Finance & Law

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).

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…

In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview 777 Partners managing director Juan Arciniegas. Fisher and Russo also discuss Major League Baseball’s lockout of the MLB Players Association, Sinclair Broadcast Group’s new digital rights deal with the National Hockey League, and the $840m funding round for India-based fantasy sports platform Dream Sports.

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

Real Madrid president Florentino Pérez is set to put forward a proposal backed by US-based financial services company JP Morgan as an alternative to the LaLiga Impulso venture between the organising body …

LaLiga Impulso, the venture between the organising body of the top two divisions of Spanish club football and private equity firm CVC Capital Partners, has moved a step closer to being formally launched,…

Leading American stock car racing team Richard Petty Motorsports has sold a majority interest in the company to GMS Racing, in a deal which includes two Nascar Cup Series charters.

French football authorities have called for a greater share of the solidarity payments to French clubs who do not compete in Uefa club competitions during the 2021-24 cycle

Lancer Capital, the US investment group chaired by Avram Glazer, has made its first foray into cricket by acquiring a franchise in the new UAE T20 League