFL CEO Andrew Demetriou also said there was ''no frontrunner'' for the likely Good ...

Tags: Leagues and Governing Bodies, Australia

Rugby CEO: Champions Cup Worth Wait

The architects of the new European Champions Cup rugby tournament "expect to have all commercial and broadcasting deals nailed down by September at the latest," according to Chris Hewett of the London INDEPENDENT. Only then will those "mourning the passing of the Heineken Cup understand why the uphe ...

Tags: Leagues and Governing Bodies, United Kingdom, Europe

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