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Football

Bayern post record turnover at 626 million euros, up 20 percent

MUNICH (Reuters) - Bayern Munich, driven by strong sponsorship and marketing results, posted a record annual turnover of 626.8 million euros (534 million pounds) for the 2015-16 fiscal year, up by more than 100 million from the previous year, the club said on Friday.

Football

Bayern see slight dip in 2014/15 turnover, profits up

MUNICH (Reuters) - Bayern Munich saw annual turnover dip slightly to 523.7 million ($554.86 million) in the 2014/15 fiscal year but still broke the half a billion barrier for the second successive year as club bosses demanded bigger TV deals to close the gap with the Premier League.

Other Sport

Disney's ESPN subscribers fall over 3 percemt

(Reuters) - Walt Disney Co's sports network ESPN saw a 3.2 percent fall in subscribers from the previous fiscal year, in a market where viewers are migrating to newer forms of sports coverage.

Football

Former U.S. executive says big-time sport a sound TV investment

(Reuters) - While analysts debate the fiscal sense of Sky TV paying more than $4 billion (2.60 billion pounds) to broadcast live English Premier League matches, former CBS Sports president Neal Pilson advises them not to fret.

Football

Brazilian Congress passes financial fair play law

SAO PAULO (Reuters) - Brazil's Congress passed a fiscal responsibility law for football clubs on Monday, slightly watering down one presented by the president in March but preserving enough of the original to satisfy the country's biggest players union.

Football

Dortmund see 2014-15 turnover rise by 15 million euros

BERLIN (Reuters) - Borussia Dortmund boosted their turnover for the fiscal year 2014-15 to 276 million euros ($311.47 million), up by more than 15 million from a year earlier, despite an early Champions League elimination last season, the club said on Friday.

Other Sport

Juventus make US$24.9m in second quarter

Juventus made a net profit of 20.9mil euros (US$24.9mil) in their fiscal second quarter, after a 6.8mil euro loss in the same period a year ago.

Other Sport

Nadal moves to quash tax reports

MADRID (Reuters) - Rafa Nadal issued a statement on Thursday saying he had met all his fiscal obligations after a Spanish website published details about several companies linked to the world number two it said had been set up to drastically trim his tax bill.

Other Sport

Nadal moves to quash tax reports

MADRID (Reuters) - Rafa Nadal issued a statement on Thursday saying he had met all his fiscal obligations after a Spanish website published details about several companies linked to the world number two it said had been set up to drastically trim his tax bill.

Other Sport

Brazil mulls emergency loan to Rio de Janeiro ahead of Olympics

BRASILIA (Reuters) - Brazil is considering an emergency loan to the cash-strapped state of Rio de Janeiro as it prepares to host the Olympic Games in less than two months, two senior government officials familiar with the situation told Reuters.