Promotion to the English Premier League (EPL) is worth at least £60 million and is the biggest financial boost a football club can receive, according to a new analysts report at global accountancy firm, Deloitte. The teams who win a EPL place get £30 million from TV rights, plus £5 million from extra sponsorship and merchandising deals each season. Even those who are relegated after one season receive £24 million over the next two years, taking the total to about £60 million. Already-promoted Swansea City and two others can expect to receive a financial boost worth £1.4 million according to Deloitte. (SportBusiness.com, 5/2/08)
The Chelsea Football Club has teamed up with sports and entertainment division of Creative Artists Agency (CAA) for assistance in the areas of corporate partnership development, stadium development, athlete marketing, branding, touring, and “corporate social responsibility.” CAA Sports entered into the soccer business in early 2007 when it helped orchestrate the deal that brought David Beckham to the Los Angeles Galaxy, working with Beckham’s manager, Simon Fuller and has since sourced worldwide endorsement deals for the player. CAA said the global appeal of Chelsea is one of the major factors in CAA partnering with the club. The Chelsea squad contains 23 national team players from 14 different nationalities and six current national team captains. (SportBusiness.com, 6/9/08)
The Real Madrid Football Club agreed a deal with Total Sports Asia (TSA) to distribute its mobile content in Asia in a deal scheduled to run through 2010. (SportBusiness.com, 6/10/08)
Tuesday, June 10, 2008
Thursday, June 5, 2008
International Sports
The NFL said it sold the first 40,000 tickets for the SD Chargers-New Orleans Saints game on 10/26/08, its second regular-season match in London, in less than 90 minutes. This was about the same pace at which tickets were sold for the Miami Dolphins-New York Giants game last year. The NFL has an agreement to play at least one game in the UK for the next three seasons, beginning with this year’s game. It has also declared a desire to have games in Germany and France, and is considering resurrecting plans to have a game in China after its 2007 planned pre-season event in China was cancelled. (SportBusiness.com, 5/30/08)
The Beijing Olympic Organizing Committee issued a stern, nine-page document entitled "A Guide to Chinese Law for Foreigners Coming To, Leaving or Staying in China During the Olympics." Written only in Chinese and posted on the organizers' official website, the guide covers everything from a ban on sleeping outdoors to the need for government permission to stage a protest. In addition, the document said that having Olympic tickets is no guarantee of getting a visa to enter China, and warns against the display of insulting slogans or banners at any sporting venue. The guidelines seem to clash with a pledge made two month ago by IOC President Jacques Rogge, who said athletes could exercise freedom of speech in China. He asked only that athletes refrain from making political statements at certain official Olympics venues. (Yahoo!Sports, 6/2/08)
The IOC selected Chicago, Madrid, Rio de Janeiro and Tokyo as candidate cities for the 2016 Olympic Games. Doha (Qatar) missed out on selection due to its plan to host the Games in October due to the summer heat, while Madrid and Tokyo appear the cities to beat in the early running. The IOC will announce the host of the 2016 Olympics on 10/2/09. (SportBusiness.com, 6/5/08)
The Beijing Olympic Organizing Committee issued a stern, nine-page document entitled "A Guide to Chinese Law for Foreigners Coming To, Leaving or Staying in China During the Olympics." Written only in Chinese and posted on the organizers' official website, the guide covers everything from a ban on sleeping outdoors to the need for government permission to stage a protest. In addition, the document said that having Olympic tickets is no guarantee of getting a visa to enter China, and warns against the display of insulting slogans or banners at any sporting venue. The guidelines seem to clash with a pledge made two month ago by IOC President Jacques Rogge, who said athletes could exercise freedom of speech in China. He asked only that athletes refrain from making political statements at certain official Olympics venues. (Yahoo!Sports, 6/2/08)
The IOC selected Chicago, Madrid, Rio de Janeiro and Tokyo as candidate cities for the 2016 Olympic Games. Doha (Qatar) missed out on selection due to its plan to host the Games in October due to the summer heat, while Madrid and Tokyo appear the cities to beat in the early running. The IOC will announce the host of the 2016 Olympics on 10/2/09. (SportBusiness.com, 6/5/08)
Monday, June 2, 2008
China Business
The China Securities Journal circulated a report recently saying that the China Securities Regulatory Commission is encouraging institutional money managers to make stabilization of the stock market their No. 1 priority ahead of the Olympics, and while this is nothing new, it helps to boost overall market confidence. (TheStreet.com, 5/30/08)
Chinese wireless provider China Unicom announced it would acquire fixed-line services company China Netcom as part of the first step in the China’s reshuffling of its telecom industry. The nearly $24 billion stock-swap deal comes one week after Chinese officials announced a plan to merge six state-owned phone providers into three in a move designed to offer more competition for China Mobile, which has the largest subscriber count in the world at nearly 400 million. Additionally, China Unicom said it would sell its code division multiple access, or CDMA, network to China Telecom for $15.86 billion. Once the restructuring is complete, three 3G spectrum licenses will be granted to the merged companies. Overall, the changes should create commercial opportunities for international equipment vendors such as Ericsson, Alcatel-Lucent and Nokia-Siemens. (Wall Street Journal, 6/2/08)
Chinese wireless provider China Unicom announced it would acquire fixed-line services company China Netcom as part of the first step in the China’s reshuffling of its telecom industry. The nearly $24 billion stock-swap deal comes one week after Chinese officials announced a plan to merge six state-owned phone providers into three in a move designed to offer more competition for China Mobile, which has the largest subscriber count in the world at nearly 400 million. Additionally, China Unicom said it would sell its code division multiple access, or CDMA, network to China Telecom for $15.86 billion. Once the restructuring is complete, three 3G spectrum licenses will be granted to the merged companies. Overall, the changes should create commercial opportunities for international equipment vendors such as Ericsson, Alcatel-Lucent and Nokia-Siemens. (Wall Street Journal, 6/2/08)
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