Finance & Law
ICM becomes one of world’s largest sports agencies with Stellar Group acquisition
The ICM Partners agency has acquired Stellar Group, the London-based sports agency that represents over 800 athletes around the world
Round-Up: Talent agent ICM buys Stellar, fuboTV IPO, Snapchat partners with IPL teams, and more
US talent agency ICM Group has acquired UK sports agent Jonathan Barrett's Stellar Group - Reuters/CNA
Disney handed two-month extension to divest Fox Sports in Mexico
Media group Disney has been handed another two-month extension to sell the Mexican arm of Fox Sports by Mexico’s Federal Telecommunications Institute (IFT).
IMG-Reliance claims ‘record revenue’ after 36 IPL deals closed
IMG-Reliance, the joint venture between the IMG agency and Indian conglomerate Reliance Industries, says it has raised record revenue on the back of sponsorship and licensing deals for the Indian Premier…
Mediapro wants to renegotiate Ligue 1 rights contract as LFP payment deadline missed
Concerns have been raised among French football clubs after it emerged that Spanish agency and production group Mediapro has asked for more time to make its second broadcast rights fee instalment payment…
Premier League sues over terminated PPLive rights deal in China
The English Premier League is suing its former Chinese broadcast rights-holder for $215.3m (€183m) over its battle for unpaid rights fees, it has been reported.
Round-Up: Barca to cut wages, Nike airs first esports commercial, ICC image rights dispute, and more
Spanish football team Barcelona is cutting wages for players and staff due to losses caused by the pandemic - Reuters/CNA
DraftKings prices planned stock offering
Pricing represents a marked discount from recent share highs
Bain and CVC’s Serie A bids ‘revised’ as deadline extended
The private equity companies interested in acquiring a stake in Lega Serie A’s new media-rights business are thought to have revised their bids, with the offers to now be reviewed on October 13 after P…
Swedish esports start-up G-Loot secures $56m investment
G-Loot, the Swedish esports start-up, has announced that it has closed its latest funding round after attracting investment of SEK500m ($56m/€47.45m).
Round-Up: IOC reviews Tokyo cuts, Wuhan Sports Centre stages basketball, Serie A bids revised, and more
The International Olympic Committee is today reviewing proposed cuts and simplification measures for the Tokyo Olympics
Wanda Sports Group forms independent board to consider share acquisition bid
Wanda Sports Group has formed an independent committee to consider a proposal from a Dalian Wanda subsidiary to buy the outstanding Class A ordinary shares in the sports marketing firm and potentially…
Canal Plus’ Téléfoot complaint referred to higher French court
Paris’ commercial court has referred a legal complaint by French pay-television broadcaster Canal Plus against agency and production group Mediapro to the city’s high court.
Seattle Sounders bring in veteran executive Tod Leiweke to ownership group
Major League Soccer's Seattle Sounders have brought in veteran sports industry executive Tod Leiweke and his wife Tara to the team's ownership group
Round-Up: Moroe sacking report previewed, full stadiums for Bledisloe Cup, no fans at Turkish GP, and more
Cricket South Africa released a summary of the report on the activities of former CEO Thabang Moroe which led to his sacking in August
Barcelona announces €97m loss; says Covid wiped out €203m in revenues
FC Barcelona has announced losses of €97m (£88m/$114m) for the 2019-20 financial year, saying that the effects of the Covid-19 pandemic have led to a €203m decrease in expected revenues.
French clubs ‘anticipate €192m in lost ticketing, hospitality revenue’
France’s Professional Football League (LFP) has reportedly identified a projected total of €192m ($226m) in lost ticketing and hospitality revenues between July and December this year as a result of res…
DraftKings readies new stock offering
Ongoing pandemic presents near-term revenue challenges for gaming company