Finance & Law
Bruin-owned TGI Sport acquires cricket talent agency Insignia
TGI Sport, the virtual advertising technology, media and marketing company part owned by Bruin Capital, has continued its aggressive acquisition push in the talent representation market, concluding a deal to buy cricket management agency Insignia Sports International.
Russian tycoon Rybolovlev considers AS Monaco sale
Russian billionaire Dmitry Rybolovlev is considering the sale of his majority stake in French Ligue 1 club AS Monaco and has engaged Raine Group to act as advisor in any sale
Sony-Zee $10bn merger off, legal threats issued on both sides
The planned $10bn (€9.2bn) mega-Indian media merger, two years in the making, between Sony Pictures Networks and Zee Entertainment was officially scrapped today (Monday).
Berrada hired as Man United CEO in latest City Football Group exit
Manchester United has announced the appointment of Omar Berrada as its new chief executive after he left his position as head of football operations at City Football Group (CFG), the parent company of Premier League rivals Manchester City.
Silver Lake plans to sell off parts of a privatised Endeavor
Silver Lake, the US private equity firm that holds a majority stake in Endeavor, is planning to sell off parts of the sports and entertainment company once it takes the group private
SweetSpot enters liquidation following loss of British Cycling contract
SweetSpot, until recently the organiser and promoter of cycling's Tour of Britain, has entered liquidation as it faces legal disputes exceeding £1m (€1.2m/$1.3m).
CVC v Blackstone in bid to partner with Bundesliga in new media company
The battle to become the strategic partner of the German Football League (DFL) in a potential new media company is down to two private equity firms: CVC Capital Partners and Blackstone
Diamond Sports emerges out of bankruptcy, Amazon becomes investor
Diamond Sports has entered into a restructuring support agreement with its largest creditor groups to enable it to emerge from bankruptcy, with the deal including a commitment from Amazon to make a minority investment.
Mass job cuts planned at A-Leagues, KeepUp media unit set to shut
The Australian Professional Leagues (APL), the governing body of the A-League Men and Women competitions, is set to cut as much as 50 per cent of its workforce, with its KeepUp media arm among the casualties,…
Viaplay eyes double-digit profit margin in five years following rescue package
Viaplay Group aims to deliver double-digit operating profit margins within five years following the drastic cost reduction programme enacted over the last six months and exits from loss-making international…
Horse racing to cease in Macau after government licence decision
Macau is the latest region where horse racing will cease to operate after its government announced it will be removing the local jockey club’s licence to operate.
Famed sports docuseries producers Box to Box raises £30m from Bruin
Global sports and entertainment investment company Bruin Capital has made a significant investment in Box to Box Films, the UK production company behind the array of popular Netflix sports docuseries
Funding pledge firms up Birmingham as 2026 European Championships host
Concerns have been eased over Birmingham’s status as host city for the 2026 European Athletics Championships following a funding pledge from the West Midlands Combined Authority (WMCA).
NFL ‘in advanced talks’ to take ESPN stake
Disney and the National Football League have held "advanced talks" over the latter taking an equity stake in ESPN, it has been claimed
Newcastle United posts heavy loss despite rising commercial revenues
Premier League club Newcastle United posted a loss of £73.4m (€85.4m/$935.9m) for the financial year ending June 30 2023 but saw revenues rise to record levels thanks to the first of a series of commercial deals conducted by the club's new Saudi owners.
CFO Wallace reunited with Francini at Iris
Iris Sport Media, the company set up by Ioris Francini and his former IMG colleagues Floris Weisz and Luca Baldanza, has recruited Graham Wallace as chief corporate and financial officer
Two Circles set for Charterhouse private equity takeover
UK-based private equity firm Charterhouse Capital Partners has finalised an agreement to acquire a majority stake in data-driven sports marketing and sponsorship sales agency Two Circles.
Twitch’s Jacobs becomes DAZN’s first global CRO
DAZN has recruited Walker Jacobs from Twitch to the newly created position of global chief revenue officer and president of DAZN’s US operation.