Finance & Law
NBA legend Wade acquires Utah Jazz ownership stake
National Basketball Association superstar Dwayne Wade has joined the Utah Jazz ownership group, it has been announced
AOC records A$900,000 deficit as Covid hits, but sponsorship revenue stable
The Australian Olympic Committee recorded a deficit of A$900,000 ($697,000/ €581,000) after the Covid-19 pandemic forced the delay of the Tokyo 2020 Olympic Games.
Investindustrial ‘makes €200m offer’ for Barça Corporate stake
European investment group Investindustrial has made a €200m ($239.7
MMA promotion Invicta secures US broadcasts in Anthem takeover
Invicta Fighting Championship, the US women’s mixed martial arts promotion, has been acquired by media company Anthem Sports & Entertainment in a deal that will grant it US television exposure for the f…
Standard Liège ‘secures upfront bank funding’ against future media-rights income
Belgian top-tier football club Standard Liège has reportedly become the first in the country to agree a deal that gives it an upfront payment in exchange for future television rights income.
Everton partners with Pulse Sport and Entertainment to grow club in North America
English Premier League club Everton has announced a multifaceted strategy to grow its brand, commercial potential, and fanbase in North America
Saint-Étienne seeking new owners
French Ligue 1 football club AS Saint-Étienne is seeking a new owner, with a “reputable” investment bank having been engaged to secure fresh investment.
TrillerNet acquires FITE to create ‘360-degree content engine’
TrillerNet, parent company of AI-driven short video social app Triller, has completed what it calls its “360-degree content engine” by agreeing a deal to acquire combat sports-focused media company FIT…
Saudi Crown Prince ‘called on’ UK PM to intervene in PIF’s Newcastle takeover bid
Crown Prince Mohammed bin Salman called on UK Prime Minister Boris Johnson to intervene in the proposed takeover of Newcastle United by Saudi Arabia’s Public Investment Fund by telling the Premier League t…
Gilbert assumes total control of Cavaliers after acquiring Gund’s minority stake
Billionaire businessman Dan Gilbert has assumed total control of the National Basketball Association's Cleveland Cavaliers after acquiring the minority stake held by previous owner Gordon Gund.
GSRM merges with 1190 Sports following acquisition
Global Sports Rights Management, the international broadcast rights-holder to Brazil’s top two football leagues, has announced a merger with 1190 Sports, the Chile-based sports marketing agency.
Univision, Televisa strike $4.8bn merger deal
Agreement creates dominant Spanish-language media entity
Mariners cool Manchester United takeover ‘speculation’
Australian A-League football club the Central Coast Mariners said reports this week of a potential takeover by Manchester United were 'speculation', although confirmed the English team was one of several…
Betano calls foul as Bwin ‘snatches Portuguese Primeira Liga naming rights’
Betting operator Betano has written to Portugal’s top-flight football clubs and threatened legal action against the Portuguese Professional Football League (LPFP), after it was beaten by rival company B…
Özil, Longoria poised to become part of Necaxa investment group
German World Cup winner Mesut Özil is part of an investment group that is looking to acquire a 50-per-cent ownership stake in Liga MX side Necaxa, according to multiple reports.
FA’s Simmons: WSL can be self-sustainable after ‘couple of media-rights cycles’
The Women’s Super League, the top tier of women’s club football in England, still needs to go through a number of media-rights cycles before it is able to become self-sustainable, according to director of …
Forbes list sees Barcelona assume top spot, toppling Real Madrid, Manchester United
Real Madrid and Manchester United’s hold on Forbes’ list of the world’s most valuable football clubs has been broken by Barcelona, which has assumed top spot for the first time.
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