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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Newcastle United owner Mike Ashley to raise £117m from Sports Direct share sale

January 20, 2015

Goldman Sachs is selling up to 15.4m ordinary shares in sports retailer Sports Direct on behalf of founder and deputy executive Mike Ashley. In a statement the investment bank said it would immediately start selling the shares by way of an accelerated bookbuild to institutional investors. At today’s closing price of 751p per [...]
Deloitte: Facebook added $6.6bn to the UK economy in 2014

January 20, 2015

Facebook added $227bn (£149bn) to the global economy in 2014, according to a Deloitte and Touche report commissioned by the social media giant. Although Facebook only generated revenue of $12bn (£7.9bn) in the financial year, the report calculates all the economic activity “enabled” by the social media platform. These include businesses with pages [...]
Club Nintendo ditched for new membership scheme

January 20, 2015

Nintendo is bringing its popular Club Nintendo reward membership scheme to an end after more than six years. The Japanese video gaming giant will begin to phase out its customer loyalty programme in a staggered process to prepare for a new reward scheme next year. Club Nintendo is free to join, offering users [...]
Rangers: Mike Ashley ally Sandy Easdale increases stake

January 20, 2015

Sandy Easdale, chairman of the Rangers football board, has increased his stake in the company to 6.45 per cent. The businessman now owns a total of 5.3m ordinary shares in Rangers International Football Club after purchasing just over 1m at a price of 1p per ordinary share on Friday. Easdale also has the [...]
David Ginola is being paid £250,000 by Paddy Power to stand for Fifa president

January 16, 2015

David Ginola is being paid £250,000 by bookmakers Paddy Power to stand in the Fifa presidency elections next year. The former Tottenham, Newcastle and Aston Villa star, known for his long locks and shampoo commercials, shocked the football world last night when he revealed his intention to stand against Blatter. Ginola launched [...]
Call of Duty Advanced Warfare was the best-selling game of 2014

January 16, 2015

The $10bn Call of Duty franchise continued to deliver the goods in 2014. Call of Duty Advanced Warfare, the 11th console installment in the franchise, has been named the best-selling game of 2014 in the US. What’s more, Call of Duty: Ghosts – released in November 2013 to lukewarm reviews – was still the [...]
JD Sports share price soars with retailer predicting big profits

January 16, 2015

The Christmas season may already feel like a distant memory for most, but at JD Sports the festivities are still in full swing. The UK sports retailer’s share price soared seven per cent in early morning trading after the company increased its profit guidance for the year. JD Sports told investors to expect [...]
Oscar Nominations 2015: Best picture nominees are worst performing at box office for 28 years

January 15, 2015

Look at the previous winners of the Academy Award for Best Picture and you’ll find a long list of box office sensations like Titanic and Forrest Gump, and big, broad canvas epics like Gladiator or Ben-Hur. Look at the nominees for this year's award however, and you’ll find an eclectic collection of independent-minded and [...]
Leonardo DiCaprio, Robert DeNiro and Martin Scorsese star in £46m ad for Chinese casino

January 15, 2015

Leonardo DiCaprio, Brad Pitt and Robert DeNiro earned $13m (£8.6m) for the film above. Or, rather, the extended version. All three feature in the “The Audition”, a short film directed by Martin Scorsese, written by “Boardwalk Empire” creator Terence Winter and with an incredible production budget of $70m (£46m). With a [...]
Mike Ashley offers Rangers £10m loan in return for securities on Ibrox

January 15, 2015

Mike Ashley appears to have offered flailing Rangers a life-line, but in order to accept the Scottish club's board will have to renege on promises previously made to fans. The Newcastle United owner is ready to provide a £10m loan to the club, but in return will want securities on its Ibrox stadium and [...]

The Capitalist: Warning – this is an April Fool’s joke! Haha!

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By: Joe Hall

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