Finance & Law

Chelsea has raised $500m (€466.7m) in fresh investment from US fund Ares Management as the club’s American owners seek to expand their multi-club network after spending more than $1bn on player transfers since buying the Premier League club from Russian Roman Abramovich in May 2022.

Banks that have loaned money to Viaplay have appointed an external adviser to aid negotiations over the subscription streaming broadcaster’s debt burden, it is claimed.

Professional American football leagues, the XFL and USFL, are looking to merge and create one unified alternative, spring football league

The absence of blue-chip brands at last weekend’s Davis Cup matches across Europe is the surest sign yet that the format is dead and a leadership change is required at the International Tennis Federation (…

Everton has announced today (Friday) that Miami-based investment fund 777 Partners has signed an agreement to acquire Farhad Moshiri’s full stake in the Premier League club, which accounts for 94.1 per cent of the shares.

The Asian Football Confederation (AFC) has terminated its exclusive eight-year commercial rights contract with Football Marketing Asia and is poised to appoint a new special purpose vehicle likely to comprise…

Canadian sports drink BioSteel, a sponsor of the National Hockey League (NHL), has announced that it has sought and obtained "an initial order for creditor protection from the Ontario Superior Court of…

Data, technology and broadcast services group Genius Sports has today (Thursday) announced the commencement of a public offering of 20 million ordinary shares by an affiliate of investment funds advised by Apax Partners, which acquired a majority stake in the company in 2018, at a price of $5.35 (€5.02) a share.

College athletics media and technology company Learfield has announced a "comprehensive deleveraging transaction" with its lenders to reduce its outstanding debt by more than $600m (€559m) as the company s…

The two largest professional pickleball organisations, Major League Pickleball (MLP) and the PPA Tour, have announced a merger backed by an investment of $50m (€46m).

Viaplay Group continues to dispose of more equity after Norwegian media group Schibsted secured a 10.1-per-cent shareholding in the financially troubled broadcaster. Viaplay has already sold a 6

777 Partners, the Miami-based investment fund reportedly in talks to buy Premier League club Everton, has launched a supporters’ bond to raise money for a new training centre at Italian club Genoa.

Spanish LaLiga club FC Barcelona could be forced to postpone the planned US listing of its Barça Media business after German fund Libero Football failed to meet an August deadline for a proposed €40m ($…

Viaplay’s share price dropped a further 27.5 per cent last week, its biggest decline since early June when chief executive Anders Jensen resigned amid a worsening financial situation at the subscription streaming and linear broadcaster.

Commercial Sports Media (CSM) is looking to leverage the fast growth of sports technology companies across the Nordic region with the creation of an investment arm to service the sector

Oregon State and Washington State Universities, the two remaining Pac-12 schools following the mass exodus to three other conferences, have filed an emergency temporary restraining order against the collegiate…

The co-owners of Sunderland AFC, the second-tier English football club, have acquired SX Global, the Australia-based firm that has a 10-year contract in place to promote and manage the FIM Supercross World…

French billionaire François-Henri Pinault has announced the purchase of a majority stake in leading entertainment and sports firm Creative Artists Agency (CAA) from investment fund TPG.