Finance & Law
MTG’s DreamHack and ESL combine forces in merger
DreamHack and ESL, the two eSports event organisers owned by the Sweden-based Modern Times Group, have merged organisations and will operate under a company to be known as ESL Gaming
Wanda Sports Group receives non-binding share proposal that could lead to delisting
Wanda Sports Group, the sports marketing entity that houses the Infront agency, has received an offer from a subsidiary company of Wang Jianlin’s Dalian Wanda, the Chinese multinational conglomerate, t…
Caesars, William Hill reach agreement on $3.7bn deal
US-based gaming giant to spin off William Hill's non-American assets
Atrium merges assets to create Synergy Sports data and video provider
Atrium Sports, the automated video and data sports technology company, has been merged with its US-based sports analytics firm Synergy Sports Technology to become Synergy Sports
Orlando City SC adds veteran sports executive Jed Kaplan as minority owner
Veteran sports industry executive Jed Kaplan has acquired a minority stake in Major League Soccer club Orlando City SC
Round-Up: AFC CL challenges, NZC confirms home tours, Guangxi Zhuang aims for $15bn sports sector, and more
Clubs in the AFC Champions League East Zone are facing logistical hurdles to complete their matches in the competition, including clashes with domestic leagues, pressure from domestic broadcasters and…
Serie A has lost more than €500m, chief executive says
Italian football's Serie A has lost more than €500m ($573m) in revenues due to the Covid-19 pandemic, the league's chief executive Luigi De Siervo has said.
Round-Up: Durban to host ITTF Worlds, CSL teams emerge from bubble, Top League announces last schedule, and more
Tokyo Olympics organising committee president Yoshiro Mori said the Games will go ahead "no matter what happens" in light of the safety measures being developed by the organisers to address the pandemic…
LNR pursues private equity talks, but ‘not just to pay off clubs’ debts’
The Ligue Nationale de Rugby (LNR), the organising body for French rugby’s union’s Top 14 and Pro D2, is open to continuing discussions over a private equity deal worth €200m ($233.4m) b
UCI awards World Championship hosting rights, states confidence in financial status
The International Cycling Union (UCI) has awarded hosting rights for a number of its major events and has expressed confidence in its long-term financial stability amid Covid-19
Round-Up: Youku to show Serie A and Bundesliga, Pacquiao to fight McGregor, Ten bids for RA rights, and more
Alibaba-owned streaming platform Youku Sports will stream live coverage of Italian Serie A and German Bundesliga matches this season in a tie-up with PP Sports, the streaming platform that currently has…
Serie A ‘sets September 30 deadline’ for private equity bids
Lega Serie A, the organising body of the top tier of Italian club football, has set a deadline of September 30 for private equity bids to be submitted for a stake in its new media-rights business, it is…
Gosper: Six Nations unions could go bust without government support
Brett Gosper, the chief executive of World Rugby, has expressed his concerns that some of the Six Nations unions could go bust without government support
US investment firm ALK Capital ‘close to’ Burnley takeover
American interest in Premier League ownership continues to grow
Round-Up: Asian EPL broadcasters ‘demand rebates’, strong start for IPL sponsors, Nike and FFA address women’s kit furore, and more
The English Premier League is facing demands for rebates from Asian broadcasters over the rescheduling of matches to evening kick-off times to suit UK-based fans
Hollywood stars Ryan Reynolds, Rob McElhenney looking to take over Wrexham AFC
Hollywood stars Ryan Reynolds and Rob McElhenney are interested in taking over Wrexham AFC, the National League club has confirmed.
Wrexham plays in the fifth tier of the English soccer pyramid
Foundation created to aid pro cyclists
A group of former professional cyclists have aligned with a Colorado-based investment advisory firm to create a new foundation aiding other cyclists, with the effort to be funded by investment fees instead…
Mediapro ‘set to join Bain-led bid’ for stake in new Serie A media arm
Spanish media giant Mediapro is in “advanced negotiations” with private equity firms Bain Capital and NB Renaissance Partners to join their bid for a stake in Serie A’s new media-rights business, accor…