The Business of Sports Management
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The Business of Sports Management
A Sports Management news resource designed to support the book The Business of Sport Management, eds. John Beech and Simon Chadwick, Pearson Education. Regularly updated with news from the world of Sports Management.. See also http://tinyurl.com/TBOEM for Events Management news, including, for example, the FIFA World Cups.  Using the TAGS below is strongly recommended.
Curated by John Beech
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French police probe Red Star 6-1 loss to PSG for alleged match-fixing

French police probe Red Star 6-1 loss to PSG for alleged match-fixing | The Business of Sports Management | Scoop.it
By Andrew Warshaw
October 15 – French authorities have confirmed they are investigating potentially one of the most damaging and high-profile allegations of match-fixing to hit the European game.
The claims concern Red Star Belgrade’s 6-1 Champions League defeat at the hands of Paris St. Germain on October 3 and specifically that a Red Star official, via accomplices, was suspected of placing a bet of almost €5 million for the Serbian club to lose by five goals. Read more …
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Roma report €250m record revenues, but losses of €25m and debt rising to €218m

Roma report €250m record revenues, but losses of €25m and debt rising to €218m | The Business of Sports Management | Scoop.it
October 12 – AS Roma has reported draft financial statements for last season showing a record revenue of €250.87 million and a reduction in losses to €25 million, compared to the €42 million the previous year.
The revenue jump for the ambitious Serie A club came in what was a good year in terms of performance with Roma earning €98.4 million as they made it through to the semi-finals, compared to the €32.2 million of the previous season when they reached the last 16. Read more …
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FIFA launches global plan to boost women’s competitions and participation to 60 million

FIFA launches global plan to boost women’s competitions and participation to 60 million | The Business of Sports Management | Scoop.it
October 10 – FIFA has launched a major initiative to expand the women’s game worldwide with the unveiling of the governing body’s first-ever ‘global strategy’ for the women’s game, with the aim of creating an international women’s club competition and doubling the participation of women in the game to 60 million by 2026. 
With next year’s flagship Women’s World Cup in France approaching rapidly and Uruguay staging the U-17 Women’s World Cup in November, Read more …
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SPFL sets up new overseas TV deal with Qatar-based beIN SPORTS

SPFL sets up new overseas TV deal with Qatar-based beIN SPORTS | The Business of Sports Management | Scoop.it
The Scottish Professional Football League announces a new overseas broadcast agreement with Qatar-based beIN SPORTS.
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NBA League Pass: Fans to be able to buy access to live fourth quarter action

NBA League Pass: Fans to be able to buy access to live fourth quarter action | The Business of Sports Management | Scoop.it
NBA fans will be able to purchase the last quarter of games for just $1.99 (£1.52) through the new League Pass.
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Fifa agrees to limit loan deals and re-introduce agent regulation

Fifa agrees to limit loan deals and re-introduce agent regulation | The Business of Sports Management | Scoop.it
Fifa agrees to limit the number of players a club can loan out each season to prevent stockpiling talent for "commercial exploitation".
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Fans polled on request not to sell shares to Rangers chairman over court-ordered takeover offer

Fans polled on request not to sell shares to Rangers chairman over court-ordered takeover offer | The Business of Sports Management | Scoop.it
A FAN group that became one of Rangers' biggest shareholders is polling members on a request not to sell their shares to Ibrox chairman Dave King as…
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Celtic’s domestic dominance pushes revenue past £100m with £27m of cash in the bank

Celtic’s domestic dominance pushes revenue past £100m with £27m of cash in the bank | The Business of Sports Management | Scoop.it
By Paul Nicholson
September 21 – Scottish Double Treble winners Celtic have announced record revenue of £101.6 million, an £11 million improvement on the previous year and a doubling of profit to £17.3 million before tax.
The financial results for the year ended 30 June 2018, also show player sales income of £16.5 million, against an outlay of £16.5 million.
In what is a classic case of understatement, Read more …
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Sierra Leone faces ban from global football

Sierra Leone faces ban from global football | The Business of Sports Management | Scoop.it
Sierra Leone has been warned by FIFA that it risks an international ban following the decision to overturn the leadership of the football association.
On Tuesday, the Anti-Corruptio
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Credit Suisse failed to rigorously check FIFA account holders, says Swiss regulator

Credit Suisse failed to rigorously check FIFA account holders, says Swiss regulator | The Business of Sports Management | Scoop.it
September 18 – Swiss bank Credit Suisse showed serious deficiencies in its efforts to combat money laundering when dealing with several organisations including FIFA and two international oil firms, according to the country’s financial watchdog.
Swiss regulator FINMA announced the findings following an investigation that looked at Credit Suisse’s conduct from 2006 to 2016.
In a statement, Credit Suisse acknowledged FINMA’s findings but stressed that most of the purported missteps occurred before 2014 and that the bank has since taken measures to beef up its compliance systems. Read more …
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Premiership: Majority share deal 'not a preferred option' despite investment interest

Premiership: Majority share deal 'not a preferred option' despite investment interest | The Business of Sports Management | Scoop.it
Member clubs unanimously agree the £275m sale of a majority share in the Premiership is "not a preferred option".
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UEFA confirms plans to add THIRD European club competition from 2021

UEFA confirms plans to add THIRD European club competition from 2021 | The Business of Sports Management | Scoop.it
UEFA has made little secret of the fact that it has been looking at ways to raise the Europa League's profile while also giving more clubs a shot at European competition.
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European club football shows profit for first time in 10 years: UEFA

European club football shows profit for first time in 10 years: UEFA | The Business of Sports Management | Scoop.it
European Club football has shown overall combined profit for the first time in 10 years. The governing body for football in Europe
John Beech's insight:

 

See also http://www.insideworldfootball.com/2018/09/10/european-clubs-show-e600m-profit-revenue-e20-1bn/ 

and

https://theworldgame.sbs.com.au/european-top-flight-football-profitable-for-first-time-on-record

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Golf club vote makes £65m Wimbledon expansion more likely

Golf club vote makes £65m Wimbledon expansion more likely | The Business of Sports Management | Scoop.it
The All England Lawn Tennis Club – operator of the Wimbledon grand slam – moved a step closer to tripling the size of its ground after members of a nearby golf course agreed to hold a vote on whether to sell their land to the championships.
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Belgian police keep nine in custody as second division suspended and investigation deepens

Belgian police keep nine in custody as second division suspended and investigation deepens | The Business of Sports Management | Scoop.it
By Samindra Kunti
October 12 – Nine people remain in police custody in the Belgian corruption and match-fixing investigation following raids across the country on Wednesday. The charges range from criminal organisation to money laundering. Meanwhile all second division matches have been postponed this weekend. 
Agent Dragan Siljanoski, agent Mogi Bayat, Laurent Denis, agent Dejan Veljkovic, Veljkovic’s wife , agent Karim Mejjati, referee Bart Vertenten and KV Mechelen board members Olivier Somers and Thierry Steemans have not been released by Belgian authorities as the scandal rumbles on. Read more …
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NHL Could Gain $216m Annually Through Legalised Sports Betting

NHL Could Gain $216m Annually Through Legalised Sports Betting | The Business of Sports Management | Scoop.it
The National Hockey League’s (NHL) annual revenue could increase by $216m (£166.08m) each year due to legalised, regulated sports betting. That’s according to a new study by global research company, Nielsen Sports, commissioned by the American Gaming Association (AGA). The findings examine revenue streams that legitimate sports betting could generateThis content is only available to iSportconnect community members. If you are an existing user please login. New users are invited to register here register.
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beIN launches $1bn claim again Saudis for IP theft as Qatar state goes to WTO for help

beIN launches $1bn claim again Saudis for IP theft as Qatar state goes to WTO for help | The Business of Sports Management | Scoop.it
By Paul Nicholson
October 1 – Saudi Arabia has been hit with a two-pronged billion dollar offensive from broadcaster beIN and the Qatar state over the on-going copyright theft of pirate broadcaster beoutQ. A consortium of rights holders including FIFA and the Premier League are expected to follow suit in the coming days as the Saudis rapidly turn themselves into the pariahs of the sports rights business.
beIN is claiming damages in excess of $1 billion and is seeking full compensation via an investment arbitration under the OIC (Organisation of the Islamic Conference) agreement that protects and guarantees investments among member states. Read more …
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Bundesliga fans protest ticket prices with silence

Bundesliga fans protest ticket prices with silence | The Business of Sports Management | Scoop.it
Bundesliga fans collectively remained silent for up to 20 minutes to protest increased ticket prices and other issues. The German league’s supporters have also been unhappy with inconvenient kick-off times and the general commercialisation of the game. Werder Bremen fans engaged in the “atmosphere boycott” by remaining silent for a total of 18 minute
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Fifa spent £9m on private jets over three-year period, CAS case shows

Fifa spent £9m on private jets over three-year period, CAS case shows | The Business of Sports Management | Scoop.it
Fifa spent almost £9m on private jets in less than three years, which included a sightseeing trip to the Taj Mahal, newly-published legal documents have shown. Former Fifa secretary general Jerome Valcke was urged in a 2013 internal memo to find “more cost efficient alternatives whenever possible” as the governing body revealed $11.7m (£8.9m) had been spent on private jets between January 2011 and September 2013.
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Russia warned by IAAF and IPC bans will not automatically be lifted following WADA decision to make them compliant

Russia warned by IAAF and IPC bans will not automatically be lifted following WADA decision to make them compliant | The Business of Sports Management | Scoop.it

Russia have been warned by the International Association of Athletics Federations (IAAF) and International Paralympic Committee (IPC) not to expect th...

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FIFA Ethics issues three life bans but questions raised over right to issue fines

FIFA Ethics issues three life bans but questions raised over right to issue fines | The Business of Sports Management | Scoop.it
By Paul Nicholson
September 20 – FIFA’s ethics committee has imposed life bans on three individuals who pleaded guilty in the FifaGate corruption scandal. FIFA has also slapped $1.03 million fines on each of them, though their claim of jurisdiction for the fines looks to be on shaky ground and incomplete (if not fabricated) information.
Marketing executive Aaron Davidson, Costas Takkas, a British aide to disgraced former FIFA vice president Jeffrey Webb, Read more …
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Russia reinstated by Wada after doping scandal suspension

Russia reinstated by Wada after doping scandal suspension | The Business of Sports Management | Scoop.it
A decision to lift the suspension of Russia's anti-doping agency (Rusada) is labelled "the greatest treachery" of clean athletes.
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Juventus Reveal That Their Debts Have Doubled This Year

Juventus Reveal That Their Debts Have Doubled This Year | The Business of Sports Management | Scoop.it
Italian champions Juventus revealed Thursday that debts almost doubled during the past financial yea
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Hampden v Murrayfield: Scottish FA opts to keep games in Glasgow

Hampden v Murrayfield: Scottish FA opts to keep games in Glasgow | The Business of Sports Management | Scoop.it
The Scottish FA will be staying at Hampden after agreeing to buy the national stadium from Queen's Park.
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Belgian ruling raises questions over football bodies’ ability to insist disputes go to CAS

Belgian ruling raises questions over football bodies’ ability to insist disputes go to CAS | The Business of Sports Management | Scoop.it
By David Owen
September 10 – The Court of Arbitration for Sport (CAS)’s uncontested jurisdiction over sporting disputes appears to have been put in question by a ruling handed down by a Brussels Court of Appeal.
According to the AS website, the ruling holds that the “enforced arbitration” of CAS is illegal. It considers that arbitration rules in the statutes of FIFA and UEFA, which insist on disputes being heard exclusively by CAS, Read more …
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