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Volume 7 No. 82

Finance

The Argentine FA on Thursday announced its financial numbers from the second half of '16 and the first half of '17, including a surplus of 99.8M Argentine pesos ($5.7M), according to CLARÍN. The AFA was able to "erase a deficit" that stood at more than 200M Argentine pesos after the '15-16 financial year. This year marked the first time the AFA finished with a profit since '14-15. One "key factor" was revenue from TV rights for the Superliga (CLARÍN, 10/18).

MTG achieved its "fifth consecutive quarter of growth," according to Julian Clover of BROADBAND TV NEWS. The entertainment company is "seeing increased revenues" from new markets such as esports and the "more traditional linear broadcasting." MTG President & CEO Jørgen Madsen Lindemann said, "Nordic Entertainment generated 3% organic growth against tough comparisons, as we had exclusive coverage of the Rio Olympics and the Ice Hockey World Cup last year in Sweden, but we continued to benefit from higher advertising and subscription prices with further usage and revenue expansion for both Viaplay and Viafree." Esports grew by 49% within the MTGx business, but losses increased as the company "looks to expand its presence in the market." MTG increased net sales from 3.7B-4.3B Swedish krona ($454.6M-$528.4M), representing organic growth of 7% (BROADBAND TV NEWS, 10/19).

A year that featured rugby sevens' debut at the Rio 2016 Games was reflected in World Rugby's audited report with sponsorship and broadcast contracts completing ahead of schedule and with an uplift in value. While the overall financial target for the 2019 Rugby World Cup cycle is anticipated to be approximately 20% below the '15 cycle, partially due to time-zone and scale of the Japan event, commercial values for worldwide partnerships have increased. Investment continues to be in line with targets and an overall program of £266M ($349.8M) is anticipated to be invested from '16-19, eclipsing the record for the previous four-year cycle by 38%. A record £69M ($90.7M) is being invested during '17 to support strategic development and performance programs, including support of tier two unions on the road to the 2019 Rugby World Cup. The loss for the year before the Int'l Financial Reporting Standards adjustment was £19.3M ($25.3M), substantially better than expectations, due primarily to the contracting of commercial revenues earlier than expected in the four-year business cycle (World Rugby).