Finance & Law
Barcelona boosted by LFP verdict over Neymar deal
Spanish Liga club Barcelona has announced that the Spanish Football League (LFP) has found no evidence of any “irregular conduct” from its controversial summer signing of Brazilian superstar Neymar.
F1 supremo Ecclestone launches defence at German trial
Formula One chief executive Bernie Ecclestone today launched his defence against charges of bribing a public official as court hearings commenced in Munich that could ultimately result in the 83-year-old losing his long-held status as the motor racing series’ most powerful figure.
No bans expected under FFP sanctions – Platini
Michel Platini, president of European football’s governing body Uefa, said he does not expect clubs that breach its Financial Fair Play (FFP) rules to be banned from next season’s Champions League or Europa League club competitions.
Barcelona cleared to return to transfer market
Spanish Liga football club Barcelona will be able to strengthen its squad during the summer transfer window after Fifa elected to suspend a ban it had imposed on the Catalan giant.
Atletico Madrid and cricket icons invest in Indian Super League
The much-hyped Indian Super League (ISL) took another major step towards its launch on Sunday as the likes of Spanish Liga club Atletico Madrid, cricket legends Sachin Tendulkar (pictured) and Sourav Ganguly and Bollywood stars were confirmed as owners of the eight teams that will compete in the new football competition.
NBA’s Pacers set to remain in Indianapolis
NBA basketball franchise the Indiana Pacers are set to remain in Indianapolis after a deal worth a reported $160m (€116.1m) was agreed to keep the team in the city.
Chicago Cubs consider selling minority stakes to aid Wrigley Field project
Tom Ricketts, owner of MLB baseball outfit the Chicago Cubs, has said the franchise is considering selling minority shares in the team in order to help finance a $500m (€362.8m) renovation of its Wrigley Field ballpark.
NZRU reports healthy profit
The New Zealand Rugby Union (NZRU), the governing body of rugby union in the country, has posted a NZ$2.9m (€1.8m/$2.5m) profit for the 2013 financial year to boost its cash reserves by more than $13m to $63.7m.
Hopfner in line to take Bayern presidency
The advisory board of Bayern Munich has proposed Karl Hopfner as the new president of the German Bundesliga top-tier football club.
Bayern chief Hoeness sentenced to prison for tax evasion
Uli Hoeness, president of German Bundesliga football club Bayern Munich, has been sentenced to three-and-a-half years in prison for tax evasion.
Bayern president Hoeness admits tax evasion as court case opens
Uli Hoeness, president of German Bundesliga football club Bayern Munich, today (Monday) admitted to evading millions of euros in taxes through an undeclared Swiss bank account as his high-profile trial commenced at Munich’s state court.
Norway’s lawmakers question deal for F1 stake
Norges Bank, which manages Norway’s $850bn (€620bn) sovereign wealth fund, has been told by the country’s politicians to answer questions on its acquisition of a stake in the Formula One motor racing series in May 2012.
Ayre hails improving Liverpool’s financial results
Liverpool managing director Ian Ayre has hailed the English Premier League club’s progress off the pitch despite posting a net loss of £49.9m (€60.6m/$83.4m) for the 2012-13 financial year.
IMG-Reliance launches tender for Indian Super League franchises
IMG-Reliance, commercial and marketing partner of the All India Football Federation (AIFF), has launched a tender process for acquisition of franchises for the delayed Indian Super League (ISL) project.
Kuala Lumpur to host 2014 Laureus Awards
The 2014 Laureus World Sports Awards will take place in Kuala Lumpur, Malaysia on March 26, following the cancellation of the planned event in Rio de Janeiro, Brazil.
January shopping sets new season record for Premier League clubs
English Premier League football clubs were again the biggest spenders in the January European transfer window with their £130m (€157.4m/$213.5m) outlay helping to set a new record level of spending across the 2013-14 campaign.
Racing players boycott Copa del Rey game over unpaid wages
A quarter-final clash in Spain’s leading club cup competition, the Copa del Rey, came to an abrupt conclusion yesterday (Thursday) evening after Racing Santander footballers refused to play against Real Sociedad in protest at the non-payment of their wages.
Everton reports improving financial figures
English Premier League football club Everton has announced a net profit of £1.6m (€1.9m/$2.6m) for the 2012-13 season, with the financial results signifying a £10.7m upswing in comparison with the previous year’s figures.