Finance & Law
Nike’s sales and profits surpass projections
US sportswear company Nike reported direct sales worth $3.7bn (€3.2bn) for the first quarter of the fiscal year – up 12 per cent on a reported basis.
Nike’s net income was $1.5bn,
RFU and Premiership Rugby seek bailouts as UK government prepares aid package
England’s Rugby Football Union has warned of “severe consequences for the sport” if venues remain closed to fans throughout the winter.
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Laporte questioned in French probe, denounces attempted ‘coup’
Bernard Laporte, president of the French Rugby Federation (FFR), has been questioned by police as part of an ongoing inquiry into claims he favoured Top 14 club Montpellier, which is owned by his friend,…
Round-Up: IPL claims 200m audience for opener, Man City-Douyin deal, Indonesian World Cup committee launched, and more
The Indian Premier League's opening match this year drew a viewership of 200m on television on digital platforms, a BCCI official has said, quoting figures from India's official audience research bureau…
Swiss Handball Federation’s sponsorship revenue nears CHF1m
The Swiss Handball Federation (SHV) has reported revenues of CHF7.04m (€6.54m/$7.69m) for the 2019-20 period, including CHF930,001 generated from the sale of sponsorship rights.
DAZN sells Goal and other football sites to TPG’s Integrated Media
DAZN Group, the global sports subscription service and media company, has finalised an agreement to sell a majority stake in its digital football-focused platforms, including Goal
Round-Up: Tokyo Olympics-linked firm paid Papa Diack, IPL sponsorship deals, HK rugby season to start, and more
A consulting company working for the committee bidding to secure the 2020 Olympics hosting rights for Tokyo transferred $370,000 (€314,000) to Papa Massata Diack, the son of jailed ex-IAAF president L…
Canal Plus rejects notion of Téléfoot deal for satellite customers only
Canal Plus would not be willing to agree a distribution deal for Téléfoot that only allowed it to offer the French football subscription service to its satellite customers, according to Maxime Saada, p…
Fanatics owner Michael Rubin increases equity stake in HBSE
Fanatics owner Michael Rubin has increased his equity stake in Harris Blitzer Sports & Entertainment, sources have confirmed to SportBusiness
NRL chief announces job cuts and business restructure
Australia's National Rugby League will reduce its staff by 25 per cent and streamline its operations as it targets an annual expenditure reduction of A$50m (€30.8m/$36.6
Monkey Knife Fight looks to advance status as industry disruptor
An upstart daily fantasy company with an unusual name and unconventional approach has quickly risen to prominence by challenging established market leaders DraftKings and FanDuel and striking a large series of team sponsorships.
St. Louis City sets MLS record for season-ticket deposits
Major League Soccer expansion team St. Louis City has set a league record for season-ticket deposits, indicating that the club will attract a large fanbase upon its debut
Star athletes form part of $110m funding round for Tonal
Developer of personal training systems continues to see surging sales
MLB awarded $6m in Dominican Republic TV rights payment feud
Major League Baseball has been awarded more than $6m (€5.1
CBA players may be set for income bump under new image rights rules
Liu Jiadi, partner, and Jeffrey Wilson, counsel, at Chinese law firm JunHe, explain the significance of new player image rights rules in the Chinese Basketball Association League.
Fifa says pandemic will cost football $14bn
Football is facing a $14bn (€11.8bn) shortfall in revenues globally this year due to the Covid-19 pandemic, according to world governing body Fifa.
Amazon Alexa Fund and KKR among investors in Zwift’s $450m series C round
Online global fitness platform Zwift has raised $450m (£350m/€380m) of fresh investment in a series C fundraising round led by American global investment firm KKR.
Ex-IAAF president Diack given prison sentence, fined $590,000 in corruption trial
Lamine Diack, the former president of the International Association of Athletics Federations (IAAF) has been found guilty of corruption following charges associated with the Russian doping scandal and…