Finance & Law
Rodriguez, Lore reach $1.5bn deal to purchase Timberwolves
Former Major League Baseball superstar Alex Rodriguez and his billionaire investment partner Marc Lore have secured a $1.5bn (€1.26
Madrid court wants ECJ to rule on Uefa, Fifa’s Super League stance
The European Court of Justice has been called upon to determine whether Fifa and Uefa, football’s world and European governing bodies, respectively, are in breach of European Union competition law by p…
Wilf family “in advanced negotiations” to purchase Orlando City, Pride
The Wilf family, who are majority owners of the National Football League’s Minnesota Vikings, have formally entered "advanced negotiations" to purchase Major League Soccer's Orlando City SC, National W…
TaylorMade acquired by Korean private equity group
Golf equipment brand TaylorMade has been acquired by Korea-based private equity firm, Centroid Investment Partners
ECB posts £16.1m loss for Covid-hit year
The England and Wales Cricket Board (ECB) has posted a loss of £16.1m (€18.8m/$22.8m) for the year ending January 31, 2021 as a result of the Covid-19 pandemic.
Rodriguez, Lore fail to close Timberwolves deal before end of 30-day negotiating window
The attempted acquisition of the National Basketball Association’s Minnesota Timberwolves by former Major League Baseball superstar Alex Rodriguez and billionaire investment partner Marc Lore has suffered an …
EXCLUSIVE: Endeavor China set to acquire Mailman Group
The China arm of global sports and entertainment group Endeavor has agreed to acquire China-based sports digital agency Mailman Group, SportBusiness understands
Canal Plus Poland delays IPO for second time
Polish pay-television broadcaster Canal Plus Polska has again suspended its planned initial public offering, after withdrawing in November last year due to market volatility
Sportradar boosts cricket business with InteractSport acquisition
Sports data and betting company Sportradar is aiming to increase its presence in cricket with the acquisition of InteractSport, a sports data and technology company based in Melbourne, Australia
Madrid to host 2023 European Athletics teams event after ‘normal’ bid process
European Athletics has announced that Madrid has been awarded the 2023 edition of the European Athletics Team Championships Super League
Adidas upgrades outlook as DTC business takes off, major events to boost sales
Sportswear manufacturer Adidas has upgraded it full-year outlook after a strong first quarter in 2021
Shared Hockey Enterprises acquires NWHL’s Connecticut Whale
The National Women’s Hockey League's Connecticut Whale has been acquired by Shared Hockey Enterprises, which is led by Tobin Kelly, a mergers and acquisitions specialist with strong ice hockey ties.
Just Women’s Sports garners $3.5m in seed funding
Female-focused media outlet draws star-studded group of investors
Mercedes shrugs off impact of Covid-19 to report profit
Formula 1 team Mercedes-AMG Petronas has pointed to the diversity of its income streams as it posted relatively minor reductions in revenue and profit for the 2020 financial year during Covid-19
Six Nations to remain on Irish free-to-air TV during CVC era
Live coverage of rugby union’s Six Nations Championship is poised to return to Irish public-service broadcaster RTÉ following a deal struck with tournament organisers and incumbent rights-holder Virgin Me…
ITV ‘not interested’ in pursuing BT Sport takeover talks
UK commercial broadcaster ITV has ruled itself out of investing in BT Sport, the pay-television sports arm of the UK telco, it is understood
Recast development drive buoyed by $8.2m Series A investment
Fledgling UK-based direct-to-consumer video platform Recast has raised $8.2m (£5.8m/€6.8m) in a Series A round of investment, funds it will use to continue its development and push into new markets.
Patrick Keane on the Action Network’s expanding ambitions
In this week's episode, podcast co-hosts Eric Fisher and Chris Russo interview Patrick Keane, chief executive of the Action Network, which just completed a major deal in which it will be acquired by Danish sports betting media group Better Collective. Eric and Chris also discuss Verizon’s deal to sell its digital media assets to Apollo Global Management, Genius Sports’ furious run of dealmaking that includes a $200m agreement to acquire data tracking and visualization company Second Spectrum, new Covid-19 protocols in New York state that allow normal seating at outdoor stadiums for vaccinated fans, and recent turmoil surrounding the National Hockey League’s New York Rangers.