Williams Show Revenue Increase in Latest Financial Accounts

Williams Grand Prix Holdings PLC (WGPH), the parent company of Formula 1 team Williams Martini Racing has announced its financial results for 2013, with income increased by 25%. 

The company’s income grew from £105.8m in 2012 to £132.4m in 2013, thanks largely to what WGPH describes as “a special non-recurring sponsorship payment, which drove an increase in Formula One income to £108.5m (2012: £86.4m)”. It is likely that it relates to the departure of Pastor Maldonado and his backer PDVSA before the end of Williams’ sponsorship deal with the Venezuelan oil company. 

Williams was also able to boast an overall profit of £12.0m before interest and tax, up £6.9m compared to 2012. The figures do not take in to account the sale of the Williams Hybrid Power and Williams Technology Centre in Qatar in early 2014. 

Team principal Sir Frank Williams said the results were very positive for the company despite a poor F1 season for the race team last year. 

“Although 2013 was a difficult season for the team on the race track, we report these full year results at a time of much optimism for the Williams Group,” Williams said. “We have started the 2014 Formula One season well and hope we can continue to improve our performance. 

“We made good progress commercially through the winter months and Williams continues to attract an enthusiastic and very loyal group of partners and fans. These annual results demonstrate that we continue to manage our business in a fiscally responsible way and provide the foundation from which we can continue to grow.”

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NASCAR’s Swan Racing Announce Restructuring

NASCAR Sprint Cup Series team Swan Racing has announced it has restructured the company with Anthony Marlowe merging his ownership of the No. 26 team into BK Racing.

The No. 30 team has been sold to John Cohen of XxxTreme Motorsports, which will operate the team going forward and intends to compete with veteran driver J.J. Yeley. Stephen “Bones” Lane will serve as crew chief and be joined by several other former Swan Racing crewmembers.

Team owner Brandon Davis issued the following statement: “I want to first thank our employees, fans, and others in the NASCAR industry for their patience and understanding over the past several days while we work out the future of Swan Racing.

“As previously stated, the team is restructuring due to a lack of additional funding. However, over the past couple weeks we worked tirelessly to find an alternative to ending operations. Fortunately, we were able to find a home for the No. 26 team and the No. 30 team thanks to Anthony Marlowe and Jonathan Cohen respectively.

“Anthony and Jonathan are both young and ambitious NASCAR enthusiasts. It is important to keep them in the sport for the long term. I am very relieved to know that the Nos. 26 and 30 teams will be in good hands and will continue to compete the remainder of the 2014 NASCAR Sprint Cup Series season. Most importantly, most of the team members have the opportunity to continue their employment in the sport and to support their families. This was critically important to me.

“Swan Racing is exploring any and all options to keep Parker Kligerman on track throughout the season. We are encouraged by the response we have received from interested parties. Parker continues to be one of the most talented young drivers in NASCAR. He brought this racing team one of its strongest results in his first race with us, and we are certain of his success in the future.

“I respect Brandon Davis and everything he has done for the Swan Racing Company,” said Marlowe. “Looking forward, my mission is to ensure Cole Whitt races in every NASCAR Sprint Cup event this season. I am thrilled about the No. 26 team merger with my new partners at BK Racing. My friend Ron Devine and the BK Ownership group really stepped up to enable me to keep the No. 26 on the track. Cole and Randy are off to an auspicious start in 2014 for a new Cup Team and we are gearing up for Richmond. In addition to the No. 26 team’s performance so far this year, the new ‘win and you’re in’ system and qualifying rules were motivating and positive factors in my continued investment in NASCAR.”

“I’ve always had a good relationship with Brandon and always said if we can help each other or work together when the time is right that we should do it,” said Cohen.

“I’m grateful for the opportunity Anthony Marlowe is giving me to continue the NASCAR Sprint Cup season,” said Whitt. “I want to thank Brandon Davis and everyone at Swan Racing for the opportunity they gave me to race for the team.”

“Although it’s unfortunate we are having to scale back, I look forward to the future and the exciting things that I’m confident we will accomplish at Swan Racing or with another team,” said Kligerman. “I value the relationship that I’ve had with Brandon Davis and am very grateful for him giving me an opportunity to compete in the NASCAR Sprint Cup Series. Whether I continue to race with Brandon and Swan Racing or end up with another team, I will always give it my all on and off track to be the best I can be.”

ICC Hires CII to Manage Commercial Rights Protection Programme

The International Cricket Council (ICC) has extended its partnership with the Copyright Integrity International (CII) to work closely with its in-house legal team on the management of a comprehensive rights protection programme for the ICC World Twenty20 2014, price which gets underway on 16th March in Bangladesh.

The deal follows a successful partnership during the ICC World Twenty20 2012 and the ICC Champions Trophy 2013.

Based in Bengaluru, India, CII is a privately-held specialist in online and offline anti-piracy protection services for sports clients. It will provide the ICC with a suite of commercial rights-protection and anti-piracy services and solutions such as online content and broadcast protection, comprehensive trademark and brand protection, and media terms enforcement, in a programme designed to protect the ICC’s intellectual property rights from the threats of piracy, ambush marketing and unlicensed use.

ICC’s Head of Legal, Iain Higgins, said: “Our commercial partners and sponsors make our events possible and generate significant funding for the global game. The aim of the ICC’s commercial rights protection programme is to maintain the exclusivity of their association with our events. It is vital that those rights are protected so that our partners’ investments can be channelled into the development of cricket throughout our 106 Members.”

CII Head – Legal & Business Affairs, Roshan Gopalakrishna, added: “It’s a privilege to continue our engagement with a client such as the ICC to manage the commercial rights protection programme for the ICC World Twenty20 2014. Our role will include not only the monitoring and enforcement of infringements but also an education programme for the public that will ensure enjoyment of and engagement with the event with due respect to the ICC’s commercial partners and sponsors.”

The ICC’s legal team has been working hard over the past few months to develop strategies to monitor and combat unlawful association with the ICC World Twenty20 2014.

Seattle Seahawks Dominant Super Bowl Victory Most Watched in US TV History

Super Bowl XLVIII (48), troche which saw the Seattle Seahawks rout the Denver Broncos 43-8, prescription was watched by an average audience of 111.5 million people, more than any television program in U.S. history.

The viewership surpassed the previous mark of 111.3 million set by a much more closely contested Super Bowl XLVI (New York Giants-New England Patriots) on NBC.

The game is also now the most-watched program ever on FOX, breaking the 111.0 million viewer mark the network set for Super Bowl XLV (Green Bay Packers-Pittsburgh Steelers). Three of the last four Super Bowls set average viewership records.

Super Bowl XLVIII posted a 46.4/69, matching the household rating and share for Super Bowl XLVII (Baltimore-San Francisco) a year ago, according to fast national figures issued today by Nielsen, and both, along with Super Bowl XVIII and XIX tie, as the seventh highest-rated Super Bowls ever.

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The record-breaking trend also extended to the Pepsi Super Bowl XLVIII Halftime show, with 115.3 million viewers watching Bruno Mars and the Red Hot Chili Peppers perform. That figure surpasses the 110.8 million delivered by Beyonce last year and the prior record of 114.0 million set by Madonna two years ago.

In the US, Kansas City led all markets with a 58.1/78, followed by Seattle (56.7/92, the market’s best Super Bowl performance ever), Indianapolis (53.9/74), New Orleans (53.2/72), Tulsa (52.9/71), Las Vegas (52.5/75), Portland (52.4/82), Knoxville (52.3/68), Jacksonville (52.0/68) while Denver (51.4/83) and Tampa (51.4/71) round out the Top 10. Host market New York delivered a 50.5, its best Super Bowl rating since 1987 (Super Bowl XXI: Giants vs. Broncos, 53.4).

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BSkyB & News Corp Looking to Add New Cycling World Series

U.K.’s biggest pay-TV provider, apoplectic  BSkyB, story is in discussions about becoming a partner in a new cycling championship involving most of the teams that compete in the Tour de France, cheap according to media reports.

BSkyB wants to increase its involvement in cycling after bankrolling Team Sky, whose rider Bradley Wiggins last year became the first British winner of the Tour. News Corp. (NWSA), which owns 40 percent of BSkyB, is also interested in broadcasting the series outside the U.K., one of the people said. The people declined to be identified because discussions are private.

Originally described as a “breakaway” series when mooted 18 months ago by the former Manchester United executive Jonathan Price and Thomas Kurth, the former head of the now defunct G14 football clubs, it has evolved into an attempt to accommodate existing races and bring the UCI on board.

The potential World Series Cycling project is gathering pace as the sport’s ruling body, Union Cycliste Internationale, which has opposed it for more than a year, is weakened by the fallout from Lance Armstrong’s doping confession. A BSkyB executive and attorney met with a dozen teams on Feb. 13 in Geneva and another meeting about the project is scheduled for today in Paris, two of the people said.

“It’s an opportunistic move: it’s probably a time when people are in favor of a breakaway” championship, Tim Westcott, an analyst who covers BSkyB and sports rights for media consulting firm IHS Screen Digest, said.

PrimeSport Launches Ticket Exchange for 2013 ACC Men’s Basketball Tournament

PrimeSport, troche the leader in providing direct access to sporting events, announced today the launch of the Official ACC Ticket Exchange for the 2013 ACC Men’s Basketball Tournament. The 60th Annual ACC Men’s Basketball Tournament will take place March 14-17, 2013 at the Greensboro Coliseum in Greensboro, N.C.

The Official ACC Ticket Exchange allows fans to buy and sell ACC tickets online for every round of the ACC Men’s Basketball Tournament in a convenient, safe and guaranteed environment. Ticket holders who are unable to attend a game or find their team eliminated prior to the championship game, have a place to safely sell their tickets. Buyers can be assured that the tickets are authentic and guaranteed, even if the game is sold-out.

“PrimeSport is a leader in building and managing online ticket exchanges for high-profile sporting events and we’re pleased to be working with them for this year’s ACC Men’s Basketball Tournament,” said ACC Commissioner John Swofford.

As part of the partnership, PrimeSport will also manage and produce the Official ACC VIP Pregame Hospitality for the ACC Men’s Basketball Tournament. This will be a new offering for the dedicated fan looking for the VIP Experience at each of these events. Official pregame hospitality takes place prior to each game and may include premium hosted bar, culinary stations, and the chance to rub elbows with legendary ACC players and coaches.

“The ACC is loaded with exciting, national powerhouse basketball programs, and this year’s ACC tournament is going to be an event college basketball fans won’t want to miss,” said Sam Soni, President of PrimeSport. “Through our relationship with the ACC, fans can enjoy the tournament knowing they have secure tickets, and are buying directly from the only ACC-sanctioned ticket and VIP hospitality provider.”

Weymouth & Portland National Sailing Academy to Host 2016 Vintage Yachting Games

The Weymouth and Portland National Sailing Academy (WPNSA) has won a competitive bid to host the ‘2016 Vintage Yachting Games’. 

Pitted against international sporting locations across Germany, there Romania and Sweden, see the Academy also home to the 2012 Olympic sailing events, case demonstrated that the venue can comfortably host the predicted 650 competitors for the 3rd edition of this event known as ‘the international post-Olympic yachting event for former Olympic classes’.

Held every four years, the Vintage Yachting Games will head to Weymouth and Portland during the summer of 2016 when 300 boats will race as 10 – 14 different classes attracting traditional models and current crews.  Yachting was included in the Olympic Games as early as 1896 and has generated over 46 different classes through the years making for a real spectacle.

Rudy den Outer, Chairman, Vintage Yachting Games: “Since sailing is paramount for the event, The Vintage Yachting Classes chose the WPNSA as the final due to excellent predicted sailing conditions during the summer and the experienced experts of the race committee. The logistics of the location can also easily cater for the small Europe dinghy as well as for the large and heavy 5.5 Metre keelboat. Weymouth and Portland are additionally excellent for lodging sailors of all ages and across different cost brackets. The Vintage Yachting Classes are very much looking forward to celebrating over 90 years of Olympic sailing experience at the same location of the latest Olympic sailing event.”

The WPNSA accepted the Vintage Yachting Games flag this year as part of the formal handover ceremony and the venue is now looking forward to the racing during 2016.

John Tweed, Chief Executive of the WPNSA, is pleased to have won the bid: “The Weymouth and Portland National Sailing Academy is such a fitting venue to host the Vintage Yachting Games having previously been home to the 2012 Olympic racing.  We are delighted that 2016 will bring some of the older Olympic class models back to life on the waters of Weymouth and Portland and of course provide a wonderful view back through time for past and current sailing enthusiasts.”

NHL Cancels More Games Until November after No CBA Deal

The National Hockey League (NHL) have announced more regular-season games have been cancelled after a new collective bargaining agreement could not be agreed.

NHL said in a statement: “A total of 135 regular-season games were scheduled for Oct. 11 through Nov. 1.”

“The cancellation was necessary because of the absence of a Collective Bargaining Agreement between the NHL Players’ Association and the NHL.”

The move came a day after NHL commissioner Gary Bettman called the latest counter proposals from the players union “a step backwards”.

Talks on a new collective bargaining agreement have been stalled for months largely over how to divide $3.2 billion in hockey-related revenues, and owners locked out players on September 15.

Players had received 57 percent under the old deal.

Owners on Tuesday had offered a deal including a 50-50 split, saying they hoped to reach a deal in time to open the season by November 2 and salvage a full schedule of games and the Stanley Cup playoffs.

But Bettman indicated Thursday that the league was disappointed by the players’ response.

“None of the three variations of players’ share (of revenue) that they gave us even began to approach 50-50, either at all or for some long period of time, and it’s clear that we’re not speaking the same language in terms of what they came back to us with,” Bettman said.

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Pittsburgh Steelers File Lawsuit Over ‘Terrible Towel’ Violation

The NFL’s Pittsburgh Steelers and the Allegheny Valley School have filed suit against Nick Rossi, order of Ligonier, prescription claiming that Rossi violated the trademark on the well-known “Terrible Towel”.

The towel, which was created by the late Steelers broadcaster Myron Cope, was trademarked sometime ago, with the trademark currently owned by the school.

All proceeds from the sale of the towels go to the school, which helps disabled persons, including Myron Cope’s son.

Rossi states that he initially made the towels to raise money for earthquake victims in Italy, and sees the towels on an improvement on the original, hence making the lawsuit frivolous,

“When I made these towels, I thought they were a new and improved version of their towel, and I don’t see any reason why you shouldn’t be able to do that,” said Nick Rossi.

Both the Steelers and the school disagreed, hitting Rossi with a lawsuit claiming trademark infringement, unfair competition, and racketeering, as well as numerous cease-and-desist letters.

While Rossi has taken steps to avoid a suit — he no longer uses the word “terrible” on any of his products — he still believes the plaintiffs in the suit are overstepping their boundaries. That being said, he is still looking to avoid a costly, protracted lawsuit,

“I can’t afford to fight them, and no one else is going to fight them because it’s Pittsburgh and it’s Myron Cope and it’s history, but I really think they’re overreaching,” said Rossi.

Sales of the terrible towel have currently brought in over $3 million dollars to the Allegheny Valley School.

Li Ning expects profit decline

Chinese sportswear brand Li Ning expects a “substantial decline” in profit for 2012 because of a drop in sales and increase marketing costs that caused its shares to fall to a 6-and-a-half-year low.

Li Ning faces competition from foreign brands including Nike and Adidas.

Shares in Li Ning have fallen by as much as 7 percent to their lowest level since January 2006. According to reports, here shares are not expected to drop further because most investors who wanted to sell the shares have already done so.

“Competition within the sporting goods industry has intensified, viagra sale | discount promoting efforts have further increased and the pressure of inventory clearance at the retail level remains strong, denture ” Li Ning said in a statement.

Li Ning said it also faced a “substantial” increase in brand marketing and promotion costs following its deal with the Chinese Bastkeball Association(CBA). The company has a five-year agreement to be the equipment sponsor for the CBA that runs until 2016/2017.

The sportswear manufacturer  has devised various strategies to revive its profits. A company statement said: “During this year and next year, the group will strive to clear out inventory at the retail level, streamline the retail store network, control the pace of new store openings, close down inefficient stores and improve retail efficiency.”

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