Despite the one-sided nature of last winter’s Ashes tour, the visit of the England cricket team provided a £133m boost to the Australian economy according to a report commissioned by Cricket Australia.
According to the Economic Impact Study, more than 813,000 tickets were sold for the Tests and one-day matches, and 37,000 overseas tourists visited Australia during the series. The tourism boost also led to the creation of 793 jobs.
The study also showed that each tourist stayed for around 30 days and spent almost £4,400.
Deloitte’s annual review of football finances has predicted that wages in the FA
Premier League will total more than £1bn for the first time next season.
The report revealed that salaries and bonuses would increase next season in
line with the FA Premier League’s new £1.7bn TV rights contract which begins in
The latest report, which monitors revenues across the top flight for the
2005/06 season, saw wages rise 9% to £854m.
Mike Ashley, the billionaire owner of the Sports Direct retail group, has
unveiled a £133.1m offer to takeover FA Premier League club Newcastle United.
Ashley, who floated his company earlier his year pocketing more than £900m in
the process, has already bought a 41.6% stake in the club from majority
stakeholder Sir John Hall for more than £55m.
Under stock exchange rules, Ashley's company now has to make a cash offer for
the remaining shares – including a stake of around 29.8% belonging to chairman
According to a new report, the economic impact of hosting the America’s Cup
sailing event could reach as high as $10bn for the winners of the 32nd edition
of the competition.
With the winners of the America’s Cup also handed the right to host the next
edition of the race, the economic benefit of being a host has risen to record
FIFA are to wade in to the row between the Premier League clubs, the league and West Ham over the registration of Carlos Tevez.
The world governing body president Sepp Blatter has stated that he is ‘monitoring the situation very carefully’ and will intervene should it prove that the league has been too lenient.
West Ham were fined £5.5m for irregularities over the signing of Carlos Tevez and Javier Mascherano but they escaped a points deduction.
However FIFA has said that it is not re-examining the evidence with the aim of testing the Premier League's ruling.
Floyd Mayweather’s victory over rival boxer Oscar de la Hoya at the weekend
lived up to its hype grossing £60m, making it the richest fight in boxing
The super welterweight bout, staged in Las Vegas, beat the previous biggest
bounty of £56m from the 2002 fight between Mike Tyson and Lennox Lewis.
Despite losing, it is believed that De La Hoya earned £22.5m from the fight
while his conqueror Mayweather pocketed an estimated £20m.
The fight also attracted a record number of pay-per-view purchases with 2.15m
people buying into the TV coverage.
Adidas’ net income dropped to €128m in its latest set of financial figures but
the sport goods giant is ahead of market predictions as it looks to build up its
recently acquired Reebok brand.
With the company’s net income fell 11% from a year earlier - where its
figures were inflated due to the impending football World Cup - sales increased
by 3% to €2.54bn with Reebok making its first market gain since it was acquired
by Adidas in 2005.
Despite being relegated from the Barclays Premiership to the Coca-Cola
Championship, Charlton Athletic is set to receive a lucrative takeover bid.
According to media speculation, a bid for the club is being put together by a
group of Middle Eastern and continental businessmen who had previously been
linked with a bid for Liverpool.
The FA Premier League is facing a major backlash over its decision to fine West
Ham £5.5m for fielding ineligible players after Wigan chairman Dave Whelan
threatened to sue over what he views to be a lightweight punishment.
Following on the legal threat implicated by former West Ham chief executive
Paul Aldridge who believes his professional reputation was ‘besmirched’ by the
decision, Wigan’s Whelan is adamant that the league should have docked West Ham
points and issued a more sizeable fine.
A Deloitte report has put the cash windfall from promotion to the FA Premier
League at £60m each for the three successful clubs coming into football’s top
The report states that the three promoted teams for the 2007/08 season, which
already include Birmingham and Sunderland, are guaranteed a minimum of £35m in
extra revenue from the money the Premiership derives from TV and sponsorship
Even if relegated after only one season, the teams will also be guaranteed an
additional £20m in parachute payments.
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