Finance & Law
Genius Sports plans offering of up to 23 million shares
Secondary offering arrives less than two months after company became public
Orange ordered to pay Mediapro €3.6m in Téléfoot case
The Commercial Court of Paris has ordered telco Orange to pay €3.6m ($4.3
One Championship backers remain ‘fully engaged’ following board departures
Group One Holdings, the Singapore-registered owner of mixed martial arts promoter One Championship, has said its investors remain “fully engaged” after two directors working at firms invested in the gro…
CVC seeking to create combined ATP and WTA commercial entity
Investment firm CVC is in talks to combine ATP and WTA tennis rights in a deal that would create a new commercial entity valued at $4bn (€3.3bn).
E1 Series gains backing from Saudi Public Investment Fund
Saudi Arabia’s Public Investment Fund has made the world’s first electric powerboat racing championship, E1 Series, its latest investment project in the global sports market.
Manchester United looks to offer shares in club to supporters
American-owned Premier League club seeks to address rising fan unrest
Kenny Gersh on MLB’s intersection with NFTs and legal sports betting
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Kenny Gersh, Major League Baseball executive vice president of business development. Eric and Chris also discuss the recent earnings report for Endeavor and the company’s new hospitality deal with the International Olympic Committee, the return of the United States Football League, and a major funding round for the Premier Lacrosse League.
Media rights account for 41 per cent of Fiba’s CHF65m revenues in Covid-hit year
Revenues at the International Basketball Federation (Fiba) dropped to CHF65m (€59.4m/$72.3
DC United secures investment from NFL star Ingram
Major League Soccer's DC United has secured a minority investment from National Football League running back Mark Ingram II
Uefa prize money offsets Covid-19 impact on Pro League
Professional services firm Deloitte’s latest socio-economic study of Belgium's Pro League has found that Covid-19 had a lower than anticipated financial impact on the top tier of Belgian club football i…
Endeavor’s 160over90 invests in ‘multicultural marketing’ agency Obsidianworks
160over90, the marketing services arm of sports and entertainment group Endeavor, has announced a strategic investment and partnership with Obsidianworks, the marketing agency founded by actor and producer…
Sports holdings play key role in improved Endeavor financials
Newly public company reverses big pandemic-fueled loss to small net gain
Kraft, Tsai lead new Premier Lacrosse League funding round
The Premier Lacrosse League has announced that it has closed an additional round of funding, which is led by private investment platform Arctos Sports Partners, the Kraft Group, and return investor Joe …
RugbyPass acquires Sports Analytics
Sky New Zealand-owned digital media platform RugbyPass has moved to acquire sports data and analytics company Sports Analytics
MLB, MLBPA hit with lawsuit over ASG relocation
Conservative advocacy group seeks $1.1bn in compensatory, punitive damages
Luca Ferrari | Does Uefa have the right to punish breakaway ESL clubs?
Luca Ferrari, head of the global sports practice for legal firm Withersworldwide, examines whether Uefa is within its legal right to punish the three clubs that have refused to repent their involvement in the breakaway European Super League
Liga MX’s Club Necaxa offering one per cent ownership stake via NFT auction
Liga MX team Club Necaxa is offering a one-per-cent stake in the club through a unique non-fungible token (NFT) auction this summer.
Rangers launch fan share offering to help ‘future-proof’ the club
Scottish Premiership football club Rangers has announced the launch of a fan share offering, through which it aims to raise £6.75m (€7.8m/$9.6m).