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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Five things we’ve learned from Chelsea’s financial results: FFP is no big deal but Stamford Bridge is still too small

November 13, 2014

Not only are Chelsea a table-topping team currently pulling away of all competitors, they are also rapidly becoming one of the Premier League’s best businesses. The current league leaders today revealed their financial results for the 2013/2014 season and they’re guaranteed to put a smug smile on fans’ faces. The west-Londoners revealed record [...]
Twitter share price tanks after receiving junk bond rating from Standard & Poor’s

November 13, 2014

Twitter’s share price dropped almost by almost six per cent today, after its bonds received a junk rating from Standard & Poor’s. The social media site’s bonds were slapped with a below investment level ‘BB-’ rating. Twitter issued $1.8bn worth of convertible notes in September. However, S&P said in a statement that Twitter [...]
£2bn New Covent Garden Market redevelopment includes 3,000 new homes in Nine Elms

November 13, 2014

The UK’s biggest fresh produce market is getting a makeover. Plans to upgrade the New Covent Garden Market’s 40 year old facilities and build thousands of new homes have been given the green light. More than 3,000 new homes will be built at the site in Battersea's Nine Elms regeneration zone, alongside 11.5 [...]
Sky credit rating downgraded following £7bn takeover of Sky Italia and Sky Deutschland

November 13, 2014

Sky’s long-term corporate credit rating has been cut following the completion of its £7bn takeover of Sky Italia and Sky Deutschland yesterday. Standard & Poor’s downgraded Sky’s credit rating from ‘BBB+’ to ‘BBB’ as it estimated the group would raise a “significant amount of debt to part-find the acquisitions”. The credit ratings agency [...]
Islamic State still makes “several million” dollars a week despite coalition airstrikes

November 13, 2014

Coalition airstrikes are taking their toll on the Islamic State (I.S) group's revenue streams, yet the US said today that the terrorist organisation still earns "several million" dollars per week. I.S (also referred to as ISIL) has raised a “significant amount” of money from selling oil plundered from fields in Syria and Iraq argued [...]
SeaWorld share price sinks as Blackfish documentary hits attendance

November 13, 2014

SeaWorld’s share price sunk like a stone yesterday after attendance, sales and revenue all slid in the third quarter. Shares in the American theme park company tanked around 10 per cent lower, as investors reacted to the decimating effect the critical Blackfish documentary had on sales and revenue. Although SeaWorld did not explicitly [...]
IRB Player of the Year 2014 nominations: Jonny Sexton and All Blacks’ Julian Savea and Brodie Retallick in line for rugby accolade

November 13, 2014

Jonny Sexton could have an individual award to add to his Six Nations medal, after the Ireland fly-half was nominated for the IRB Player of the Year 2014. Sexton is the only European up for the rugby union accolade, with the four other nominees coming from either South Africa or New Zealand. The [...]
ATP Prize Money: Roger Federer clears $7.1m for the year, Andy Murray earnings up to $3.3m following victory

November 11, 2014

Andy Murray saw off Milos Raonic in straight-sets tonight to keep alive his hopes of winning a first ATP World Tour Finals. The Scottish ace added a cool $155,000 (£97,377) to his bank account for the evening’s work, bringing his take from the tournament up to $310,000 and his overall on-court earnings for the [...]
YouTube secures music from Arctic Monkeys, Adele and SUBTRKT for streaming service

November 11, 2014

A YouTube music streaming service to rival Spotify now seems inevitable after the Google-owned website struck a key music licensing deal. Following a bumpy negotiation process, the video streaming site has finally reached an agreement with rights agency Merlin who represent thousands of independent music labels. According to a report in the Financial [...]
Apple’s missing iMessage headache continues as tech giant forced to face class action lawsuit

November 11, 2014

Apple has been forced to face a US federal lawsuit which claims the tech company failed to inform its customers that their messages could be blocked if they switched to Android phones. A class action lawsuit was brought against the tech giant in May by Californian Adrienne Moore, who alleged that Apple had interfered [...]

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By: Joe Hall

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