David Owen: A bad year for sport? Not if you are a Nike or Adidas shareholder

By many yardsticks, 2015 must go down as a pretty rotten year for sport. The crises at FIFA and the International Association of Athletics Federations (IAAF) have put doping and governance issues squarely at the top of the movement’s agenda, highlighting how it has struggled to cope with the full consequences of the financial windfall which the digital media era has delivered.

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Bility loses CAS appeal to re-enter FIFA race

Musa Bility

January 3 – Liberia Football Association chairman Musa Bility (pictured) has failed to overturn his exclusion from February’s FIFA presidential election. The Court of Arbitration for Sport (CAS) has dismissed Bility’s attempt to throw out the ruling imposed by FIFA’s Ad hoc Electoral Committee.

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Bony and Davies transfer profits keep Swansea in the black

Swansea City logo4

By David Owen
December 30 – Wilfried Bony and Ben Davies ensured that Swansea City stayed in the black in 2014-15, in spite of a pronounced increase in costs. Transfer fees agreed on their departures for Manchester City and Tottenham Hotspur respectively were enough to convert an operating loss into a pre-tax profit of £1.7 million compared with £1.3 million in 2013-14.

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China targets trillion $ sports growth as Wanda weaves its magic

Liu Peng

December 30 – China’s drive to boost its sports business and make it a key part of its economy was given renewed emphasis this week by the country’s sports minister, Liu Peng (pictured). At the same time the Dalian Wanda Group that has been growing in sports via European acquisition announced it had set up its sports headquarters in Guangzhou, the Capital of Guangdong province.

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