Finance & Money

German Football League (DFL) chief executive Christian Seifert has said that the governing body of the top two divisions of the domestic game is in talks over a potential bridging loan, adding that it…

The UCI, the governing body for cycling, has decided to furlough its workforce to lessen the economic impact of the Covid-19 pandemic

The International Paralympic Committee (IPC) has admitted it faces a cash flow problem in the wake of the postponement of the 2020 summer Paralympic Games, but has maintained it won’t turn to the International O…

Australian pay-television broadcaster Foxtel yesterday announced it was laying off 200 staff and furloughing 140 more until the end of June, with chief executive Patrick Delany calling this week the "toughest…

The National Football League’s Tampa Bay Buccaneers are continuing to reap the commercial rewards of the arrival of superstar quarterback Tom Brady.

Global sports investment company Aser Ventures, the ownership group behind English football side Leeds United and international sports broadcaster Eleven Sports, has entered into a ‘strategic partnership’ wit…

Korean football clubs are facing dangerous financial problems due to the suspension of their season, the Yonhap News Agency has reported

Formula One Management, the body that runs Formula 1, has furloughed some of its staff while senior executives have agreed to take a reduction in their salaries

Lega Serie A, organising body of the top division of Italian club football, has voted unanimously to recommend that clubs impose wage cuts of between two and four months’ pay on playing and coaching s…

Ben Cronin looks at Advance Publications and Orkila Capital's recent acquisition of Ironman, and how it will be looking to capitalize on the event despite much of the audience and participants of the mass participation series being under lockdown.

Owners of NBA Philadelphia 76ers and NHL New Jersey Devils have taken a significant step to develop their wider business interests with appointment of David Abrams to senior executive role

SportBusiness speaks to Jorge Mendes about his role as a football agent and how it has developed.

Malaysia’s football clubs are to be formally privatised this year, but the journey from state support to self-sufficiency looks fraught, with questions over the future of broadcasting and sponsorship revenues. John Duerden takes a closer look.

More sports organisations and athletes around the world are cutting pay and introducing other cost-saving measures as the economic impact of the coronavirus bites

Brazilian commercial broadcaster Globo has sought to alleviate panic in the domestic football industry amid its decision to suspend payments for certain rights deals, stating its move will not affect clubs…

SNTV, the sports video news agency that is a joint venture between IMG and the Associated Press, has closed down its New York-based US operation, SportBusiness understands

The IMG agency has withheld its payment to the Football Association for international rights to the FA Cup as rights-holders continue to feel the effect of the sports shutdown

Bruin Sports Capital, the private equity firm founded by former IMG and Nascar executive George Pyne, has ended the sales process of its sports streaming technology company Deltatre, it has been reported

The International Swimming League (ISL) has unveiled a Solidarity Program reportedly worth more than $20m (€18.5

Los Angeles-based investment bank Park Lane claims it has a number of wealthy clients interested in purchasing Australian sports teams and perhaps even an entire league

China League One football club Liaoning FC is on the brink of shutting down, according to news agency Reuters

English Premier League clubs are to consult with their players regarding a proposed 30-per-cent wage cut amid the ongoing shutdown caused by the Covid-19 outbreak

Dorna Sports, the commercial rights-holder to motorcycling’s MotoGP series, is to provide its teams with advance payments as the financial effects of the Covid-19 pandemic continue to take hold.

Australian Olympic Committee president and International Olympic Committee member John Coates has opted to take a voluntary 20-per-cent pay cut amid ongoing financial uncertainty caused by the Covid-19…

Credit rating agency Moody's has downgraded its outlook for the Nasdaq-listed Formula One motor racing series to 'negative' from 'positive'

Highlight Communications, the Switzerland-based media company, has reported a 1

New Zealand Rugby has cut staff wages by 40 per cent for the next three months, and is in talks with players about a pay cut, in response to the Covid-10 crisis

World Rugby chief executive Brett Gosper has said it may still be possible to schedule international rugby matches this November although it appears increasingly likely that Northern Hemisphere countries’ s…

The Italian Football Federation (FIGC) has called on the government to introduce a fund to ‘save football’ in the country and has suggested that a share of betting revenue be donated to clubs and organisations in …

The England and Wales Cricket Board (ECB) has unveiled a £61m (€68.8m/$75.4m

Vietnamese professional basketball team Saigon Heat has disbanded temporarily due to the Covid-19 pandemic

Fifa is working on a major financial support plan for football organisations around the world, according to Reuters

New terms for canceled events draws quick rebuke

Rugby Australia has announced a provisional A$9.4m (€5.2m/$5.8

Chinese sportswear company Li-Ning revealed revenue in 2019 had grown double the pace of 2018, while net income tripled the previous year's after a one time gain, with net profit attributable to shareholders …

Italian football’s Serie A registered a 13.5-per-cent increase in revenues during the 2018-19 season, in part thanks to improved media-rights revenues.

Football Federation Australia has announced that it has taken the “regrettable decision” to stand down 70 per cent of its workforce in response to the Covid-19 pandemic.