No team sales hit Watford profits

Watford Football Club outlines a plan to raise money from shareholders to stop the club falling into administration.

Watford Football Club stands on the brink of administration following demands from creditors for £4.9m in outstanding loans.

GLOBAL: Gulf Finance House (GFH) who currently owns a 70% stake in Leeds United Football Club (LUFC) has issued a clarification regarding a statement it made in its 2012's financial statement stating that it has an 'active plan' to sell its stake in LUFC, and has already begun negotiations with prospective buyers...

China's leading search engine firm Baidu reports a sharp increase in profits but warns revenue will be hit by a new advertising system.

John Henry, a hedge-fund manager who owns the Boston Red Sox, made an offer to buy Liverpool Football Club, the British soccer team, that spurred a shake up of the club's executive board.

British bank Standard Chartered said Wednesday that net profits rose 9.5 percent in the first half of 2010, as bad debts more than halved at the emerging markets group.Profits after tax climbed to 2.181 billion dollars (1.649 billion euros) in the six months to the end of June, which compared with 1.991 billion dollars in the same part of 2009, the lender said in a results statement.Loan impairment losses plunged 60 percent to 437 million dollars in the first half, compared with 1.09 billion dollars last time around.

William Mack submits: