Finance & Law
The Fiji Rugby Union, the country’s governing body of rugby union, has pledged to resolve administration issues that have led to a suspension in central financial support from the International Rugby Board (IRB), the sport’s global governing body.
French Football League (LFP) president Frédéric Thiriez has called the decision by the country’s top constitutional body to ratify the government’s ‘super tax’ on high earners “deeply regrettable”.
English Premier League football club Chelsea remains confident of meeting Uefa’s Financial Fair Play (FFP) regulations despite posting annual losses of £49.4m (€59.6m/$81.7m) in the year to June 30.
The European Commission has opened a three-pronged investigation into allegations that several Spanish Liga football clubs, including Real Madrid and Barcelona, benefited unfairly from state support.
The European Commission is to launch disciplinary proceedings against seven Spanish football clubs, including Barcelona and Real Madrid, over allegations of benefiting from favourable financial treatment from the state.
The French government has suppressed an amendment that would have forced top-tier Ligue 1 club Monaco to fall in line with the country’s so-called new ‘super tax’ on salaries exceeding €1m ($1.4m).
Formula One supremo Bernie Ecclestone has received backing from the board to remain the head of the motor sport unless he is convicted for bribery allegations by German authorities.