Finance & Law
Premier League, LaLiga claim piracy win as Mobdro service shut down
Football’s English Premier League and Spanish LaLiga have claimed a win in the fight against the piracy of their content after illegal streaming app Mobdro ceased all operations.
CVC will instil more collective mindset in Six Nations, says deal advisor
CVC's £365m investment to acquire a 14.3 per-cent stake in the Six Nations rugby championship will encourage the six unions to think more collectively and instil a more professional approach in rugby union according to sources familiar with the deal. Ben Cronin reports.
USL looks to financially aid, incentivize clubs with new revenue-sharing scheme
Court Jeske, USL executive vice-president, speaks to SportBusiness about the strategy behind the Club Dividend Plan.
Sacramento Republic confident of finding new majority owner to fund MLS move
Sacramento Republic FC executives remain confident that the club will still be able to secure a new majority owner who can fund a move up to Major League Soccer
Sportswear tycoon Li Ning seeking $250m for sports SPAC
Chinese Olympian and sportswear tycoon Li Ning has established a special purpose acquisition company to "capitalise on the China, consumer and sporting expertise" of its management, according to documents…
Tennis ‘cannot survive’ without return of spectators
Senior tennis officials have expressed concern about the viability of major tennis tournaments as restrictions on attendance drag on
Commercial court backs LFP in TV rights case, Canal Plus to appeal
Paris’ commercial court has ruled in favour of France’s Professional Football League (LFP) in a case brought against it by pay-television broadcaster Canal Plus over a recent broadcast rights auction.
Gray Television leads $40m funding round for Envy Gaming
Leading esports organization Envy Gaming has announced a $40m Series C investment round, with American media company Gray Television leading the funding.
As the lead investor, Gray will invest $28
NFL sets 2021 salary cap at $182.5m per team
Decrease of 8 per cent, while partially reflecting pandemic, is less than feared
CVC completes deal to invest £365m for 14-per-cent Six Nations share
Private equity giant CVC Capital Partners has today (Thursday) sealed its investment deal with Six Nations Rugby, the official organising body of rugby unions’ Six Nations Championship and Autumn Internationals.
Re-elected Bach: Olympic Channel broke even in 2020
The International Olympic Committee’s Olympic Channel broke even in 2020, according to Thomas Bach, who was today (Wednesday) re-elected as IOC president.
Dick’s Sporting Goods preps new high-end store concept
Retail chain to open more experiential Dick's House of Sports
Women’s Rugby World Cup postponement confirmed, $2.7m funding package announced
World Rugby’s Executive Committee has formally authorised a recommendation to postpone this year's Women's Rugby World Cup in New Zealand to 2022.
Rugby Australia ‘approves pathway’ for private equity proposals
Rugby Australia is stepping up its efforts to secure private equity investment as it looks to prop up finances that were already stretched even before the Covid-19 pandemic
Elevate Sports Ventures acquires Dynamic Pricing Partners
Sports and entertainment consulting firm Elevate Sports Ventures has made a significant move into US college sports by acquiring ticket pricing, analytics and distribution consulting company Dynamic Pricing…
Covid-19 contributes to ITV’s £23m sports rights impairment charge in 2020
ITV, the UK free-to-air commercial broadcaster, has included a £23m (€26.9m/$32m) sports rights impairment charge in its full-year results as the effect of Covid-19 on the sporting calendar took hold.
Fresh extension granted for Fox Sports Mexico divestment
Mexico’s telecoms regulator, the Federal Institute of Telecommunications (IFT), has granted a fresh extension for the sale of the Mexican arm of pay-television broadcaster Fox Sports.
Covid-19 causes 5.4-per-cent drop in Bundesliga clubs’ 2019-20 revenues
A decline in ticket and transfer income brought on by the Covid-19 pandemic has been blamed for causing the total revenues generated by clubs in Germany’s top-flight Bundesliga and second-tier 2.