Finance & Law
Sales process for Bundesliga media rights equity stake ‘to begin in October’
The German football league will begin a formal sales process for a sale of an equity stake in its media rights business at the end of October, with a view to wrapping up a deal in the first quarter next…
Australian billionaire Andrew Forrest ‘involved in Rugby Australia private equity talks’
Australia's richest man, Andrew Forrest, is involved in talks with investors including Silver Lake, CVC Capital Partners and Bruin Sports Capital about acquiring a stake in Rugby Australia's commercial…
Jim O’Connell on leveraging opportunity with Athletes First Partners
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Jim O’Connell, president of Athletes First Partners. Fisher and Russo also discuss RedBird Capital Partners’ sale of its stake in OneTeam Partners, the National Football League’s new collaboration agreement with the German Football League, Ares Management raising $3.7bn (€3.7bn) to invest in the sports industry, the pending sale of Major League Baseball’s Los Angeles Angels, and ownership turbulence with the National Basketball Association’s Phoenix Suns.
ATP Challenger Tour prize money rising to record $21m in 2023
ATP Challenger Tour prize money will increase sizably from $13.2m (€13.2m) this year to a record $21.1m
Silver Lake acquires additional City Football Group stake from China Media Capital
US private equity firm Silver Lake has upped its stake in City Football Group, the parent company of English Premier League club Manchester City and several other teams around the world
Vegas Golden Knights owner ‘in talks’ to buy Bournemouth
Bill Foley, the owner of the Vegas Golden Knights National Hockey League franchise, is reportedly in exclusive talks to buy English Premier League club AFC Bournemouth
RedBird Capital sells OneTeam Partners stake
United States-based investment firm RedBird Capital Partners has sold its equity stake in OneTeam Partners, the company designed to help athletes maximize the value of their name, image, and likeness r…
Ares Management raises $3.7bn to invest in sports industry
Los Angeles, California-based hedge fund Ares Management has announced it has raised $3.7bn (€3.7
EXCLUSIVE: Bruin-owned TGI Sport buys specialist virtual advertising agency ISG
TGI Sport, the virtual advertising technology, media and marketing company part owned by Bruin Capital, has agreed a deal to acquire specialist virtual advertising solutions agency the Interregional Sports…
Pagliuca to chair Deltatre as Bain-Nextalia SGR acquisition closes
Celtics, Bain Capital, Atalanta leader to assume key corporate role
Brewers owner Attanasio acquires minority Norwich City stake
Mark Attanasio, the principal owner of Major League Baseball's Milwaukee Brewers, has acquired a minority stake in English Football League Championship club Norwich City FC
ProSiebenSat.1 acquires Warner Bros. Discovery’s shares in OTT service Joyn
German commercial broadcaster ProSiebenSat.1 has reached an agreement to acquire the outstanding 50 per cent of the shares in streaming service Joyn from media group Warner Bros. Discovery
WBA taps CSMG to drive media, sponsorship in North America
The World Boxing Association has appointed sports and entertainment media company Collegiate Sports Management Group (CSMG) to drive media rights and sponsorship sales in North America on an exclusive …
Real Madrid reports 10-per-cent income rise amid Covid-19 recovery
Real Madrid has hailed its status as one of the few European football clubs to turn a profit during Covid-19, as the LaLiga outfit also reported a rise in revenue in its financial results covering the…
OFX links up with URC in new sponsorship
International foreign exchange company OFX has launched a new sponsorship deal with the United Rugby Championship (URC)
DAZN targets profitability in DACH region within 12 to 18 months
DAZN aims to be profitable within 12 to 18 months in German-speaking countries, according to Alice Mascia, the subscription broadcaster’s new chief executive in the DACH region.
Soon-Shiong considers bid to buy LA Angels
Dr. Patrick Soon-Shiong, the Los Angeles, California-based billionaire businessman, is reportedly considering a bid for Major League Baseball's Los Angeles Angels.
Viaplay heading to court in TV2 Premier League clips dispute
Viaplay Group has commenced legal action against Norwegian commercial broadcaster TV2 over its use of clips from the English Premier League