Finance & Law
Álvarez sues DAZN and Golden Boy for breach of contract
Mexican boxer Canelo Álvarez has filed a lawsuit against OTT streaming service DAZN and Golden Boy Promotions for allegedly failing to deliver on the terms of a $365m (€310m), 11-fight deal.
Beckham’s Guild Esports announces IPO
Guild Esports, the esports team and talent development company partially owned by David Beckham, has announced its intention to launch an initial public offering on the London Stock Exchange this Autumn
IOC questions Oxford study, Tokyo sponsors ponder extension
The International Olympic Committee has questioned the validity of a study from Oxford University that criticised the organisation for its failure to address hosting cost overruns
Serie A clubs to discuss ‘final bids’ from trio of private equity groups
Italy’s Serie A football clubs are set to meet tomorrow (Wednesday) to discuss final offers made by three private equity groups for a stake in a new holding vehicle that will oversee the league’s broadcast rig…
Mass participation organiser LimeLight completes purchase of Virgin Sport
Mass participation-focused sports marketing group LimeLight Sports has announced the acquisition of Virgin Sport
Round-Up: Fans at Roland Garros, three bidders for Serie A, PP Sports sees market correction, and more
The French Open tennis championship at Roland Garros later this month will allow entry to up to 11,500 fans per day - Reuters/CNA
Discovery makes NZ free-to-air ‘bet’ with takeover of Three
US-based media company Discovery has agreed a deal to acquire the free-to-air television business of MediaWorks, which claims to be New Zealand’s largest independent commercial broadcaster.
Mercedes sees rise in revenue and profit, Renault rebrands for 2021
Formula 1 motor-racing team Mercedes has reported rises in profit and revenue for 2019, while Renault has announced it will rebrand as Alpine for the 2021 season
Round-Up: PP Sports ‘to sue’ EPL, Bach addresses Beijing expo, East Bengal to join ISL, and more
Chinese streaming platform PP Sports is going to sue the English Premier League over the termination of their media-rights contract for the 2019-20 to 2021-22 cycle, according to Chinese news service Beijing…
Women’s Super League subject of CVC’s latest sports investment interest
Private equity firm CVC Capital Partners has expressed an interest in investing in the Women’s Super League (WSL) club competition, it has been reported.
CFG acquires French Ligue 2 club Troyes
City Football Group has acquired its tenth football club, taking a majority stake in French Ligue 2 club Troyes.
CFG bought the shares of previous owner Daniel Masoni
A’s Beane buys equity stake in AZ Alkmaar
Prominent MLB executive heightens involvement with Eredivisie club
Cricket Australia’s biosecurity budget ‘triples’ in bid to protect TV rights income
Cricket Australia’s budget for protocols needed to combat the effect of the anti-Covid-19 pandemic have passed A$30m ($21.8m/€18.4m).
Brazil women soccer players to receive equal pay
The Brazilian Football Confederation (CBF) has announced that its men’s and women’s national soccer teams will receive equal pay and prize money.
LFP claims damages from French state for 5,000-fan limit but ‘faces Lyon counterclaim’
The French Football League (LFP) has written to the French government requesting compensation after the state imposed a 5,000-spectator limit for sporting events in the country
NCAA furloughing entire national staff
College sports governing body faces significant financial hardship
Foulsham to lead A$15m streamlining effort at Rugby Australia
Rugby Australia has appointed respected operational executive Adam Foulsham as chief operating officer as it seeks to make A$15m (€9.27m/$10.98m) in cost savings.
London fund Lindsell Train bets big on sport and entertainment rebound
London-based fund manager Lindsell Train has shown its confidence that the sports and entertainment sectors can bounce back from the Covid-19 pandemic, buying $90m of stock in the sectors in the second…