http://www.sportbusiness.com/sector/finance/feed Sportbusiness News http://www.sportbusiness.com/news/167537/highest-paid-female-athletes-play-tennis-or-golf The pay-gap between top female athletes and their male counterparts is narrowing, but levels of inequality continue to exist between sports, according to new research. Marketing Finance Golf Tennis Wed, 23 Jul 2008 10:33:48 +0100 mglendinning 167537 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167467/tiger-on-1-billion-target Forbes magazine suggests that Tiger Woods is on target to become the first person to accumulate $1 billion through sporting prowess alone. Media Finance Golf Sponsorship Fri, 11 Jul 2008 10:48:37 +0100 msherlock 167467 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167445/super-aguri-to-be-sold-through-web-auction The assets of the failed Formula One team, Super Aguri, will be sold in an online auction later this month. Marketing Finance Motor Racing Tue, 8 Jul 2008 10:25:12 +0100 msherlock 167445 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167404/london-2012-organisers-deny-500m-media-centre-finance-problems The Olympic Delivery Authority, the UK public body responsible for London 2012 Olympics venues, infrastructure and legacy, has denied media reports of problems financing a $500 million media centre. Events United Kingdom Finance Summer Olympics Tue, 1 Jul 2008 10:53:07 +0100 mglendinning 167404 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167398/euro-2008-final-to-generate-300-million A study conducted by EURO 2008 sponsor MasterCard into the financial effects of Euro 2008 has said the economic impact of Sunday's final could be worth €300 million. Events Austria Switzerland Event Management Finance Football Soccer Sponsorship TV Rights Mon, 30 Jun 2008 10:15:45 +0100 msherlock 167398 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167393/india-tour-revenue-pays-off-sri-lanka-cricket-debt India’s forthcoming Test and one-day tour of Sri Lanka has enabled the Sri Lankan cricket board to pay off a $6 million debt. Events India Sri Lanka Broadcast Cricket Finance Mon, 30 Jun 2008 10:09:57 +0100 msherlock 167393 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167371/government-to-plug-100m-hole-in-funding-for-british-olympic-athletes The British Government has given UK Sport, the agency with responsibility for funding elite sports training programmes in Britain, private assurances that the government will fill a £100 million gap in its funding. Events United Kingdom Finance Summer Olympics Thu, 26 Jun 2008 10:48:27 +0100 mglendinning 167371 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167361/champions-league-boosts-british-clubs-revenues British clubs made up 26 per cent of the £462 million total Champions League television and sponsorship revenues from the 2007-08 season. Events United Kingdom Finance Football Soccer Tue, 24 Jun 2008 09:36:20 +0100 msherlock 167361 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167025/mbo-at-limelight-sports The senior team at Limelight Sports have led a Management Buy Out (MBO) of the UK's leading grassroots sports and physical activity participation agency. Events United Kingdom Agencies Finance Fri, 20 Jun 2008 09:46:03 +0100 msherlock 167025 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167004/nordic-canal-plus-pay-tv-channels-sold-to-swedish-tv4 German television group ProSiebenSat.1 sold its Nordic pay-television business C More, which includes the Canal Plus Sports channels, to Swedish commercial broadcaster TV4 for around €320 million. Media Broadcast Finance Tue, 17 Jun 2008 11:03:32 +0100 msherlock 167004 at http://www.sportbusiness.com http://www.sportbusiness.com/news/167002/nbc-acquires-majority-stake-in-wcsn NBC Universal has acquired a majority stake in Los Angeles-based online and cable sports network, World Championship Sports Network (WCSN). Media United States Broadcast Finance Tue, 17 Jun 2008 10:47:02 +0100 msherlock 167002 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166985/f1-generates-more-money-per-event-than-any-other-sport Formula One Grand Prixs generate more revenue per event than any other sport in the world, according to research carried out by Formula Money, the organisation which monitors the financial health of F1 motor racing and the Deloitte Sport Business Group. Events Finance Motor Racing Fri, 13 Jun 2008 09:47:10 +0100 msherlock 166985 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166982/football-fans-could-lose-up-to-24-million-cash-in-austria-and-switzerland Football fans across Europe travelling to Austria and Switzerland for UEFA EURO 2008™ could lose up to £24,000,000 in cash during the tournament, according to new research by Maestro® , the debit brand of MasterCard Worldwide, Official Sponsor of UEFA EURO 2008™. Events Austria Switzerland Finance Football Soccer Fri, 13 Jun 2008 09:43:40 +0100 msherlock 166982 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166977/espn-riding-high-according-to-george-bodenheimer ESPN President George Bodenheimer said "the entire pie to sports consumption is growing ... and ESPN is continuing to ride that wave." Media United States Broadcast Finance TV Rights Thu, 12 Jun 2008 11:01:59 +0100 msherlock 166977 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166974/sbs-set-for-record-revenue-from-sports-programming Australian public-service broadcaster, SBS, is expecting to generate record revenues from its sports programming outside FIFA World Cup years, with advertising revenue from its coverage of the Olympics, Tour de France and Euro 2008 likely to reach $12 million. Media Australia Broadcast Cycling Finance Football Soccer Sponsorship Thu, 12 Jun 2008 10:45:54 +0100 msherlock 166974 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166967/former-newcastle-united-chairman-bids-for-real-mallorca Former Newcastle United chairman Freddy Shepherd has bid £40 million for Spanish Primera Liga club Real Deportivo Mallorca according to UK press reports. Marketing Spain Finance Football Soccer Wed, 11 Jun 2008 11:24:28 +0100 msherlock 166967 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166952/euro-2008-set-for-record-revenue The 2008 European Championship will generate a record income of around €1.3 billion, according to European football’s governing body, Uefa. Events Austria Switzerland Finance Football Soccer Sponsorship TV Rights Mon, 9 Jun 2008 10:45:33 +0100 msherlock 166952 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166883/record-revenues-fuel-premier-league-clubs-on-pitch-success Premier League clubs now generate more revenue than any other league across each of the three primary revenue categories; matchday, broadcast and commercial, according to Deloitte’s latest Annual Review of Football Finance. Marketing United Kingdom Finance Football Soccer Thu, 29 May 2008 09:41:06 +0100 msherlock 166883 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166787/wembley-bid-to-host-2011-champions-league-final-on The UK's Wembley stadium could be a strong contender to host the 2011 Champions League final after the UK government agreed to relax tax charges on overseas footballers' earnings. Events United Kingdom Event Management Finance Football Soccer Tue, 13 May 2008 10:34:51 +0100 msherlock 166787 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166786/irb-announces-48m-investment-scheme The International Rugby Board has announced a £48 million investment programme aimed at raising standards of the sport's developing nations. Marketing Federations Finance Rugby Tue, 13 May 2008 10:29:55 +0100 msherlock 166786 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166785/juventus-announces-third-quarter-results Italian Serie A club, Juventus, announced a net loss of €800,000 in its third-quarter, significantly less than the €4.5 million loss it reported a year earlier. Marketing Italy Finance Football Soccer Tue, 13 May 2008 10:28:28 +0100 msherlock 166785 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166769/ioc-set-to-receive-2-5bn-from-broadcasters The International Olympic Committee will receive $2.5 billion from broadcasters between 2005 and 2008, according to an analysis by the Reuters news agency. Media Switzerland Finance Summer Olympics Fri, 9 May 2008 09:45:17 +0100 mglendinning 166769 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166743/super-aguri-pull-out-of-formula-one The Super Aguri team withdrew from the Formula One World Championship with immediate effect because of a lack of funding. Events Japan Finance Motor Racing Tue, 6 May 2008 10:50:53 +0100 msherlock 166743 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166736/manchester-united-tops-forbes-rich-list Manchester United is the most valuable football club in the world, according to Forbes magazine's latest rankings. Marketing Finance Football Soccer Fri, 2 May 2008 10:38:23 +0100 msherlock 166736 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166735/premier-league-promotion-worth-60m Promotion to England's football Premier League is worth at least £60 million and is the biggest financial boost a football club can receive, according to analysts at global accountancy firm, Deloitte. Marketing United Kingdom Finance Football Soccer Fri, 2 May 2008 10:30:27 +0100 msherlock 166735 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166667/psg-share-sale-approved-by-ec 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. Events France Finance Football Soccer Tue, 22 Apr 2008 11:05:40 +0100 mglendinning 166667 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166650/uk-based-japanese-f1-team-in-financial-trouble The survival of the Super Aguri Formula One team is reported to be in doubt after mooted buyers the Magma Group pulled out at the last minute. Marketing Japan United Kingdom Finance Motor Racing Fri, 18 Apr 2008 12:26:31 +0100 msherlock 166650 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166634/aru-looks-for-private-investment The Australian Rugby Union is to consider private investment in its Super 14 franchises, the sport’s governing body has said. Events Australia Finance Rugby Thu, 17 Apr 2008 09:50:12 +0100 mglendinning 166634 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166588/birmingham-city-shares-suspended English football club, Birmingham City, has had its shares temporarily suspended after the club’s co-owners were arrested by police. Marketing United Kingdom Finance Football Soccer Thu, 10 Apr 2008 10:11:19 +0100 msherlock 166588 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166571/setanta-calls-off-sale Irish pay-television broadcaster, Setanta Sports, abandoned plans to sell itself after potential buyers balked at the £1 billion asking price. Media United Kingdom Broadcast Finance TV Rights Mon, 7 Apr 2008 10:45:15 +0100 msherlock 166571 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166539/news-corp-set-to-increase-stake-in-premiere Rupert Murdoch's News Corp is expected to increase its 19.9 per cent stake in German pay-television group Premiere. Media Germany Broadcast Finance TV Rights Tue, 1 Apr 2008 10:27:41 +0100 msherlock 166539 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166534/tokyo-s-bid-to-host-2016-games-boosted-by-strong-s-p-rating 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. Events Japan Finance Summer Olympics Tue, 1 Apr 2008 09:33:07 +0100 msherlock 166534 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166452/ac-milan-chelsea-real-madrid-and-lyon-to-discuss-club-revenue-at-soccerex 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. Events United Kingdom Finance Football Soccer Tue, 18 Mar 2008 09:40:47 +0000 msherlock 166452 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166445/f1-grands-prix-are-the-world-s-most-valuable-annual-sporting-events 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. Events Event Management Finance Motor Racing Mon, 17 Mar 2008 10:36:09 +0000 msherlock 166445 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166443/2010-olympics-announce-q2-budget-results 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. Events Canada Event Management Finance Winter Olympics Mon, 17 Mar 2008 10:20:46 +0000 msherlock 166443 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166340/hicks-ends-talks-with-dic-for-liverpool-fc Liverpool FC co-owner, Tom Hicks, ended negotiations with Dubai International Capital over acquiring a 49 per cent stake in the club. Marketing United Kingdom Finance Motor Racing Tue, 11 Mar 2008 10:27:08 +0000 msherlock 166340 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166306/dic-400m-bid-for-liverpool-rejected 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.   Events United Kingdom Finance Football Soccer Wed, 5 Mar 2008 10:41:48 +0000 mglendinning 166306 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166291/renault-reveals-pre-tax-loss Renault's Formula One motor racing team made a pre-tax loss of £3.6 million in 2006 despite winning back-to-back world championships. Events Finance Motor Racing Mon, 3 Mar 2008 10:01:14 +0000 msherlock 166291 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166287/hicks-to-block-liverpool-takeover Liverpool FC co-owner Tom Hicks said he intends to retain control of the club and may block any attempt by George Gillette to sell to Dubai International Capital, the investment arm of the Dubai government. Marketing United Kingdom Finance Football Soccer Fri, 29 Feb 2008 10:33:20 +0000 msherlock 166287 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166264/confusion-reigns-over-possible-liverpool-sale Contradictory media reports have created confusion over Liverpool FC co-owner Tom Hicks' plans for his stake in the club. Marketing United Kingdom Finance Football Soccer Wed, 27 Feb 2008 10:32:29 +0000 msherlock 166264 at http://www.sportbusiness.com http://www.sportbusiness.com/news/166255/hsbc-becomes-official-partner-of-the-pra HSBC agreed a deal become the Official Banking Partner of the Professional Rugby Players’ Association (PRA), the representative body and collective voice of professional rugby union players in England. Marketing United Kingdom Finance Rugby Sponsorship Tue, 26 Feb 2008 09:39:38 +0000 msherlock 166255 at http://www.sportbusiness.com http://www.sportbusiness.com/news/164271/silverstone-out-of-the-red Silverstone revealed it made a £1.3million profit during the 18-month period up until the end of 2006. Events United Kingdom Finance Motor Racing Mon, 25 Feb 2008 09:54:18 +0000 msherlock 164271 at http://www.sportbusiness.com http://www.sportbusiness.com/news/164262/arsenal-and-chelsea-announce-half-year-results English Premier League leaders, Arsenal posted a 54 per cent rise in first half profits on Friday while rival Premier League club Chelsea posted an annual loss of £74.8million. Marketing United Kingdom Finance Football Soccer Fri, 22 Feb 2008 09:38:39 +0000 msherlock 164262 at http://www.sportbusiness.com http://www.sportbusiness.com/news/164260/news-corp-increases-stake-in-premiere Rupert Murdoch's News Corporation has increased its stake in German pay-television operator Premiere to 19.9 per cent, adding to the 14.6 per cent it acquired last month. Media Germany Broadcast Finance Fri, 22 Feb 2008 09:30:59 +0000 msherlock 164260 at http://www.sportbusiness.com http://www.sportbusiness.com/news/164238/sony-to-be-taken-to-court-over-ipl-demands Four minority domestic investors in Sony Entertainment India, have taken the company to court over demands on them for capital to finance SET's commitments to the upcoming Indian Premier League tournament. Media India Broadcast Cricket Finance TV Rights Wed, 20 Feb 2008 10:10:19 +0000 msherlock 164238 at http://www.sportbusiness.com http://www.sportbusiness.com/news/164233/f1-eastern-expansion-set-to-continue-apace Formula One looks set to continue to target new events in new markets, particularly in the Middle and Far East, following reports that its advertising and hospitality division took a hit over the last twelve months. Events Event Management Finance Motor Racing Tue, 19 Feb 2008 10:34:47 +0000 msherlock 164233 at http://www.sportbusiness.com http://www.sportbusiness.com/news/164224/bt-considering-bid-for-setanta According to UK press reports, BT is considering making an offer for Setanta, the Irish pay-television company that owns rights to show some live Premier League football. Media United Kingdom Broadcast Finance TV Rights Mon, 18 Feb 2008 10:29:59 +0000 msherlock 164224 at http://www.sportbusiness.com http://www.sportbusiness.com/news/164207/football-money-league-manchester-united-rise-but-real-madrid-stay-top Manchester United climbed two places to second in the latest Football Money League from business advisory firm Deloitte, which ranks the 20 biggest football clubs in the world based on revenue, but Real Madrid remains the world’s largest revenue generating club, completing a hat-trick of first place finishes. Marketing France Germany Italy Spain United Kingdom Finance Football Soccer Thu, 14 Feb 2008 10:33:19 +0000 msherlock 164207 at http://www.sportbusiness.com http://www.sportbusiness.com/news/164168/takeover-rumours-surround-setanta-sports Setanta Sports is bracing itself for a succession of takeover bids after an undisclosed European rival reportedly made an unsolicited bid of over €1 billion for the Irish pay-television broadcaster. Media Ireland United Kingdom Broadcast Finance TV Rights Mon, 11 Feb 2008 10:21:37 +0000 msherlock 164168 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163995/hd-partners-lose-nhra-bid HD Partners Acquisition Corporation has failed to acquire the world's largest drag racing organisation, the National Hot Rod Association (NHRA).   Events United States Finance Motor Racing Fri, 1 Feb 2008 11:19:03 +0000 mglendinning 163995 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163946/group-proposes-liverpool-fc-fans-buy-out Liverpool supporters are to launch an ambitious plan to buy the football club from its American owners, George Gillett and Tom Hicks. The ‘Share Liverpool FC’ Group will present a plan to organise the buy-out by 100,000 fans later today. Marketing United Kingdom Finance Football Soccer Thu, 31 Jan 2008 10:00:44 +0000 msherlock 163946 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163770/hicks-and-gillett-close-to-financing-deal The American owners of Liverpool FC are reportedly close to securing a £350m financing deal that should end takeover speculation about the club. Events United Kingdom Finance Football Soccer Fri, 25 Jan 2008 09:35:40 +0000 mglendinning 163770 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163769/record-year-for-international-speedway-corp NASCAR track operators, International Speedway Corporation, have reported record financial results for the twelve months to November 30, 2007. Events United States Finance Motorcycling Fri, 25 Jan 2008 09:33:33 +0000 mglendinning 163769 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163522/transfer-record-smashed-by-premier-league-clubs English Premier League clubs have spent a record amount of January transfer deals this year. Events United Kingdom Finance Football Soccer Tue, 22 Jan 2008 09:45:43 +0000 msherlock 163522 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163515/hicks-denies-liverpool-sale-to-dubai-group Tom Hicks, the American co-investor in Liverpool FC, has denied that he is willing to sell his 50 per cent stake in the club to Dubai International Capital (DIC). Events United Kingdom Finance Football Soccer Mon, 21 Jan 2008 10:18:58 +0000 mglendinning 163515 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163486/formula-one-team-budgets-to-be-capped Formula One teams’ individual operating budgets will be capped from the start of the 2009 season. Marketing Administration Finance Motor Racing Fri, 18 Jan 2008 10:06:39 +0000 msherlock 163486 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163326/g14-group-to-disband-after-fifa-uefa-agree-compensation-deal Football's World and European governing bodies signed a groundbreaking deal with Europe's top clubs, which will see national associations paying clubs a daily rate of compensation in return for their players participation in international competitions. Events Finance Football Soccer Wed, 16 Jan 2008 10:00:21 +0000 msherlock 163326 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163232/united-success-underpins-record-financial-results Manchester United’s Premier League winning season has underpinned record turnover and profits for the Old Trafford club. Marketing United Kingdom Finance Football Soccer Fri, 11 Jan 2008 10:32:54 +0000 mglendinning 163232 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163189/murdochs-gains-german-tv-hold-with-premiere-swoop Rupert Murdoch's News Corporation acquired a 14.58 per cent stake in German Pay-TV broadcaster Premiere AG, making it the company's biggest single shareholder. Media Germany Broadcast Finance Football Soccer TV Rights Tue, 8 Jan 2008 10:46:55 +0000 msherlock 163189 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163188/manchester-united-reassert-financial-dominance Manchester United is set to announce a record gross turnover of £245 million for the year to June 30, 2007. Marketing United Kingdom Finance Football Soccer TV Rights Tue, 8 Jan 2008 10:24:16 +0000 msherlock 163188 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163171/english-rugby-union-set-for-salary-cap-increase The salary cap for England's top rugby union sides will be increased to £4 million from next season. Events United Kingdom Finance Rugby Fri, 4 Jan 2008 10:14:11 +0000 msherlock 163171 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163164/argentina-could-reinvigorate-super-14-and-tri-nations-competitions The Australian Rugby Union said that Southern Hemisphere rugby’s flagship competitions, the Super 14 and Tri-Nations, could be reinvigorated in quality and financially by the introduction of Argentina. Events Argentina Australia Administration Broadcast Finance Rugby TV Rights Thu, 3 Jan 2008 10:07:39 +0000 msherlock 163164 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163165/prisa-bids-for-control-of-sogecable Spain’s biggest media company Prisa deposited a $3 billion guarantee with Madrid's stock market regulator underwriting a bid to increase its share in Sogecable, Spain's biggest pay-TV operator, by 50 per cent. Media Spain Broadcast Finance Thu, 3 Jan 2008 10:00:13 +0000 msherlock 163165 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163159/manchester-united-profits-to-hit-75-million English Premier League club Manchester United is set to announce record profits of around £75 million. Marketing United Kingdom Finance Football Soccer Thu, 20 Dec 2007 11:44:07 +0000 msherlock 163159 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163136/liverpool-to-downgrade-stadium-plans English Premier League club Liverpool said that plans for its new stadium in Stanley Park will be downgraded. Marketing United Kingdom Finance Football Soccer Stadia & Facilities Tue, 18 Dec 2007 10:16:38 +0000 msherlock 163136 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163132/mastercard-appoint-collina-as-new-brand-ambassador Pierluigi Collina, the highly regarded Italian former referee, was appointed as MasterCard's new Football Ambassador. Marketing Finance Football Soccer Tue, 18 Dec 2007 09:41:03 +0000 msherlock 163132 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163091/red-sox-owners-buy-the-avalanche Fenway Sports Group, the marketing and entertainment arm of the company that owns the MLB’s Boston Red Sox, acquired the Salem Avalanche, a Class A team that's part of the Carolina League. Marketing United States Baseball Finance Tue, 11 Dec 2007 11:20:10 +0000 msherlock 163091 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163084/cost-of-london-2012-could-rise-again There is a 20 per cent chance that the cost of staging the 2012 Olympic Games could rise again, according to a UK government report. Events United Kingdom Finance Summer Olympics Mon, 10 Dec 2007 10:25:56 +0000 msherlock 163084 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163072/premiere-takeover-rumours-persist Speculation continues that German media entrepreneur Leo Kirch or another competitor might be interested in taking over German pay-TV company Premiere. Media Germany Broadcast Finance TV Rights Fri, 7 Dec 2007 09:56:51 +0000 msherlock 163072 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163051/uk-government-to-reveal-london-2012-budget-plans The UK government will next week release new details of how the £9.3 billion London 2012 budget is being spent. Events United Kingdom Finance Summer Olympics Wed, 5 Dec 2007 10:29:09 +0000 msherlock 163051 at http://www.sportbusiness.com http://www.sportbusiness.com/news/163041/european-economy-to-receive-1-4-billion-boost-from-uefa-euro-2008 According to a MasterCard commissioned study UEFA’s EURO 2008™ will generate upwards of €1.4 billion for the European economy Events Europe Finance Football Soccer Mon, 3 Dec 2007 10:49:06 +0000 msherlock 163041 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162997/setanta-raises-financial-war-chest Setanta Sports has raised an extra €130 million according to UK media reports to finance its rights acquisitions. Media United Kingdom Broadcast Finance Football Soccer Golf TV Rights Mon, 26 Nov 2007 09:27:08 +0000 msherlock 162997 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162991/uk-sports-retailers-issue-profit-warnings England’s failure to qualify for Euro 2008 has immediately impacted on sports retailers with two major companies issuing profit warnings. Marketing United Kingdom Finance Football Soccer Fri, 23 Nov 2007 10:44:35 +0000 mglendinning 162991 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162988/yeung-bid-for-birmingham-in-the-balance Asian investor Carson Yeung’s bid to take control of Premier League Birmingham city could be derailed by current chairman David Gold, according to a UK press report. Events United Kingdom Finance Football Soccer Fri, 23 Nov 2007 10:34:58 +0000 mglendinning 162988 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162968/english-defeat-could-add-up-to-1bn-loss According to UK media reports, the consequences of an England failure against Croatia at Wembley tonight in the UEFA European qualifiers could be worth £1 billion. Events United Kingdom Events Federations Finance Football Soccer Wed, 21 Nov 2007 09:51:52 +0000 msherlock 162968 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162950/walt-disney-reportedly-in-derby-county-talks Walt Disney Group is said to be in talks to take over English Premier League club Derby County. Marketing United Kingdom United States Finance Football Soccer Fri, 16 Nov 2007 10:09:59 +0000 msherlock 162950 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162913/ashley-cashes-in-on-amer-stocks Mike Ashley, the owner of Premier League Newcastle United, has sold the 12 per cent stake in Finnish sports company Amer Sports held by his Sports Direct sports retail chain. Marketing United Kingdom Finance Football Soccer Mon, 12 Nov 2007 10:05:56 +0000 mglendinning 162913 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162891/premiere-scraps-2008-outlook-over-bundesliga-tv-rights German pay TV broadcaster Premiere scrapped its 2008 outlook over uncertainty over the forthcoming TV rights sales process for German football’s Bundesliga – the German pay-TV market’s killer-application. Media Germany Broadcast Finance Football Soccer TV Rights Thu, 8 Nov 2007 09:11:39 +0000 msherlock 162891 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162866/shakhtar-wait-on-fifa-for-25-million-compensation-claim Shakhtar Donetsk will today hear FIFA’s ruling on its claim for €25 million compensation from Spanish club Real Zaragoza after Shakhtar’s star player, Brazilian midfielder Francelino Matuzalem, walked out on the club to join the Spanish team. Events Spain Ukraine Federations Finance Football Soccer Fri, 2 Nov 2007 10:58:52 +0000 msherlock 162866 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162834/isle-of-man-tt-earns-48m-for-local-economy The economic impact of the year’s Centenary Isle of Man TT races to the Isle of Man economy was £48 million, according to the island’s Tourism and Leisure department. Events United Kingdom Finance Motorcycling Tue, 30 Oct 2007 09:57:14 +0000 mglendinning 162834 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162833/mlb-posts-record-revenues Major League Baseball will finish this year with just over $6 billion in revenue, according to Bob DuPuy, MLB's president and chief operating officer. Events United States Baseball Finance Tue, 30 Oct 2007 09:51:20 +0000 mglendinning 162833 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162801/nike-strikes-umbro-takeover-deal Nike has reached agreement on an all-cash offer to acquire Umbro plc, the UK-based global football brand. Marketing United Kingdom Finance Football Soccer Wed, 24 Oct 2007 10:34:57 +0100 mglendinning 162801 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162691/north-one-deal-for-world-rally North One Television acquired International Sportsworld Communicators (ISC) - the media and commercial rights holders of the FIA World Rally Championship. Events United Kingdom Finance Motor Racing Fri, 5 Oct 2007 09:54:50 +0100 msherlock 162691 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162662/intermedia-partners-invests-in-wcsn World Championship Sports Network (WCSN) closed significant financing deal with private equity firm InterMedia Partners. Media United States Broadcast Finance Internet Tue, 2 Oct 2007 10:07:42 +0100 msherlock 162662 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162658/no-arsenal-takeover-from-usmanov-says-edelman Arsenal managing director Keith Edelman has told news sources that Alisher Usmanov, the Russian billionaire who recently increased his stake to 23 per cent, does not want to take over the club. Events United Kingdom Finance Football Soccer Mon, 1 Oct 2007 10:25:32 +0100 mglendinning 162658 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162632/new-funding-round-for-superleague-formula Superleague Formula, the motor racing championship featuring football club brands, has announced a new round of financing. Events Spain Finance Motor Racing Thu, 27 Sep 2007 10:17:06 +0100 mglendinning 162632 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162621/arsenal-turnover-hits-200-million Arsenal Football Club said that turnover has broken the £200 million barrier after the move to the Emirates Stadium. Events United Kingdom Events Finance Football Soccer Ticketing Tue, 25 Sep 2007 09:19:39 +0100 msherlock 162621 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162591/america-s-cup-surplus-of-66-5-million-distributed-to-teams AC Management (ACM), organiser of the 32nd America's Cup, distributed 90 per cent of the €66.5 million net surplus the event generated over the past four years to participating teams. Events Spain Event Management Finance Sailing Sponsorship TV Rights Wed, 19 Sep 2007 10:47:14 +0100 msherlock 162591 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162544/arsenal-is-not-up-for-sale Arsenal Chairman Peter Hill-Wood is willing to talk to new stakeholder Alisher Usmanov, but not about selling the club, according to UK media reports. Events United Kingdom Finance Football Soccer Tue, 11 Sep 2007 09:49:17 +0100 msherlock 162544 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162535/hicks-sizes-up-nascar-investment Tom Hicks, the co-owner of Liverpool FC, has held talks with a major NASCAR racing team about a possible investment in the sport. Events United States Finance Motor Racing Mon, 10 Sep 2007 09:46:25 +0100 mglendinning 162535 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162507/broadcast-revenues-fuel-record-transfer-spending Transfer spending by English clubs has exceeded £500 million this summer, around two thirds higher than the previous record of £300 million spent in summer 2006, according to analysis by the business advisory firm, Deloitte. Media United Kingdom Broadcast Finance Football Soccer TV Rights Tue, 4 Sep 2007 10:03:34 +0100 msherlock 162507 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162501/new-warrants-for-man-city-owner-shinawatra Authorities in Thailand have issued new warrants for the arrest of former Prime Minister Thaksin Shinawatra, now owner of Premier League Manchester City. Events Thailand United Kingdom Finance Football Soccer Law Mon, 3 Sep 2007 10:57:15 +0100 msherlock 162501 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162500/f1-duo-speed-in-to-buy-qpr F1 power players Flavio Briatore and Bernie Ecclestone have finally unveiled details of a much-trailed £14 million offer for Queen's Park Rangers the English second tier football club. Events United Kingdom Finance Football Soccer Motor Racing Mon, 3 Sep 2007 10:55:58 +0100 msherlock 162500 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162492/dein-ready-to-strike-after-russian-share-sale Another Russian billionaire has moved into a powerful position at a top London Premier League soccer club – with Arsenal this time the team involved. Marketing United Kingdom Finance Football Soccer Fri, 31 Aug 2007 05:59:52 +0100 cbritcher 162492 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162233/thai-authorities-call-for-asset-freeze-over-manchester-city-deal Thailand’s Asset Examination Committee which ordered the former prime minister Thaksin Shinawatra’s domestic assets to be frozen has now said the money he used to acquire English Premier League club Manchester City may have been hidden from the government. Events Thailand United Kingdom Finance Football Soccer Thu, 2 Aug 2007 09:36:42 +0100 msherlock 162233 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162189/vivendi-possibly-in-for-premiere There is growing speculation that French media group Vivendi could be interested in a takeover of German pay-TV broadcaster Premiere according to various media reports. Media France Germany Broadcast Finance Football Soccer TV Rights Tue, 24 Jul 2007 09:14:49 +0100 msherlock 162189 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162183/arsenal-board-warns-over-takeover-bids English Premier League club Arsenal issued a warning over buyers as speculation increased that US businessman Stan Kroenke may make a bid to increase his stake in the club. Formula One supremo Bernie Ecclestone has also refused to rule out a takeover of Arsenal. Marketing United Kingdom Finance Football Soccer Mon, 23 Jul 2007 09:17:10 +0100 msherlock 162183 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162180/top-managers-and-owners-join-line-up-for-future-of-football-conference Sir Alex Ferguson, Sam Allardyce, Alan Curbishley, Lawrie Sanchez, League Managers Association Chairman Howard Wilkinson and Aston Villa owner Randy Lerner are among the stellar group of football figures signed up for the first ‘Future of Football’ conference in London on 20 November 2007. Events United Kingdom Broadcast Finance Football Soccer Sponsorship Mon, 23 Jul 2007 09:12:15 +0100 msherlock 162180 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162127/profits-from-icc-cwc-2007-will-eliminate-wicb-deficit ICC Cricket World Cup West Indies 2007 Inc. said that thanks to hosting the ninth ICC Cricket World Cup the current West Indies Cricket Board financial deficit would be eliminated. Events Cricket Event Management Finance Wed, 11 Jul 2007 08:58:27 +0100 msherlock 162127 at http://www.sportbusiness.com http://www.sportbusiness.com/news/162116/city-takeover-complete-says-ex-thai-pm The takeover of English soccer club Manchester City is completed, according to the man behind it – former Thai Prime Minister Thaksin Shinawatra. Events United Kingdom Finance Football Soccer Mon, 9 Jul 2007 06:20:09 +0100 cbritcher 162116 at http://www.sportbusiness.com