Finance & Law

Formula E, the electric single-seater racing series, has revealed a loss of €42.4m for the financial year ending September 30, 2023, closing the gap on the previous year's €65m shortfall.

ATP Media registered revenues of $202.9m in 2023 and a profit of $4m, SportBusiness understands, thanks in part to the aggregation of ATP 250 rights and the return of the Shanghai Masters for the first time since 2019.

Recast, the Edinburgh-based digital media technology company rescued from administration nine months ago after amassing significant losses, has closed a $5m funding round led by US-based venture capital firm Morpheus Ventures.

After almost a year of negotiations with prospective buyers, Paramount Global has reached a deal with Skydance Media to form ‘New Paramount’ in an agreement that places the enterprise value of the merged entity at $28bn.

The Australian government has today (Thursday) passed a bill, first introduced in November following a lengthy review, designed to bolster its listed events legislation, though it still faces criticism…

Angel City of the National Women's Soccer League has been valued at $300m (€278.8m), a global record for a women’s sports franchise, following a long-term investment from Willow Bay and her husband, Disney CEO Bob Iger.

The National Football League's domestic out-of-market Sunday Ticket package will be able to be streamed in US commercial businesses for the first time, after EverPass Media, the media platform of the NFL…

World Boxing appears on the verge of establishing itself as the de facto governing body for the sport, with the rival International Boxing Association (IBA) facing two more threats to its existence

Boston Basketball Partners, ownership group of the Boston Celtics National Basketball Association franchise, has announced plans to sell all of its controlling shares in the team, just weeks after winning…

Barcelona has terminated an agreement with Mountain & Co, a special purpose acquisition vehicle tasked with handling the Nasdaq flotation of the LaLiga club’s Barça Media business, to focus on “near-term” business opportunities.

RCD Espanyol has terminated its stadium sponsorship deal with Stage Front and is readying legal action, over allegations of non-payment and breach of contract against the US ticketing and hospitality company.

Le Coq Sportif has taken a €2.9m ($3.1m) loan from the Paris 2024 organising committee to help ensure provision of kit at the Games and as a result of what owner Airesis describes as “operational cash flow challenges” for the sportswear brand.

The National Football League has said it will contest the verdict of a class action lawsuit that has ordered the league to pay $4.8bn (€4.48bn) to subscribers of the league’s domestic out-of-market broadcast package, NFL Sunday Ticket.

Larry Kestelman, the man responsible for reinvigorating Australian men's National Basketball League over the last decade, is looking to replicate that success in the women's game after taking a significant…

Owners of Engage Digital Partners, the UK-based digital agency whose clients include the International Cricket Council and Real Madrid, have appointed KPMG to begin a sale process

The European football market grew revenue by 16 per cent in the 2022-23 season to a new high of €35.3bn ($37.8bn), with record matchday and commercial incomes helping to offset a levelling-off of broadcast fees.