Finance & Law

Cricket Australia (CA) has engaged US financial services company Morgan Stanley to help it assess a potential privatisation model that could see it sell off a stake in its commercial business

Upcoming showpiece event at SoFi Stadium draws strong fan response

World Aquatics, the global governing body for water sports disciplines, has claimed victory in a long-running court battle with swimmers involved in the International Swimming League (ISL) over issues…

Formula 1 is reportedly seeking to generate $500m (€468m) in revenues from the much-anticipated debut of the Las Vegas Grand Prix this fall as the global motorsport series looks to further establish i…

In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Len Perna, chairman and chief executive of TurnkeyZRG. Fisher and Russo also discuss the National Football League’s handling of governance matters surrounding the life-threatening, on-field injury of Buffalo Bills safety Damar Hamlin, ownership changes within Candy Digital, Cristiano Ronaldo’s historic signing with Saudi Arabian football club Al Nassr, Vince McMahon’s return to operational control of World Wrestling Entertainment, and John Henry’s leadership of Fenway Sports Group.

Two major East Asian markets report rampant piracy of Fifa World Cup matches in December, while piracy challenges subside in some other markets.

London-headquartered investment management company Merlyn Advisors has withdrawn its takeover offer for Italian Serie A club Sampdoria

Former executive chairman plans return to operational control, and a company sale process conducted in tandem with media rights negotiations

Non-fungible token (NFT) company Candy Digital announced that it has raised a Series A1 financing round, just one day after Fanatics disclosed it was divesting 60 per cent of its investment in Candy Digital

UK free-to-air broadcaster Channel 4 has welcomed the confirmation today (Thursday) that the government will pursue reform rather than privatisation of the organisation

Betting data services company Genius Sports has settled a legal dispute with SoftConstruct, a technology company which has its headquarters in Yerevan, Armenia

Fanatics is divesting its 60 per cent equity stake in non-fungible token (NFT) company Candy Digital and selling its interest to an investor group led by cryptocurrency merchant bank Galaxy Digital, according…

UK Culture Secretary Michelle Donelan has written to Prime Minister Rishi Sunak advising against the privatisation of free-to-air broadcaster Channel 4

Rogers Communications’ C$20bn (€13.9bn/$14.7bn) bid for rival Canadian telco Shaw has been approved by the Competition Tribunal in the country, seemingly paving the way for a merger between the two firms.

In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview David Palmer, founder of Bernoulli | Locke. Fisher and Russo also discuss the National Football League’s new deal with YouTube for NFL Sunday Ticket, the sale of the National Basketball Association’s Phoenix Suns and Women’s National Basketball Association’s Phoenix Mercury to Mat Ishbia, the appointment of Charlie Baker to lead the National Collegiate Athletic Association, the sports advertising and sponsorship market during the first quarter of new year, and the 2023 CES.

Cricket Australia has extended its domestic media rights agreements with pay-television operator Foxtel and commercial broadcaster Seven in deals worth a total of A$1.5bn ($1bn/€954.4m) over seven seasons, from 2024-25 to 2030-31.