Finance & Law
Ranadive increases Kings ownership stake as Arctos Sports joins investment group
Sacramento Kings majority owner Vivek Ranadivé has increased his stake in the National Basketball Association team, while Texas-based sports investment fund Arctos Sports Partners has also acquired a …
49ers mark 75th anniversary with inclusive menu offering and global supporters’ club
NFL team demonstrates its forward-thinking, internationally-minded outlook with the introduction of its Member Inclusive Menu and establishment of a global supporters club. Bob Williams reports.
777 Partners acquires Serie A’s Genoa
Florida-based alternative investment firm gains control of Italy's oldest club
Dapper Labs raises another $250m as NFTs continue to surge
Canadian blockchain company more than triples its prior valuation
Sony Pictures Networks agrees to invest $1.58bn in landmark Zee merger
Indian pay-television broadcaster Sony Pictures Networks and media company Zee Entertainment have announced plans to merge into a publicly-listed company
DraftKings makes dramatic $22.4bn proposal for Entain
US gaming operator looks to significantly expand its global profile
World Athletics rebuilds reserves after $6.8m RusAF fine and 38-per-cent cost cuts
World Athletics managed to rebuild its cash reserves by 17 per cent to $40m (€34.1m) in 2020 thanks to a further payment of $6.8
PwC Sports Survey: Controlling costs more important than increasing revenues
Nearly 60 per cent of football executives believe that sports organisations should focus primarily on controlling costs rather than increasing revenues, according to the findings of an annual survey conducted…
Sorare valued at $4.3bn after $680m Series B round led by SoftBank
Football-focused non-fungible token trading platform Sorare has claimed a record-breaking fundraising round of $680m (€579.9
Jordan ups equity stake in Sportradar, becomes advisor to BOD
Global sports icon increases his industry presence with heightened company role
Manchester United registered £92.2m net loss in 2020-21
Manchester United registered a net loss of £92.2m ($126.1m/€107.7m) for the year ending June 30, 2021 as the impact of the Covid-19 pandemic continued to show in its financial results.
Juventus losses hit record level of €209.9m
Juventus has seen its losses more than double to a record high of €209.9m ($245.7m) for the year ending June 30, 2021, as the Italian Serie A club saw Covid-19 badly affect its business model.
Eventellect CCO Kate Howard on the changing dynamics of sports ticketing
In this week’s episode podcast co-hosts Eric Fisher and Chris Russo interview Kate Howard, chief commercial officer for Eventellect, a Texas-based ticket distribution advisory firm that has quickly become one of the key industry players in the management of live sports attendance. Eric and Chris also discuss the initial public offering for global sports data provider Sportradar, strong early-season business metrics for the National Football League, a substantial funding round for international esports organization the Mobile Premier League, and revenue distribution recommendations for college sports in the United States from the Knight Commission.
LaLiga trio to challenge CVC deal
Spanish LaLiga clubs FC Barcelona, Athletic Club and Real Madrid have announced they will challenge the agreement reached between the organising body of the top two tiers of Spanish club football and private…
Ares Management secures $150m Inter Miami investment as Claure, Son sell minority stakes
Inter Miami CF minority owners Marcelo Claure and Masayoshi Son have finalized the sale of their investments in the Major League Soccer team to Jorge and Jose Mas
Dortmund plans to raise €86m through new shares issue to offset pandemic losses
German Bundesliga team Borussia Dortmund has announced a capital increase via the issuance of over 18 million new shares as it attempts to counteract the losses accrued over the course of the Covid-19…
Mediaset shows signs of recovery with first-half results
Italy-based commercial broadcaster Mediaset has posted a net profit of €226.7m ($266.5m) for the first half of 2021, a significant increase on the same period in 2019.