Finance News Articles

The FA posts drop in profits - 23 Apr 2014

The FA revealed a £34m drop in income between 2012-13 but still managed to post an operating profit of £28m and was able to increase the amount it invested into the sport by £11m. read more

Jockey Club reveals record turnover & funding - 17 Apr 2014

The Jockey Club, which stages some of British horseracing's most famous events including the Cheltenham festival and the Crabbie’s Grand National, has announced its latest financial results, with annual turnover, profits and funding back into the sport all hitting record levels. read more

Nissan scores global Champions League deal - 07 Apr 2014

Nissan has confirmed a new four-year deal with UEFA to become a global sponsor of the Champions League, taking over Ford’s role as the Official Car Partner of Europe's elite club football competition from the start of the 2014/15 season.  read more

Southampton reveals ‘difficult’ finances - 31 Mar 2014

Southampton Football Club has published its latest annual results for the year ending 30th June, posting a net loss of £7.1m with new director, Hans Hofstetter, admitting the club's board have inherited a ‘difficult financial situation’. read more

Man Utd legends agree Salford City deal - 28 Mar 2014

Ryan Giggs and four of his former Manchester United team-mates – Gary and Phil Neville, Paul Scholes and Nicky Butt - have agreed a deal to purchase non-league Salford City.  read more

Havas S&E enters Romanian market - 17 Mar 2014

Havas Sports & Entertainment, the brand engagement network of the Havas Group, has signed a strategic partnership with eventures, a full-service integrated communications agency with offices in Bucharest, Romania.  read more

Sochi Paralympic sales surpass Vancouver - 10 Mar 2014

287,000 tickets have been sold so far for the Sochi 2014 Paralympics breaking the record ticket sales record set by Vancouver four years ago. read more

Contractor appointed for £45m Cheltenham work - 06 Mar 2014

The Jockey Club has appointed Kier as the main contractor to deliver its £45m grandstand development at its flagship Cheltenham Racecourse, set to be completed in time for 2016 edition of the Festival.  read more

Newcastle posts profits of £9.9m - 26 Feb 2014

Newcastle United have posted their profits from the 2013/13 season which sees the club’s profit after tax rise to £9.9m from £1.4m in 2011/12 following a growth in commercial revenue and a reduction in operational losses.  read more

Eurosport reports growth in profits - 21 Feb 2014

Eurosport has reported a significant growth in profit despite the broadcaster’s revenue falling by £18.2m. The financial figures were released by TF1, the French media firm and parent company of Eurosport. The broadcaster’s operating profits increased by £!4.9m to £67.3m.  read more

Man Utd boosted by commercial income - 13 Feb 2014

Manchester United has announced an increase in revenue to more than £220m in the first half of their financial year, following a rise in commercial income, that has seen the club post revenue of £221.4m for the six months to 31st December 2013 – up from £186.4m for the same period last year. read more

Becks’ bucks secure MLS franchise in Miami - 06 Feb 2014

Former England captain David Beckham has announced he has exercised his right to buy a Major League Soccer franchise, confirming – as expected – that the new club will be based in Miami, Florida. read more

Premier League clubs set spending record - 04 Feb 2014

Premier League clubs spent a total of £130m during the January transfer window, according to analysis by the Sports Business Group at Deloitte, bringing the full 2013/14 season spending to £760m and breaking the £700m barrier for the first time - significantly beating the previous record of £670m set in 2008/09. read more

Man Utd opens talks over new kit deal - 29 Jan 2014

Manchester United has confirmed it is in talks with a number of different sportswear companies, with a view to securing a new kit deal for the start of the 2015/16 season after the club’s current kit provider, Nike, failed to agree a new deal during the period of exclusivity last year. read more

Barclays considers Premier League role - 27 Jan 2014

Barclays could be set to end its £40m-a-year sponsorship of the Premier League after senior figures at the bank claimed it had zero value in the UK, according to media reports. read more

Man United fall in Deloitte's rankings - 23 Jan 2014

Deloitte has released the 2014 edition of the Football Money League, the widely respected annual barometer of the financial health of Europe's elite football clubs. read more

Man City acquires Melbourne Heart - 23 Jan 2014

Manchester City has partnered with the National Rugby League’s Melbourne Storm to acquire Hyundai A-League club Melbourne Heart FC, in a similar deal employed by City’s owners when they announced the creation of a new Major League Soccer team, New York City FC, last year in partnership with Major League Baseball’s New York Yankees. read more

Discovery acquires Eurosport majority stake - 22 Jan 2014

Discovery Communications has agreed with France's TF1 Group to raise its stake in pan-European sports network Eurosport International from 20% to 51%, in a deal that values the international sports networks business at about $1.2 billion.  read more

Liverpool secures nine international TV deals - 14 Jan 2014

Liverpool FC have expanded their global television service after agreeing new deals with broadcasters in nine territories around the world, which entitle each network to show footage from recent Liverpool games as well as exclusive behind-the-scenes programming. read more

Red Bull partner generates $1bn in TV exposure - 09 Jan 2014

Infiniti, the Title Partner and Vehicle Performance Partner of the Infiniti Red Bull Racing Formula One team, has become the first F1 team sponsor to pass the US$1 billion AVE TV value in the 2013 season – according to global sports research experts Repucom. read more

Jockey Club contributes record prize money - 19 Dec 2013

The Jockey Club has revealed plans to make an industry record £19.5 million contribution to prize money in 2014 from its own resources, beating its own previous record high of £18.4m.  read more

Football & Tennis receive funding threat - 13 Dec 2013

Tennis and football have been warned by Sport England that part of their public funding could be cut if improvements are not made, after both sports suffered big drops in participation throughout the country in body’s latest Active People Survey. read more

Adidas reveals financial targets - 04 Dec 2013

The adidas Group has confirmed its 2015 financial targets which forecast sales of £14.2bn. In addition, the senior management of the Group shared preliminary details about its goals for 2014 with sales expected to grow at a high-single-digit rate in 2014. The development will be driven by growth in all brands, regions and markets in 2014, with r… read more

England 2015 reveals RWC ticket structure - 28 Nov 2013

Organisers of the next Rugby World Cup, to be hosted in England in 2015, have revealed details of ticket prices and schedules for the 48 match tournament - with 2.3 million tickets to go on sale next year. read more

RFU break £150m revenue barrier in latest results - 18 Nov 2013

Despite a narrow defeat against the world champions New Zealand on Saturday, the Rugby Football Union (RFU) has revealed some stronger results off the pitch, after revealing Group revenue for 2012/13 broke the £150m mark for the first time in the RFU’s history in its latest Annual Report & Accounts. read more

Manchester United’s revenue soars - 15 Nov 2013

Manchester United has reported a 29% rise in revenue for the first three months of its financial year, posting total revenue of £98.5m. read more

ATP announces prize money increase - 08 Nov 2013

The Association of Tennis Professionals has announced it will increase the prize pot for World Tour 500 tournaments by 10% each year over the next five years. read more

adidas golf posts 16% drop in revenue - 07 Nov 2013

adidas’ financial results have revealed a 16% drop in revenue from its golf sales compared to those of 2012.  read more

ASICS Europe announces 7% sales increase - 06 Nov 2013

ASICS Europe has revealed an overall sales increase of 7% between January and June 2013 driven by a 48% growth in running apparel as well as continued growth in performance running footwear. read more

Beckham set for MLS franchise ownership - 30 Oct 2013

David Beckham is set to exercise his option to own a Major League Soccer franchise, after reportedly selecting Miami as the base for his new side.  read more

Chime Communications acquires JMI - 25 Oct 2013

Just Marketing International (JMI) has been sold to Chime Communications in an acquisition that will see the global motorsports agency become part of Chime’s sports marketing division, CSM Sport & Entertainment.  read more

Local clubs to bid for Olympic Legacy cash - 22 Oct 2013

Sports clubs are being invited once again to bid for a share of £15 million of National Lottery investment from Sport England's Inspired Facilities legacy fund, which has already supported more than 1,300 local community sports groups, according to Sport England. read more

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