Finance & Law
CVC and Advent ‘seek breakaway league clause’ in Serie A investment
CVC Capital Partners, the leaders of the consortium in pole position for a stake in Serie A’s new media-rights business, is thought to have asked that a “breakaway” clause be inserted into any deal as mu…
EFL clubs agree Premier League bailout but Championship talks continue
English Football League (EFL) clubs have agreed in principle to accept the Premier League’s £50m (€55.7m/$65.7m)
Disney continues to see growth in streaming operations
Chapek says shareholder value will govern sports rights acquisition strategy
Round-Up: Man Utd revenues drop, ESPN shuts esports division, Tokyo athletes exempt from quarantine, and more
Manchester United's first quarter revenue dropped by nearly 20 per cent after the Covid-19 pandemic hit ticket sales - Reuters/CNA
Karamarinov: Insurance covered ‘nearly 100 per cent’ of Paris 2020 cancellation costs
Dobromir Karamarinov, the interim president of European Athletics, has revealed the federation’s insurance policies covered ‘nearly 100 per cent’ of the costs associated with the cancellation of this …
Sky NZ increases guidance after ‘positive start’ to financial year
Pay-television broadcaster Sky New Zealand has raised its profit and revenue guidance for 2021 after what it described as a “positive start” to the financial year, higher than expected growth in its dir…
Eleven: ‘Freemium’ model will be key to monetising MyCujoo investment
Eleven, the Aser Ventures-owned international sports broadcaster, is to pivot its investment in live streaming company MyCujoo on a ‘freemium’ monetisation model.
IOC enhances Olympic Solidarity budget, buoyed ahead of Tokyo Games talks
The International Olympic Committee (IOC) has agreed to boost the Olympic Solidarity budget for the next four-year cycle by 16 per cent, and has expressed renewed confidence that it will have fans in venues…
FuboTV announces strongest Q3 in company history as subscriptions climb to 455,000
US sports-focused streaming service and channel aggregator fuboTV has announced the strongest quarter in company history during the 2020 fiscal third quarter thanks in large part to the return of live…
Swiss prosecutors office lines up appeal against Valcke, Al-Khelaïfi ruling
The Office of the Attorney General of Switzerland (OAG) is lining up an appeal against last month’s Federal Criminal Court (TPF) ruling concerning beIN Media Group chairman and Paris Saint-Germain president N…
Mets’ owner Cohen: “I’m not in this to be mediocre”
New owner says long-struggling club will now act like a major-market franchise
Canal Plus Poland pulls plug on PLN1.3bn IPO amid market volatility
Polish pay-television broadcaster Canal Plus Polska has cancelled its initial public offering just seven days after its launch
LaLiga agrees broadcaster rebates of around €100m after Covid-19 hit season
LaLiga, the governing body of the top two professional footballing divisions in Spain, has agreed to rebates worth around €100m ($118.4
NBA completes deal for 2020-21 season start
League, union agree on salary cap, luxury tax, and escrow provisions
DraftKings-powered VC firm hires CEO, makes four investments
Prominent gaming company advances venture capital ambitions
Round-Up: China hosts first international events, NBA to build ‘experience centres’ in China, Tokyo hospitality to be reined in, and more
China last weekend hosted its first major international sports events since the start of the pandemic
Orange moves for OTE’s controlling stake in Telekom Romania’s fixed services division
The Romanian division of France-based telecoms giant Orange has agreed a €268m ($318.4
CAA’s merchant bank EMC recruits James Elliott in sports media role
James Elliott, formerly an executive at mixed martial arts’ Ultimate Fighting Championship and rights agencies including Pitch International and Kentaro, has been recruited by Evolution Media Capital, t…