Finance & Law
TSM suspends partnership with FTX
United States-based global gaming and entertainment company TSM is suspending its 10-year naming rights deal with FTX after the cryptocurrency exchange filed for bankruptcy
Manhattan West named lead investor of Formula 1 Exhibition
Global strategic investment firm Manhattan West has been named the lead investor of Formula 1 Exhibition, the motorsport series' international traveling exhibition and immersive experience concept which …
Sportradar stock soars after robust earnings report
Latest results extend year of growth for sports data and technology company
WTA’s Tennis in the Land partners with REG to drive growth
Tennis in the Land, the Cleveland, Ohio-based Women’s Tennis Association 250 tournament, has secured a multiyear partnership with Rock Entertainment Group (REG) to drive commercial growth around the e…
Adidas launches €1bn bond sale
German sportswear manufacturer Adidas has announced that it has successfully placed two bonds in an amount worth €1bn ($1.04bn) in total.
LaLiga revenues rise to €1.94bn, losses reduced
LaLiga, the organising body of the top two divisions of Spanish club football, saw revenues increase by 1.2 per cent to €1.94bn ($2.03bn) for the year ending June 2022, while losses were reduced to €6.1m,
UK government launches ‘Digital Rights Review’ for sports events
The UK government has today (Tuesday) launched a review into whether its free-to-air ‘listed events’ rules should be reformed to accommodate changes in the broadcast and consumption of major sporting eve…
De Vos approved for final FEI term, federation’s 2021 revenues detailed
Ingmar De Vos has been re-elected to serve a third and final term as president of the International Equestrian Federation (FEI)
Jesse Cole on reinventing the notion of fan engagement
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Jesse Cole, owner of the Savannah Bananas. Fisher and Russo also discuss the still-turbulent world of sports streaming amid a new batch of third-quarter earnings reports, the strategic merger between Major League Pickleball and the Vibe Pickleball League, the collapse of cryptocurrency exchange FTX that has led to a bankruptcy filing and dissolution of some sports sponsorships, the National Basketball Association’s move to heighten its strategic investment activity, and deepened chaos for prominent social media platform Twitter under new owner Elon Musk.
Indian billionaire Ambani ‘interested in acquiring Liverpool’
Mukesh Ambani, one of India's wealthiest and most prominent businessmen, is interested in buying English Premier League club Liverpool, according to UK newspaper The Mirror
FTX files for bankruptcy, leaving sports sponsorships on brink
Beleaguered cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the United States, putting all the company's multiple global sports sponsorship deals in danger of collapse
Endeavor swings back to a loss amid macroeconomic issues
WME, IMG, and UFC parent points to inherent strength in company
Viaplay shelves launch in DACH region, plans Baltic cost savings
Viaplay Group, the international subscription streaming broadcaster, will not launch in German-speaking markets as planned next year amid wider cost-cutting initiatives
DC attorney general sues Commanders, NFL
New lawsuit claims team, league misled consumers regarding workplace misconduct probe
Miami-Dade exploring FTX legal remedies, Mercedes F1 team suspends deal
Miami-Dade County is exploring "all legal remedies" if cryptocurrency exchange FTX cannot meet its financial obligations in a 19-year stadium naming rights agreement at the publicly owned facility that…
Kelly Ripa, Mark Consuelos join Campobasso 1919 ownership
American actress and television host Kelly Ripa and her husband, actor Mark Consuelos, have announced their investment in Italian soccer club Campobasso 1919, joining the principal owner and operator North…
Genius Sports net losses continue despite revenue growth
Company says it remains on pace to hit 2022 targets for revenue, adjusted EBITDA
Binance pulls out of FTX bailout leaving sponsorship deals in jeopardy
The future of cryptocurrency exchange FTX and its raft of high-profile sports sponsorship and athlete endorsement deals has become increasingly uncertain after rival operator Binance backed out of a rescue…