Finance News Articles

Grand National ticket sales up 27% - 20 Oct 2011

Aintree Racecourse, home of the John Smith’s Grand National, has revealed that demand to attend the 2012 event in Liverpool next April has reached an all-time high, with advance tickets sales up 27%.

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Plymouth Home Park could be saved - 19 Oct 2011

The existence of Plymouth Argyle Football Club could be saved after the council agreed to buy its ground, Home Park. read more

9 in 10 Paralympic ticket applicants successful - 17 Oct 2011

The London Organising Committee of the Olympic Games and Paralympic Games has confirmed that it is on track to complete the process of taking payment for London 2012 Paralympic tickets by the end of October.  read more

Newcastle Utd set to break even for year - 17 Oct 2011

Newcastle United is on course to break even for the financial year, according to managing director Derek Llambias. read more

Liverpool MD questions TV rights policy - 12 Oct 2011

Leading Premier League clubs should be able to negotiate individual overseas TV right deals – according to Liverpool’s managing director, Ian Ayre. read more

Bidding Test grounds could go broke - 10 Oct 2011

County cricket clubs bidding to stage test cricket could lead to stadia going bust – according to Lancashire chief executive Jim Cumbes. read more

RWC fans face hotel price hike - 07 Oct 2011

With three of the home nations all in Rugby World Cup action British rugby fans travelling to the World Cup in New Zealand are facing steep average price increases of 29% for hotel rooms, according to the latest Hotels.com Hotel Price Index.
 
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Jockey Club reveals Racing+Music strategy - 04 Oct 2011

Jockey Club Racecourses has announced that it has welcomed a record total attendance to its programme of 'racing plus music' events in 2011, which saw competitive racing followed by performances from music acts such as Sir Tom Jones, Blondie, Scissor Sisters and Olly Murs. read more

Over 1m Paralympic ticket applications made - 29 Sep 2011

Following the application process for London 2012 Paralympic Games tickets, the London Organising Committee of the Olympic Games and Paralympic Games has confirmed that 116,000 people applied for 1.14 million tickets during the application window - between 9th September and 26th September 2011.  read more

Sochi sets Olympic sponsorship record - 21 Sep 2011

A number of new partnerships signed last week have seen the Sochi 2014 Olympic Games pass the $1.2 billion (£760 million) mark in sponsorship, moving past the marks set by both Beijing 2008 and London 2012. read more

SIBC 11: Sustainability crucial to survival - 20 Sep 2011

Speaking exclusively at the Nolan Partners Sport Industry Breakfast Club in front of a packed room of industry executives, Arsenal Football Club CEO Ivan Gazidis insisted that Arsene Wenger retained the full backing of the club's board, and explained that football’s blinkered spending had to stop. read more

Madrid hits record revenue generation - 19 Sep 2011

Real Madrid has claimed a new world record for annual revenue generation in football, after the La Liga club revealed its latest financial figures for the year ending 30th June, 2011. read more

Indian Grand Prix fears played down - 15 Sep 2011

Fears over a potential boycott of the Indian Grand Prix by Formula One teams have been allayed after race organisers offered to foot the bill for any customs duties and taxes arising from local legislation. read more

Djokovic sets new ATP earnings record - 15 Sep 2011

World number one and new US Open champion Novak Djokovic has set a new ATP prize money record of £6.72m ($10.6m) for the year. read more

London 2012 launches British tourism scheme - 13 Sep 2011

Culture secretary Jeremy Hunt has launched a new £6m scheme linked to the London 2012 Olympics and Paralympics with the aim of boosting domestic tourism – which Hunt claims could create 12,000 new jobs and lead to an extra £500m being spent in the economy over the next three years.

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MasterCard reveals RWC report - 13 Sep 2011

Rugby World Cup 2011 could generate over £1bn (US$1.67bn) for the global sports economy with overseas visitors to New Zealand generating £414.6m (US$654m) - according to new research commissioned by MasterCard Worldwide. read more

Renault F1 reveals £34m loss for 2010 - 12 Sep 2011

The Renault Formula One team has revealed it generated a £34.3 million loss last year - according to the French car manufacturer’s latest accounts. read more

British Cycling invests in London 1948 track - 12 Sep 2011

The last remaining finals venue from the 1948 Olympic Games that is still in active use, the Herne Hill Velodrome, has been given new life following significant investment from British Cycling. 

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LOCOG publishes 2010-11 report - 08 Sep 2011

The London Organising Committee of the Olympic Games and Paralympic Games Ltd (LOCOG) has published its 2010/11 financial report and accounts. read more

Manchester Utd announces £110m profit - 02 Sep 2011

Premiership champions Manchester United has reported an annual operating profit of £110.9m, after total revenue rose to £334.1m for the year ending June 2011 – an increase of £45m on the previous year. read more

Deloitte reveals extent of transfer spend - 02 Sep 2011

Business analyst Deloitte has revealed that English Premier League clubs spent £485m in the 2011 summer transfer window – up 33% on last summer’s expenditure. read more

Adidas aims at Euro 2012 leadership - 31 Aug 2011

Adidas Group CEO Herbert Hainer has announced that the adidas brand plans to use the UEFA Euro 2012 as a platform to achieve market leadership in Poland by 2015. read more

Perform reveals half-year results - 30 Aug 2011

Perform Group plc has announced its half-year results for the six months ending 30th June 2011, revealing a 47% year-on-year revenue growth, and consistent growth across all business areas. read more

Sport helps Chime register £12.7m profits - 24 Aug 2011

Agency network Chime Communications has reported a 23% surge in pre-tax profits to £12.7m in the first half of 2011, with its sports marketing division accounting for 24% of total revenues. read more

VisitBritain reveals big spending fans - 19 Aug 2011

As the first fixtures of the 2011/12 Barclays Premier League season kicked-off around the country, new figures released by VisitBritain reveal that over 750,000 inbound visitors who came to Britain last year experienced a football game, spending £595m in the process, the equivalent to £776 per fan. read more

UEFA to analyse Etihad deal - 17 Aug 2011

Manchester City’s sponsorship deal with Etihad Airways is set to be put under the microscope by UEFA’s financial fair play boss Jean-Luc Dehaene, who has admitted he has some questions regarding the deal. read more

Go Beyond Sport responds to UK riots - 15 Aug 2011

In response to the recent scenes of violence and unrest in the UK, global sport and development initiative Beyond Sport is issuing a rallying call to garner support for a raft of community projects that use sport to address problems such as youth violence, crime and anti-social behaviour. read more

2012 Olympic Village sale completed - 15 Aug 2011

The sale of London's Olympic Village has been completed for £557m to a joint venture between Delancey and Qatari Diar ­- the property arm of Qatar's sovereign wealth fund. read more

SSE joins RFU in three year deal - 11 Aug 2011

Energy company SSE has been named as a National Community Partner of the Rugby Football Union (RFU) in a three year partnership that will see SSE invest significantly to support community rugby in England and take on the title sponsorship of the National and Divisional Leagues. read more

Olympic Village sale nears completion - 05 Aug 2011

The government is in talks with a consortium over the sale of the Athletes’ Village in East London following the 2012 Olympic Games. read more

Record crowds at UK sporting events - 05 Aug 2011

According to analysis by PwC, 2011 has been a record year for total attendances at the UK’s biggest annual sporting events – based on the number of paying spectators. read more

Adidas Group sales up 14% for 2011 - 04 Aug 2011

Sportswear brand adidas has revealed its financial results for the first half of 2011 - with a Group revenue increase of 14%, and an increase of 10% on a currency-neutral basis in the second quarter of the year alone. read more

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