BMW PGA Championship prize money: Over £600,000 earnings boost on offer to winner but Wentworth has slipped in prize money rankings May 26, 2016 Traditionally known as the flagship event of the European Tour, the BMW PGA Championship is no longer the tournament targeted for a bank balance boost by golf's elite. Masters champion Danny Willett is playing at Wentworth but big names including Rory McIlroy, Louis Oosthuizen, Ian Poulter and Henrik Stenson have opted not to enter this year. One factor could [...]
Tottenham chairman Daniel Levy named the highest paid director in the Premier League last season May 26, 2016 Tottenham chairman Daniel Levy has been named the highest paid director in the Premier League last season in an analysis of all 20 teams' accounts. Financial reports for the 2014/15 season have been disclosed by every team in last season's competition, revealing the 54-year-old was paid £2.6m by the club as Spurs finished fifth in [...]
Manchester United named most valuable club in the world but must win trophies with Jose Mourinho to stay at the top May 26, 2016 Manchester United have been named the joint-most valuable football club in the world, but have been warned that incoming manager Jose Mourinho will need to improve results if they want to remain top of the pile. Both United and Real Madrid are estimated to be worth £2.1bn in a report published today by accountancy giant KPMG [...]
The fall-out of Manchester United and Jose Mourinho image rights negotiations could be worth millions as Chelsea own former manager’s trademark May 26, 2016 One of the stumbling blocks that has appeared to be holding up Jose Mourinho's expected appointment by Manchester United has been a conflict over the ownership of the former Chelsea manager’s so-called image rights. This comes as no surprise when you consider the potential costs to United should they have no control over the Special One's lucrative image rights. In particular, [...]
Champions Leicester only received fifth-highest Premier League prize money payment May 24, 2016 Leicester may have taken the plaudits and the silverware but Arsenal took home the biggest slice of Premier League prize money last season, becoming the first team ever to bank more than £100m. The Gunners pocketed £100.9m for finishing second, while Leicester received a relatively modest £93.2m – only the fifth highest amount of the [...]
Chinese businessman Tony Jiantong Xia buys Aston Villa for £60m May 18, 2016 Aston Villa are set to become the first major English club to fall into Chinese ownership after the club confirmed a takeover by businessman Tony Jiantong Xia. The deal, which still has to be ratified by the Premier League and Football League, is thought to be for £60m – roughly the same price current owner [...]
Premier League prize money: Millions still up for grabs on final day with over £5m at stake for Everton, Watford, Crystal Palace, West Brom and Bournemouth May 14, 2016 With domineering Leicester already crowned champions and the relegation battle now settled, there appears little to play for in the Premier League this weekend other than Manchester United and Manchester City's battle for fourth place. Yet even if players have one mind on the beach and fans are happy to soak up the sun, clubs' accountants [...]
Businesses and government must play the part of an activist investor to clean up corruption in sport May 13, 2016 While last week’s anti-corruption summit in London was inevitably seen mainly in the light of the Panama Papers, there is another scandal bubbling under the surface that urgently needs the attention of the international community – corruption in world sport. The Institute of Directors has been one of the most vocal critics of the governance [...]
Manchester United stay on course for £500m year after announcing record third quarter results May 13, 2016 Manchester United remain on course to become the first Premier League club to generate £500m this year after announcing record revenue and earnings in the third quarter. Revenue for the three months ended 31 March jumped 29.9 per cent to £123.4m, meaning the club has already earned £348.7m for the year. The club finished the [...]
Wasps make Kurtley Beale the highest paid player in Premiership Rugby May 13, 2016 Australia's Kurtley Beale will become the highest paid rugby player in England after putting pen to paper on a two-year contract with Wasps. Wallabies star Beale will be paid £750,000 per season, making him the best-paid player in the Aviva Premiership and the third best player in the world behind international teammate Matt Giteau and former All [...]