Finance & Law
NBA remains in limbo as players agree to take pay cuts
National Basketball Association commissioner Adam Silver has admitted it remains impossible for the league to make any decisions about whether or when to resume the season due to the ongoing uncertainty…
Switzerland cuts licence fee again but SRG SSR funding increased
The Swiss Federal Council has announced a reduction in the licence fee paid by households from CHF365 (€347/$377) to CHF335 per year, a 8.2-per-cent fall.
‘We’re very focused on bringing the cost cap down’ | Mark Waller, McLaren F1
Mark Waller, managing director, sales and marketing, McLaren F1, talks about the difficult decision to furlough some staff members during the Covid-19 pandemic and argues the case for an even lower team cost cap in Formula 1.
Cricket Australia furloughs staff
Cricket Australia is standing down the majority of its staff from April 27 until the end of the current financial year, the latest major Australian sporting body to be hit by the economic fall-out from…
S&P downgrades Endeavor credit rating
Credit ratings agency S&P Global this week downgraded Endeavor, owner of the IMG sports marketing agency and the Ultimate Fighting Championship, from "highly speculative" to "substantial risk"
US Soccer shuts down majority of youth teams amid further cutbacks
The United States Soccer Federation has announced a series of cutbacks as a result of the Covid-19 pandemic, including staff pay cuts, furloughs and layoffs
World Rugby unveils $100m global relief package
World Rugby has announced that it has established a relief fund of $100m (£80.4m/€92.2m) as it looks to steer the sport through the ongoing Covid-19 crisis.
K-League calculates Covid-19 revenue hit
Korean football's K-League is projecting a decline in revenues of KRW57.5bn ($47m) this year due to Covid-19
New Zealand Rugby freezes NZ$25m in player wages
New Zealand Rugby (NZR) and the New Zealand Rugby Players’ Association (NZRPA) have today (Thursday) agreed to a package of payment changes as the governing body looks to save NZ$25m (€13.7m/$14.9m)
DraftKings gets SEC clearance for merger
Deal set for shareholder vote on April 23
MLS could lose billions over Covid-19, says Sounders owner
Major League Soccer teams could potentially lose billions of dollars as a result of the sports competition shutdown caused by the Covid-19 pandemic, according to Seattle Sounders majority owner Adrian…
WWE announces furloughs, pay cuts as Covid-19 continues to hit McMahon’s operations
World Wrestling Entertainment has announced it is furloughing a portion of its workforce, cutting executives' pay, and releasing on-screen talent as a result of the effects of the global Covid-19 pandemic
ESPN shows interest in Korean baseball rights
US sports broadcaster ESPN is reported to have approached the Korea Baseball Organisation (KBO) about the possibility of acquiring media rights in the US
Olympic revenue reliant World Sailing furloughs staff and makes pay cuts
World Sailing, the sport’s world governing body, has taken action to offset the effect of the Covid-19 pandemic and uncertainty over Olympics revenues, furloughing the majority of its staff and recommending 2…
‘Some clubs will really struggle’ | Tifosy CEO Fausto Zanetton on surviving the shutdown
Fausto Zanetton, chief executive of Tifosy Capital & Advisory, discusses why player salaries have become such a burning issue for clubs, the knock-on affects of France’s media rights cycle, and the potential long-term impacts of the shutdown.
Chinese Super League distributes revenue, chases debts
The Chinese Super League is due to pay RMB15m ($2.1m/€1.9
Saudi investors edge closer to Newcastle United takeover
The long-running sale of English Premier League club Newcastle United looks imminent, with reports that an agreement laying out a deal with Saudi Arabia's Public Investment Fund has been submitted to the…
Canal Plus ‘won’t pay’ final Top 14 rights fee instalment
French pay-television broadcaster Canal Plus will not pay the final rights fee instalment for this season’s Top 14 rugby union competition, it has been reported.