Barcelona downgraded by credit ratings agency amid Spotify Camp Nou delays Sport Business Credit ratings agency Morningstar DBRS has downgraded the outlook for FC Barcelona due to delays in rebuilding their stadium, Spotify Camp Nou. The agency kept Barcelona’s main credit rating at BBB but changed their projections from “Positive” to “Stable”. The Spanish champions have faced repeated delays in reopening their revamped home, which will have a [...]
Barcelona credit rating rises from stable to positive Sport Business Barcelona today boasted of an upgrade in their credit rating, with the LaLiga champions seeing their status move from “stable” to “positive”. An assessment from agency Morningstar DBRS has upgraded the Catalan club’s credit rating despite Barcelona facing recent financial difficulties, in which they were fined over £400,000 for breaching Uefa rules in 2023. The [...]
Dazn’s French football row ‘a warning signal’ for other leagues Sport Business European football leagues have been warned off selling their media rights to sports streaming platform Dazn by credit rating agency Morningstar DBRS. It comes amid a legal row between Dazn and French football chiefs over the rights to Ligue 1 due to lower than expected take-up of its subscriptions from consumers. Morningstar DBRS said partnering [...]
Credit ratings agency tips more top football clubs to ‘do a Tottenham’ December 10, 2024 More European football clubs will follow Tottenham Hotspur’s lead by investing in stadiums as broadcast revenues plateau, credit ratings agency Morningstar DBRS has forecast. After decades of strong growth, most top leagues have seen a fall or only marginal increases in the value of their TV contracts – the source of the majority of their [...]
Hurricane Milton: Global insurance industry bracing for colossal losses October 10, 2024 As Hurricane Milton, a category three storm rips through the central west coast of Florida, the global insurance industry is bracing for losses of up to $100bn