Finance News Articles

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

Champions earn record TV payout - 15 May 2012

New Premier League champions Manchester City earned a record income from Premier League broadcast payments this season, after claiming £60.6m, with bottom club Wolves, the first side to be relegated from the League this year, even earning £39m from the deal. read more

Green agrees takeover deal for Rangers - 14 May 2012

Charles Green, the former chief executive of Sheffield United, has agreed an £8.5m deal to buy Rangers with the backing of a global consortium made up of 20 individuals. read more

Jockey Club reveals strong finances - 09 May 2012

The Jockey Club, the largest commercial group in British horseracing, has reported double-digit growth in underlying turnover and operating profits for 2011, allowing the Group to increase its investment into horse racing - including a record contribution to prize money of £16.4m. read more

McIlroy & Hodgson joins rich list - 04 May 2012

Rory McIlroy, the 23-year-old Northern Ireland golfer who won the 2011 US Open, has already amassed a fortune worth £11m, according to the third annual Sunday Times Sport Rich List. read more

Liverpool reveals £50m loss - 04 May 2012

Liverpool FC has reported a loss of nearly £50m for the last financial year, with the financial implications of a failed stadium plan and former manager Roy Hodgson’s compensation package revealed.  read more

League leaders move to third in pay league - 02 May 2012

Barcelona and Real Madrid remain the best paid teams in global sport but new Premier League leaders Manchester City have jumped into the top three and are closing the gap, with the top four clubs are all from football, according to the Global Sports Salaries Survey 2012.  read more

Olympic football tickets go on sale - 30 Apr 2012

1.4 million tickets for the Olympic football competition go back on sale on Monday morning at 11am on a first come, first served basis, with seats still available for all but five games. read more

Football League to implement own FFP - 26 Apr 2012

The Football League is set to introduce its own Financial Fair Play regulations across all three divisions, after Championship clubs voted in favour of a breakeven approach based on UEFA's Financial Fair Play regulations. read more

Chelsea guaranteed record Euro TV money - 26 Apr 2012

Chelsea Football Club has guaranteed themselves the largest-ever TV money windfall from the Champions League after beating Barcelona on Tuesday night to make the final in Munich. The club will earn at least £45m - with a further £2.8m to come if they win the trophy - from UEFA's payments of Television money alone. read more

Wimbledon boosts prize fund for 2012 - 25 Apr 2012

Prize money for this year’s Wimbledon tournament is set to swell by 10% this year, the largest increase since 1993, with the majority directed to help lower-ranked players. read more

Brian Kennedy ups offer for Rangers - 19 Apr 2012

Sale Sharks owner Brian Kennedy has made an improved offer for Scottish Premier League giants Rangers and says he is waiting to hear from the Ibrox club's administrators. read more

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