Finance & Law
Features
Mind the gap: How football clubs can access financing after lockdown
Jerry Korczak, managing director, sports finance, at Macquarie Group, considers the range of finance options available to football clubs to help them navigate the challenges ahead
“There’s a value opportunity” | Why investors are circling Serie A
As Serie A weighs up six proposals from private investors, Ben Marlow, managing director, Asia Pacific, for football consultancy firm 21st Club, explains the sudden interest in the league and tells editorial…
Serie A | Can new investors wake football’s sleeping giant?
Ben Marlow, managing director of 21st Club in Asia Pacific, looks at the rise and fall of Italian Serie A, and considers the ways in which the league can rise once again
Robert Weisbein, Gregory Marino, and Emily Ostreich | Has a trademark Hog muddied the Washington Football Team’s name change plans?
A trio from Foley & Lardner LLP look at the complex trademark issues surrounding the pending name change for the Washington Football Team.
Varnish Employment Appeal ruling may not be the end of the road
Emily Chalkley, senior associate at law firm Charles Russell Speechlys, explains why the UK’s Employment Appeal Tribunal ruled against cyclist Jess Varnish’s claim that she was employed and unfairly dismissed by British Cycling and assesses the impact of the decision
Round-Up: KBO opens to more fans, RA sets Super Rugby deadline, US Open withdrawals, and more
The Korean KBO basketball league yesterday increased the number of fans allowed into games from 10 per cent of stadium capacity to 25 per cent - Naver
Nike financially ‘hammered’ by Covid-19 but Knight optimistic for sport’s comeback
Nike underperformed Wall Street expectations by more than $900m ($762
Formula 1 Q2 revenues down nearly $600m due to Covid-19
The Covid-19 pandemic caused Formula 1’s revenues to drop by just under $600m (€510m) and 96 per cent year-on-year, according to the latest set of second-quarter results published by owners Liberty Med…
Swansea City secures new US investment
English Football League club Swansea City has secured new American investment after private finance entrepreneur Jake Silverstein acquired an undisclosed stake in the Championship team
Doug Harmer | FFP: Strong leadership is now required by Uefa
In light of the recent developments concerning CAS's decision to overturn Uefa’s two-year Champions League ban on Manchester City, Doug Harmer, partner at Oakwell Sports Advisory, discusses the role of Uefa and navigating the fiscal challenges of a post-lockdown world
“The math just kept getting worse” | Why Toronto Wolfpack pulled plug on Super League season
Toronto chief executive Bob Hunter tells SportBusiness the club is expecting to face serious "consequences" of withdrawing from 2020 campaign at late notice due to coronavirus-enforced financial problems
US college sports face critical juncture as Covid-19 cancellations mount
Months after Covid-19 wiped out the entire spring season in US college sports, still-growing virus case rates now imperil the fall season and escalate economic tension around the country
How Kevin Durant and Philadelphia Union both stand to benefit from NBA player’s minority stake
Philadelphia Union majority owner Jay Sugarman and Durant's business manager Rick Kleiman tell SportBusiness why Brooklyn Nets forward's investment in MLS team will be mutually beneficial and explain how the deal came about.
Sports broadcasting: Cancellation and compensation in the time of Covid-19
The negotiations between sports organisations and their commercial partners around the cancellation, postponement and non-delivery of rights has been one of the biggest storylines during the coronavirus crisis. Jody MacDonald, partner at international law firm Charles Russell Speechlys, takes a closer look at the implications
David Berdugo | Money management issues for athletes during the Covid-19 crisis
David Berdugo, manager for the sports and entertainment department for the MBAF accounting firm, explores the large-scale impact of the Covid-19 pandemic has levied upon professional and amateur athlete income.
Garth Shephard: ‘The sports tech market feels like it’s going through an early adopter phase’
Garth Shephard, a partner at recently-launched sports tech investor and adviser Sightline Ventures, discusses how technology is driving sport in response to generational shifts and how swifter adoption of new technologies will keep significant new revenue within sport and not in the pockets of third parties
Cricket Beyond Covid | Connor, Gould and McCrum on the postponement of The Hundred
In part 2 of our cricket roundtable interview with Clare Connor, managing director of Women's cricket at the ECB, Jake Lush McCrum, chief operations officer for the Rajasthan Royals and Richard Gould,…
Infront’s Bruno Marty – Smaller properties can flourish if they innovate and engage
Bruno Marty, senior vice-president of the ProSports unit at Infront, discusses the impact of sport's Covid-19 induced liquidity crisis, how properties can emerge stronger, the role of private equity i…
Bruno Marty: Sticking to guiding principles is key to building the post-Covid-19 future
Private Equity firms can partner rather than exclude established agencies
Co-operation not confrontation needed to address liquidity crisis
Wall Street embraces promise of US sports wagering
Despite ongoing turbulence in the US stock market due to Covid-19, sports gambling has been a high-performing sector with analysts expecting robust long-term growth
Charles Schwab ready to seize its moment in spotlight as PGA Tour makes return
Multi-national financial services company will gain huge reach as the title sponsor of the first event back on the PGA Tour in the wake of the Covid-19 pandemic, writes Bob Williams
How the AFL used its biggest asset to tackle Covid-19 financial woes
The Australian Football League is using Melbourne's Marvel Stadium to help secure its fiscal future from the effects of the Covid-19 pandemic. Tom King reports.
Nic Couchman | The long view – investment opportunities in the rebuilding of sport
Nic Couchman, head of sport at Charles Russell Speechlys, considers the role that private equity might play in the building of ‘Sport 2.0’
‘Eight to nine clubs in the Championship are available for sale’ | Adam Sommerfeld, Certus Capital Partners
Covid-19 pandemic means ‘up to 50 per cent’ of EFL clubs available for sale as distressed assets
Premier League clubs thinking of selling minority shareholdings
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Legal challenges ‘inevitable’ after pandemic leaves mark on football calendar
As the end of May approaches and the Premier League continues to work on ‘Project Restart’, Adam Nelson examines the legal issues facing English football’s operating bodies as they push for football’s return.
Carla Varriale-Barker – More than words: the business of sports, Covid-19, and force majeure clauses
Carla Varriale-Barker, shareholder in the New York office of Segal McCambridge Singer & Mahoney, Ltd. and the chair of the firm’s Sports, Recreation and Entertainment practice group, discusses the meaning of increasingly prominent force majeure clauses in the sports industry
Chinese football tackles salary reduction
Shen Jiang, senior associate at Jingtian & Gongcheng, and Luca Ferrari, partner and global head of sports at Withers, consider the legal issues around the player wage reductions now agreed by all Chinese Super league clubs
Mitchell Ziets – Key elements of the Covid-19 recovery
Mitchell Sports, chief executive of boutique sports advisory firm Tipping Point Sports LLC, examines the key elements of the industry's recovery from the pandemic