Finance & Law
Round-Up: Sina goes private, Lions to tour in South Africa, Vietnam marathon to go ahead, and more
Chinese media company Sina, majority owner of the Weibo social media platform and owner of the Sina Sports media platform, among other assets, has went private and ceased to be a publicly-traded company…
Al Hilal ‘seeks $2m settlement’ from former sleeve sponsor Flyin
Saudi Arabian football club Al Hilal is seeking a settlement payment from former sleeve sponsor, travel platform Flyin, according to local reports
Fifa expects to hit $6.44bn revenue target despite Covid, licensing revenues boosted
Fifa has maintained that it expects to reach its revised total revenue target of $6.44bn (€5.4
Round-Up: NFL agrees media rights deals ‘worth more than $100bn’, World Cup qualifier disruption expected, and more
The NFL has agreed new domestic media-rights agreements worth more than $100bn over ten years, according to media reports - CNBC, Variety, The Guardian, MarketWatch
Round-Up: China ‘asks Alibaba to divest media assets’, Tokyo torch relay to start without fans, and more
The Chinese government has asked internet giant Alibaba to divest its assets in the media sector due to concern about the company's public influence
Dick’s Sporting Goods preps new high-end store concept
Retail chain to open more experiential Dick's House of Sports
Covid-19 causes 5.4-per-cent drop in Bundesliga clubs’ 2019-20 revenues
A decline in ticket and transfer income brought on by the Covid-19 pandemic has been blamed for causing the total revenues generated by clubs in Germany’s top-flight Bundesliga and second-tier 2.
Brydens Lawyers calls for removal of its decals from NBL matches
Brydens Lawyers, a major sponsor of Australian sport, has called for its sponsorship decals to be removed from the basketball court of the Sydney Kings because players are slipping on the surface
Round-Up: Man Utd financials show Covid hit, KBO salaries drop, HK presses ahead with cycling Nations’ Cup, and more
The impact of the pandemic on football club finances was underlined again as Manchester United reported its second quarter results. United's matchday revenue was down 96 per cent year-on-year
Under Armour continues rapid scale-down in sponsorship spend
US sports brand Under Armour has massively cut its long-term sponsorship obligations and halved its obligations overall as the sport brand turns away from expensive kit supplier contracts
Fanatics expands into Chinese market via Hillhouse Capital partnership
Sports merchandising giant Fanatics is expanding its operations into China though a joint venture with leading Asia-focused private equity fund Hillhouse Capital
Round-Up: Blow for Seven in cricket rights battle, IPL close to major sponsorship deal, Indian tech firm plans chess league, and more
An independent arbitrator has reportedly found that Australian broadcaster Seven is entitled to only a A$5m reduction in its rights fee for Cricket Australia content this season, a drastic difference with…
Notre Dame sitting out EA game revival until NIL rules clarified
Swarbrick, Kelly give strong support to greater player NIL rights
Round-Up: Sportradar ‘valued at $10bn+’ in sales talks, CCTV may resume live NBA coverage, and more
Sports data firm Sportradar is being valued at $10bn-$12bn in discussions with potential buyers, who include several 'SPACs'
Goldin Auctions secures $40m in funding led by The Chernin Group
Investment round also involves series of industry luminaries
Adidas finalises plans to sell Reebok
German sportswear company Adidas has confirmed plans to divest its Reebok label in order to focus efforts on further strengthening its own brand
Fort consultancy to advise prospective US investors in European football
Ricardo Fort, the outgoing head of global sponsorship at Coca-Cola, believes the growth of American venture capital in sport will be a key area of interest for the new consultancy business he announced…
One Championship losses ‘hit $98m’ in 2019 despite 67-per-cent revenue increase
Singapore-based mixed martial arts promotion One Championship is reported to have made a loss of S$131.4m ($98