Finance & Law
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
Williams Racing bought by US-based Dorilton Capital
Formula 1 outfit Williams Racing has today (Friday) announced that it has been acquired by US-based private investment firm Dorilton Capital
Ospreys has potential to become one of sport’s most renowned franchises
James Davies-Yandle, founder and chief executive of Y11, which recently acquired Welsh Rugby Union club Ospreys, speaks to SportBusiness about the ambitions for the club and the opportunities he sees on the horizon.
K League proposes player salary cut after fruitless talks
The Korean K League's board of directors has recommended cuts to player salaries to ease the financial burden on clubs during the Covid-19 period
Round-Up: Japanese companies turn against Olympics, survey says; KBO not expecting fans back soon; and more
A survey of 13,000 Japanese companies has found that more than half want next year's Tokyo Olympics to be either cancelled or postponed again - Kyodo News
Court ruling impacts Bolivian Football Federation’s rights award
The Bolivian Football Federation (FBF) is set to be forced to launch another broadcast rights tender after vice-president Robert Blanco secured a court ruling declaring the appointment of Marcos Rodríguez …
DAZN ‘seeking $1bn’ funding for global streaming service
DAZN Group, the global sports subscription service and media company, is looking into ways of securing new investment of as much as $1bn (€845m).
Hedge fund billionaire buys into RedBall Acquisition Corp.
Englander takes nearly 8 per cent stake in sports-focused SPAC
City Football Group ‘lining up’ Troyes takeover
City Football Group (CFG), the parent company of English Premier League club Manchester City, is in “late-stage” discussions to add French Ligue 2 team ESTAC Troyes to its portfolio.
Fifa expects limited financial hit from Covid-19
Fifa is projecting a $120m (€101.3m) drop in expected revenues in the period through to the 2022 World Cup, due to the Covid-19 pandemic.
RedBall Acquisition Corp. surpasses IPO goal
Newly formed sports-oriented SPAC now has two years make an acquisition
Covid-19 hits Borussia Dortmund’s financials, Sportfive brokers blockchain deal
Covid-19 has seen German Bundesliga football club Borussia Dortmund post a net loss of €43.9m ($52.3
Danish Football Union hit by new marketing law
The Danish Football Union (DBU) has expressed its frustration after it was clarified that a new marketing law will mean it cannot jointly display the branding of sponsors Arbejdernes Landsbank and Oddset
Singaporean group among investors eyeing Newcastle United
Singaporean entrepreneurs Terence Loh and Nelson Loh are fronting a bid to take over English Premier League club Newcastle United
NEP to be Sky NZ’s production partner for 10 years in purchase of OB assets
International outdoor broadcasting specialist NEP has agreed a takeover of the sports production subsidiary of pay-television broadcaster Sky New Zealand
Premier League clubs agree to delay prize money cuts
The 20 clubs in the English Premier League will receive all of their prize money for the 2019-20 season having agreed to defer Covid-19-related rebates to broadcasters and spread them out over future seasons
Round-Up: KBO opens to more fans, RA sets Super Rugby deadline, US Open withdrawals, and more
The Korean KBO basketball league yesterday increased the number of fans allowed into games from 10 per cent of stadium capacity to 25 per cent - Naver
Nike financially ‘hammered’ by Covid-19 but Knight optimistic for sport’s comeback
Nike underperformed Wall Street expectations by more than $900m ($762