Finance & Law
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).
Uefa to ‘robustly’ defend itself against Super League legal challenge
Uefa, football’s European governing body, has vowed to “robustly” defend its position after the European Court of Justice confirmed it had received a referral from a Madrid court over a claim that Uefa …
Steve Loy on the business of Phil Mickelson and the future of golf
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Steve Loy, president of global golf for international sports business agency Sportfive and the longtime agent and business partner for iconic golfer Phil Mickelson. Eric and Chris also discuss limited partner lawsuits involving the Minnesota Timberwolves and Tampa Bay Rays, the rising presence of Las Vegas, Nevada, as a major sports market, and the strong performance of American retail chain Dick’s Sporting Goods during the Covid-19 pandemic.
DoJ accepts $80m Julius Baer settlement in Fifa corruption case
Swiss banking group Julius Baer has agreed to pay $79.7m (€65.4
FanCode looks for scale with $50m Dream Sports investment
Indian sports content platform FanCode has received a $50m (€41m) investment from its parent company, sports media and technology firm, Dream Sports.
UK competition regulator investigating CVC’s Six Nations investment
Private equity giant CVC Capital Partners’ investment in Six Nations Rugby, the official organising body of rugby union’s Six Nations Championship and Autumn Internationals, is under investigation by …
US calls for improvement in IP enforcement as Saudi Arabia remains on priority watchlist
The United States Trade Representative office, the government organisation responsible for advising US trade policy, has called on Saudi Arabia to improve its enforcement of IP protection as the Kingdom…
James Paul | Buying low: Why investment will continue to flow into football
James Paul, head of sport finance at Blackstar Capital, discusses why investors will be regarding European football with interest in the coming months – even with the flattening of the ESL project