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.
Paul Aldridge, the former chief executive of West Ham United, is likely to take legal action over allegations against his professional reputation after the Premier League fined his former employers £5.5m for breaching transfer regulations.
Aldridge says his reputation has been "besmirched" by the inquiry into the transfers of Argentine players Carlos Tevez and Javier Mascherano which led to the FAPL handing out the large fine last week.
Former Thai Prime Minister Thaksin Shinawatra is the latest name to be linked
with a takeover bid for Manchester City.
Thaksin, who made an unsuccessful bid to buy Liverpool three years ago, has
been granted access to the club's accounts and his advisers will carry out due
diligence before reporting their findings to him.
Thaksin is believed to be preparing a £100m bid for the club which will
outstrip that tabled by rival and former City player Ray Ranson last week.
After 128 years of football heritage, Scarborough lost its football
club this week following a High Court winding up order. This latest example of
the negative impact of football's obsession with commercial gain had a
particular resonance in the Sport Industry Group office as Drew Barrand, head of
It’s like being kicked in the balls…only the pain doesn’t subside after a
couple of minutes.
Fans are suspicious of the influx of foreign investors targeting
British football clubs in recent months. Drew Barrand, head of media at Sport
Industry Group, explains why these fears are unfounded...
If we didn’t know it before then we certainly do now. British sports
fans have an ever so slightly unattractive xenophobic streak running through
Finding yourself pulled into the negative opinions forming around the
preparations for London 2012? Nick Keller, chairman of the Sport Industry Group,
explains why now is not the time to lose faith in the benefits the Olympics will
'I, for one, am sick to death of Olympic bashing. The seemingly intrinsic
British media trait of looking for the worst in everything has once again raised
its ugly head this week as Culture Secretary Tessa Jowell announced to the House
of Commons that the construction budget for the 2012 site had increased by
The Sport Industry Daily
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