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Apr 29, 2014
Apr 29, 2014

Man City, PSG have chance to settle FFP breaches

LONDON (Reuters) – Big-spending Manchester City and Paris St-Germain have been given the chance to settle breaches of UEFA’s financial fair play (FFP) rules that will leave them free to play in next season’s Champions League.

UEFA’s club financial control board has offered settlement deals in recent weeks to teams deemed to have broken rules designed to rein in reckless spending and make soccer more stable economically.

Apr 29, 2014

Soccer-Man City, PSG have chance to settle FFP breaches

LONDON, April 29 (Reuters) – Big-spending Manchester City and Paris St-Germain have been given the chance to settle breaches of UEFA’s financial fair play (FFP) rules that will leave them free to play in next season’s Champions League.

UEFA’s club financial control board has offered settlement deals in recent weeks to teams deemed to have broken rules designed to rein in reckless spending and make soccer more stable economically.

Apr 25, 2014

William Hill blames UK tax rise for betting shop cull

LONDON, April 25 (Reuters) – Bookmaker William Hill Plc
will close more than 100 British betting shops this
year, blaming the decision on a tax increase on high-stakes
gambling machines that have become one of their main sources of
revenue.

The Conservative-led government angered the betting
industry by announcing an increase in tax to 25 percent from 20
percent on the machines in its budget in March, a move that will
cost bookmakers around 75 million pounds ($126 million) a year.

Apr 24, 2014
Apr 24, 2014

Formula One boss Ecclestone’s bribery trial begins in Munich

MUNICH, Germany (Reuters) – Formula One chief executive Bernie Ecclestone said he remained confident as he went on trial on Thursday for bribery in Germany in a case that could end the Briton’s decades-long dominance of the motor sport.

Prosecutors in Munich have charged Ecclestone, 83, with bribing jailed banker Gerhard Gribkowsky to smooth the sale eight years ago of a stake in Formula One to private equity firm CVC. They say that Ecclestone favored CVC because it was committed to keeping him on as chief executive.

Apr 23, 2014

Formula One boss Ecclestone goes on trial in Germany

MUNICH (Reuters) – Formula One chief executive Bernie Ecclestone goes on trial for bribery in Germany on Thursday in a case that could see the Briton’s long dominance of the motor sport ended by a jail sentence.

Prosecutors in Munich have charged Ecclestone, 83, with bribing jailed German banker Gerhard Gribkowsky to smooth the sale eight years ago of a stake in Formula One to private equity firm CVC.

Apr 23, 2014
Apr 22, 2014

Roma enjoying revival under U.S. owners

LONDON (Reuters) – AS Roma’s American owners see a return to the Champions League next season as only the the first step in creating a club that can compete regularly with the best in Europe.

Roma are seeking to follow the example of Italian rivals Juventus by building a new stadium of their own that would boost matchday revenues and create new commercial opportunities to host events like concerts.

Apr 22, 2014

Soccer-Roma enjoying revival under U.S. owners

LONDON, April 22 (Reuters) – AS Roma’s American owners see a return to the Champions League next season as only the the first step in creating a club that can compete regularly with the best in Europe.

Roma are seeking to follow the example of Italian rivals Juventus by building a new stadium of their own that would boost matchday revenues and create new commercial opportunities to host events like concerts.

    • About Keith

      "Editor in charge of company news desk for Reuters in London. Previously Sports Business Correspondent and that remains an interest. Former roles include UK Chief Correspondent, and I have also worked in Italy, Ireland and the Netherlands for Reuters."
      Joined Reuters:
      September 1988
      Languages:
      English, French, Italian, German and Dutch
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