Lagardère SCA Announces 2011 First-Half Results
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This growth is due mainly to the strong performances of World Sport Group, owing, in turn, to the holding of the Asian Football Cup early in the year 2011.
These performances were partially offset by:
- the non-recognition by World Sport Group (WSG) of revenues from the 2011 Indian Premier League
(cricket), following the litigation between WSG and the Board of Control for Cricket in India (BCCI). All
revenues have been placed in an escrow account by an Indian court, pending a resolution of the
litigation;
- the non-occurrence of the African Cup of Nations (which created a negative comparison basis for
Sportfive vs. 2010);
- weaker-than-expected sales performances by IEC in Sports.
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