By: Joe Hall

I'm a sports and sports business journalist with City A.M. Follow me for coverage of the industry behind sports and the money made by top athletes. I've provided expert commentary on sports business for both TV and radio, including the BBC World Service. My email is always open to tips and story ideas: joe.hall@cityam.com

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Bwin.party share price rises after 888 Holdings takeover bid

May 18, 2015

Shares in bwin.party soared over six per cent in early trading after rival 888 Holdings confirmed it had submitted a bid for all of bwin.party's share capital. Read more: 888 pays out as strong results give investors special dividend By contrast, 888's share price fell over five per cent, with investors seemingly not sold on its plans. 888 [...]
Mitie share price rises despite homecare and house building struggles

May 18, 2015

The figures Shares in FTSE 250-listed waste management outsourcer Mitie opened over three per cent higher at 297p this morning after it heralded a year of "significant progress" with rises in revenue, profit and earnings. In its results for the year ending 31 March, Mitie reported a 5.8 per cent rise in revenue to £2.3bn [...]
Brazil football team selection allegedly controlled by Saudi company – reports

May 17, 2015

Explosive reports in Sao Paulo newspaper Estadao suggest that selection of Brazil's national football team has been controlled by commercial partners since 2006. Documents obtained by the respected Estadao allege an agreement between the Brazilian Football Federation and Cayman Islands-registered company International Sports Events (ISE), detailing that the players selected for Brazil squads must meet certain established criteria of [...]
Wimbledon’s global appeal keeps All England Tennis Club profit growing

May 17, 2015

The All England Tennis Club (AELTC), the ultimate owner of the Wimbledon Championships, reported a 48 per cent rise in operating profit to £56.1m in the last financial year ended 31 July 2014. Unsurprisingly, the vast majority of the group's income came from the Championships which delivered turnover of £169.7m – 99 per cent of [...]
Labour leadership candidate Andy Burnham says party must adopt pro-business approach

May 17, 2015

Andy Burnham, the bookies' favourite to be next Labour leader, claims he will bring a "pro-business approach" to the party if elected. The shadow health secretary appeared on The Andrew Marr Show this morning to set his stall out as the "unifying" leadership candidate and reveal the support of Rachel Reeves, the shadow work and [...]
Corfu deaths: Thomas Cook “received £3.5m payout” for loss of profits

May 17, 2015

Thomas Cook confirmed it received compensation from the Greek hotel where two children were killed by carbon monoxide poisoning. The travel company has not revealed the amount it was paid out but according to The Mail on Sunday it received around £3.5m to cover refunds, loss of profits and other expenses following the deaths of [...]
QPR owner Tony Fernandes must implement austerity measures with £58m Football League fine approaching

May 15, 2015

Relegation is always a testing experience for any football club, but for Queens Park Rangers this season the drop comes with more uncertainty than usual. QPR are facing the prospect of a massive £58m fine from the Football League as their financial performance is deemed to be in breach of the league's financial fair play [...]
Arsenal, Chelsea and other Premier League Champions League places under threat from Juventus resurgence

May 14, 2015

England's biggest football clubs are currently enjoying an era of unprecedented financial dominance, with all 20 Premier League outfits reckoned to be among the 40 richest in the world. Spiralling revenue, driven by ever-swelling television contracts, has afforded even the most modest English top-flight teams the cash to outbid all but the most prestigious sides [...]
Chelsea FC have received over £1bn Roman Abramovich loans in 12 years

May 14, 2015

Roman Abramovich's loans to Chelsea have risen above the £1bn mark. Chelsea's billionaire Russian owner has loaned a total of £1,041,243,000 to Fordstam, the company through which he owns the Premier League champions. According to Fordstam's latest accounts for the full financial year ended 30 June 2014, Abramovich's loans to the club rose by £60m [...]
Manchester United: Ed Woodward “pleased” with Louis van Gaal as revenue rises in third quarter

May 14, 2015

Manchester United made £95m in the first three months of 2015 thanks to an increase in commercial revenue and sponsorships. The figures The Premier League giants said they were "pleased" with manager Louis van Gaal's first season in charge but expect the Dutchman to deliver trophies next season. Commercial revenues at the club jumped 11.7 [...]

Andy Burnham says he will put essential services back under ‘stronger’ public control

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By: Joe Hall

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