Finance & Law
Global Champions Tour sale complete after legal issues resolved
Global investment holding company Tennor has completed a deal to acquire a stake in the Global Champions Tour (GCT) and Global Champions League (GCL) equestrian series from US businessman Frank McCourt…
Round-Up: Ferrari weighs Indycar, Bayern-Douyin deal, Tendulkar settles, Japan shutdown cost, and more
The shutdown of professional sport in Japan will have cost the economy ¥274.7bn ($2.6bn/€2.4b
Fiorentina’s Joe Barone on Covid-19: Uncertainty and a lack of protocol is tough to deal with
In part one of a three-part interview, Joe Barone, director general of Italian Serie A club Fiorentina, discusses the challenges of running a club in lockdown, the accelerated focus on going digital, the…
McMahon fires back in Luck’s wrongful dismissal lawsuit
XFL owner details several reasons former commissioner was fired "for cause"
NBC Sports asks top talent to take temporary pay cuts
NBC Sports has followed in the footsteps of ESPN and Fox Sports by asking its top on-air talent to take temporary pay cuts as a result of the sports competition shutdown amid the global Covid-19 pandemic
Soros invests in DraftKings as sports-related shareholders revealed
Larger shareholders in prominent gaming company include an array of sports industry executives
Pair of small US towns suffer heavy blow from loss of marquee baseball events
The cancellation of the Baseball Hall of Fame's Induction Weekend and the Little League World Series this summer are leaving big economic holes in the small communities that play host to the marquee events.
Round-Up: Hyundai breaks with FFA, Ma Guoli leaves CBA, PGA Tour to fly golfers, European football restarts, and more
Hyundai is ending its sponsorship of the Australian A-League after this season, according to the Sydney Morning Herald
IPL cancellation ‘could cost BCCI $530m’
Board of Control for Cricket in India treasurer Arun Dhumal has said the organisation could lose Rs40bn ($530m/€489m) if this year's Indian Premier League is cancelled.
Louisville Slugger to reopen factory, museum
Operations restart after bat maker secures federal assistance
Premier League clubs against neutral venues, face £340m TV hit even if season completed
The English Premier League has reiterated its commitment to restarting its 2019-20 season, but will seek to end a proposal for matches to be played at neutral venues as shareholders were told that clubs…
Tianjin Tianhai folds, leaves Chinese Super League
Chinese Super League side Tianjin Tianhai has folded after failing to attract any buyer
KKR returns to invest in ‘undervalued’ ProSiebenSat.1
US private equity company KKR has opted to reinvest in ProSiebenSat.1, stating that the Germany-based commercial broadcasting group is undervalued at present.
KKR has acquired a stake of 5
Endeavor finalises $260m loan amid cost-cutting drive
Endeavor, the US-based sports and entertainment group whose assets include the IMG agency and Ultimate Fighting Championship (UFC), has finalised a $260m (€240.3
MLS seeks 20 per cent pay cut from players
Major League Soccer is reportedly seeking a 20 per cent pay cut from its players to help deal with the financial consequences of the Covid-19 pandemic
Dolphins quarterback Tagovailoa has top-two selling NFL jerseys
Miami Dolphins' new quarterback Tua Tagovailoa has demonstrated his star power by having the National Football League's top-two selling jerseys since the NFL Draft
Belgium’s Lommel becomes ninth club in City Football Group’s portfolio
City Football Group, the ownership group of Premier League champions Manchester City, has announced the acquisition of Belgian football club Lommel SK
NZR ‘talks with private equity’ about potential Club World Championship
New Zealand Rugby has had talks with private equity firms Silver Lake and CVC Capital Partners about investing in Southern Hemisphere competitions and a Club World Championship