Finance & Law
Saigon FC targets Japanese club acquisition
After recently recruiting Japanese advisers and players for the upcoming V. League 1 season, Vietnamese football club Saigon FC has said it now plans to buy a Japanese club
SeatGeek’s Russ D’Souza on the return of fans to live events
In this week's episode, podcast co-hosts Eric Fisher and Chris Russo interview Russ D'Souza, co-founder and president of SeatGeek, and also discuss the emergence of ViacomCBS streaming service Paramount+ and the rise of athlete investment vehicles.
Roma draws line under stadium project, posts €74.8m net loss
Italian Serie A football club AS Roma has announced the end of its troubled project to develop a new stadium in Tor di Valle, but may yet consider that area of Rome for future plans
Sacramento MLS expansion team on brink after lead investor exits deal
Major League Soccer has suffered a devastating blow after billionaire lead investor Ron Burkle surprisingly backed out of a deal to finance the Sacramento expansion team due to the financial impact of…
Chinese Super League champions Jiangsu FC cease operations amid Suning retreat
Chinese Super League football club Jiangsu FC announced yesterday it is ceasing operations with immediate effect, for financial reasons
US investors poised to take over Ipswich Town in $24m deal
English League One club Ipswich Town is poised to be taken over by a group of American investors led by Los Angeles-based businessman Brett Johnson for $24m (£17.5m/€19.9m).
WNBA Dream sold to group that includes former player
Deal ends highly turbulent ownership tenure of former US Senator Loeffler
F1 posts $386m loss in disrupted 2020 season
Formula 1 suffered a record loss of $386m (€319m) in 2020 in a season heavily disrupted by the Covid-19 pandemic.
Club Brugge ‘preparing’ Belgian-first IPO
Club Brugge is preparing to become the first Belgian football team to go public, according to multiple reports in the local media
Juventus records €113.7m first-half losses as pandemic takes toll
Juventus has recorded losses of €113.7
AT&T strikes deal with TPG to spin off DirecTV
Satellite television company receives sharply diminished valuation
Time runs out on Fifa’s investigation into Beckenbauer bribery case
Fifa has announced that it has dropped its internal investigation into the alleged bribery case involving German World Cup winning captain Franz Beckenbauer as the statute of limitations has expired
DraftKings extends run of revenue growth
Company raises its 2021 projections as American betting market matures
NRL cut operating costs by ‘more than A$65m’
The NRL reduced its operating costs by more than a third as it fought to ensure the game continued in the face of disruptions caused by the Covid-19 pandemic
LaLiga thwarted in El Clásico trademark appeal
The General Court of the European Union has rejected an appeal entered by LaLiga, organising body of the top two divisions of Spanish club football, as it seeks to reinforce trademarks related to El Clásico, …
Under Armour continues rapid scale-down in sponsorship spend
US sports brand Under Armour has massively cut its long-term sponsorship obligations and halved its obligations overall as the sport brand turns away from expensive kit supplier contracts
Fanatics expands into Chinese market via Hillhouse Capital partnership
Sports merchandising giant Fanatics is expanding its operations into China though a joint venture with leading Asia-focused private equity fund Hillhouse Capital
Best of 2021 | Inside CVC’s $100m volleyball deal
Matthew Glendinning looks at the ambitions the International Volleyball Federation (FIVB) has for the future of the sport, which recently benefited from a significant investment from venture capital firm CVC Capital Partners.