FINANCE & LAW PORTAL
Matchroom fighting for £1bn valuation as investors circle
Matchroom's Eddie Hearn talks exclusively to SportBusiness about private equity interest, the death of PPV boxing and the rise of influencers.
World Rowing navigating choppy waters in bid to diversify revenues
How partnerships on and off the water are helping World Rowing to democratise the sport, attract new audiences and lessen the governing body’s reliance on Olympic revenues.
Sport does not know the origin of its private equity money, SportBusiness report suggests
Sports rights-holders often have little to no idea about the origin of the money they are accepting from private equity funds, a new 90-page SportBusiness report has found.
Piqué under investigation for Saudi Supercopa hosting deal
Gerard Piqué, the former Barcelona and Spain footballer who co-founded Kosmos, has been placed under official investigation by a Madrid court for the agency’s role in a deal to take the Supercopa de Es…
Supertri opts for franchise structure
Triathlon events organiser Supertri has announced a new structure of franchise-based ownership after confirming the first team in its new league will be Podium Racing
Winners Alliance welcomes $40m in new funds from existing investors
Existing investors Pershing Square Foundation and Prysm Capital are among those injecting fresh funding.
Red Bull invests in Leeds stake, shirt sponsorship
Red Bull has extended its multi-club ownership portfolio into English football by acquiring a minority stake in Leeds United.
Sports Matters Academy | Legal Matters
Two leading professionals explain the work of sports lawyers, in the penultimate session from educational content series Sports Matters Academy
Webinar | Athlete entrepreneurship: Forging new opportunities off the field while still on it
In a replay of an April 14 webinar, we explore the implications of fast-increasing activity by professional athletes in outside business ventures while still actively competing in their respective sports.
Japan Rugby League One takes club game into new era with ‘hybrid’ commercial model
Hajime Shoji, the COO of Japan's domestic rugby union league, explains how the competition has been extensively remodelled to capitalise on a surge of interest in rugby in Japan following the country's hosting of the 2019 World Cup.
IBA announces Olympics prize money despite losing IOC recognition
Despite losing International Olympic Committee (IOC) recognition as the sport's global governing body, the International Boxing Association (IBA) has announced plans to award prize money for Olympic competitors…
Madrid court rules Fifa, Uefa ‘abused’ positions in ESL threat
A Madrid court has found in favour of the city's top football club in an ongoing legal battle surrounding the failed European Super League (ESL) project, in which once again all sides have claimed victory
Financial impact of France’s RWC details €1.8bn spend
A report from consulting firm EY has found that last year’s Rugby World Cup in France generated €1.8bn ($2bn) of spend and a net input of €871m for the host country.
NCAA agrees to athlete revenue sharing in $2.8bn antitrust settlement
The NCAA and its five biggest conferences have agreed to a $2.8bn settlement in several antirust cases that will usher in a new era of college sports by allowing schools to directly pay athletes.
RedBird, Weatherford open PE firm for college investments
RedBird Capital Partners and Weatherford Capital have announced a new private equity firm, Collegiate Athletics Solutions (CAS), to invest in public and private university athletic departments in the United…
Chinese influence in decline as US fund Oaktree takes control of Inter Milan
US investment fund Oaktree Capital has taken control of Italian Serie A champions Inter Milan after the club’s Chinese owners Suning failed to meet a deadline for repaying a €395m ($428m) debt.
Administration spells final death knell for ‘scattergun’ Cazoo sponsorship model
News of the administration at Cazoo, the online car dealer which once listed on the New York Stock Exchange with an $8bn valuation, deals a final blow to the remnants of an already decimated sponsorship portfolio.
SportBusiness at Sportel Rendez-Vous Miami: Private equity investing in sport
SportBusiness invites you to a Masterclass at Sportel Rendez-Vous Miami on Tuesday, May 9, at 9.50am local time
Malaysian Football League hits reset, aims for return to ‘glory days’
Recent changes in Malaysian club football include league restructure and major new commercial deals
Len Perna on shaping the next wave of sports industry leadership
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Len Perna, chairman and chief executive of TurnkeyZRG. Fisher and Russo also discuss the National Football League’s handling of governance matters surrounding the life-threatening, on-field injury of Buffalo Bills safety Damar Hamlin, ownership changes within Candy Digital, Cristiano Ronaldo’s historic signing with Saudi Arabian football club Al Nassr, Vince McMahon’s return to operational control of World Wrestling Entertainment, and John Henry’s leadership of Fenway Sports Group.
World Cup piracy ‘explodes’ in some Asian markets, subsides in others
Two major East Asian markets report rampant piracy of Fifa World Cup matches in December, while piracy challenges subside in some other markets.