News: Finance
Administrators conclude sale of Tough Mudder’s UK business to Spartan Race
Obstacle-racing company Spartan has completed its acquisition of the UK affiliate of Tough Mudder, announcing that the takeover will allow the mass-participation company to run...
Feb 13, 2020
Events /
Legal /
Finance /
Recreation
Major aid appeal launched to help rugby members affected by recent catastrophic weather
The Australian Rugby Foundation together with Rugby Australia, the Australian Sports Foundation and the Classic Wallabies have launched the Rugby Aid Appeal to assist thousands...
Feb 12, 2020
Sport /
Finance /
Environment
ACT Government to spend $200,000 on stadium feasibility study
The ACT Government is set to spend $200,000 on a feasibility study to assess a potential location to build a new 25,000 seat stadium in Canberra. The report will weigh up Civic...
Feb 11, 2020
Sport /
Finance /
Government /
Venues
TodayTix acquisition advances plan to create ‘global ticketing platform’
As part of its plans to establish a “global ticketing platform”, theatre ticketing business TodayTix has acquired rival firm Encore. Under the agreement, both companies are to...
Feb 10, 2020
Finance /
Entertainment /
Ticketing
Experience Co cuts Cairns tourism jobs in restructuring
Looking to reduce its operational losses, Experience Co has announced staff cuts in its Cairns businesses. Advising of the job cuts, Experience Co Chief Executive, John...
Feb 9, 2020
Tourism /
Finance /
Attractions
Tough Mudder entities enter administration
The German and UK based operations of endurance race operator Tough Mudder has gone into administration, with a view to selling the business and assets, including its wholly...
Feb 7, 2020
Events /
Sport /
Legal /
Finance
Dreamworld permanently closes Rocky Hollow Log Ride
Dreamworld has revealed that it is to permanently close of Rocky Hollow Log Ride, one of the Gold Coast theme parks’ oldest rides. With Dreamworld currently investing in new...
Feb 7, 2020
Tourism /
Safety /
Finance /
Attractions
AFL announces key partnerships ahead of the 2020 NAB AFL Women’s Competition
Ahead of the 2020 NAB AFLW Competition, the AFL has recently announced several AFLW partnerships with two of Australia’s leading organisations, Coles and BHP joining as major...
Feb 7, 2020
Sport /
Marketing /
Finance
AFL's Carlton on track to be debt free by 2022
Carlton Football Club President, Mark LoGiudice, has announced in a letter to members that the Club has reduced its debt by a further $1 million and now hopes to be debt-free by...
Feb 7, 2020
Sport /
Finance
Reports reveal Federal Government 'quietly spent' $150 million female sports program funds on aquatic centre projects in marginal seats
Media reports have today revealed that beyond the 'sports rorts' that led to Senator Bridget McKenzie's resignation from Government, the Coalition quietly spent another $150...
Feb 6, 2020
Legal /
Finance /
Recreation /
Government /
Aquatics
The AFL and Coles announce major five-year partnership
The Australian Football League (AFL) have announced Coles as the Official Supermarket of the AFL and AFLW in an exclusive five-year deal. As the new premier partner of the AFL,...
Feb 6, 2020
Sport /
Marketing /
Finance
Sport Australia confirm Robert Dalton as acting Chief Executive
The Australian Sports Commission Board has appointed Robert Dalton as acting Chief Executive of Sport Australia, replacing Kate Palmer, who left the role last week. Announcing...
Feb 4, 2020
Sport /
Finance /
Government
Former Sports Minister Bridget McKenzie bypassed Sport Australia board to authorise $2.5 million grant to Netball Australia
Former Federal Sport Minister Bridget McKenzie authorised a $2.5 million bailout grant for Netball Australia in 2018, bypassing the board of Sport Australia and, according to a...
Feb 4, 2020
Sport /
Finance /
Government
Call to upgrade WIN Entertainment Centre after leaking roof halts NBL clash
Wollongong’s civic leaders have called on Venues NSW to refurbish the city’s WIN Entertainment Centre following the abandonment of Sunday's National Basketball League clash...
Feb 4, 2020
Sport /
Safety /
Finance /
Venues
AIG to end All Blacks sponsorship deal
US insurance group AIG has decided against renewing its sponsorship of New Zealand Rugby when the current deal ends next year. The current sponsorship agreement involves AIG...
Feb 3, 2020
Sport /
Marketing /
Finance
Bushfires see Bega Council vote not to apply for public pools’ rate variation
Given the scope, magnitude and impact of the bushfire disaster and ongoing campaign fires, Bega Valley Shire Council has voted not to proceed with an application to the...
Feb 3, 2020
Finance /
Aquatics /
Environment
Sports rorts scandal sees National deputy leader Bridget McKenzie resign from Government
Federal Agriculture Minister Bridget McKenzie has today quit Cabinet and resigned as deputy Nationals leader in the wake of her handling what has become known as the 'sports...
Feb 2, 2020
Sport /
Legal /
Finance /
Recreation /
Government
Attorney General defends Ministers' powers as more details emerge of sports grants allocations
Australian Attorney-General Christian Porter has defended the “broad power” of ministers to direct their departments as he awaits advice about whether the former Federal Sports...
Jan 31, 2020
Sport /
Legal /
Finance /
Recreation /
Government
Reduction in match days prompts New Zealand’s Super Rugby teams to seek compensation
The owners of the licences for four of New Zealand’s five Super Rugby teams are seeking compensation for an expected drop in revenues due to a league format change....
Jan 31, 2020
Sport /
Finance /
Venues
New survey shows percentage of hospitality staff found pay discrepancies
A new survey conducted on behalf of Barcats, one of Australia’s leading hospitality platforms, has shown that over recent months, 40% of Australia’s hospitality staff suspected...
Jan 31, 2020
Hospitality /
Finance /
Venues
Gas bill shock triggers revolution in energy-efficient aquatic centre design
As councils struggle to cope with ever rising gas bills to heat and cool their aquatic centres, pressure is building to find cheaper and less carbon-intensive ways to keep these...
Jan 30, 2020
Design /
Finance /
Recreation /
Aquatics /
Environment
Former Sports Minister Bridget McKenzie warned that sports grant program was compromised
Deputy Nationals leader Bridget McKenzie is under further pressure to resign from Federal cabinet following new revelations of her interference in the Community Sport...
Jan 29, 2020
Sport /
Finance /
Recreation /
Government
Australia’s major sports unite to aid bushfire affected communities rebuild
Australia’s major sports, represented by the Coalition of Major Professional and Participation Sports (COMPPS), have come together to help rebuild the communities that have been...
Jan 28, 2020
Sport /
Finance /
Recreation /
Government /
Environment
Increased investment in High Performance Sport New Zealand
High Performance Sport New Zealand (HPSNZ) is to benefit from a $36.8 million core investment programme for 2020, which included some notable backing for women’s sport. In...
Jan 28, 2020
Sport /
Finance /
Government