Finance & Law

The Drone Racing League (DRL) has been acquired for $250m (€234.3m) by Infinite Reality in a deal the technology and entertainment company states boosts its valuation to $3.5bn.

LiveMode has taken on strategic investment from US growth equity firm General Atlantic and Brazilian financial services company XP Investimentos, backers of one of two groups bidding to control commercial operations in Brazilian football.

Alasdair Bell is to leave his position as deputy secretary general of Fifa after playing a crucial role at the world governing body for the past six years as a key aide to president Gianni Infantino

The National Hockey League's board of governors, made up of league owners, has approved the $1.2bn (€1.1bn) sale of the Arizona Coyotes to Smith Entertainment Group (SEG), the owners of several Utah pro sports franchises.

The National Football League is preparing to be the final major North American sports league to permit private equity investment, albeit with certain stipulations attached to any deals.

Portuguese Primeira Liga club FC Porto has agreed a 25-year deal with Spanish company Ithaka to sell 30 per cent of the economic rights to its Dragão stadium in return for a €65m ($69.2m) investment.

ActivisionBlizzard, the publisher and operator of the Call of Duty League, has formally abandoned its dream of replicating the US professional sports model in esports, waiving and refunding all franchise entry fees for the CoD League’s constituent teams in a bid to save the competition.

Hertha Berlin BSC is on course to turn a profit for the 2023-24 season after a cost-cutting programme and the receipt ahead of schedule of a €22m ($23.4m) tranche of its investment from new owners 777 Partners.

Regional sports network (RSN) owner and operator Diamond Sports Group has taken another step towards exiting Chapter 11 bankruptcy protection, after a judge scheduled a June 18 confirmation hearing.

New sponsorship deals have been the main driver of revenue growth for the Mercedes Formula 1 team after it announced record turnover of £546.5m (€640m/$681m) for 2023.

Plans to list FC Barcelona’s Barça Media business in the US will be shelved at the end of this month if the Spanish club does not receive the €40m ($42.5m) it is owed from such a deal, following further renegotiations to the agreement.

Chelsea FC has sold a hotel and land worth more than £76m on its Stamford Bridge stadium site to parent company BlueCo in an apparent attempt to reduce its losses in order to comply with the Premier League's Profitability and Sustainability Rules.

Anders Besseberg, the disgraced former president of the International Biathlon Union (IBU), has been sentenced to three years and one month in prison for aggravated corruption.

The proposal of a curtailed budget of between £130m and £150m for a 2026 Commonwealth Games in Glasgow, with £100m offset by the CGF, could serve as a blueprint to help attract hosts for future editions.

The attempted takeover of Everton by 777 Partners is approaching a critical stage with growing doubts over the US investment fund’s ability to the finance the deal, and concerns for the very existence of the Premier League club.

Leading talent representation and marketing company Wasserman is attempting to broaden its influence in women's football away from its United States heartland by acquiring the UK's Volante Sports agency.