Finance & Law
IMG acquires remote production services provider Cingularity
The IMG agency has acquired sports broadcast fibre service provider Cingularity, bolstering IMG Productions’ content delivery capabilities for federations, events and broadcasters.
Stepathlon attracts investment from Gallop, Gleasure, Croker and Dolan
Stepathlon, the community-based fitness platform, has attracted investment from industry luminaries including Australian sports administrator David Gallop, DAZN’s John Gleasure, Perform Group co-founder A…
Planned investment by the Philippines’ ABS-CBN in TV5 is terminated
A planned investment deal between two of the Philippines' biggest media groups and sports broadcasters has been terminated after coming under political pressure
Brazilian justice ministry investigates betting sponsorship contracts
Brazil’s Ministry of Justice has ordered football clubs, federations and the broadcaster Globo to submit their advertising and sponsorship contracts with sports betting operators for scrutiny amid concerns o…
Warner Bros. Discovery and BT complete sports joint venture deal
Media group Warner Bros
Paris 2024 organisers consider cost-cutting measures
Fewer courtesy cars and shorter operating windows for facilities are two of the cost-cutting measures being assessed by organisers of the 2024 Summer Olympic and Paralympic Games in Paris amid the difficult…
PCB shelves plans for private ownership in Pakistan Junior League
The Pakistan Cricket Board (PCB) has abandoned plans to sell the franchises in its new Pakistan Junior League (PJL) competition to private owners after failing to generate sufficient interest, according…
SeatGeek raises $238m in new money after SPAC deal collapse
Series E round of funding values the company at $1 billion
Premier League considers Uefa-style spending restrictions for clubs
Football’s English Premier League is reportedly considering introducing a rule that would restrict clubs’ spending on transfers and wages.
Tebow becomes an investor in USL Jacksonville expansion team
Tim Tebow, the superstar former University of Florida quarterback, has become a minority investor in a United Soccer League Championship expansion team, which will be based in Jacksonville, Florida
Yankees, LeBron James-backed fund joining AC Milan ownership
MLB club expands its soccer holdings as part of RedBird Capital-led takeover
USTA enjoys US Open premium hospitality sales boost
The United States Tennis Association has secured another commercial boost ahead of the US Open, with premium hospitality sales enjoying significant growth compared to the 2021 tournament and hospitality…
MLBPA pursuing unionization of MiLB players
Union representing major leaguers looks to expand its membership and mission
Ahmad Nassar on a new commercial reality for pro tennis
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Ahmad Nassar, newly named as executive director of the Professional Tennis Players Association and chief executive of its for-profit affiliate Winners Alliance. Fisher and Russo also discuss the state of tennis amid the start of the 2022 US Open, the development of TMRW Sports with star golfers Tiger Woods and Rory McIlroy, the debut of FanDuel TV, a competitive and operational shift for the Savannah Bananas, and the state of Major League Baseball’s special events following the 'Field of Dreams' and MLB Little League Classic games.
Sacramento Kings buying MiLB’s Sacramento River Cats
The National Basketball Association’s Sacramento Kings and private sports investment fund Arctos Sports Partners announced they are purchasing Class AAA Minor League Baseball club the Sacramento River C…
Nine reports increased revenues at linear and streaming businesses
Australian media group Nine Entertainment reported increases in revenue and ebitda (earnings before interest, taxes, depreciation, and amortisation) at its linear television business and a revenue increase…
GMR, Adani land Legends League Cricket franchises
Indian conglomerate GMR and Adani Sportsline, a subsidiary of business organisation Adani Group, have acquired the rights to operate franchises in Legends League Cricket (LLC), a new Twenty20 tournament…
Miller family sells further Utah Jazz stake
The Miller family has sold a portion of its minority interest in the National Basketball Association's Utah Jazz