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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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League Notes

Sri Lanka Cricket Secretary Nishantha Ranatunga said that SLC "would have to double the pay it offers for the post of head coach if it is to attract a high-profile candidate." Talks with higher-profile coaches like Greg Chappell and Tim Nielsen had not been successful, while Australian coach St ...

Tags: Leagues and Governing Bodies

IPL Salary Cap Fixed At $10M

The Indian Premier League "has gone desi," according to Vijay Tagore of the MUMBAI MIRROR. Even foreign players "will have to take their fee in India rupees." The Governing Council "has proposed a salary cap" of Rs 60 crore ($10M) for the IPL 7 auction. It "is almost equivalent of the ...

Tags: Leagues and Governing Bodies, India

South Korea To Develop Sports Industry

The South Korean government on Monday laid out a five-year plan to develop the national sports industry, saying that "it will try to capitalize on the country's advanced technologies to turn the industry into a growth engine for the future," according to Yoo Jee-ho of YONHAP. The Ministry of Culture ...

Tags: Leagues and Governing Bodies, Asia

RLWC Money Used To Grow Grassroots

The Rugby League World Cup, won Sunday by Australia, has made about NZ$6M ($4.9M) for the Rugby League Int'l Federation, according to David Long of FAIRFAX NZ NEWS. It is "the only income stream" for the sport's int'l governing body and Chair Scott Carter said that "they have big plans for it." The ...

Tags: Leagues and Governing Bodies, United Kingdom, Rugby

League Notes

A-League fans "flocked to stadiums in record numbers" to watch the league's opening round this season. However, just seven weeks later, attendance figures "have more than halved." Bolstered by "massive crowds in Sydney, Melbourne and Gosford," some 100,998 people attended the first round in October. ...

Tags: Leagues and Governing Bodies

NRL Faces Backlash Over Data Provider

The National Rugby League is facing a "backlash from clubs following revelations its major sponsor, Telstra, has sold the code's digital rights to a company part-owned" by the Australian Football League, the NRL's "sporting enemy," according to Peter Badel of the COURIER MAIL. In a move "labelled a ...

Tags: Australia, Leagues and Governing Bodies

FIFPro Calls For End To Kafala System

Qatar "has been told by the world players' union FIFPro to abolish the kafala system for footballers and respect international standards for their contracts," according to Brian Homewood of REUTERS. The 2022 World Cup host nation "also heard that it was essential to allow the establishment of a loca ...

Tags: Leagues and Governing Bodies, Europe

Aussies Sack Announcer For Mocking

The Australian cricket board "has sacked a public address announcer whose mocking of England players appeared to include adopting an Indian accent when introducing Monty Panesar," according to Simon Wilde of the SUNDAY TIMES. David Nixon "was relieved of his duties" after lunch on the second and fin ...

Tags: Leagues and Governing Bodies, Australia, United Kingdom

Spanish Handballers Discuss Obstacles

Practices for "Spain's women's national handball team have become an intensive class on European culture," according to Javier Lafuente of EL PAIS. The team's Bronze Medal at the 2012 London Olympics "brought about an exodus of top players from the Spanish handball league." Only "four of the 16 memb ...

Tags: Europe, Leagues and Governing Bodies

Saracens' Boss Calls For Heineken Boycott

Premiership rugby club Saracens Chair Nigel Wray insisted on Friday night that "there could be no genuine European competition without the English clubs and urged his fellow Premiership chairmen to back the boycott of next year’s Heineken Cup," according to Mick Cleary of the London TELEGRAPH. ...

Tags: Leagues and Governing Bodies, United Kingdom

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