Finance & Law
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
Formula 1 Q2 revenues down nearly $600m due to Covid-19
The Covid-19 pandemic caused Formula 1’s revenues to drop by just under $600m (€510m) and 96 per cent year-on-year, according to the latest set of second-quarter results published by owners Liberty Med…
Swansea City secures new US investment
English Football League club Swansea City has secured new American investment after private finance entrepreneur Jake Silverstein acquired an undisclosed stake in the Championship team
Revenues rise, but debts mount for Italian football, according to FIGC report
Revenue generated from the Italian football system rose to €3.8bn ($4.5bn) in 2018-19 but losses and debt also grew significantly, according to the latest edition of ReportCalcio.
Sinclair earnings show impact of pandemic
Prominent media company misses analyst targets
Friedkin Group agrees €591m Roma takeover deal
Italian Serie A football club AS Roma is set to receive new American owners after the Friedkin Group agreed a €591m ($700m) deal to acquire the team.
Round-Up: Olympics ‘to go ahead amid pandemic’, Tencent pushes for games streaming merger, PKL teams ‘reject Star offer’, and more
Next year's Tokyo Olympics will take place even if the Covid-19 pandemic is still underway, said Toshiro Muto, chief executive of the Games' organising committee
USTA reduces US Open prize money in wake of Covid-19
The winners of this year's US Open singles and doubles competitions will receive less money than in 2019 due to the financial effects of the global Covid-19 pandemic
Discovery Q2 international revenues hit by 41-per-cent advertising slump
A dramatic fall in advertising caused by the Covid-19 pandemic led to a 23-per-cent drop in second-quarter revenues at the international division of Discovery, the US-based media group that owns pan-European…
Disney streaming results present rare bright spot for company
The Walt Disney Co.’s streaming success during the last quarter, in part through ESPN+, help counter what was otherwise a historically poor quarter for the company.
Kraken reaps rewards of successful brand identity unveiling
National Hockey League expansion team Seattle Kraken is reaping the commercial rewards across a series of metrics from its hugely successful brand identity unveiling
Round-Up: Nike layoffs, esports welfare concerns, Windies Australia tour postponed, CCTV uses virtual anchor, and more
Nike is to lay off at least 500 staff at its headquarters in Oregon, US, after a loss-making second quarter - Fox Business
USOPC revenues dip to $196m in non-Olympic year as it braces itself for Covid hit
The United States Olympic and Paralympic Committee (USOPC) has reported a sizeable drop in revenues in 2019, a non-Olympic year, as it prepares for the full impact of the Covid-19 pandemic on its financial…
Round-Up: WTA Tour restarts, IPL sponsor backlash, Chinese NBL to restart, and more
The restart of the Italian Serie A football season has been moved back a week to September 19 - Reuters/CNA
The WTA Tour restarted yesterday with the Palermo Ladies Open in Sicily, Italy - Reuters/ec/CNA
Toronto Wolfpack seeks new owners after Super League agreement is terminated
Canadian transatlantic rugby league team Toronto Wolfpack is seeking new ownership after its agreement to participate in the Betfed Super League was terminated