Finance & Law
WWE posts improved financials in first post-McMahon report
Company acknowledges poor controls related to former chair's activity
One Championship parent company ‘targeting’ US IPO
Group One Holdings, the parent company of Asian mixed martial arts promotion One Championship, is reported to be considering a US initial public offering
Uefa report: Women’s club football set for six-fold increase in value over next decade
European football’s governing body Uefa has stated that the commercial value of the women’s club and league game across the continent is set to see a six-fold increase over the next decade to €686m ($695…
Barcelona strikes late €100m ‘fourth lever’ deal with Roures’ Orpheus Media
Barcelona has announced the sale of a 24.5-per-cent stake in its Barça Studios production division to Orpheus Media, a production entity run by Mediapro co-founder Jaume Roures, for €100m ($102.8m
Navarro adds Western and Southern Open to tennis portfolio
American billionaire businessman Ben Navarro has acquired the Cincinnati, Ohio-based Western and Southern Open tournament from the United States Tennis Association.
UFC and return of live events boost Endeavor’s Q2 results
Sports and entertainment group Endeavor has once again raised its full-year revenue guidance after posting $1.31bn (€1.26bn) in second-quarter revenue and $42.2m in net income.
Entain acquires Croatia’s SuperSport, forms CEE operation
Sports betting and gaming group Entain has today (Thursday) launched a new venture to drive expansion in Central and Eastern Europe through the €600m ($619.7m) acquisition of Croatian operator SuperSport.
Australian Open hails economic impact and audience numbers reported by Nielsen
The Australian Open tennis grand slam generated more than A$405m ($287m/€278m) in economic activity in the state of Victoria during the pandemic-afflicted years of 2021 and 2022, according to a report b…
LLDC, Allen & Overy settle legal case over West Ham stadium deal
The London Legacy Development Corporation (LLDC), the commercial rights-owner of the London Stadium and Queen Elizabeth Olympic Park, has reached an out-of-court settlement with legal firm Allen & Overy
CAF announces plans for African Super League boasting $100m prize fund
The Confederation of African Football (CAF) has announced plans for an African Super League with a prize fund of $100m (€96.8m) for the competing clubs.
Eli Manning joins Gotham FC ownership ranks
Former New York Giants quarterback Eli Manning has become the latest celebrity investor in National Women's Soccer League club NJ/NY Gotham FC
LIV Golf trio denied bid to play in FedEx Cup Playoffs, Smith ‘to make switch’
A federal judge in California has rejected a bid from three LIV Golf participants to be allowed back into the PGA Tour to compete in the FedEx Cup Playoffs, which begin this week with the FedEx St.
Endeavor sells Diamond Baseball Holdings subsidiary to Silver Lake in $280m deal
Endeavor has been forced to call time on its significant entry into Minor League Baseball after just eight months, with the sports and entertainment conglomerate selling its 10-team Diamond Baseball Holdings…
Barcelona sells further Barça Studios stake for €100m amid struggle to meet budget rules
Barcelona has activated a fourth ‘lever’ to meet LaLiga budget rules, selling 24.5 p
Foxtel adds 500,000 subscribers as streaming growth continues
Australian pay-television operator Foxtel saw its number of paid subscribers increase by more than 500,000 during the 12-month period to the end of June as the growth of its streaming services more than…
Vivid Seats combines ticketing with fantasy sports, announces record second quarter
US online ticket marketplace Vivid Seats has launched a new product combining ticketing with daily fantasy sports (DFS) as it today (Tuesday) reported record quarterly financial results
Liberty Media leads $100m Series D funding round in Overtime
Digital sports media network Overtime has announced it has raised $100m (€98m) in a Series D funding round, led by Liberty Media Corp and return investor Counterpoint Global, a Morgan Stanley investment fu…
Promoted clubs agree to join LaLiga Impulso
LaLiga Impulso, the investment venture between the governing body of the top two divisions of Spanish club football and private equity firm CVC Capital Partners, has seen its membership expanded with the…