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Formula One (F1) motor racing series’ owners, CVC Capital Partners, are considering a partial flotation of the business on the Singapore stock exchange, which could raise anywhere between $1.5 billion to $10 billion for the company.
Spiralling wages and transfer fees have submerged Europe’s football teams in billions off debt, and the sport’s governing body seems helpless to do anything about it.
In a reflection of the wider crisis of Western capitalism, Europe’s football clubs are plunging further and further into staggering levels of debt. A recent UEFA study of 650 European clubs showed that 56 percent lost money in 2010 and that collective losses added up to more than US$2 billion (€1.64 billion).
Cricket industry is spread out across the cricket playing nations of the world. Cricket accessories manufacturers, sponsors, broadcasters, and major tournaments like the World Cup and ICC Trophy make up this industry.
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