Finance & Money
Lagardère Sports to be rebranded and Felsing returns in H.I.G. takeover
H.I.G. Europe, an arm of the international private equity and asset management firm, has signed a definitive agreement to acquire a majority stake in the Lagardère Sports agency.
Wanda snubs Ironman sale talks given PTO’s ‘lack of clarity and specifics’
Wanda Sports Group, the sports unit of Chinese conglomerate Dalian Wanda, has said that it will not entertain discussions with the Professional Triathletes Organisation over its takeover bid for the Ironman…
Kansas City Chiefs’ merchandise sales spike following Super Bowl LIV victory
The Kansas City Chiefs are already reaping the commercial rewards of their Super Bowl LIV victory against the San Francisco 49ers in Miami at the weekend
FAI ends SportPesa contract after rescue deal
The Football Association of Ireland has ended a sponsorship deal with Kenyan bookmaker SportPesa as part of a government-backed rescue agreement for the embattled governing body
Racing Point F1 to rebrand following Stroll’s Aston Martin investment
Racing Point F1 is set to rebrand as Aston Martin Racing for the 2021 season after British automotive marque Aston Martin received significant investment from Canadian billionaire Lawrence Stroll, owner…
Usmanov purchases naming rights option to new Everton stadium
A naming rights option to Everton’s proposed new stadium has been purchased by Russian billionaire Alisher Usmanov’s holding company USM.
Lagardère Sports valued at €110m in proposed H.I.G. Capital takeover
Lagardère, the France-based media conglomerate, has announced plans to sell 75 per cent of the Lagardère Sports agency to H.I.G. Capital, the Miami-based private equity and asset management firm.
Bruin Sports Capital acquires majority interest in Two Circles
Deal values Two Circles at $42m, extends deep tie between Bruin Sports Capital and WPP
Wanda: Financial effect of Rock ‘n’ Roll Marathon revamp to be felt in 2020
A new marketing strategy for the Rock ‘n’ Roll marathon and half-marathon running series in North America will take effect on the financial results presented by owner Wanda Sports Group in 2020.
Wanda Sports Q3 revenue up but €31.2m loss reported on higher costs
Wanda Sports Group, the owner of the Infront agency and Ironman business, among other interests in sport, has reported a third-quarter loss of €31.2
Lagardère lays out financial impact of CAF move to terminate contract
The immediate economic impact of the move by the Confederation of African Football to cancel its global media and sponsorship rights agreement with the Lagardère Sports agency was today outlined by Lagardère, a…
Study: 4.6-per-cent media-rights growth to drive North American sports market
Professional services group PwC has released its annual Sports Outlook report, which forecasts that the North American sports market will grow at a compound annual rate of 3.2 per cent, from $71.1bn (€64.2
Endeavor IPO expected to raise over $600m as share price named
Endeavor, the talent agency and sports and entertainment group that owns talent management company IMG, expects to issue 19.4 million shares at a price of between $30 (€27.0