Finance & Money

Chinese company Fosun International is seeking new minority investors for its  English Premier League club Wolverhampton Wanderers, according to media reports.

Uefa, the governing body of European football, has revealed details of the prize money available to clubs competing in this season’s Champions League and Europa League as it released the inaugural edition o…

International sports investment company 23 Capital has appointed Darrell McLennan Fordyce as its new global chief marketing officer

The University of Alabama is tracking how long students stay at its Crimson Tide American football games in an attempt to keep fans in their seats from kick-off until the final whistle, the New York Times…

Electric car-racing series Formula E will exceed revenues of €200m ($219.4m) when it lodges its accounts for the 2018-19 period and will report a profit for the first time since its launch in 2014.

The UFC mixed martial arts promotion has reportedly launched a new leveraged loan worth $465m (€423m) on the back of its recent rights agreement with sports broadcaster ESPN.

The six franchises in the Pakistan Super League cricket tournament are refusing the Pakistan Cricket Board's demand to produce bank guarantees ahead of the new season, until they are provided with audited…

Wanda Sports China, a subsidiary of Chinese sports marketing company Wanda Sports Group, has appointed Yimin Gao as president and chief executive officer, replacing Dongwei Yang

German football champion Bayern Munich has announced record figures for both revenue and profit in the 2018-19 season

The Australian Football League's push into China has had symbiotic benefits for all parties that goes beyond sports. SportBusiness takes a closer look at the deals that have ensued so far, and how they've worked out.

The IAAF has renegotiated a controversial contract with Dentsu agreed by its former president Lamine Diack. SportBusiness has seen a copy of the agreement and a letter from the IAAF's lawyer in which he describes some of the 'unusual provisions'. Ben Cronin reports.

After almost going bankrupt in 2018 following the collapse of for-profit subsidiary Rugby International Marketing (RIM), USA Rugby is pinning its hopes on being awarded the 2027 or 2031 Rugby World Cup. Bob Williams examines how the sport is growing in the States.

Bob Williams looks at the development of Major League Rugby in the US, and how the league is looking to avoid the mistakes made by previous organisations' attempts to successfully break the sport in the US market.

Chinese live-streaming platform Huya has today (Monday) agreed a strategic joint venture with Swedish media company Modern Times Group (MTG) that will see it acquire a minority stake in the latter’s e…

The International Basketball Federation (Fiba) generated revenues of CHF98.3m (€89.6m/$99.1m) in 2018, including commercial receipts of CHF75.4m, but reported a net loss of CHF5.3

Real Madrid has registered its second-highest profit in the past two decades, despite marginal increases in revenue amid one of the worst seasons on the pitch in the Spanish LaLiga football club’s recent h…

British petrochemicals company Ineos has completed a takeover of French Ligue 1 football club OGC Nice on Monday, with owner Sir Jim Ratcliffe, Britain's richest man, pledging to establish the club as…

Racing series sees sizable boost from 10-part documentary series

British petrochemicals company Ineos is poised to complete a takeover of French Ligue 1 football club OGC Nice after the proposed deal was cleared by the country’s competition regulator, the Autorité de…

The Rugby World Cup organising committee released an economic benefit impact report, that indicates the event in Japan next month could bring in $4.1bn (€3.7bn) to the local economy.

Octagon veteran Matthieu Feneart has been promoted to chief executive of LaLiga side Real Valladolid as the club’s new majority stakeholder, former Real Madrid and Brazil forward Ronaldo Luis Nazario, b…

Organisers of the Euro T20 Slam, the world’s first multinational Twenty20 franchise cricket tournament, have postponed its launch by a year amid reports of financial difficulties.

The Dallas Mavericks have become the second team in the NBA basketball league to accept Bitcoin, a form of cryptocurrency, as a method of payment for game tickets and merchandise

English Premier League football club Manchester City has been fined CHF370,000 (€340,000/$380,000) by global governing body Fifa for breaches relating to the international transfer and registration of p…

German Bundesliga football club Borussia Dortmund has set a new benchmark for revenues excluding transfer business, as overall revenue decreased year-on-year due to major outgoings in the previous accounting…

The Tour of Flanders cycling event in Belgium is boosting the Flemish economy by up to €40m ($44.8m), it has been revealed.

Scottish Rugby has posted a record turnover for the second consecutive year, with the body now in its best net cash position for over 25 years. Turnover rose to £61.1m (€65.9m/$73.8m

Israel-based WSC Sports, a provider of artificial intelligence-supported sports video highlights, has raised $23m (£18.9m/€20.5m) in Series C funding, the latest marker in the company's continued growth.

National Women's Soccer League team Sky Blue FC has announced that its Sunday, August 18, game against Reign FC has been moved to the 25,000-capacity Red Bull Arena in Harrison, New Jersey

Global sports and entertainment company Endeavor has delayed plans for an initial public offering (IPO) as it reportedly seeks to increase market valuation

Fifa president Gianni Infantino believes the governing body will exceed its pledge to double the prize money for the 2023 Women's World Cup to $60m (€54m).

The NBA is looking to leverage the new – and much-hyped – in-town rivalry between the Los Angeles Lakers and Los Angeles Clippers by reportedly scheduling games between the city rivals on Opening Day of …

Major League Soccer team Austin FC has announced a multi-year partnership with SeatGeek to serve as its official ticketing partner ahead of its inaugural season in 2021

Jack Warner, the former president of the Confederation of North, Central America and Caribbean Association Football (Concacaf) and vice-president of Fifa, has sued the Trinidad and Tobago Football Association…

Harris Blitzer Sports & Entertainment – the ownership group of the NBA Philadelphia 76ers and NHL New Jersey Devils – is taking a deeper dive into the esports industry by investing in start-up measurement and…

The United States women's national team's ongoing battle for equal pay and working conditions took another twist when US Soccer Federation (USSF) president Carlos Cordeiro published an open letter on July…

Wanda Sports Group saw its share price fall 36 per cent on its trading debut after its initial public offering on NASDAQ raised just $190m, less than half its early goal for the listing