Finance & Law

Multiple Sports
Global

UK-based streaming platform Recast is to enter administration after funding commitments from a major investor were not forthcoming
Multiple Sports
Global

DAZN Group is undertaking another swathe of redundancies primarily affecting staff in the UK and Amsterdam in the latest cuts to operating costs, SportBusiness understands
Multiple Sports
Nordics

Banks that have loaned money to Viaplay have appointed an external adviser to aid negotiations over the subscription streaming broadcaster’s debt burden, it is claimed.
Football
Asia

The Asian Football Confederation (AFC) has terminated its exclusive eight-year commercial rights contract with Football Marketing Asia and is poised to appoint a new special purpose vehicle likely to comprise…
Multiple Sports
Global

Data, technology and broadcast services group Genius Sports has today (Thursday) announced the commencement of a public offering of 20 million ordinary shares by an affiliate of investment funds advised by Apax Partners, which acquired a majority stake in the company in 2018, at a price of $5.35 (€5.02) a share.
Multiple Sports
Nordics

Viaplay Group continues to dispose of more equity after Norwegian media group Schibsted secured a 10.1-per-cent shareholding in the financially troubled broadcaster. Viaplay has already sold a 6
Multiple Sports
Sweden

Viaplay’s share price dropped a further 27.5 per cent last week, its biggest decline since early June when chief executive Anders Jensen resigned amid a worsening financial situation at the subscription streaming and linear broadcaster.
Multiple Sports
Nordics

Commercial Sports Media (CSM) is looking to leverage the fast growth of sports technology companies across the Nordic region with the creation of an investment arm to service the sector
Football
Europe

Uefa and the European Club Association have renewed their pact until 2030, a move that looks set to maintain the existing commercial sales structure for another rights cycle at least
Football
Africa

BeIN Media Group is readying legal action against the Confederation of African Football (CAF) over the continental governing body’s decision to unilaterally cancel its broadcast deal with the Qatari m…
Football
Italy

The renewed clampdown against piracy in Italian football has commenced, with l'Autorità per le Garanzie nelle Comunicazioni (AGCOM), the country's regulator and competition authority for the communications …
Football
USA

Hernan Lopez, the former chief executive at Fox International Channels, and the Full Play agency have had their convictions for attempting to bribe football officials in exchange for lucrative broadcasting…
Mixed Martial Arts
Saudi Arabia

News this week of Saudi Arabian state investment in the Professional Fighters League (PFL) has caused shares in both World Wrestling Entertainment (WWE) and Ultimate Fighting Group (UFC) parent Endeavor…
Mixed Martial Arts
Saudi Arabia

SRJ Sports Investments, the new vehicle created by Saudi Arabia’s Public Investment Fund (PIF), has made its first move, a $100m (€92m) investment into US-based mixed martial arts promotion the Professional Fig…
Multiple Sports
United Kingdom

Televideo, the UK-based production and outside broadcasting company, has appointed administrators.Sheffield-based accountancy firm Hart Shaw is handling the administration process, SportBusiness understands
Multiple Sports
Australia

The Fifa Women’s World Cup and Paralympic Games are among the properties set to be added to Australia’s list of protected sports events but the country’s government has stopped short of making wholesale chang…
Multiple Sports
Global

Chinese conglomerate Wanda Group has appointed Deutsche Bank as advisers on a potential sale of the Infront sports marketing agency
Basketball
Philippines

The commercial success of the upcoming Fiba Basketball World Cup in south-east Asia will ensure the sport’s governing body breaks even for the four-year cycle despite the devastating impact of the global p…