Finance & Money

US-based mass media group Liberty Media has announced an amendment to the term loan and revolving credit facility of certain subsidiaries of Delta Topco, the subsidiary that holds all of its interests …

Chinese technology giant Tencent has announced the purchase of Malaysian online streaming service Iflix’s “content, technology, and resources” as it seeks to enhance its presence in Southeast Asia. T

The International Equestrian Federation (FEI) has said it expects to make a loss of CHF8.23m (€7.7m/$8.7

The World Anti-Doping Agency (Wada) has fired back at the latest US criticism of its governance following a report from the White House’s Office of National Drug Control Policy (ONDCP) threatening to p…

Euroleague Basketball has announced that its member clubs will see a 14-per-cent drop in revenue distributions due to the decision to cancel the 2019-20 seasons of its EuroLeague and EuroCup competitions

Advent International has become the latest US investment firm to make a bid for a stake in Italian football’s Serie A, according to Bloomberg.

UK pay-television broadcaster Sky has today (Monday) confirmed an agreement with the Rugby Football League over Super League clubs’ television revenues for the 2020 season, which remains suspended due t…

Australian rules football league the AFL has marked its return to action today (Thursday) by revising and extending its rights contract with commercial broadcaster Seven, and is said to have amended its…

The Brazilian Football Confederation (CBF) has opened up a credit line worth up to R$115m (€21.2m/$23.8

US Olympic national governing body has suffered declining revenues and membership numbers since the onset of the health crisis but large financial reserves coupled with a move to put competitions and coaching courses onto digital platforms have stemmed losses.

Tom King talks to Razlan Razali, team principal of Petronas Yamaha SRT MotoGP team, about the growth potential for motorcycle racing in Southeast Asia.

Behind closed doors matches are not a panacea for the impact of Covid-19, nor are they always better than not playing at all.

Chris Russo, chief executive of Fifth Generation Sports LLC, looks at the US market for sports-related M&A deals and their future prospects amid the Covid-19 pandemic

The English Premier League is said to have secured an agreement with its domestic rights-holder, pay-television broadcaster Sky, meaning clubs will be able to defer the payment of a collective rebate worth…

The 2020 Major League Soccer season will officially take place after the MLS Players Association finally agreed to a return-to-play proposal

Major League Soccer has pushed back its ultimatum to the MLS Players Association over accepting a return-to-play proposal by a day, until June 3, as both sides try to avoid a lockout and salvage the 2…

The New South Wales (NSW) government has dropped controversial plans to give Sydney’s ANZ Stadium an A$800m (€484.4m/$538.3m)

The International Automobile Federation (FIA) has approved a package of cost-cutting measures for Formula 1 that will include a $145m (€131.7

The French Football League (LFP) has voted in favour of expanding Ligue 2 from 20 to 22 teams for the 2020-21 season, while Ligue 1 clubs are ready to offer their lower league compatriots an additional…

The chairman of the Australian Cricketers Association has condemned Cricket Australia’s cost-cutting in response to the Covid-19 pandemic as "disastrous" for the sport.

The promoter of the Singapore Formula One Grand Prix has said it would be "unfeasible" for it to stage a race with no fans. The race is scheduled for September 20

US technology giant Apple has reached an agreement to acquire virtual reality technology company NextVR

Prominent gaming company sees no long-term drag due to pandemic

Global investment holding company Tennor has completed a deal to acquire a stake in the Global Champions Tour (GCT) and Global Champions League (GCL) equestrian series from US businessman Frank McCourt…

The shutdown of professional sport in Japan will have cost the economy ¥274.7bn ($2.6bn/€2.4b

XFL owner details several reasons former commissioner was fired "for cause"

NBC Sports has followed in the footsteps of ESPN and Fox Sports by asking its top on-air talent to take temporary pay cuts as a result of the sports competition shutdown amid the global Covid-19 pandemic

Larger shareholders in prominent gaming company include an array of sports industry executives

Hyundai is ending its sponsorship of the Australian A-League after this season, according to the Sydney Morning Herald

Board of Control for Cricket in India treasurer Arun Dhumal has said the organisation could lose Rp40bn ($530m/€489m) if this year's Indian Premier League is cancelled.

Operations restart after bat maker secures federal assistance

The English Premier League has reiterated its commitment to restarting its 2019-20 season, but will seek to end a proposal for matches to be played at neutral venues as shareholders were told that clubs…

Chinese Super League side Tianjin Tianhai has folded after failing to attract any buyer

US private equity company KKR has opted to reinvest in ProSiebenSat.1, stating that the Germany-based commercial broadcasting group is undervalued at present. KKR has acquired a stake of 5

Endeavor, the US-based sports and entertainment group whose assets include the IMG agency and Ultimate Fighting Championship (UFC), has finalised a $260m (€240.3

Major League Soccer is reportedly seeking a 20 per cent pay cut from its players to help deal with the financial consequences of the Covid-19 pandemic