Sport Events and Finance

We hope that these news stories on sports event finance are of interest and use to you. Remember to check back regularly for up-to-the-minute updates on the latest developments in the sports event finance arena. If you can’t find the story you’re looking for here, simply click on another category on the left or search sportbusiness.com.

Super Aguri pull out of Formula One - 6 May 08

The Super Aguri team withdrew from the Formula One World Championship with immediate effect because of a lack of funding.

PSG share sale approved by EC - 22 Apr 08

The European Commission has approved US-based private equity group Colony Capital’s proposed acquisition of a stake of around 30 per cent in Colfilm, the holding company of French football club Paris Saint-Germain.

ARU looks for private investment - 17 Apr 08

The Australian Rugby Union is to consider private investment in its Super 14 franchises, the sport’s governing body has said.

Tokyo’s bid to host 2016 Games boosted by strong S& P rating - 1 Apr 08

Japan's Bid to host the 2016 Olympic Games, received a boost as Standard & Poor's Ratings Services assigned its 'AA' long-term issuer credit rating to the Tokyo Metropolitan Government, confirming the financial and economic stability of the city of Tokyo.

AC Milan, Chelsea, Real Madrid and Lyon to discuss club revenue at Soccerex - 18 Mar 08

Four of the most successful clubs in Europe will convene at the Soccerex London Forum to outline how their revenue strategies differ and what the landscape is for the future.

F1 Grands Prix are the world’s most valuable annual sporting events - 17 Mar 08

Formula One boasts the world’s highest revenue generating annual sporting events, with the 18 Grands Prix in 2007 having an average revenue of $217 million, according to research from the Sports Business Group at Deloitte.

2010 Olympics announce Q2 budget results - 17 Mar 08

The Vancouver 2010 Olympic Organising Committee said it has agreed sponsorship agreements worth about $709 million, more than 90 per cent of its overall target of $760 million.

DIC £400m bid for Liverpool rejected - 5 Mar 08

Dubai International Capital (DIC), the investment arm of the Dubai government, has warned Liverpool FC's co-owner Tom Hicks that it will not improve on its £400 million offer for the club.