FINANCE & LAW PORTAL

The Walt Disney Co.'s previously high-flying direct-to-consumer business posts its weakest growth to date in its latest quarterly earnings report, while the company makes perhaps its strongest endorsement yet of being involved in legal sports betting. US Editor Eric Fisher reports.

The two new IPL franchises auctioned at the end of October attracted eye-popping valuations of $760m and $950m. SportBusiness spoke to Indian sports industry experts to understand the valuations and establish what they mean for the market.

In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Mark Locke, Genius Sports chief executive. Eric and Chris also wrap up Major League Baseball’s 2021 World Series, and discuss recent developments in the United States sports betting market, workplace conduct issues involving several pro teams, new funding for sports data and analytics company Kitman Labs, and the troubled efforts of Sinclair Broadcast Group to create a direct-to-consumer streaming product.

The cost of staging the delayed 2021 Australian Open has seen Tennis Australia post a loss of A$100.02m (€62.3m/$70.4m) over a 15-month period in its latest set of financial results.

The total cost of the postponed 2020 summer Olympic and Paralympic Games in Tokyo could be lower than ¥1.5tn (€11.7bn/$13.3bn) as the absence of spectators helped to cut costs, according to a new report.

The IMG agency has added to its tennis portfolio through an agreement to acquire the Mutua Madrid Open, a leading event on both the men’s ATP Tour and women’s WTA Tour.

Churchill Downs is reportedly exploring a sale of its sports betting arm TwinSpires Racing in a deal which could fetch $1.5bn (€1.3bn).

In this recording of the first ever SportBusiness Legal Clinic, our panel of experts suggest the European Super League project hasn't gone away, discuss the operational challenges of organising major sports events post-pandemic and outline the legal considerations in developing documentaries for platforms like Netflix.

Private equity houses have been examining a host of league investment opportunities across European football with Serie A, Bundesliga and La Liga all reported to be examining the idea of selling stakes…

As Serie A weighs up six proposals from private investors, Ben Marlow, managing director, Asia Pacific, for football consultancy firm 21st Club, explains the sudden interest in the league and tells editorial…

The National Football League’s San Francisco 49ers reportedly have an agreement in place to take total control of Premier League club Leeds United in a deal worth more than £400m ($530m).

US media group Discovery is in talks to form a joint venture with BT concerning the UK telco’s BT Sport arm, according to reports.

Portuguese Primeira Liga giants Sporting and FC Porto are among six clubs who have been threatened with bans from European competition as part of the latest raft of Financial Fair Play sanctions issued…

Gabriel Catrina, chief financial officer at Nordic Entertainment (Nent) Group, has died suddenly after a short illness

Lamine Diack, the controversial former president of World Athletics, has died at the age of 88

A Madrid court has once again sided with the Spanish Football Federation (RFEF) over the governing body’s decision not to authorise a LaLiga match between Girona and Barcelona in the US city of Miami b…

The International Equestrian Federation (FEI) has extended its Official Nutrition Partner agreement with equine nutrition brand Cavalor for a further five years

After Sinclair Broadcast Group president and chief executive Chris Ripley said earlier this year the company had direct-to-consumer rights for “the vast majority of our teams,” he was forced to acknowledge in the company’s latest earnings call on November 3 it currently holds explicit direct-to-consumer streaming rights for just four MLB clubs. US Editor Eric Fisher reports.

In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Bo Han, Buzzer founder and chief executive. Eric and Chris also discuss issues surrounding Major League Baseball’s World Series, the merger of esports organization FaZe Clan with a special purpose acquisition company, potentially mounting issues for Peacock, growing scrutiny surround National Football League commissioner Roger Goodell, and Greg Norman’s developing effort to create a new golf series.

New Zealand Rugby chief commercial officer Richard Thomas tells SportBusiness how the All Blacks' recent trip to the States is designed to help grow the game locally as well as the organization's financial pulling power.

After an explosive Indian Premier League franchise bidding process, it is clear the tournament has changed cricket forever. James Fenn, associate director at Hill + Knowlton Strategies, looks at a landmark week for cricket