Finance & Law

PrimeBlock has been ordered to pay $400,000 to the NBA’s New Orleans Pelicans in the industry's latest case of a crypto-based venture falling short of its sponsorship obligations.

Italian professional clubs enjoyed record revenues in the 2022-23 season but levels of debt are still high, and the disparity between Serie A and the rest of the pyramid is growing, according to the annual report from the Italian Football Federation (FIGC).

F1 owner Liberty Media has revealed it is facing a US Department of Justice investigation into its move to prevent Andretti Formula Racing from entering the series as its 11th team.

FC Barcelona has secured a €40m ($43.6m) investment from hospitality and catering service provider Aramark that will enable the club to balance its accounts ahead of the new LaLiga season.

News Corp is weighing up the sale of its Foxtel pay-television business in Australia after receiving takeover interest.

US media giant Paramount Global's focus will remain international when its takeover by Skydance Media is completed, despite a tightening of the belts that will lead to mass job cuts.

IMG Arena and OpenBet have become the first Endeavor-owned entities to be put up for sale ahead of Silver Lake’s expected privatisation of the sports and entertainment giant in the first quarter of 2025.

TKO Group, the Endeavor-owned parent company of WWE and the Ultimate Fighting Championship, has raised its full-year guidance after posting new quarterly records for revenue and adjusted earnings.

Warner Bros. Discovery boss David Zaslav has attempted to play down concerns that the group's impending loss of NBA rights will have a significant impact on future carriage negotiations.

Walt Disney's combined streaming business was profitable for the first time in the third quarter, helped by ESPN+, as the US entertainment giant moved back into the black

Administrators for the London Lions have revealed that three purchase offers are expected to be placed for the team by Friday, and denied claims that Tesonet has already reached an agreement to buy the franchise.

Genius Sports’ second-quarter net loss has widened year over year to $21.8m (€20m) as the group says it will only target profitable betting rights acquisitions, having already sewn up English Premier League and NFL contracts to nearly the end of the decade.

Streaming platform Fubo lost more than 60,000 subscribers in North America during the second quarter of 2024 and posted a net loss of $25.8m (€23.6m) for the three-month period.

Guild Esports, the UK-based esports team organisation and lifestyle brand backed by David Beckham, has received a takeover approach from US investment management company DCB Sports

Ecuador's Liga Pro has announced a major clampdown on illegal streaming of its content after the return of the top flight on a new broadcast partner was disrupted by piracy.

FC Porto has revised its contract with Spanish investment firm Ithaka, selling a stake in the economic rights to its Dragão stadium in return for increased funding of up to €100m ($108.3m).