News: Finance
Western Australia bushfire wildlife and habitat recovery receives priority support
The protection of animals such as the critically endangered western ground parrot are among the priority Western Australian Government projects being supported by the Federal...
Feb 25, 2020
Finance /
Environment
New owner takes on Fernwood Loganholme Franchise
Magnolia Capital has become the new owner of the popular Fernwood Fitness Loganholme gym on Brisbane’s southside - which was recently the subject of insolvency under previous...
Feb 25, 2020
Finance /
Fitness
Perth Glory FC sale off following revelations over buyer
Football Federation Australia (FFA) has today confirmed that the potential sale of a majority shareholding in Perth Glory FC, announced earlier this month, to the London...
Feb 24, 2020
Sport /
Legal /
Finance
Ardent Leisure shares fall after critical Coroner's report into Dreamworld tragedy
Shares in Dreamworld owner Ardent Leisure fell sharply yesterday following the Queensland Coroner handing down a damning verdict on the deaths of four guests killed on the theme...
Feb 24, 2020
Tourism /
Safety /
Legal /
Finance /
Attractions
New Zealand sports launch campaign to change youth sport
Sport NZ and the five sports who last September published a Statement of Intent to improve youth sport are calling on parents, coaches and administrators involved at grassroots...
Feb 24, 2020
Sport /
Finance /
Recreation
Federal Sports Minister considers big changes in Government funding arrangements
Amid turmoil in the Federal Government’s elite sports funding arrangements in the wake of the ‘sports rorts’ fiasco and an ongoing public dispute between Sport Australia...
Feb 23, 2020
Sport /
Finance /
Recreation /
Government
French swimming pool uses sewer warmth for heating
A swimming pool in the French capital of Paris has been using a heating system using warmth recovered from the city's sewage system. Looking to cut costs and reduce carbon...
Feb 22, 2020
Finance /
Aquatics /
Environment
Battle between Australian Olympic Committee and the Australian Institute of Sport fought in the media spotlight
An ongoing battle between Australian Olympic Committee President, John Coates and Sport Australia Chairman, John Wylie has this week seen national media focus on issues of sport...
Feb 21, 2020
Sport /
Finance /
Government
Wanda Sports Group discusses potential sale of Ironman Triathlon Business
China-based sports marketing and event promoter, Wanda Sports Group has confirmed that is engaging in preliminary discussions on the potential sale of its Ironman triathlon...
Feb 21, 2020
Events /
Sport /
Finance
Kate Palmer agrees to give evidence to sports grants inquiry
Former Sport Australia Chief Executive Kate Palmer has reportedly agreed to appear at the Senate inquiry into the scandal-plagued Community Sport Infrastructure Grant Program....
Feb 21, 2020
Sport /
Finance /
Recreation /
Government
Ovolo Hotels question Hong Kong Government’s omission of tourism industry assistance
The current economic downturn in Hong Kong due to social unrest and the ongoing Coronavirus has been felt throughout all sectors with the tourism industry being one of the...
Feb 20, 2020
Tourism /
Hospitality /
Finance
Home of India’s former F1 race closed over debts
Buddh International Circuit, the home of the former Indian Grand Prix Formula 1 race, has been sealed amid financial problems with the track. The Hindustan Times newspaper...
Feb 19, 2020
Finance /
Venues
Alice Nash appointed as the Australia Council Executive Director of Arts Investment
The Australia Council has appointed Alice Nash as their Executive Director Arts Investment with Nash commencing her role in April. As Executive Producer and co-Chief Executive...
Feb 18, 2020
Culture /
Finance /
Arts
Verge and Eden Street Sporting Complex secures $10 million funding
Kempsey Shire Council has secured a $10 million NSW Government grant for the Verge and Eden Street Sporting Complex to deliver better sporting facilities and a capacity to host...
Feb 18, 2020
Sport /
Finance /
Venues /
Parks
Australian Olympic Committee Chief Executive warns sport bodies may struggle with national redress scheme claims
Australian Olympic Committee Chief Executive, Matt Carroll, has warned that the national redress scheme for sexual abuse victims could put some sports at risk of becoming...
Feb 18, 2020
Sport /
Legal /
Finance /
Insurance
Decline in visitor numbers prompts departure of BridgeClimb Sydney Chief Executive
A steady decline in climber numbers, exacerbated by the recent bushfires, have prompted the operators of BridgeClimb Sydney to end the tenure of Chief Executive Chris Zumwalt....
Feb 18, 2020
Tourism /
Finance /
Attractions /
Government
Plus Fitness opens first Canberra gym
Australian gym chain Plus Fitness 24/7 has opened its first franchise in the ACT, located on City Walk in the heart of Canberra. Plus Fitness 24/7 Canberra City is the third...
Feb 16, 2020
Finance /
Fitness
Fleurieu Aquatic Centre deficit concerns local councillors
A deficit of $643,560 in the operation of the Fleurieu Aquatic Centre is concerning the City of Victor Harbor and Alexandrina Councils. A recent review of the facility’s budget...
Feb 16, 2020
Finance /
Recreation /
Aquatics
Report from Secretary to Prime Minister's Department rejects Audit Office finding that sports grant program targeted marginal electorates
A report into the Federal Government’s controversial Community Sport Infrastructure Grant Program, conducted by Phil Gaetjens, Secretary to the Department of the Prime Minister...
Feb 15, 2020
Sport /
Legal /
Finance /
Recreation /
Government
Australian Sports Commission issues statement in response to media claims on spending
The Australian Sports Commission has responded to claims of extravagent spending, initially made in The Australian newspaper, releasing a statement that emphasises its...
Feb 14, 2020
Sport /
Finance /
Government
Sport Australia slammed for extravagant spending on offices and consultants
Sport Australia has been slammed by a media report that suggests it spent extravagantly on executive staff, office accommodation, training and recruitment consultants. The...
Feb 13, 2020
Sport /
Finance /
Recreation /
Consultants
Viva Leisure opens new sites and completes Fit n Fast Health Clubs acquisition
Fitness club owner Viva Leisure Limited has opened two new clubs - hiit republic Wollongong, and Club Lime Shellharbour - extending its “hub and spoke model” in the NSW...
Feb 13, 2020
Finance /
Fitness
National Audit Office advises 43% of successful Federal Government sports fund projects were ineligible
43% of projects funded under the Federal Government’s controversial Community Sport Infrastructure Grant Program were ineligible when agreements were signed, according to...
Feb 13, 2020
Sport /
Legal /
Finance /
Recreation /
Government
London Football Exchange announce deal to buy A-League’s Perth Glory
Cryptocurrency and sports investment group the London Football Exchange has announced that it has reached an asset sale and purchase agreement to acquire a majority shareholding...
Feb 13, 2020
Sport /
Finance