Finance & Law
Wanda Sports suffers 75-per-cent revenue drop, headcount cut by 13 per cent
The sports shutdown caused by the Covid-19 pandemic has led to a 75-per-cent fall in second-quarter revenues at Wanda Sports Group, the owner of the Infront agency, among other interests in sport
23 Capital winding down activities as Covid hits loan repayments
23 Capital, the London-based lender that rose to prominence by delivering creative loans for the football and entertainment industries, appears to be winding down its activities after revenues across the…
Austin FC sells out season-ticket memberships for inaugural MLS season
Austin FC has announced it has sold out its season-ticket memberships for the club's inaugural Major League Soccer campaign in 2021
Mets enter exclusive negotiations with Cohen
Billionaire hedge fund manager again nears control of MLB team
Round-Up: Le Tour’s tough Covid-19 rules, Japan to acquire 500m vaccine doses, ONE Apprentice rights deals, and more
The English Premier League allowed 2,500 supporters to attend a friendly between Brighton and Chelsea in a test of Covid-19 measures - AFP/CNA
“Over time we plan to make acquisitions” | Simon Bazalgette on his new advisory firm
Former Jockey Club chairman Simon Bazalgette describes how the Covid-19 pandemic has forced him to adapt plans for a new consultancy business and how there will be an even greater need for right-holders to control operational costs when sport resumes. Ben Cronin reports.
Round-Up: Hong Kong 2021 marathon postponed, CA vows full schedule, America’s Cup legal battle, and more
The 2021 Hong Kong Marathon has been postponed. The race was due to take place on January 24
UCLA sues Under Armour for more than $200m in contract termination feud
The University of California, Los Angeles (UCLA) has filed a lawsuit against United States-based sportswear brand Under Armour after the early termination of its sponsorship of its sports teams
Dick’s Sporting Goods posts record quarterly sales, profits
American retail chain sees sales surges in fitness, golf categories
CVC and Advent combine to offer €1.3bn for minority Serie A stake
Private equity firms CVC Capital Partners and Advent International have come together to offer €1.3bn ($1.53bn/£1.17
ALK Capital invests in AiScout, Player Lens
US management firm ALK Capital has entered the UK football sector with strategic investments in London-based technology businesses AiScout and Player Lens
Professional Fighters League seeks to raise $50m to fund overseas expansion
Mixed martial arts promotion, the Professional Fighters League, is seeking $50m (€42.3m) from outside investors to fund its expansion into overseas markets.
South Africa’s Kings and Cheetahs dropped from Pro14
The Pro14 cross-border rugby union club competition will not feature any matches involving South African teams until at least 2021 after Port Elizabeth-based outfit Southern Kings voluntarily withdrew…
Round-Up: Chinese fake golf goods raids, J.League keeps spectator cap, Malaysian football privatisation drive, and more
Chinese police, working with the US Golf Manufacturers Anti-Counterfeiting Working Group, seized more than 120,000 counterfeit golf products in raids of online golf retailers in four cities
AFL to cut 20 per cent of staff as revenue plunges
The Australian Football League is to cut its workforce by around 20 per cent in a restructure prompted by an expected A$400m ($286m/€243m) loss of income this year due to Covid-19.
Rare Trout trading card sets new industry sales record
One-of-a-kind baseball card sold in auction for nearly $4m
Singapore-based Newcastle bidders admit doctoring Obama images
Bellagraph Nova Group, the Singapore-registered company that says it is bidding to buy English Premier League club Newcastle United, has admitted manipulating images of its owners appearing with former…
Dream11’s latest $235m funding round ‘takes company close to $2.5bn valuation’
India-based fantasy sports platform Dream11 is in talks with at least four private equity firms as part of its latest round of funding that could see its overall valuation break the $2.5bn (€2.1