Finance & Law

The International Cycling Union (UCI) has registered a net surplus of CHF21.3m ($22.2m/€21.3m) in its latest annual report after the postponed Tokyo 2020 Olympics helped uplift revenues to CHF61.4m.

Canal Plus has lost its appeal against the French Football League (LFP), which the pay-television broadcaster had accused of abusing a dominant position during the sales process for rights to Ligue 1
USA

LaLiga giants FC Barcelona has finalized a deal to sell 10 per cent of its LaLiga television rights for the next 25 years to United States-based investment firm Sixth Street Partners

Lega Serie A, the organising body of the top division of Italian club football, has welcomed the official introduction of changes to the Melandri Law, specifically concerning contracts it can enter into…

Australian free-to-air broadcaster Seven has begun legal action to terminate its media rights agreement with Cricket Australia due to alleged “multiple quality and standard breaches” of the contract by …

Premier Padel, the new global padel tour run by the International Padel Federation (FIP) and backed by players body the Professional Padel Association (PPA) and Qatar Sports Investments (QSI), has appointed…

Paramount Global has rejected reports that it is looking sell Australian free-to-air network Ten
USA

The PGA Tour and DP World Tour have strengthened their alliance with an expanded 13-year joint venture partnership through 2035, which is designed to fend off the growing challenge from the Saudi-backed…

Sportall, the French sports streaming platform, plans to expedite its international development after raising €2.9m ($3.1m) in a Series A funding round led by existing investors.

Italy’s antitrust regulator, the Autorità Garante della Concorrenza e del Mercato (AGCM), has said its investigation into Telecom Italia’s (TIM) agreement with OTT sports subscription service DAZN for …

US investment firm Sixth Street is poised to conclude a deal to acquire a 10 per cent share of FC Barcelona’s LaLiga broadcast rights revenue, according to multiple reports in Spain.

Former Fifa secretary general Jérôme Valcke has been found guilty by a Swiss appeals court of forging documents and corruption in a case relating to World Cup media rights, but beIN Media Group chairman a…
USA

Long-awaited deal brings sizable return for global sports investment company

Spanish football's LaLiga is terminating its digital media rights agreement in China with sports marketing company Super Sports Media due to missed rights fee payments, SportBusiness understands

Aser Ventures, the investment vehicle headed by Andrea Radrizzani, has acquired a stake in Sponix, the Doha-based sports technology start-up
USA

Manfred also discusses MLB's emerging plans in streaming
USA

AI-powered social video app Triller has announced plans to pursue the “largest creator IPO in history” after a proposed $5bn (€4.8bn)