Finance & Law
Tottenham seeking outside investment despite record revenues
Premier League club Tottenham Hotspur is in talks with "prospective investors" after reporting losses of £86.8m (€101.2m/$109.4m
Endeavor valued at $13bn in Silver Lake’s privatisation plans
Endeavor, the sports and entertainment giant that owns the IMG agency and Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) properties, is going private three years after listing on the New York Stock Exchange.
Brighton posts record profits on back of on-pitch success, player trading
Brighton & Hove Albion has announced record turnover and profits for the 2022-23 financial year after its most successful season in the English Premier League.
In-game digital buys becoming key revenue stream for esports teams
A shift in the esports revenue distribution model away from prioritising sponsorship to focus more on in-game digital purchases is set to become the new norm, industry experts have predicted.
Arctos closes second sports investment fund at more than $4.1bn
Private investment firm Arctos has announced the final close of Arctos Sports Partners Fund II, the latest iteration of its sports fund, with over $4.1bn (€3.8bn) in capital commitments.
Elevate acquires Fenway Sports’ consulting arm
Elevate has fully acquired Fenway Sports Management's Consulting Group, taking over the Boston-based company's client list and nine-person staff
Everton facing further punishment as Premier League clubs post more losses
Everton FC recorded a loss of £89.1m (€104.2m/$111.9m) for the 2022-23 financial year and faces the prospect of further punishment for breaching the Premier League's Profitability and Sustainability Rules (PSRs).
Americas growth the target as Liberty finalises Dorna takeover
Liberty Media has targeted the Americas as the main growth region for MotoGP after striking a deal for Dorna Sports that values the series promoter and rights-holder at €4.2bn ($4.5bn).
SBS9 rebranded in Viaplay-Talpa content tie-up, revenue share
Talpa Network has strengthened its sports offering to customers by striking a linear TV partnership in the country with Viaplay Group, helping to offset the Dutch broadcaster's loss of Uefa club competition rights.
Liberty Media’s Dorna takeover set to drive F1-MotoGP efficiencies
Dorna Sports’ expected sale to Liberty Media for over €4bn ($4.3bn) offers the potential to generate a host of commercial efficiencies across both Formula 1 and MotoGP in a watershed moment for motorcycling.
Premier League enters VR gaming with Rezzil investment and licensing deal
The English Premier League today announced it has acquired a stake in virtual reality software firm Rezzil and agreed a new four-year licensing agreement.
Pac-12 settlement to total $65m withheld from 10 departing schools
Oregon State and Washington State have finalised their settlement over financial distributions with the 10 schools leaving the Pac-12 Conference, which will amount to $65m (€60m) withheld from the departing u…
Bournemouth boosted by promotion, funds from new owner Foley
AFC Bournemouth has announced pre-tax profits of £44.5m (€51.8m/$56.3m) for the 2022-23 financial year after winning promotion back to the Premier League and following an injection of funds from new owner Bill Foley.
Native American fund to invest up to £105m in Ipswich Town after buying 40-per-cent stake
Ipswich Town is set for a significant injection of funds after Native American investment fund Bright Path Sports bought a 40-per-cent stake in the high-flying English Championship club.
Krauss to vacate Infront Austria MD, winter sports roles
Stefan Krauss, the long-standing managing director of Infront Austria and the agency’s vice-president of winter sports, is to leave the company by the end of next month.
RFEF fires legal, HR directors in fallout from corruption investigation
The Spanish Football Federation (RFEF) has terminated the contracts of two key directors arrested yesterday in Madrid as part of an ongoing corruption investigation.
TKO to pay out $335m in UFC antitrust settlements, stock up nearly 8 per cent
Ultimate Fighting Championship parent company TKO Group Holdings has reached an agreement to settle the claims brought against the company in two class action antitrust lawsuits and will pay out $335m…
Sportradar swings to Q4 profit, bullish on Brazil betting
Sportradar swung back into the black in the fourth quarter thanks to growth across all segments, sending the sports data and betting services firm’s share price soaring to a temporary seven-month high in Wednesday morning trading.