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Chapter 2 Economic Model of a Professional Football Club in France
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Stirling Online Research Repository Chapter 2 Economic model of a professional football club in France Nicolas Scelles and Wladimir Andreff The economic model of football clubs is a revenue model but also a cost model in relation to their objective. It can be defined as the search for balance between revenues, costs and objective, and the latter can vary: profit maximization, sporting maximization under strict constraint (“hard” constraint), or “soft” budget constraint (Andreff, 2009). In France, the revenue model of football clubs has evolved with time. This mutation fits in the switch from an SSSL (Spectators-Subventions-Sponsors- Local) model to an MMMMG (Media-Magnats-Merchandising-Markets-Global) model at the European level (Andreff & Staudohar, 2000). Before 1914, sport financing came mainly from practitioners (Bourg et Gouguet, 2001, p. 19). Thereafter, with competitions as spectacle, spectators have become the primary source of revenue, ahead of the subsidies granted by the local authorities and industry patrons. Advertising revenues have gradually become more and more important and, in the 1960s and 1970s, sponsorship increased significantly as firms were seeking more direct identification in terms of audience, image, reputation and sales (Andreff et Staudohar, 2000, p. 259) . In France, during the 1970s, operating revenues of first division football clubs came mainly from the spectators, supplemented by subsidies and sponsorship. The SSSL model was at its peak, with its “L” finding its justification in the fact that the revenues were generated from local or national residents. The 1980s is the starting point of a continuous increase in the share of TV rights income for French clubs. -
Week 08 Ranking
Week Official World Golf Ranking Ending 24 February 2013 Week 8 2013 World Ranking Events Points Points Events This Last End Name Country Average Total Played Lost in Gained in Played Week Week 2012 Points Points (Divisor) 2013 2013 (Actual) Min-40 Max-52 1 (1) <1> Rory McIlroy N Ireland 11.6630 548.161 47 -75.150 1.999 47 2 (2) <3> Tiger Woods United States 8.8307 353.229 40 -40.081 51.999 35 3 (3) <2> Luke Donald England 7.2494 376.966 52 -71.883 9.109 52 4 (4) <10> Brandt Snedeker United States 6.7375 350.350 52 -38.052 117.020 54 5 (5) <6> Louis Oosthuizen South Africa 6.3532 330.366 52 -34.085 44.229 58 6 (6) <4> Justin Rose England 6.3210 328.691 52 -40.686 35.029 55 7 (7) <5> Adam Scott Australia 5.5804 234.377 42 -36.129 9.799 42 8 (23) <21> Matt Kuchar United States 5.4522 283.516 52 -36.779 93.953 52 9 (8) <7> Lee Westwood England 5.3711 279.297 52 -47.737 13.369 53 10 (13) <12> Ian Poulter England 5.2259 256.068 49 -27.693 28.870 49 11 (10) <8> Bubba Watson United States 5.1762 248.457 48 -36.984 26.010 48 12 (9) <17> Phil Mickelson United States 5.1547 252.582 49 -35.411 58.124 49 13 (16) <18> Steve Stricker United States 5.0187 200.747 40 -31.887 42.030 39 14 (11) <14> Charl Schwartzel South Africa 4.9713 258.510 52 -31.805 33.999 57 15 (12) <9> Jason Dufner United States 4.9293 251.395 51 -35.782 17.330 51 16 (17) <11> Webb Simpson United States 4.8052 249.870 52 -42.424 35.920 52 17 (14) <16> Sergio Garcia Spain 4.7707 238.533 50 -30.277 36.820 50 18 (15) <13> Keegan Bradley United States 4.7505 247.024 52 -34.745 21.787 -
Celtic Plc Annual Report Year Ended 30 June 2014
Celtic plc Annual Report Year Ended 30 June 2014 CONTENTS Chairman’s Statement ................................................................................................... 1 Summary of the Results .............................................................................................. 1 Chief Executive’s Review ............................................................................................. 3 Strategic Report ................................................................................................................. 5 Directors’ Report ............................................................................................................. 15 Corporate Governance .............................................................................................. 19 Remuneration Report ................................................................................................. 22 Directors’ Responsibilities Statement ........................................................... 24 Five Year Record ............................................................................................................. 25 Independent Auditor’s Report to the Members .................................... 26 Consolidated Statement of Comprehensive Income ........................ 29 Consolidated Balance Sheet ................................................................................ 30 Company Balance Sheet .......................................................................................... 31 Statements of Changes -
Annual Financial Review of Scottish Premier League Football Season 2010-11 Contents
www.pwc.co.uk/scotland Calm before the storm Scottish Premier League Football 23nd annual financial review of Scottish Premier League football season 2010-11 Contents Introduction 3 Profit and loss 6 Balance sheet 18 Cashflow 24 Appendix one 2010/11 the season that was 39 Appendix two What the directors thought 41 Appendix three Significant transfer activity 2010/11 42 Introduction Welcome to the 23rd annual PwC financial review of the Scottish Premier League (SPL). This year’s report includes our usual in-depth analysis of the 2010/11 season using the clubs’ audited accounts. However, we acknowledge that given the dominance of Rangers1 demise over recent months, these figures may be looked at with a new perspective. Nevertheless, it is important to analyse how the SPL performed in season 2010/11 with Rangers and explore the potential impact the loss of the club will have on the league. Red spells danger? Notwithstanding the storm engulfing The impact the wider economy has had The Scottish game has never been Rangers, the outlook for season on football – as well as other sports - under more intense financial pressure. 2010/11 was one of extreme caution. shouldn’t be ignored. The continuing This analysis reinforces the need for squeeze on fans’ disposable incomes member clubs to continue seeking out Amidst fears of a double dip recession has meant that additional spending on effective strategies in order to operate within the wider economy, SPL clubs areas outside of the traditional season on a more sustainable financial footing, continued to further reduce their cost ticket package – from additional including cutting costs in the absence bases, particularly around securing domestic cup games to merchandise – of new revenue streams. -
Russian Billionaire Rybolovlev Sues Sotheby's for $380M in Fraud
AiA Art News-service Russian billionaire Rybolovlev sues Sotheby’s for $380m in fraud damages The mega-collector’s latest lawsuit, filed in New York, escalates his three-year legal feud with Swiss dealer Yves Bouvier MARGARET CARRIGAN 3rd October 2018 20:38 GMT Rybolovlev served Sotheby's with a $380m suit in a New York federal court despite a similar pending case in Geneva Francknataf The ongoing and vitriolic battle between the Russian fertiliser billionaire turned art collector Dmitry Rybolovlev and Yves Bouvier, an entrepreneurial Swiss art dealer and freeport magnate, reached dramatic new heights on Tuesday (2 October) when Rybolovlev filed a $380m lawsuit against Sotheby’s in a Manhattan federal court. The charges are brought by two of Rybolovlev’s companies and claim that the auction house materially assisted what the collector refers to as the “largest art fraud in history”, as first reported by Bloomberg. It is the latest attempt by the Russian oligarch to recoup $1bn from Bouvier after first claiming in 2015 that he was overcharged by the dealer on 38 works of art purchased for a total of $2bn over the course of a decade, among them Leonardo’s Salvator Mundi. Sotheby’s was involved in the sale of 14 of the works in question. According to the court papers, Bouvier “masterminded” the fraud by acquiring the paintings at lower prices than he represented before selling them to Rybolovlev at unduly marked up rates, fraudulently pocketing millions for himself. Sotheby’s, the complaint contends, knowingly and intentionally bolstered the plaintiffs’ “trust and confidence in Bouvier and rendered the whole edifice of fraud plausible and credible” by brokering certain sales and inflated valuations. -
Uefa Europa League
UEFA EUROPA LEAGUE - 2014/15 SEASON MATCH PRESS KITS Marin Anastasovici - Giurgiu Thursday 6 November 2014 19.00CET (20.00 local time) FC Astra Giurgiu Group D - Matchday 4 Celtic FC Last updated 26/08/2016 09:18CET Previous meetings 2 Match background 3 Team facts 4 Squad list 6 Fixtures and results 9 Match-by-match lineups 12 Match officials 15 Legend 16 1 FC Astra Giurgiu - Celtic FC Thursday 6 November 2014 - 19.00CET (20.00 local time) Match press kit Marin Anastasovici, Giurgiu Previous meetings Head to Head UEFA Europa League Stage Date Match Result Venue Goalscorers reached S. Šćepović 73, 23/10/2014 GS Celtic FC - FC Astra Giurgiu 2-1 Glasgow Johansen 79; Enache 81 Home Away Final Total Pld W D L Pld W D L Pld W D L Pld W D L GF GA FC Astra Giurgiu 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 1 1 2 Celtic FC 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 2 1 FC Astra Giurgiu - Record versus clubs from opponents' country FC Astra Giurgiu have not played against a club from their opponents' country Celtic FC - Record versus clubs from opponents' country UEFA Cup Winners' Cup Stage Date Match Result Venue Goalscorers reached 1-0 01/10/1980 R1 FC Timişoara - Celtic FC Timisoara Paltinisan 81 agg: 2-2 ag Nicholas 18, 41; 17/09/1980 R1 Celtic FC - FC Timişoara 2-1 Glasgow Manea 77 Home Away Final Total Pld W D L Pld W D L Pld W D L Pld W D L GF GA FC Astra Giurgiu 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 1 1 2 Celtic FC 2 2 0 0 1 0 0 1 0 0 0 0 3 2 0 1 4 3 2 FC Astra Giurgiu - Celtic FC Thursday 6 November 2014 - 19.00CET (20.00 local time) Match press kit Marin Anastasovici, Giurgiu Match background FC Astra Giurgiu will look to deface a significant Celtic FC milestone as the sides come together for a second time in UEFA Europa League Group D. -
ML Strategies Update AFRICA UPDATE
ML Strategies Update David Leiter [email protected] Georgette Spanjich [email protected] ML Strategies, LLC Dan Durak 701 Pennsylvania Avenue, N.W. [email protected] Washington, DC 20004 USA 202 296 3622 202 434 7400 fax www.mlstrategies.com OCTOBER 10‚ 2013 AFRICA UPDATE Leading the News Libya On October 5th, a U.S. Delta Force operation in Tripoli, Libya, seized Al Qaeda leader Nazih Abdul- Hamed al Ruqai, better known by his alias, Abu Anas al-Libi. While Libi is accused of engaging in scouting activities during the planning of the 1998 bombings at the U.S. embassies in Dar es Salaam, Tanzania, and Nairobi, Kenya, his current role in Al Qaeda remains unclear. Libi’s family members and former associates deny he was ever a member of Al Qaeda and say he has not been engaged in militant activities since returning to Libya in 2011. The raid was described here. On October 5th, 15 Libyan soldiers were killed and five others wounded in an attack on a military checkpoint near Bani Walid, a former stronghold of Muammar Gaddafi. The attack was carried out by a group of unidentified gunmen and is the largest incident targeting Libyan military personnel since the 2011 civil war. More information can be seen here. On October 6th, the Libyan Government accused the U.S. of kidnapping one of its citizens after. Special Operations Forces captured Abu Anas al-Libi in Tripoli. In addition, members of the Islamic group Ansar al-Sharia protested in Benghazi against Libi’s adduction and criticized the Libyan Government for not doing more to ensure his protection. -
Order Could Pave Way for Russian Billionaire to Launch High Court Case Against Swiss Dealer Yves Bouvier and Sotheby’S ANNY SHAW 9Th January 2018 11:34 GMT
AiA Art News-service New York court grants permission for Rybolovlev to use confidential documents in UK and Switzerland Order could pave way for Russian billionaire to launch High Court case against Swiss dealer Yves Bouvier and Sotheby’s ANNY SHAW 9th January 2018 11:34 GMT Dmitry Rybolovlev Francknataf A New York court has ruled that the Russian mining billionaire Dmitry Rybolovlev can use confidential Sotheby’s documents in an imminent lawsuit in the UK, as well as in ongoing legal proceedings in Switzerland. The order, filed on 22 December, could pave the way for Rybolovlev to launch a fresh case in London’s High Court against the Swiss dealer Yves Bouvier, whom he accuses of defrauding him by $1 billion in the purchase of 38 works of art, including that of the Salvator Mundi by Leonardo da Vinci. The UK lawsuit also threatens to pull in Sotheby’s and Samuel Valette, the auction house’s vice chairman of private sales worldwide, whom Rybolovlev says was partly complicit in the alleged scam. All parties deny any wrongdoing. It is not clear what information is contained in the cache of documents, which Sotheby’s produced in 2016 as part of legal proceedings in Monaco, Singapore and France. No one is at liberty to discuss or disclose them. But court papers refiled on 26 December by David Michael Edwards, Rybolovlev’s lawyer in London, set out how the documents are of “crucial importance” to the proposed UK action. According to Edwards, the documents expose how Valette–and Sotheby’s–were aware that Bouvier was buying works on behalf of a client and that Sotheby’s assisted the Swiss dealer by providing documents that encouraged Rybolovlev to purchase works at “grossly inflated” prices. -
Hopes Rest on a Talented Few After Singapore Win
22 TUESDAY MARCH 13, 2007 SPORTSCHINA CHINA DAILY Liang targets majors Hopes rest on a talented few after Singapore win GOLF he told the paper. Swimmers Liang is a big fan of the Liang Wenchong is targeting China Tour, launched in 2005 know success the majors after fi nally living with the aim of giving Chinese up to his billing as China’s com- experience of tournament golf, will not come ing talent with a breakthrough and he won its fi nal event of last victory at the Singapore Mas- year before offering to return easy at Worlds ters. the winner’s cheque to help his The 28-year-old served younger compatriots. in Melbourne notice of his improving form He repeated the offer with the by fi nishing fourth at the Sin- substantially larger $183,000 By Chen Xiangfeng gapore Open and having four cheque he pocketed after beat- top-fi ve placings on the Japan ing Malaysia’s Iain Steel on the Tour last year. fi rst extra hole at the Laguna China’s swimmers are hoping Sunday’s playoff victory was, National Golf Club on Sunday. to make a splash at the upcom- however, by far the best result of “I offered to give away the ing World Championships in his career and matched Chinese prize money from last year’s Melbourne, and they know trailblazer Zhang Lianwei’s sole China Tour Championship, but they’ll have to beat the world’s European Tour triumph at the the problem was that there was best to win gold. -
UEFA Financial Fairplay Regulations and European Union Antitrust Law Complications
Emory International Law Review Volume 29 Issue 4 2015 UEFA Financial Fairplay Regulations and European Union Antitrust Law Complications Valerie Kaplan Follow this and additional works at: https://scholarlycommons.law.emory.edu/eilr Recommended Citation Valerie Kaplan, UEFA Financial Fairplay Regulations and European Union Antitrust Law Complications, 29 Emory Int'l L. Rev. 799 (2015). Available at: https://scholarlycommons.law.emory.edu/eilr/vol29/iss4/4 This Comment is brought to you for free and open access by the Journals at Emory Law Scholarly Commons. It has been accepted for inclusion in Emory International Law Review by an authorized editor of Emory Law Scholarly Commons. For more information, please contact [email protected]. KAPLAN GALLEYSPROOFS2 3/17/2015 9:57 AM UEFA FINANCIAL FAIRPLAY REGULATIONS AND EUROPEAN UNION ANTITRUST LAW COMPLICATIONS INTRODUCTION European Football1 is not just a sport to the rest of the world. Each match is more than just a game. A match can and has represented old battles that never die completely. The Celtic–Rangers rivalry is more than a cross-town rivalry, but a representation of the unfinished political fight over the Protestant Reformation.2 The Barcelona–Real Madrid rivalry represents a long-running nationalist fight between Castilian and Catalonian Spaniards.3 Celtic’s long running rivalry with Rangers Football Club (FC) is just another part of the centuries-old rivalry between Northern Irish Catholics and Protestants.4 While one’s club is a representation of his or her nation and tribe, it is also a business, as shown by the globalization of the sport.5 And just like any business, occasionally there are financial issues. -
US Reporter, Cameraman Killed in On-Air Shooting
SUBSCRIPTION THURSDAY, AUGUST 27, 2015 THULQADA 12, 1436 AH www.kuwaittimes.net US reporter, cameraman Min 30º Max 46º killed in on-air shooting High Tide 09:05 & 22:50 Gunman kills self after posting attack video online Low Tide 02:25 & 16:05 40 PAGES NO: 16622 150 FILS MONETA, Virginia: A TV reporter and cameraman were shot to death during a live television interview yester- Saudi suspect in day by a gunman who recorded himself carrying out the killings and posted the video on social media after Khobar Towers fleeing the scene. Authorities identified the suspect as a journalist who had been fired from the station earlier attack arrested this year. Hours later and hundreds of miles away, he ran off the road and a trooper found him with a self-inflict- WASHINGTON: A man suspected in the 1996 ed gunshot wound. He died at a hospital later yester- bombing of the Khobar Towers residence at a US day. military base in Saudi Arabia has been captured, a The shots rang out on-air as reporter Alison Parker US official said yesterday. Ahmed Al-Mughassil, and cameraman Adam Ward were presenting a local described by the FBI in 2001 as the head of the mili- tourism story at an outdoor shopping mall. Viewers saw tary wing of Saudi Hezbollah, is suspected of lead- her scream and run, and she could be heard saying “Oh ing the attack that killed 19 US service personnel my God,” as she fell. Ward fell, too, and the camera he and wounded almost 500 people. -
Page 01 April 01.Indd
ISO 9001:2008 CERTIFIED NEWSPAPER Monday 1 April 2013 20 Jumada I 1434 - Volume 18 Number 5656 Price: QR2 Ooredoo’s Liverpool ultrafast 4G LTE increase Aston network soon Villa’s worries Business | 17 Sport | 28 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Relatives of New airport opening Qatari held in postponed DOHA: The opening of Hamad International Airport (HIA), which was UAE in despair scheduled for 12.20am today, has been cancelled. The last- minute cancellation of the much-publicised event fol- A month on, no contact with family lowed a directive from the Civil Defence Department. DOHA: The family of a supposed to be left the airport, In a late-night announce- 52-year-old Qatari medical doc- we were concerned…We called the ment Abdulaziz Al Noaimi, the tor who was arrested at Dubai office of Qatar Airways to know Chairman of the New Doha airport on his way to Doha from the reason. They told us that my International Airport (NDIA) Bangkok late last February is father did not board the flight Steering Committee said yes- in deep agony as he remains from Dubai.” terday they were forced to put untraced even a month after his “We tried to call him on his off the April 1 inauguration as detention. mobile phone but that was the airport did not meet the The family’s agony is deepen- switched off. When we called the newly introduced safety and ing as it has no clue as to why Qatari Consulate in Dubai they security requirements man- its lone bread-winner was taken informed us that our father had dated by the Civil Defence into custody.