News: Finance
Melbourne Fitness Business Summit set to Ignite the industry for 2020
With the sector energised for the New Year, the 2020 Keepme Ignite Fitness Business Summit has been designed to shift owners’ and operators’ business success into “a whole new...
Jan 28, 2020
Marketing /
Legal /
Finance /
Fitness
Tough Mudder resumes operations in Europe as administrators appointed
Staff at the European affiliate of Tough Mudder have returned to work today (Monday 27th January) after Michael Solomons and Andrew Pear of restructuring, recovery and...
Jan 27, 2020
Events /
Sport /
Legal /
Finance
Former Sports Minister Bridget McKenzie approved more than $1 million in grants for shooting clubs
Further revelations about the allocation of funds from the Federal Government’s Community Sport Infrastructure Grant Program have revealed that Nationals deputy leader Bridget...
Jan 25, 2020
Sport /
Legal /
Finance /
Government
Flowerdale community to benefit from new female friendly change rooms
Flowerdale sporting clubs today welcomed the official opening of new female friendly change rooms at Spring Valley Recreation Reserve to host more events thanks to funding from...
Jan 25, 2020
Sport /
Finance /
Recreation /
Government
Executive who worked on Infrastructure Grant Program no longer at Sport Australia
A senior Sport Australia executive identified in last week’s scathing Australian National Audit Office report no longer works for the government agency. Found to have had an...
Jan 23, 2020
Sport /
Legal /
Finance /
Government
Private equity group BGH Capital submits rival bid for Village Roadshow
Village Roadshow has received a $770 million takeover offer from private equity group BGH Capital, sparking a potential bidding war for the entertainment group after rival...
Jan 23, 2020
Tourism /
Finance /
Attractions /
Entertainment /
Waterparks
‘Sports rorts’ review to be assessed by Prime Minister’s department
Australian Prime Minister, Scott Morrison, says he will take “whatever action” necessary to investigate the conduct of Nationals deputy leader and former Federal Sports Minister...
Jan 22, 2020
Sport /
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Finance /
Recreation /
Government
‘Sports rorts’ scandal: Revelation that upmarket golf, rowing and tennis clubs received major grants
Ongoing revelations about the allocation of funds from the Federal Government’s controversial Community Sport Infrastructure Grant Program, now commonly referred to as the...
Jan 22, 2020
Sport /
Finance /
Recreation /
Government /
Golf
More than $1 million in sport grants given to nine clubs linked to Coalition MPs
More than $1 million in grants from the Federal Government’s Community Sport Infrastructure Grant Program was handed to nine clubs that boast senior Coalition MPs as members or...
Jan 21, 2020
Sport /
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Finance /
Recreation /
Government
Funding boost for New Zealand creative and cultural events
Creative and cultural events that highlight New Zealand’s diverse culture and build national pride are set to receive a funding boost through the Major Events Fund. Up to $1.5...
Jan 21, 2020
Events /
Culture /
Finance /
Arts
Five-year funding for leading Northern Territory Arts Organisations
Over the next five years, the Northern Territory Government is distributing $21 million of arts funding among 23 leading arts organisations and venues. The new five-year funding...
Jan 21, 2020
Culture /
Finance /
Arts
Tennis program set to be introduced into five Queensland state schools
Five Queensland state schools will receive new and improved tennis courts under the Queensland Government’s game-changing Tennis in State Schools initiative (TISSI). The program...
Jan 21, 2020
Sport /
Education /
Finance
F45 looks at US stock market listing
Fitness franchise F45 Training is reportedly moving towards a multi-million dollar listing in the USA. First reported by business news service Bloomberg last week, the proposed...
Jan 20, 2020
Finance /
Retail /
Fitness
Creditors push Tough Mudder towards bankruptcy and sale to rival Spartan
With creditors of USA-based endurance race giant Tough Mudder Inc. attempting to push the endurance race giant into bankruptcy, the company’s majority shareholder, Will Dean,...
Jan 20, 2020
Events /
Legal /
Finance /
Recreation
NSW Government under pressure over allegations of biased sport grant allocations
In the wake of the Australian National Audit Office's report into Federal Government sport grants, the NSW Government has been accused of using an estimated $25 million in...
Jan 19, 2020
Sport /
Finance /
Government
National Regional Arts Fellowship Program opens for applications
Artists and arts workers in regional, rural and remote Australia are invited to apply for a National Regional Arts Fellowship to support their practice. The central themes of...
Jan 19, 2020
Education /
Culture /
Finance /
Environment /
Arts
Federal Government announces $76 million bushfire recovery package
Responding to the recent and ongoing bushfire crises, the Federal Government has announced an initial $76 million recovery package with Prime Minister Scott Morrison claiming...
Jan 18, 2020
Tourism /
Finance /
Government /
Environment
Audit Office sports grants report cites ‘conflict of interest’ at Sport Australia
The Australian National Audit Office’s report into former Federal Sports Minister Bridget McKenzie having allocated funds from the Community Sport Infrastructure Grant Program...
Jan 16, 2020
Sport /
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Finance /
Recreation /
Government
Wyss Campaign for Nature backs The Nature Conservancy in protecting South Australian fossil site
Global non-profit, The Nature Conservancy, has sourced funds from a $1 billion nature fund from the Wyss Campaign for Nature to buy a vast tract of outback South Australia...
Jan 15, 2020
Finance /
Environment /
Parks
Audit Office report confirms that Federal Government targeted marginal seats with potentially illegal sports grants
The Federal Coalition gave out $100 million in potentially illegal sports grants that favoured marginal seats prior to the last Australian election according to a report...
Jan 15, 2020
Sport /
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Finance /
Recreation /
Government
New FFA Chief Executive sets out priorities at first press conference
Newly-appointed Football Federation Australia (FFA) Chief Executive, James Johnson has outlined his priorities in taking on the role including separating the A-league from the...
Jan 15, 2020
Events /
Sport /
Finance
Formula 1 secures first ever gambling sponsor
Global motorsport series Formula One has announced its first ever gambling sponsor, online bookmaker, 188Bet. The deal is focussed on the Asia region, and covers a five-season...
Jan 13, 2020
Events /
Tourism /
Finance /
Entertainment
ASTN announces 2020 business accelerator program
The Australian Sports Technologies Network (ASTN) has announced that applications are now open for its Accelerator Cohort 7 business support program. Having accelerated 30...
Jan 12, 2020
Sport /
Finance /
Technology
Upgrades to main community sporting field on Thursday Island now complete
Upgrades to Thursday Island’s Ken Brown Oval, Torres Strait’s home of rugby league, are now complete with the Queensland Government having invested almost $1 million in support...
Jan 11, 2020
Sport /
Finance /
Surfaces