News: Finance
City of Sydney to consider expanded financial relief for cultural and creative sectors
City of Sydney to consider expanded financial relief for cultural and creative sectors The City of Sydney Council will tonight (30th March 2020) consider a plan to deliver a $47.5 million…
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Tasmanian sports organisations to get financial assistance from state Government
The Tasmanian has announced that it is to support grassroots Tasmanian sports organisations "through these difficult times" with $2 million in grant s to ensure their continuity…
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AFL and players agree pay-cut deal through Coronavirus shutdown
With the season currently shutdown, the AFL has announced that players have agreed to take a 50% pay cut until the end of May. The AFL and the AFL Players' Association (AFLPA) agreed…
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Major entertainment promoters call for Australian Government support through Coronavirus crisis
Australia’s largest live entertainment companies Live Nation, Frontier Touring, Chugg Entertainment and TEG have submitted an open letter to Australian Prime Minister Scott Morrison…
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Doubts over Australian ski season as Coronavirus restrictions impact
Government bans on gatherings look set to impact the Australian ski industry with fears that the ski season, which normally commences in June, may even be cancelled. With March and the…
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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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