Finance & Law
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
Round-Up: Wanda delists, Tebas says Infantino supports Euro Super League, ISL financial concerns, and more
Wanda Sports delisted from the Nasdaq stock exchange on Friday - Caixin Global (subscription required)
Round-Up: Suning in talks over Inter stake, Adidas launches CNY kits, Thai Open ‘safe to proceed’, and more
Chinese conglomerate Suning is looking to sell a stake of up to 40 per cent in its Italian Serie A football club Inter Milan, and is in talks with UK-based private equity firm BC Partners - Reuters/CNA
Adi
Mantle card sale sets new industry record
Rare trading card of late Hall of Famer sold for $5.2m.
Round-Up: Osaka becomes LV ambassador, Pound reflects on Wada journey, Thai Open Covid-19 tests overturned, and more
Japanese tennis player Naomi Osaka became a brand ambassador for French fashion label Louis Vuitton - CNN
Cricketers association takes action against ICC over image rights
The Federation of International Cricketers’ Associations (Fica) is set to take legal action against the International Cricket Council (ICC) over the alleged unfair use of players’ image rights.
Competition watchdog probes Rangers and retailers over kit pricing
Scottish football club Rangers is under investigation from the Competition and Markets Authority (CMA) over alleged price fixing for its replica kits
Endeavor invests in Duffy’s BDA basketball agency
Endeavor, the sports and entertainment group that owns sports marketing agency IMG, has invested in basketball-focused representation agency BDA Sports Management