Finance & Law
Sports industry rebukes US Supreme Court ruling on abortion
Landmark ruling spurs widespread criticism from leagues, individual athletes
Volleyball World invests in Asian Volleyball Confederation commercial rights
Volleyball World, the joint venture between the International Volleyball Federation (FIVB) and investor CVC Capital Partners, has struck a nine-year commercial rights deal with the Asian Volleyball Confederation…
IWF elects Jalood as president, financial results underline IOC revenue dependency
The International Weightlifting Federation has elected Mohammed Jalood as its new president, with its financial results demonstrating the importance of Olympic revenues to the under-fire world governing…
FanRally completes $3m seed funding round
New ticketing membership platform receives capital infusion
Meredith McPherron on the evolution of Drive by DraftKings
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Meredith McPherron, chief executive and managing partner of Drive by DraftKings. Fisher and Russo also discuss ongoing turbulence and change in the golf business spurred by the arrival of LIV Golf, Bruin Capital’s sale of streaming video technology company Deltatre, Susquehanna Investment Group’s new support of sportsbook PointsBet, a non-fungible token partnership involving the National Hockey League and NFT distribution platform Sweet, and moves by Fanatics chief executive Michael Rubin to sell his equity in Harris Blitzer Sports & Entertainment and further position the company into sports betting.
Odisha government becomes fifth Ultimate Kho Kho franchise owner
Odisha Sports Development and Production Company (OSDPC), the holding company owned by the government of the Indian state of Odisha, has acquired a franchise in the Ultimate Kho Kho (UKK) league
All India Football Federation told to resolve governance issues ‘or face Fifa ban’
Fifa has instructed the All India Football Federation (AIFF) to hold long-awaited leadership elections and adopt a new constitution by the middle of September, or face disciplinary action, an official…
Swiss appeals court convicts ex-Fifa boss Valcke, Al-Khelaifi acquitted again
Former Fifa secretary general Jérôme Valcke has been found guilty by a Swiss appeals court of forging documents and corruption in a case relating to World Cup media rights, but beIN Media Group chairman a…
Fanatics ‘in talks’ to acquire sports betting company Tipico
Global sports merchandising company Fanatics is in talks to acquire European sports betting company Tipico as the firm looks to make significant inroads into the gambling landscape
Former Astros GM Luhnow acquires Spanish club Leganés
A consortium led by former Houston Astros general manager Jeff Luhnow has acquired Spanish second-tier football club Leganés.
Hong Kong Premier League to implement VAR after ‘receiving HK$10m grants’
The Hong Kong Football Association (HKFA) has announced it is seeking to implement Video Assistant Referee (VAR) technology in the Hong Kong Premier League from the start of the 2023-24 season
Bruin Capital sells Deltatre to Bain Capital, Nextalia SGR
Long-awaited deal brings sizable return for global sports investment company
Monahan admits PGA Tour cannot win “arms race” with LIV Golf
PGA Tour commissioner Jay Monahan has conceded that the embattled golf organization cannot compete with the Saudi-backed breakaway LIV Golf in a financial "arms race" to compensate the best players in…
EXCLUSIVE: LaLiga terminates media rights deal with China’s Super Sports Media
Spanish football's LaLiga is terminating its digital media rights agreement in China with sports marketing company Super Sports Media due to missed rights fee payments, SportBusiness understands
Milano Cortina 2026 ‘raises financial concerns’ with Italian government
Local government bodies involved with organising the Milano Cortina 2026 winter Olympic and Paralympic Games have raised concerns with the Italian government over the funding plan for the event and have…
Rubin to sell HBSE minority equity stake
Fanatics chief executive Michael Rubin is selling his minority equity stake in Harris Blitzer Sports & Entertainment, the parent company of the National Basketball Association's Philadelphia 76ers and…
Aser invests in sports broadcast technology start-up Sponix
Aser Ventures, the investment vehicle headed by Andrea Radrizzani, has acquired a stake in Sponix, the Doha-based sports technology start-up
IFs show increasing financial transparency but gender balance improvements slow
International federations have displayed an increasing transparency over the publication of their accounts and continue to introduce term limits for presidents, but progress on increased gender balance…