Finance News Articles

Premiership Rugby confirms new wage cap - 18 Sep 2014

As expected, the Premiership salary cap for next season will rise by £500,000 to £5.5m, with clubs also able to name a second ‘marquee’ player whose wages are excluded from the cap, as long as they arrive from outside the Premiership. read more

Record revenue but profit falls at Man Utd - 11 Sep 2014

Manchester United has announced its latest financial figures, revealing record annual revenues – which have risen by 19% to £433.2m – despite profits falling dramatically by 84%. read more

Stats expands profile with Bloomberg Sports - 05 Sep 2014

STATS, the sports technology, data and content company, has expanded its sports analytics portfolio with the acquisition of Bloomberg Sports (BSports) and its sophisticated system of data analysis, predictive modelling and integrated data systems. read more

Premier League spending could break £1bn - 01 Sep 2014

This summer’s spending spree by Barclays Premier League clubs could yet break the £1 billion mark this year, before the transfer window closes at 11pm on Monday. read more

Spurs renews long-term credit card deal - 28 Aug 2014

Premier League side Tottenham Hotspur have signed a long-term extension to their partnership with MBNA that will see the company remain the north London club’s official UK credit card partner until the end of the 2018/19 season. read more

Jockey Club reveals strong investment - 15 Aug 2014

The Jockey Club, which operates some of the UK’s leading racecourses, is spending more than £31 million in 2014 on its facilities, according to the organisation. read more

Marathonbet secures Spurs betting rights - 11 Aug 2014

Tottenham Hotspur has signed a record two-year deal with Marathonbet who become the club’s new exclusive betting partner for the start of the 2014/15 season. read more

ASICS Europe announces sales boost - 08 Aug 2014

ASICS Europe has revealed accelerated growth across EMEA in its half year results for 2014, delivering an overall 16.0% increase in net sales between January and June, largely driven by strong growth across apparel and footwear in the brand’s running and tennis categories. read more

Adidas cites Russia & golf for profit change - 05 Aug 2014

German sportswear brand, adidas, has warned it will miss its profit targets for the year – citing the rising tensions in Russia and a declining golf business – and now expects profits of around $869 million, compared with the $1.1 billion to $1.2 billion it had previously stated. read more

Man Utd's record kit deal clauses revealed - 01 Aug 2014

Manchester United's world record £750m kit deal with adidas will be cut by more than £20 million a year if they fail to qualify for the Champions League for two consecutive seasons starting from 2015/16. read more

Glasgow 2014 auction site launched - 28 Jul 2014

Glasgow 2014 has launched the official Commonwealth Games auction website, auction.glasgow2014.com, where fans can bid on more than 10,000 items of special sporting mementoes being auctioned. read more

Audioboom calls in talkSPORT Ltd - 24 Jul 2014

Social media audio platform Audioboom has appointed talkSPORT Limited as its exclusive UK sales partner to sell digital audio and display advertising through Audioboom’s network of sports websites, mobile apps and content. read more

West Brom scores a brace for new season - 17 Jul 2014

Barclays Premier League side West Bromwich Albion have kicked-started pre-season with the confirmation of two sponsorship agreements, announcing Bet365 as a new partner and extending an existing sponsorship with Jack Wolfskin. read more

Man Utd & adidas agree £750m partnership - 15 Jul 2014

Following months of speculation, adidas has signed a record £750m, 10-year deal with Manchester United to replace Nike from the end of the upcoming season. read more

Barry Hearn ends 20-year Orient ownership - 09 Jul 2014

Sports promoter Barry Hearn has sold his 90% stake in Leyton Orient Football Club to Italian businessman Francesco Bechetti, after 20 seasons in charge. read more

Ainslie’s America’s Cup dream gets cash boost - 02 Jul 2014

The British government has approved £7.5m in public funding to support Sir Ben Ainslie's America's Cup sailing team base in Portsmouth, as well as an additional £1.4m from the City’s Council. read more

World Cup helps Nike deliver strong results - 27 Jun 2014

Nike Inc has reported its latest financial figures, with the FIFA World Cup helping the sports brand deliver better-than-expected quarterly results, as demand for apparel and footwear rising in North America and Western Europe.  read more

GoPro camera brand goes public - 27 Jun 2014

Shares of sports cameramaker, GoPro Inc, have risen as much as 38% in their market debut after going public on the Nasdaq exchange, with shares hitting a high of $33 in early trading on Thursday - valuing the company at about $4bn. read more

UK Sport doubles Winter investment - 27 Jun 2014

UK Sport has revealed a doubling of National Lottery and Government investment in British winter Olympic and Paralympic sports preparing for the next Games in PyeongChang, South Korea, in 2018. read more

Sochi 2014 reveals strong operating profit - 20 Jun 2014

The Organising Committee of the Sochi 2014 Winter Olympic and Paralympic Games has announced an operating profit of nine billion roubles (£153 million), according to preliminary estimates, with the surplus to be invested into the development of Russian sport. read more

Swansea renews Goldenway agreement - 18 Jun 2014

Swansea City has renewed a major sponsorship agreement with financial services firm Goldenway, in what the club has described as ‘the largest agreement in the club’s proud 102-year history’. read more

Scottish Rugby Posts Record Turnover - 11 Jun 2014

As its international team continues with its season-ending tour of North America, Scottish Rugby’s business results of the last 12 months have been declared the strongest in their history. read more

Deloitte: Premier League revenues break £3bn mark - 05 Jun 2014

The Deloitte Annual Review of Football Finance has revealed that revenue of Premier League clubs has broken the £3bn mark for the first time, just four years after passing the £2bn figure. read more

Messi still the best, but the gap is closing - 04 Jun 2014

The CIES Football Observatory this week launched its ninth edition of the Annual Review of the five major European championships, looking into the transfer market value of big-5 league footballers. read more

'NBC funds key to MLS growth' says Liverpool CCO - 03 Jun 2014

Speaking exclusively to sportindustry.biz, Liverpool FC’s chief commercial officer Billy Hogan discusses the commercial gains of achieving on-the-pitch success, the importance of social media engagement and what it means to be staying at Anfield.  read more

RFU announces professional services deal - 29 May 2014

The Rugby Football Union has announced EY as the Official Professional Services Supplier to England Rugby, expanding an existing relationship after the firm was appointed as the governing body’s official tax advisor 18 months ago. read more

Music veterans make Jockey Club Live investment - 23 May 2014

Jockey Club Live, which promotes large-scale live music events at racecourses around the UK, has announced the appointment of music industry veterans Tim Clark and David Enthoven to its board. read more

Man City adds J-League side to global portfolio - 21 May 2014

Barclays Premier League champions Manchester City have expanded their portfolio of clubs around the world after securing an ownership stake in Japanese J-League team Yokohama F Marinos. read more

IMG appointed master licensee of Euro 2016 - 20 May 2014

UEFA has appointed IMG Licensing as Master Licensee for the UEFA Euro 2016 football tournament as well as the UEFA European Under-21 Championship, the UEFA European Women’s Championship and the UEFA Futsal Euro.  read more

Corbis acquires WSM Communications - 19 May 2014

Corbis Entertainment has acquired sports marketing and sponsorship agency, WSM Communications, following an announcement from Gary Shenk, chief executive officer, Corbis.  read more

TV revenue for Premier League clubs revealed - 15 May 2014

The Barclays Premier League proved itself as the richest football league in the world this week after revealing its distribution of television cash, which saw bottom club Cardiff City secure more money than Manchester United did for winning the title one year earlier. read more

Red Peak Group acquired by HDY - 12 May 2014

Red Peak Group has announced its acquisition by Tokyo-based Hakuhodo DY Holdings, with Red Peak Group founder Michael Birkin to become the CEO of kyu from July. read more

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