News: Finance
Wanda to sell Ironman for US$730 million
Wanda Sports Group has announced it has entered into a definitive stock purchase agreement to sell its Ironman business to USA-based media company, Advance Publications, owner of publisher…
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NRL players face 87% wage cut as clubs stand down staff and coaches
As the NRL faces up to the scenario of a drastically shortened season, the League has asked its players to take a pay cut of up to 87% With clubs standing down staff and coaches, the…
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Tokyo Olympics organisers face ‘massive’ facilities costs for rescheduled Games
The Tokyo 2020 organising committee has advised that it is facing “massive” additional costs in securing the facilities needed to deliver a rescheduled summer Olympic Games in…
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Viva Leisure sheds more than 1,000 staff in 48 hours
Leading fitness facility operator Viva-Leisure has been forced to stand-down or let go more than 1,000 staff members in a 48 hour period this week as Government measures to halt the spread…
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Total Sport and Entertainment acquire ownership of NSW sole WNBL franchise
Basketball Australia and The Sydney Kings have announced that the Club's ownership group, Total Sport and Entertainment (TSE), have acquired full ownership of the NSW sole…
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Gold Coast tourism leader says Coronavirus restrictions ‘death by a thousand cuts’
Destination Gold Coast Chief Executive, Annaliese Battista has described the series of escalating Federal Government restrictions aimed at reducing the spread of Coranavirus as…
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Aquatic sector could lose $900 million in revenue as Prime Minister Morrison advises that all commercial pools must close
Acknowledging that all commercial swimming pools, including swim schools, must cease operations by midnight tonight (25th March 2020), Royal Life Saving Society - Australia has highlighted…
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Opera Australia announces employee support package to limit Coronavirus impact
Opera Australia has today announced details of an employee support package designed to retain their workforce in the face of widespread layoffs across the arts and entertainment sectors…
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