Finance News Articles

Crabbie’s serves first £1m Grand National - 28 Aug 2013

Crabbie’s Ginger Beer has been unveiled as the new official title sponsor of the Grand National and Grand National Festival at Aintree. The three-year deal between alcoholic drink’s brand and the racecourse will see the world's most famous steeplechase run for a £1 million purse for the first time. read more

One million Glasgow 2014 tickets go on sale - 19 Aug 2013

More than a million tickets for next year's Commonwealth Games in Glasgow have gone on sale, with Monday morning’s 10am launch marked with swimmer and new Glasgow 2014 ambassador Michael Jamieson diving into the newly re-furbished Tollcross International Swimming Centre for the first time. read more

Aon extends NFL International Series partnership - 13 Aug 2013

Aon has announced the expansion of the firm’s partnership with the National Football League (NFL) which will allow the global provider of risk management and human resource consulting and outsourcing to continue to bring cross-cultural experiences to its clients in the London market.  read more

Women’s running market boosts ASICS growth - 08 Aug 2013

Latest figures have revealed ASICS Europe grew by 23% in Q1 for 2013, becoming the fastest growing brand for women’s running footwear during the period with results on the continent particularly strong. read more

Norwich City cashes in on SBOBET deal - 05 Aug 2013

Norwich City FC has announced a new deal with SBOBET, one of the leading online bookmakers in Asia, who will become the club’s official Asian betting partner. read more

MLS banks on Wells Fargo partnership - 02 Aug 2013

Wells Fargo has signed a deal to become the retail banking and commercial sponsor of Major Soccer League (MLS). read more

US Open increases prize money pot - 01 Aug 2013

The US Open, which is due to take place later this month, has increased its prize money offering by 37% to $34.3 million with the men’s and women’s winners receiving $2.6 million. read more

Arsenal signs Nigerian bank partnership - 25 Jul 2013

Arsenal FC has announced a new three-year deal with Nigeria's Sterling Bank, which will see the creation of a range of co-branded debit cards in the country.  read more

Wasserman Media Group acquires Ignite - 16 Jul 2013

Wasserman Media Group chairman and CEO Casey Wasserman has announced the company has completed a transaction to acquire brand experience agency, Ignite, for an undisclosed sum. read more

NFL’s Jaguars owner purchases Fulham FC - 15 Jul 2013

NFL’s Jacksonville Jaguars owner Shad Khan has bought Barclays Premier League side Fulham FC, becoming the sixth American owner among the 20 teams currently in the division. read more

PL & Sport England fund youth sport boost - 08 Jul 2013

Football could help encourage more young people try new sports after Sport England teamed up with the Premier League to announce a new £16.8m partnership to help encourage youth sports participation for the next three years.  read more

Regeneration plans unveiled for Anfield - 25 Jun 2013

New regeneration plans for Liverpool FC’s Anfield stadium have been announced with a £260m proposal to redevelop the surrounding area of the city that would see the ground expanded, as well as a new housing and a business hub built on the land. read more

adidas aiming for record €2bn sales in 2014 - 19 Jun 2013

adidas has revealed it expects to achieve new record sales of €2 billion in the football category in 2014 – a busy year for the brand, an official sponsor, supplier and licensee of the 2014 FIFA World Cup. The German company will also supply the official ball of the tournament and equip officials, referees, volunteers and ball kids. read more

Perform in talks to purchase Opta Sports - 17 Jun 2013

Perform is in advanced talks to buy sports statistics supplier, Opta Sports Data, in a £40 million deal – according to media reports. The Daily Telegraph claims that Opta's venture-capital backers, Albion Capital, have put the company up for sale, with a deal expected within the next couple of months. read more

We R Interactive reveals football investment - 12 Jun 2013

We R Interactive has revealed, for the first time, that a range of past and present footballers including Steven Gerrard, Jermain Defoe and Scott Parker are investing in the social entertainment company, with products already being used by over 12 million consumers. read more

Man Utd bank on new Mexican partnership - 11 Jun 2013

Manchester United has announced a new four-year sponsorship deal with Mexican banking group Invex, marks the Barclays Premier League champions’ first financial services partnership in North America. read more

Premier League attendances in record boost - 07 Jun 2013

The average attendance for Premier league clubs in 2012/13 increased by 4%, according to Deloitte’s Annual Review of Football Finance, with stadia utilisation up to 95% - the highest level ever recorded in the league’s history and the 16th consecutive season above the 90% mark – but remain some way behind the Bundesliga, whose unmatched stadium … read more

Premier League revenue set to break £3bn mark - 06 Jun 2013

According to a new report from football finance experts at Deloitte, Barclays Premier League clubs are set for a 25% revenue boost next season following a number of lucrative new television deals, after the league reached £2.36bn in the 2011/12 and extended its growth last season. read more

Jockey Club Bond raises nearly £25m - 30 May 2013

The Jockey Club has announced it has raised £24.7 million for its Racecourse Bond, which offered the general public a chance to invest in horseracing, exceeding the company's original target of £15 million.  read more

Nike ends Livestrong Foundation association - 29 May 2013

Nike has announced in a statement that it is ending its partnership with the Livestrong Foundation, the cancer charity founded by disgraced cyclist Lance Armstrong. The sportswear giant will stop production on Livestrong products after the 2013 line, however, the US brand will continue to fund the charity directly in ‘their work to serve and imp… read more

Man City & Yankees launch MLS team - 21 May 2013

Major League Soccer Commissioner Don Garber has announced a partnership between Manchester City FC and the New York Yankees, which will see the outgoing Premier League Champions and the legendary baseball team form a new MLS franchise.  read more

Jockey Club achieves bond target - 17 May 2013

The Jockey Club has announced today that it has achieved the £15 million target for its Racecourse Bond in just over three weeks. As a result of continued demand The Jockey Club - which owns racecourses including Aintree, Cheltenham, Epsom Downs and Newmarket as the largest commercial group in British horseracing - has extended the application w… read more

ECB securing over $500m broadcast rights - 16 May 2013

As England begin their summer of cricket today at Lords, commercial director of the England & Wales Cricket Board, John Perera, gives SportIndustry.biz an insight into the significant boost of broadcast revenue into the governing body’s revenue – and the ongoing impact of the growing Indian marketplace. read more

The Jockey Club Bond attracts investment - 10 May 2013

The Jockey Club, the largest commercial group in British horseracing, has announced it has already received applications for more than half the ambitious £15m target it set for its Racecourse Bond offer and urged potential investors to make their applications before the cash and racing rewards offer closes on Friday 17th May 2013. read more

Badminton England gets London GP backing - 30 Apr 2013

Badminton England has announced a new partnership with Gullivers Sports Travel for the upcoming London Grand Prix, taking place at the Copper Box on Queen Elizabeth Olympic Park from 1st to 6th October 2013, while plans for a relocation and expansion of the sport’s National Badminton Centre have also been approved.  read more

The Jockey Club posts record results - 24 Apr 2013

The Jockey Club, the largest commercial group in Britain's second biggest spectator sport, has announced its best set of financial results ever – including record turnover (£150.3m), operating profits (£19.8m) and contribution to prize money (£16.5m) – and used them as the springboard to launch the first ever retail bond in British sport, 'The J… read more

Racing shareholders benefit from 2012 success - 22 Apr 2013

Racecourse Media Group, which manages the media rights for 33 racecourses in the UK, has announced that record licence fees of £46 million for 2012 had been distributed to its racecourse shareholders. read more

Goodwood confirms prize money increase - 16 Apr 2013

With the start of the new season less than three weeks away, Goodwood Racecourse has announced a prize money boost of 12% - increasing the total purse to over £3.6 million across 19 race days – including five days of Glorious Goodwood. read more

Financial Fair Play set for Premier League - 12 Apr 2013

The Premier League has ratified the agreement over Financial Fair Play regulations, according to media reports, with new rules set to cap wages and limit losses coming into effect from next season ahead of UEFA's new regulations. read more

Betfair completes Blue Square takeover - 04 Apr 2013

Betfair has completed a £5 million takeover of online bookmaker Blue Square, effectively ending the company's six-year sponsorship of the Football Conference, leaving both the Football League and the Football Conference without a headline sponsor for the 2013/14 season. read more

Motorsport agency JMI put up for sale - 02 Apr 2013

Motorsports agency Just Marketing International (JMI) has been put up for sale after majority shareholder Spire Capital Partners announced its intention to sell its 60% stake. read more

Newcastle Utd posts turnover increase - 01 Apr 2013

Newcastle United has revealed an operating profit of £7.5 million last season, down from £13.3 million the year before, but a fifth-place finish helped the club to a turnover increase of 5.4% to £93.3 million. read more

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