Finance & Law
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.
Sportfive brings Build A Rocket under its wing
The Sportfive agency has furthered its activity in the esports sector by acquiring Germany-based esports consulting and activation agency Build A Rocket
Aly Wagner joins Queensboro FC ownership group
United Soccer League Championship expansion team Queensboro FC has brought in former United States women's national team member Aly Wagner as an investor in the club
Brydens Lawyers calls for removal of its decals from NBL matches
Brydens Lawyers, a major sponsor of Australian sport, has called for its sponsorship decals to be removed from the basketball court of the Sydney Kings because players are slipping on the surface
Arsenal’s year-on-year losses increase by over £20m amid Covid-19
English Premier League football club Arsenal has seen its losses increase year-on-year by over £20m (€23.3m/$27.7m), as Covid-19 impacts on its financial position.
Simplebet’s Chris Bevilacqua on the maturation of the US betting market
In this week's episode, podcast co-hosts Eric Fisher and Chris Russo interview Chris Bevilacqua, co-founder and chief executive of sports betting startup Simplebet. Eric and Chris also discuss the warning issued by Comcast Corp. chairman and chief executive Brian Roberts regarding the company's future sports rights, and recent transactions involving sports marketing outfit Playfly Sports and mobile commerce company VenueNext.
Wilf family ‘in talks’ to purchase Orlando City in $450m deal
The Wilf family, who are majority owners of the National Football League's Minnesota Vikings, are reportedly in talks to purchase Major League Soccer team Orlando City SC
Ashley still committed to Newcastle’s Saudi takeover despite High Court setback
Newcastle United owner Mike Ashley has reaffirmed his commitment to sell the club to Saudi Arabia’s Public Investment Fund, in spite of losing two early skirmishes in an arbitration hearing against the E…
Manchester United’s net debt rises to £456m, Champions League boosts TV income
The impact of the Covid-19 pandemic on football club finances has been underlined again as Manchester United reported a £64.2m (€74.4m/$88.8m) year-on-year rise on net debt to £455.5m
Garnett out of race to buy Timberwolves
National Basketball Association superstar Kevin Garnett has declared himself out of the running to purchase his former team, the Minnesota Timberwolves