Finance & Law
Adidas sets March decision date on Reebok’s future
German sportswear company Adidas has said it will make a decision on the future of its Reebok brand in March after confirming it has begun to assess “strategic alternatives”.
Football Association of Ireland reports €5.1m loss, commercial income of €15.7m
The Football Association of Ireland has approved its 2019 financial accounts, which showed a loss of €5.1m ($6.2m) along with commercial income of €15.7m.
Fanatics adds non-apparel expertise with WinCraft deal
Fanatics has further strengthened its position in the licensed sports merchandise marketplace by acquiring WinCraft
Round-Up: CSL fans baulk at team name changes, Barcelona delays wage payments, and more
Fans have reacted angrily to an order by the Chinese Super League that clubs change their names to remove references to parent companies and investors
Wanda Sports Q3 revenues down 42 per cent but net profit reported
Wanda Sports Group, the owner of the Infront agency, among other interests in sport, has reported a 42-per-cent drop in third-quarter revenues, primarily due to the impact of the Covid-19 pandemic coupled…
Valencia ‘very advanced’ in shirt sponsor hunt prompted by betting ban
LaLiga outfit Valencia is “very advanced” in the process of finding a new shirt sponsor for the 2021-22 season.
FEI outlines reduced sponsorship and TV revenue expectations for 2021
The International Equestrian Federation (FEI) has budgeted for a total of CHF26.4m (€24.3m/$28.9m) in commercial revenues in 2021, a 13.6-per-cent drop on the figure generated in 2019.
Under Armour negotiates buyout of $50m University of Cincinnati apparel partnership
Sports apparel company Under Armour has negotiated a buyout of its 10-year, $50m partnership with the University of Cincinnati athletics department
Round-Up: Olympics athletes won’t be forced vaccinate, CFA to reduce salary cap, Nielsen Sports to return in Singapore, and more
Athletes will not be forced to get Covid-19 vaccinations ahead of next year's Olympics, but they should do so as a "demonstration of solidarity" with the Japanese people, IOC president Thomas Bach said…
Round-Up: CBA ‘may split with Infront’, Bach says Takahashi payments did not break rules, and more
There are reports that the Chinese Basketball Association is considering using a break clause to bring an early end to its commercial rights deal with the Infront China agency
Two Circles swoops for TRM Partners sponsorship agency
Two Circles, the data-driven sports marketing agency owned by Bruin Sports Capital, has acquired TRM Partners, the UK-based sponsorship sales and data agency
Round-Up: China hosts first international events, NBA to build ‘experience centres’ in China, Tokyo hospitality to be reined in, and more
China last weekend hosted its first major international sports events since the start of the pandemic
Spanish government rubber stamps gambling sponsorship decree
The Spanish Government has approved the Royal Decree on the Commercial Communications of Gambling Activities, a measure that will severely restrict gambling sponsorship in domestic sport
World Sailing renews with Rolex, earmarks new sponsorship revenue to repay IOC loan
World Sailing, the world governing body of the sport, has extended its long-running sponsorship with the Swiss watchmaker Rolex and intends to bring in new sponsorship revenue of at least £1.5m (€1.67m/$1.94
RFU braced for £145m in lost revenues as ‘mid-case’ scenario
Bill Sweeney, chief executive of England’s Rugby Football Union (RFU), has forecast that the body will lose around £145m (€161m/$188m) in revenues in the short term as a “mid-case” scenario after the orga…
Presidential hopeful Kremlev vows to wipe Aiba debt, attract $50m in sponsorship
Russian Boxing Federation (RBF) secretary general Umar Kremlev has made the bold claim that Aiba can raise $50m (€42.3
Karlsruher SC ordered to pay damages to Sportfive in contract termination case
Karlsruher SC of German football’s 2.
Round-Up: China wants football to ‘build bridges’, Zee appoints former BCCI chief Johri, Formula E China race postponed, and more
China wants to use football to unite its nation and to build bridges with countries around the world, Chinese Football Association secretary general Liu Yi said in a rare interview with international media…