Finance News Articles

IMG to produce Channel 4 racing - 14 Aug 2012

IMG Sports Media has signed a new deal to become the exclusive production partner of Channel 4 for its future racing broadcasts. read more

Man Utd cuts stock float value - 10 Aug 2012

19-time Premier League champions Manchester United have been forced to cut the value of its upcoming share flotation in New York, and will now sell shares at $14 each – significantly lower then the $16-$20 range the football club announced last month. read more

Pompey Council back bid to save club - 10 Aug 2012

Portsmouth City Councillors met with the Pompey Supporters’ Trust (PST) on Thursday and unanimously agreed a £1.45m loan to the Trust in support of their bid to save Portsmouth FC. read more

Olympic hospitality sales surpass targets - 06 Aug 2012

Sales of official hospitality packages for London 2012 have exceed all expectations according to the company responsible for the programme, generating more than £100 million in sales in the process. read more

Pompey Supporters’ Trust announce new bid - 03 Aug 2012

The Pompey Supporters’ Trust have submitted details of their proposed bid and details of new backers in their attempts to save Portsmouth Football Club. read more

Super League offers to buy Bulls - 03 Aug 2012

Super League's parent company has made an offer to purchase Bradford Bulls on behalf of the competition's 13 other clubs, after the Rugby Football League rejected two conditional bids for the club from the ABC consortium. read more

RFL rejects revised Bulls offer - 02 Aug 2012

The Rugby Football League has rejected the second bid submitted by the ABC consortium for Bradford Bulls, after an original conditional bid was rejected last Thursday before the second bid was submitted the following day. read more

Everton agrees StubHub ticket partnership - 24 Jul 2012

Everton has secured its largest commercial deal, excluding shirt sponsorship and retail, in the club’s history after announcing a three-year partnership with US-based StubHub. read more

RFL reveals record turnover for 2011 - 19 Jul 2012

The Rugby Football League has reported a record turnover of over £27 million for 2011, figures that allowed the governing body to post a pre-tax profit for the 10th consecutive year. read more

Games' brand second only to Apple - 19 Jul 2012

The value of the Olympic brand has increased by 87% from the Beijing Games’, and now stands second only to technology corporation Apple – according to a new study. read more

Man Utd remain world's most valuable team - 18 Jul 2012

Despite losing the Premier League title in the final seconds of the 2011/12 season to their local rivals, 19-time champions Manchester United have retained their place as the world’s most valuable sports team – after Forbes magazine released its annual rankings. read more

Worth of Champions League triumph revealed - 16 Jul 2012

Chelsea’s UEFA Champions League earned the London club €59.4 million in revenue, according to figures released by European football’s governing body. read more

Bloomberg & IMG announce sport partnership - 12 Jul 2012

Bloomberg L.P and IMG have announced a new partnership designed to expand and accelerate the growth of Bloomberg’s vertical division, Bloomberg Sports. The new venture will retain the name Bloomberg Sports, and will be funded through a partnership created by both entities.   read more

Rangers newco refused SPL spot - 05 Jul 2012

It has been confirmed that Rangers will not play in the Scottish Premier League this season, after SPL chairmen voted against the new club's application to replace the old Rangers in the top flight. read more

Man Utd to list on US stock market - 04 Jul 2012

Manchester United has applied to list on the US stock market, with the aim of raising $100m (£64m) on a share sale in order to repay debt.  read more

More Rangers players reject newco move - 28 Jun 2012

John Fleck has become the ninth player to object to his contract switching to the new Rangers, with midfielder Jamie Ness also agreeing a move elsewhere – although Kyle Hutton has become the third player to announce he will stay on at the stricken club. read more

Bradford Bulls enter administration - 27 Jun 2012

Rugby league club Bradford Bulls have entered administration and, if a buyer is not found within ten days, face the possibility of extinction altogether - according to media reports. read more

Newco Rangers to lose SPL place - 26 Jun 2012

A newco Rangers will be refused admittance to the Scottish Premier League, after six clubs announced they will vote against the application. Rangers require an 8-4 majority in the vote on 4th July to transfer their share in the league to Charles Green's newco. read more

Adidas set to break own football sales record - 22 Jun 2012

Adidas has announced it expects to achieve record sales of over €1.6bn (£1.28bn) in the football category for 2012, which would surpass the record sales produced in 2010 – when the FIFA World Cup was held in South Africa.  read more

UK to benefit from spending boom during Games - 22 Jun 2012

The London 2012 Olympic and Paralympic Games will deliver an £804m consumer spending injection for the UK this summer and an economic legacy worth £5.33bn by 2015, according to a new report from Visa Europe. read more

‘Money’ knocks Tiger off sport rich list summit - 20 Jun 2012

American boxer Floyd Mayweather has overtaken Tiger Woods at the top of Forbes magazine's list of the 100 highest-paid sports personalities over the past year, after earning £54.25m – despite currently serving a three-month jail sentence for domestic assault – a figure strengthened by promoting his own fights. read more

IOC to investigate Olympic ticket claims - 18 Jun 2012

The International Olympic Committee (IOC) has opened an investigation into allegations that National Olympic Committees and official agents were willing to sell thousands of London 2012 tickets on the black market. read more

Green completes Rangers deal despite late bid - 15 Jun 2012

Charles Green has completed the purchase of Rangers’ assets in a deal worth £5.5m, despite a last-minute bid from former manager Walter Smith – believed to be £500,000 greater – for the Scottish club, set to go into liquidation.  read more

Bradford Bulls close to administration - 15 Jun 2012

Bradford Bulls could be forced to go into administration within a fortnight after being hit by a winding-up order over unpaid tax, according to media reports. read more

BT joins BSkyB in £3bn Premier League rights sale - 14 Jun 2012

BT has secured two rights packages to broadcast live Premier League games for the first time, securing the rights to 38 matches a season from 2013/14 to 2015/16, and joining BSkyB – which secured five packages – in a record sale of £3.018bn, a significant increase on the £1.25bn that BSkyB and ESPN paid for the existing deal.  read more

Derby to offer demand based ticket pricing - 13 Jun 2012

Derby County is set to become the first club in the country to offer ‘demand based’ pricing for match tickets at its home league fixtures from the start of the 2012/13 football season. read more

Atos pledges Personal Best for London - 08 Jun 2012

Atos, the worldwide IT Partner of the Olympic and Paralympic Games, has unveiled its new marketing platform ahead of London 2012: Personal Bests to Everyone’s Progress.  read more

Bluebirds confirm kit rebrand - 07 Jun 2012

Cardiff City, nicknamed the Bluebirds, have announced they intend to go ahead with a planned rebrand of the club that will see the club’s home kit change from blue to red, and introducing a new badge. read more

Premier League wages hit record high - 31 May 2012

Premier League clubs’ combined revenue reached a record £2.27bn in 2010/11, according to the 21st Annual Review of Football Finance from the Sports Business Group at Deloitte. In total, the top 92 clubs in English football saw revenues increase by 9% to £2.9bn in 2010/11. read more

Nike set to sell off Umbro brand - 31 May 2012

Nike Inc has announced it intends to sell its Umbro and Cole Haan brands to focus on driving growth through its namesake, as well as other athletic brands including Jordan, Converse and Hurley. read more

CVC sells significant F1 stake - 23 May 2012

Formula One’s controlling shareholder, CVC Capital Partners, has sold a 21% stake in the sport, cutting its holding to 42%. The stake in the company equates to US$1.6 billion (£1.02bn), ahead of its planned initial public offering (IPO) on the Singapore Stock Exchange. read more

Asics Europe announces financial results - 17 May 2012

The European division of Japanese sportswear brand Asics has announced an overall net sales increase of 15.3% through 2011, with a strong performance in running with sales of both footwear and apparel growing by over 20%.  read more

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