Global
Arctos closes second sports investment fund at more than $4.1bn
Private investment firm Arctos has announced the final close of Arctos Sports Partners Fund II, the latest iteration of its sports fund, with over $4.1bn (€3.8bn) in capital commitments.
Americas growth the target as Liberty finalises Dorna takeover
Liberty Media has targeted the Americas as the main growth region for MotoGP after striking a deal for Dorna Sports that values the series promoter and rights-holder at €4.2bn ($4.5bn).
ICC launches data rights, services tender to 2027
An invitation to tender (ITT) for official data rights to the International Cricket Council has gone live today (Thursday)
Lola Cars, Yamaha unite for Formula E tilt; Nissan commits to Gen4
Nissan has become the first of Formula E’s current manufacturers to recommit for its Gen4 era, while fellow Japanese company Yamaha has broadened its motorsport involvement by teaming up with relaunched British firm, Lola Cars, for a campaign in the electric car-racing series.
ATP Media rolls out latest phase of remote production plan
ATP Media intends to have put in place full remote production in two years’ time as it joins other sports rights-holders in embracing the technology designed to streamline costs and reduce carbon footprint.
Liberty Media’s Dorna takeover set to drive F1-MotoGP efficiencies
Dorna Sports’ expected sale to Liberty Media for over €4bn ($4.3bn) offers the potential to generate a host of commercial efficiencies across both Formula 1 and MotoGP in a watershed moment for motorcycling.
Samsung backs breaking, skateboarding and surfing
Long-standing Olympic sponsor Samsung has become a commercial backer of breaking, skateboarding and surfing properties ahead of Paris 2024 but sponsorship support for the sports’ governing bodies remains m…
New R&A TV provides dark market solution, could add more golf rights
The OTT platform launched by the R&A using Endeavor Streaming technology has been set up to gather consumer data and provide a vehicle to stream the Open in markets devoid of competition.
FEI’s De Vos set to assume ASOIF presidency
International Equestrian Federation (FEI) president, Ingmar De Vos, is poised to become the new president of the Association of Summer Olympic International Federations (ASOIF), it was announced today (Tuesday).
Topps retains F1 contract in competitive trading card space
Topps, the physical and digital trading card brand owned by global merchandising company Fanatics, has retained its contract with Formula 1 motor racing in a multi-year renewal.
Krauss to vacate Infront Austria MD, winter sports roles
Stefan Krauss, the long-standing managing director of Infront Austria and the agency’s vice-president of winter sports, is to leave the company by the end of next month.
Sportradar swings to Q4 profit, bullish on Brazil betting
Sportradar swung back into the black in the fourth quarter thanks to growth across all segments, sending the sports data and betting services firm’s share price soaring to a temporary seven-month high in Wednesday morning trading.
Fifa 2023 revenues buoyed by WWC, sponsorship makes up 39 per cent
World governing body FIFA enjoyed income of $1.17bn (€1.07bn) in 2023, boosted by strong commercial revenues from the Women’s World Cup in Australia and New Zealand.
EXCLUSIVE: Markowski exits DAZN, IMG’s Ridout to head up combat sports
Joe Markowski is leaving his role as chief executive of DAZN in North America with IMG’s Michael Ridout to take on certain duties heading up the broadcaster’s combat sports activities, SportBusiness can reveal.
Matchroom reaffirms investment appeal with £34m profit
Matchroom Sport delivered a profit of £33.8m during the 2022-23 financial reporting period on the back of strong performances from its darts and boxing verticals, SportBusiness has learned.
Adidas global revenues drop 5 per cent after Yeezy split
German sportswear company Adidas suffered a five-per-cent reduction in total revenues in 2023 and posted reduced operating profits of €268m ($293.2m) after severing ties with controversial rapper and fashion designer Kanye West’s Yeezy brand.
UWW issues RFP for media, betting and sponsorship rights
United World Wrestling has issued a global request for proposal from 2025 onwards covering broadcast, betting and sponsorship rights to its major competitions.
Fifa embarks on legal team recruitment drive following staff exodus
Fifa is recruiting new executives to join its in-house legal team after a large number of senior legal counsels handed in their notice in the space of a few months, SportBusiness understands.