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Finance and Economics

Latest Finance and Economics News
Premier League revenues near £2bn
The Premier League saw its revenues soar by 26% in the 2007/08 season to nearly £2bn ($3.15bn; 2.2bn euros), a report into football finances has said.

The revenues of top-flight English sides were £1.93bn, up from £1.5bn a year earlier, Deloitte said.

Despite the downturn, 11 of the 20 top league clubs made an operating profit in 2007/08, from eight a year before.

But Premier League salary costs topped £1bn for the first time, and the clubs' total net debt was £3.1bn.

Two-thirds of the debt was carried by the big four of Mancheste...  More >
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FIFA nets $184M profit in 2008

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Billionaire begins Portsmouth due diligence

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Premier League clubs' debts reach £3.1bn

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Sochi 2014 Confirms Ability to Self-finance in 2009-10

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Deal set to sell NHL Panthers for $240 million

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Premier League Set to Increase Overseas Broadcast Revenue

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RIM CEO wins U.S. antitrust ok, files to move Coyotes

 
Other Finance and Economics News
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Lalit Modi clarifies on window for IPL, Champions League
03/06/2009

The IPL (Indian Premier League) commissioner Lalit Modi has given clarification on the issue of asking for a window for the IPL and the Champions League in the futures tour pr...More>
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Setanta defaults on £3m SPL payment
02/06/2009

Fears intensified for the future of Setanta last night as it emerged it has defaulted on a payment to the Scottish Premier League. Sources north of the border have confirmed a...More>
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Golf provides $5.3 billion economic boon to N. Carolina, says report
02/06/2009

A new study confirms the golf industry's role as a major economic driver in North Carolina, contributing a $5.3 billion annual economic benefit to the state. With more tha...More>
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IPL commissioner Lalit Modi's charity under microscope
02/06/2009

Lalit Modi was at Lord's yesterday to launch the charitable British Asian Cup but the Indian Premier League commissioner's previous commitments to good causes are the subject ...More>
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Organisers cancel cash-strapped Russian Open
02/06/2009

The Russian Open has been cancelled this year because of the global financial crisis, the event organiser said on Monday. "Unfortunately, we had to cancel the tournament (s...More>
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Omani consortium interested in Newcastle takeover
02/06/2009

As an Omani consortium eyes Newcastle United, Alan Shearer's future remains opaque. Talks continue between the club and their former striker over whether he will become their ...More>
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Blatter faces quandary over foreign player quota plan
02/06/2009

FIFA president Sepp Blatter faces a tricky tactical decision over whether to push forward with his radical plan to restrict club teams to five foreign players. Blatter has ...More>
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U.S. Masters to donate more than $3 million in 2009
02/06/2009

Organizers of the U.S. Masters in Augusta, Georgia, the first of the year's four majors, plan to make charitable donations of around $3.4 million following the 2009 edition. ...More>
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New concerns over Portsmouth bidder
01/06/2009

Sulaiman Al Fahim launched his bid for Portsmouth last week amid investor concerns about the viability of his Dubai property project. Hydra Village, the flagship 2500-villa de...More>
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Ferrari adamant F1 will have no budget cap
01/06/2009

Ferrari's decision to sign up conditionally for next year's Formula One championship does not imply any eventual acceptance of a budget cap, team boss Stefano Domenicali said ...More>
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Ashley wants quick Newcastle sale
01/06/2009

Newcastle owner Mike Ashley has put the club up for sale again after saying sorry to fans for the mistakes that cost them relegation. Ashley, who bought Newcastle in 2007 f...More>
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Teams submit F1 entries for 2010
29/05/2009

Ferrari and the rest of the teams in the Formula One Teams' Association (Fota) have submitted conditional entries for the 2010 championship. Williams announced on Monday th...More>
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Champions League Will Give MasterCard ‘Lift,’ Executive Says
29/05/2009

MasterCard Inc. will get a “significant lift” from its sponsorship of soccer’s Champions League when the competition’s final moves to the weekend next season, according to Pau...More>
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Toyota's Fuji circuit may pull plug on Japanese GP
29/05/2009

Toyota's Fuji Speedway circuit is considering giving up next year's Formula One Japanese Grand Prix to cut costs. A spokesman for the world's biggest carmaker Toyota said F...More>
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