BOSM Chapter 7 - Sports Finance

October 2005

2005-10-04T21:53:00.000+01:00

Last updated 04 October 2005

US billionaire to invest millions in West Indian cricket.

Honda buys 100% stake in BAR F1 team. 1 and 2

Is Real Madrid the biggest money makers in football? 1 and 2

Allsports goes into administration.

Japanese golf course chain, Lone Star Funds, to float on the stock market.

September 2005

2005-09-07T21:47:00.000+01:00

Chairman of Wigan Athletic calls for football player salary cap.

English cricket’s finances explained.

Financing success – the business of US stock car racing.

Is Roman Abramovich behind the proposed takeover of Aston Villa?

Threat of F1 breakaway subsides as financial issues bite.

Russian group to buy Aston Villa? 1 and 2

Nike records massive profits rise.

FIA set to introduce F1 cost-cutting measures.

Tchibo takes bigger stake in Puma.

UK’s Channel 4 loses money on cricket coverage.

Arsenal makes record profits.

Celtic + Du Wei = Chinese bonanza?

Will West Ham United be taken over?

Aston Villa not for sale – Ray Ransom has bid turned down.

Premier League football clubs spend big in Europe.

August 2005

2005-08-20T20:26:00.000+01:00

Leicester Tigers make record profit.

Football clubs avert financial crisis.

South African cricket denies cash crisis.

Women's football season begins in disarray.

English football anticipates financial windfall as five clubs enter Champions League draw.

Melbourne Victory still awaiting financial assurances.

Anschutz Entertainment Groups sells DC United soccer team.

Puma forges ahead with improving financial results.

Leeds United finally clears its debts.

Jul05

2005-07-05T23:34:00.000+01:00

Speculation rife that Newcastle United is a takeover target. 1 and 2

Newcastle United shares rise on takeover talk.

Irish football team Coleraine face growing financial problems.

The financial cost of winning: Ajax Cape Town struggle to meet their obligations despite their success.

Italian football clubs in financial and legal trouble. 1 and 2

The extent of Italy’s football finance problems revealed.

Reebok proves to be a promising opportunity.

Football’s financial problems continue.

Small shareholders warned about formidable Glazer.

Glazer sums 'fail to add up'.

Can London make the 2012 Olympics profitable?

Lions tour in the black for the first time.

Olympic bid cities seek value for money ahead of IOC 2012 vote.

British Lions tour of New Zealand likely to make a profit.

Jun05

2005-06-13T18:17:00.000+01:00

Where now for anti-Glazer fans?

Glazer secures 98% of Manchester United.

British government to intervene in Cambridge United financial crisis.

Glazer nears almost total control of Manchester United.

Arsenal seeks to generate more match day revenue than Manchester United.

Doug Ellis’ Aston Villa set for takeover by consortium?

Sale of Wrexham FC very close.

Manchester United shares leave the British stock market.

Irish Football Association appoints a financial director for first time in its history.

Shareholders United set to continue fight against Glazer takeover.

Big English clubs tap into football’s financial bonanza.

Could this be the end of the NBA?

Glazer now has total control of Manchester United.

Asian Football Confederation moves to secure financial future.

Asian snooker championship abandoned due to lack of sponsorship funding.

Are we about to mourn the passing of football PLCs?

Glazer de-listing of Manchester United set to take place.

Glazer shareholding now so large, he can force other shareholders to sell.

Pittsburgh Penguins set to be sold?

More NFL franchise owners set to buy Premier League football clubs?

Liverpool’s defence of Champions League set to cost English football millions.

English football clubs see large surge in revenues.

Glazer family members take up seats on Manchester United board. 1 and 2

Rushden and Diamonds now owned by supporters.

Plan to prevent sports stars using Switzerland as a tax-free haven.

May05

2005-05-01T16:44:00.000+01:00

Man U fans vow to keep on fighting Glazer.

Manchester United board formally advises shareholders to accept the Glazer takeover.

Kilmarnock admit administration fears.

Birmingham City announces £8.6m profit.

Cambridge United plans exit from administration.

Glazer makes final shares offer.

Manchester United’s financial sums fail to add up.

Rugby clubs set to be judged according to balance sheet performance.

Zimbabwe’s Dynamos in financial trouble.

Ashes series set to have major financial impact on English cricket.

MLB and Florida Marlins agree deal on stadium financing.

Premier League and Malcolm Glazer to meet.

Glazer secures 75% shareholding needed to take Manchester United private.

Threats and recriminations continue as Manchester United deal moves to a conclusion. 1 and 2

Rupert Lowe confident about Southampton’s finances following relegation from the Premier League.

Glazer’s Manchester United risk assessed.

Malcolm Glazer explained.

Buyer found for Wrexham Football Club?

Manchester United fans threaten but then fail to turn up at last Premier League game of the season.

Glazer beamed in as day of reckoning finally arrives at Manchester United. 1, 2 and 3

NHL discusses new system for reporting finances.

BAR’s commercial managers count the cost of missing F1’s most glamorous race.

Glazer finally launches takeover bid for Manchester United.

Zurich Insurance rugby clubs in healthy financial state.

Financial considerations lead rugby club owners to call for an end to relegation.

Illegal car and race ban set to cost BAR dear.

Nomura Bank set to help Manchester United fans.

Norwich City fears the impact of Premier League relegation.

Cambridge United to go into administration?

Glazer set Manchester United bid date by UK Takeover Panel. 1 and 2

Apr05

2005-04-04T09:46:00.000+01:00

Manchester United takeover bid finally to come to a head?

Glazer to meet McManus and Magnier.

Glazer’s United bid signals the end of football’s PLC dream.

Publicly-quoted football clubs always at risk of takeover.

MG Rover racing teams file for bankruptcy.

Glazer considers hostile takeover bid for Manchester United.

The tangled web of English football finances.

New bidder for Wrexham?

John Nike pulls out of Bees and Tigers.

Newcastle United reveal profit increase.

Mar05

2005-03-06T13:41:00.000Z

Mixed financial news from Celtic.

Sheffield United targets property goal.

Tottenham reveal rise in profits.

Cardiff rivals fuming at PFA loan.

PFA to help Cardiff City pay wages bill.

Leeds United to drop Diadora sponsorship and return to Admiral.

Manchester United spends £500,000 fighting off Glazer.

Manchester United profits halved.

New President William D Perez brings profit rise to Nike.

Former Servette president arrested following bankruptcy of the club.

Manchester United’s financial status confirmed.

AVP Pro Beach Volleyball Tour becomes publicly quoted company.

Finance proves to be a continuing problem in Kenyan football.

Supporters make strong stand against Glazer’s Manchester United bid.

Glazer continues to stall over Manchester United bid.

West Indian women’s cricket team overcome financial problems to reach World Cup finals.

Deal for sale of Vancouver Cannucks agreed.

NHL and hockey players negotiate to save 2005-2006 season.

Zimbabwean football’s Premier League records a profit.

ITV buys 5% shareholding in Arsenal.

Borussia Dortmund set a deadline for development of a rescue plan.

Concerns grow that Glazer will inflate Manchester United ticket prices.

Sleeping giant or dead duck? Cardiff City struggles to come to terms with financial reality.

The downfall of a rugby league club: a case analysis of the London Broncos.

Feb05

2005-02-02T23:09:00.000Z

Cost of constructing new Wembley hits stadium owners.

A further dissection of the commercial appeal (and otherwise) of Manchester United.

Mandaric moves Portsmouth back into the black.

Borussia Dortmund set to be saved.

Commentator believes Glazer threat is no worse than that posed in the past by previous owner of Manchester United.

Borussia Dortmund in deep trouble!

Debt burden thwarts London Broncos bid to acquire new playing talent.

Manchester United remain at top of list of world’s richest football clubs.

Borussia Dortmund in severe financial difficulty.

Entrepreneurs step in to secure Barcelona’s recovery.

Manchester United fans appeal to Vodafone, Nike and Ladbrokes in bid to thwart Glazer.

In times of financial hardship – Scottish football struggles to cope.

Manier and McManus also stand in way as Glazer bid moves closer.

Montreal world swimming event reinstated.

Malcolm Glazer to be allowed to look at Manchester United’s books. 1 and 2

UK hockey in trouble following funding cut.

A short history of the Glazer/Manchester United saga.
[Let us know when you're ready for the revision test! Eds.]

What can Tampa Bay Bucaneer's fans tell Manchester United about Glazer?

What should we make of Chelsea's dash for success?

F1 cost cutting measures under threat as teams reject their effectiveness.

Will Glazer be the downfall of Manchester United?

Is this really it this time? Manchester United share price rises on talk of renewed Glazer offer. 1 and 2

Secure your future in football: sell your ground.

Glazer: the FINAL frontier? 1, 2 and 3

17 times Swiss champions Servette FC declared bankrupt.
Georgia's FC Tbilisi on the brink of collapse.

Is Glazer trying to get away from Manchester United?

Vladimir Romanov takes control of Hearts.

Chelsea get their finances in order.

Jan05

2005-01-06T09:25:00.000Z

Czech football team Bohemians disappears following cash problems.

Pakistan Cricket Board auditors to release report following worrying allegations.

Chelsea post a loss but decide to adhere to commercial principles. 1 and 2

Finances of Scottish rugby’s administrators prove to be a cause for concern.

An investigation into the finances of the NFL Super Bowl.

The money-making machine that is the US NFL.

Complex financing of Arsenal’s new stadium creates financial problems for UK’s leading commercial broadcaster.

Glazer back – again – with bid for Manchester United.

Can small town professional sports teams survive?

Cost of hosting the Olympics adversely affects a city’s credit rating.

Madrid and Moscow bids for 2012 Olympic Games are adjudged to be a major financial risk.

Leeds United announce take-over by former Chelsea owner Ken Bates.

World swimming authorities asked to re-examine their finances.

Montreal loses right to stage 2005 world swimming championships due to financing problems. 1 and 2

Manchester United’s David Gill to make donation to group challenging Glazer takeover.

Yet another takeover bid beckons for Leeds United.

US Basketball League instigates aggressive investor awareness programme.

Phil Knight begins to sell off part of his Nike holdings.

Manchester United official moves to prevent another move by Glazer.

Chelsea’s Abramovich reported to have run into trouble.

Leeds United pays more than any other club to football agents.

Poor teams can succeed against rich teams! 1 and 2

Sale of Tynecastle football ground is blocked.

Irregular financial dealings hit Kenyan hockey.

Ceder Hills golf course struggles to break even.

New York Yankees face uncertain financial future.

New England Patriots owners, the Kraft family, move to buy into Liverpool FC.

Philippines government offers tax benefits to sponsors of 2005 Southeast Asian Games.

Sunderland Football Club subject to takeover bid.

Dec04

2004-12-01T09:33:00.000Z

Yankees owe New York nearly $3.6m.

Bradford City to show solidarity with Wrexham.

New record NFL deal - $130m.

Nintendo increases its stake in Seattle Mariners.

MLB salaries go down!

Morgan abandons his bid for Liverpool.

Glazer reconsiders.

Man Utd gives Glazer an ultimatum to make offer.

African football champs Enyimba to float on Nigerian stock exchange.

Sport and the art of the hostile takeover.

Administrators put BAR F1 team up for sale.

The strange case of Botswanan football.

Financial agreement reached as parties finally secure future of British Grand Prix.

Wrexham Football Club receive 10 point penalty for going into administration.

Heart of Midlothian’s prospective Lithuanian buyer puts deal for the club on hold.

Nike’s banned Chinese advertisement reveals something about the company’s strategy.

Everton Football Club gives new investors extra time to come up with additional funds.

NBA owner to use hedge fund for wagering on sport.

Morgan puts pressure on Liverpool to accept to takeover bid.

Wrexham FC goes into administration.

Arab investor emerges as rival to Glazer?

Arsenal to consider full stock market listing to fund stadium development.

Leeds United dismiss continuing Sainsbury bid for the club.

Nov04

2004-11-01T11:03:00.000Z

Glazer - the final word?

Money 1, Ethics 0 - the result of England’s cricket tour to Zimbabwe?

Glazer biding his time in move for Manchester United?

Welsh Millennium Stadium agrees debt restructuring.

‘State of the Game’ report concludes that English football must do better.

Alex Ferguson comes out against Glazer’s proposed takeover of Manchester United.

Manchester United to start speaking with Glazer?

Glazer stages coup as board Manchester United board members ousted.

Leeds United forced to sell ground as Sainsbury deal collapses.

United call for Takeover Panel intervention following Glazer’s bid.

Manchester United fears as Glazer comes back again.

Chelsea look for independence from Abramovich.

Glazer back again for Manchester United with yet another new plan.

Football clubs continue trend for de-listing from the London Stock Exchange.

Deutsche Bank cuts ties with Malcolm Glazer.

Wrexham to call in the administrators.

"A nasty turn in the struggle for control at Manchester United”.

BMW urges Ferrari to accept F1 cost cuts.

Sainsbury bid to take over Leeds United set to fail?

Glazer now faces fresh rivalry in race for Manchester United.

Profile of Sebastian Sainsbury and his takeover of Leeds United.

NASCAR financing comes under scrutiny.

Sainsbury takeover of Leeds United almost complete.

Download the UK's All Party Parliamentary Football Group Report on 'English Football and its Finances'.

Shareholders United call in legal team to fight Glazer.

Anti-Glazer football fans take direct action.

Leeds United meet to talk with potential investors.

Glazer pursues Manchester United....can they resist?

Glazer "offers sweetner" in attempts to take control of Manchester United.

French Rugby Union authorities set budget to win World Cup in 2007.

Arsenal expresses interest in stock market flotation.

More from the ongoing Leeds United takeover story.

Arsenal to consider full listing on the London Stock Exchange?

Glazer adopts different approach in continuing quest for Manchester United.

Manchester United agree to work with supporters as defence against takeover.

Sainsbury and Leeds United failing to resolve differences.

Wrexham Football Club has bank account frozen amidst continuing financial problems.

Oct04

2004-10-01T21:48:00.000+01:00

Manchester United supporters attempt to stave off takeover threat posed by prospective buyers.

Financial losses cause problems as NHL lockout starts to bite.

Leeds United unconvinced by takeover talk.

Leeds United the subject of renewed takeover speculation.

Glazer seeks debt in quest for acquisition of Manchester United.

Fortune questions Manchester United's motives in its dealing with Glazer.

Today's daily dose - Manchester United refuse to play ball with Glazer.

F1 chief demands cost-cutting measures in order to improve the sport.

Manchester United rejects Glazer's advances.

New investors emerge at Leeds United?

Speculation grows that Glazer will try to buy Manchester United outright.

Direct supporter actions hits Manchester United's commercial operations.

Barclays Bank becomes biggest Adidas shareholder.

Manchester United takeover battle takes on new urgency with possible emergence of Malaysian investor.

Nomura to be hired in attempt to stop potential takeover of Manchester United?

Lithuanian millionaire attempts to buy stake in Scottish football club

Scottish mining tycoon central to success of Glazer bid for Manchester United?

Never ending story - Glazer's share holding in United up almost to 30%.

Reuters profiles the major players in the Manchester United share battle.

....and so the Glazer saga goes on. Manchester United remains a target for US investor.

Glazer goes for United shares again.

Glazer's share in Manchester United now up to more than 25%.

See the Not For Sale website run by Manchester United fans.

Glazer increases stake in Manchester United despite claims his takeover bid has failed.

Leeds United to sell their ground?

The role of Cubic Expression and more on the end of Glazer's bid for Manchester United.

Malcolm Glazer's bid for Manchester United finally comes to an end.

Fulham set for takeover bid?

End of the road for Glazer?

A useful story to accompany the chapter case on Italian football.

Shareholders United responds to the Glazer takeover threat.

The Manchester United takeover: news of the fans, rival shareholders and rival bidders' responses.

Sport falls out of love with the stock market.

What it costs to set up and run a Formula One team.

A rival to Malcolm Glazer emerges in the chase for Manchester United.

The long running saga of Malcolm Glazer's potential purchase of Manchester United resurfaces yet again. Details can be found in various places including 1, 2 and 3.

Sep04

2004-09-01T21:44:00.000+01:00

For news of the financial fortunes of Leeds United, see this AccountancyAge report (March 2004). Use the search function for current information, inputting Leeds United.

Details have been announced about the income generated by the Euro
2004 football championships.