Finance & Law
MLB floats shorter schedule as tensions rise with MLBPA
Latest management salvo calls for 2020 regular season of just 50 games
MLS pushes back lockout ultimatum to players’ union until June 3
Major League Soccer has pushed back its ultimatum to the MLS Players Association over accepting a return-to-play proposal by a day, until June 3, as both sides try to avoid a lockout and salvage the 2…
New South Wales ends A$800m ANZ Stadium vision
The New South Wales (NSW) government has dropped controversial plans to give Sydney’s ANZ Stadium an A$800m (€484.4m/$538.3m)
MLBPA delivers counterproposal in ongoing talks with MLB
Union proposes 114-game regular season with original 2020 contracts honored on prorated basis
MLS in danger of lockout after players given final deadline to agree economic proposal
Major League Soccer faces the prospect of an unprecedented lockout after a package of economic concessions approved by the MLS Players Association in the wake of the global Covid-19 pandemic received immediate…
‘Eight to nine clubs in the Championship are available for sale’ | Adam Sommerfeld, Certus Capital Partners
Covid-19 pandemic means ‘up to 50 per cent’ of EFL clubs available for sale as distressed assets
Premier League clubs thinking of selling minority shareholdings
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Carolina Hurricanes to remain at PNC Arena until 2029
The National Hockey League's Carolina Hurricanes have agreed a five-year lease extension to remain at PNC Arena through July 2029
Williams considers sale of F1 team, ROKiT sponsorship to end
Williams is considering a partial or full sale of its Formula One motor-racing team, with the company also announcing that it has served notice to end its title sponsorship agreement with telco ROKiT
Cricket Australia ‘probes hosting T20 World Cup in 2021’
Cricket Australia has asked the International Cricket Council to examine the prospects of the country hosting the T20 World Cup next year, instead of this year, according to a Times of India report
F1 approves $145m team budget cap as returning Dutch GP set for 2021
The International Automobile Federation (FIA) has approved a package of cost-cutting measures for Formula 1 that will include a $145m (€131.7
Dentsu warns on looming Covid-19 hit
Japanese marketing giant Dentsu Group has withdrawn its earnings guidance for 2020 and is looking to make a 7-per-cent cut in global costs this year, as Covid-19 starts to affect its financial results
Pinsent Masons named World Athletics’ first legal services supplier
World Athletics has signed a four-year agreement with Pinsent Masons that affords the London-based international law firm the role of athletics’ first official supplier of legal services.
US investors ‘seeking preferred equity positions’ in Premier League clubs before market rebound
Major investors are showing an increased appetite to secure preferred shareholdings in Premier League clubs and as many as nine EFL Championship teams could be available for sale as a consequence of the…
A’s impose series of cost-cutting measures
MLB club to stop minor-league play, furlough employees
ICC ‘threatens to move T20 World Cup from India’ in ongoing tax row
The Board of Control for Cricket in India (BCCI) risks losing hosting rights to the men's Twenty20 World Cup in 2021 unless it secures a tax exemption from the government for the tournament
Chinese Football Association disqualifies 11 teams
The Chinese Football Association has disqualified 11 teams from professional competition this year as part of its ongoing crackdown on financial mismanagement
McMahon not looking to buy back XFL
World Wrestling Entertainment chairman Vince McMahon has revealed he is not looking to reacquire the XFL despite recent reports to the contrary
Legal challenges ‘inevitable’ after pandemic leaves mark on football calendar
As the end of May approaches and the Premier League continues to work on ‘Project Restart’, Adam Nelson examines the legal issues facing English football’s operating bodies as they push for football’s return.