Finance & Law
Sky, RFL strike Super League payments deal
UK pay-television broadcaster Sky has today (Monday) confirmed an agreement with the Rugby Football League over Super League clubs’ television revenues for the 2020 season, which remains suspended due t…
Round-Up: Diack jail term requested, McLaren considering stake sale, Queensland opens stadiums, and more
French prosecutors are seeking a four-year jail sentence for former world athletics federation president Lamine Diack at his ongoing trial in Paris for corruption, money laundering and breach of trust…
BT Sport close to SPFL rights fee compensation deal
The Scottish Professional Football League is in the process of finalising a rights fee compensation agreement with BT Sport for matches that the UK pay-television broadcaster was not able to show after…
Valencia ‘launches legal action’ against Spanish FA over Super Cup payments
LaLiga outfit Valencia is said to have filed a complaint for damages against the Spanish Football Federation (RFEF), claiming unfair distribution of prize money from this year’s inaugural Super Cup tournament i…
Heavy losses in World Athletics 2018 accounts but little light shed on Dentsu renegotiation
A leaked copy of World Athletics' 2018 financial accounts has shed more light on the constrained financial picture for the federation and referenced its attempts to renegotiate some of the controversial…
ASOIF: International federations well placed to stave off bankruptcy
The Association of Summer Olympic International Federations (ASOIF) said today (Tuesday) that it does not anticipate international federations will face bankruptcy thanks to a combination of financial…
Kevin Durant joins Philadelphia Union ownership group
National Basketball Association superstar Kevin Durant has been announced as a minority owner of Major League Soccer team Philadelphia Union
Harris, Blitzer acquire Pittsburgh Steelers minority stake
Josh Harris and David Blitzer, the billionaire managing partners of the National Basketball Association’s Philadelphia 76ers and National Hockey League’s New Jersey Devils, acquired a minority stake in …
Infront’s Bruno Marty – Smaller properties can flourish if they innovate and engage
Bruno Marty, senior vice-president of the ProSports unit at Infront, discusses the impact of sport's Covid-19 induced liquidity crisis, how properties can emerge stronger, the role of private equity i…
AS Roma seeks new buyers after Friedkin deal falls through
The owners of Serie A club AS Roma have been forced to seek new buyers after a planned €750m ($844m) sale to Texas-based billionaire Daniel Friedkin fell through, according to the Financial Times.
Loss-making One Championship gets $70m injection as 20 per cent of workforce cut
Singapore-based mixed martial arts promoter One Championship has raised $70m (€62.2m) from investors while revealing a hefty cut to its global headcount.
Bruno Marty: Sticking to guiding principles is key to building the post-Covid-19 future
Private Equity firms can partner rather than exclude established agencies
Co-operation not confrontation needed to address liquidity crisis
Florida governor signs bill to allow college athletes to sign endorsement deals
Florida Governor Ron DeSantis has cleared the way for college athletes in the state to earn money from endorsement deals from next summer
Wall Street embraces promise of US sports wagering
Despite ongoing turbulence in the US stock market due to Covid-19, sports gambling has been a high-performing sector with analysts expecting robust long-term growth
Bain Capital ‘makes rival Serie A offer’
US investment firm Bain Capital has made "a tentative offer" to buy a 25-per-cent stake in Italian football's Serie A for €3bn ($3.4bn), according to Bloomberg.
Bain is seeking to beat a €2.2bn
NFL commits $250m to fight systemic racism
Funding continues sharp reversal for league on social justice issues
AFL agrees amended Seven, Foxtel rights deals as season resumes
Australian rules football league the AFL has marked its return to action today (Thursday) by revising and extending its rights contract with commercial broadcaster Seven, and is said to have amended its…
BeIN hails court’s ‘firm terms’ in French piracy case
French pay-television broadcaster beIN Sports has praised the sentencing of five individuals found guilty of running an operation pirating the content of sports broadcasters as an “important step forward” in …