Archive for the 'Business' Category

August 16th, 2011

Is Inter Milan’s Samuel Eto’o about to become the highest paid athlete in the history of sports?

If the rumors and reports are true, he will be. It is all over the interwebs, and the rumors go like this ... if Inter Milan and Russian club Anzhi Makhachkala can reach an agreement over his transfer fee, Anzhi has offered the 30-year-old Cameroonian forward a three-year deal worth $25.5 million per year after tax. Income tax brackets vary, but for ...
August 16th, 2011

Manchester United Ltd. wants to raise around $1 billion from a Singapore IPO

The Wall Street Journal is reporting that U.K. soccer club Manchester United Ltd. is planning to raise around $1 billion from a Singapore initial public offering in the fourth quarter, people familiar with the situation said Tuesday, in the latest foreign listing to tap Asia's funding markets. Its also reported that the club was planning to sell ...
August 15th, 2011

Video: Richard Scudamore, CEO of the English Premier League talks to Bloomberg

Richard Scudamore, chief executive officer of the English Premier League, talks about club ownership and the outlook for the new soccer season. He spoke with Bloomberg’s Tariq Panja in London. (Source: Bloomberg) Video after the jump.... (more...)
August 9th, 2011

Top Earners :: Forbes 2011 “Hip Hop” Cash Kings

No real surprises here I dont think.... 1 ... 2.... 3.... goes Jay Z at $37m, Puff at $35m and Kanye West at $16m: 1. Shawn "Jay-Z" Carter, $37 million Hip-hop’s reigning Cash King continues to reap the benefits of a 10-year $150 million Live Nation deal, as well as stakes in the New Jersey Nets, the 40/40 Club chain, ad firm Translation and ...
August 7th, 2011

Glazer Family planing to sell 15 – 25% stake of Manchester United ?

Its being reported by the Sunday Mirror Sport that the Glazer family, Manchester United’s out of favor American owners, are preparing to sell up to a quarter of the club in a move that could raise more than £400million. Raising that kind of dough will enable them to slash the £500m debts that are currently costing United £45million-a-year to ...
July 29th, 2011

Spanish banking group Bankia uses Ronaldo and Kaká as debt collateral

So, the story goes like this, Spanish banking group Bankia has put up Ronaldo, the world's most expensive footballer, and Kaká (pretty pricey in his own right) as collateral as they try to secure loans from the European Central Bank (ECB) as the Spanish banking group is going through an ugly financial crisis right. Bankia can do this because it ...
July 7th, 2011

FIFA thinking about games of three thirds at Qatar World Cup in 2022 ?

Michael Beavon, the director of Arup Associates, developers of the technology that will cool Qatar's 12 stadiums, speaking at the Qatar Infrastructure Conference in London said the air-cooling systems they built would maintain temperatures at 24C during the scorching summer of 2022. But, that wasn't the only thing that was on his mind... Beavon ...
July 1st, 2011

US MNT v. Mexico Gold Cup Final Telecast Scores Big Ratings

FOX Soccer drew its largest audience in its history during this past weekends Mexico v. United States CONCACAF Gold Cup final. According Nielsen Media Research figures, 954,000 viewers watched FOX Soccer’s U.S-Mexico telecast, by far a new FOX Soccer record and the most-watched soccer match on English language cable television since the 2010 World ...