Finance & Law
Recast to enter administration after investment shortfall
UK-based streaming platform Recast is to enter administration after funding commitments from a major investor were not forthcoming
EXCLUSIVE: DAZN makes over 100 redundancies in further cuts to operating costs
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
Viaplay’s lenders appoint adviser to aid debt negotiations
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.
EXCLUSIVE: AFC has deal in place with special purpose vehicle following FMA termination
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…
Genius commences secondary offering of 20m shares
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.
Viaplay sells off more equity in deal with Norwegian media group
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
Viaplay share price continues to plummet despite corrective measures
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.
Commercial Sports Media launches sports tech investment arm
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
Uefa and ECA renew terms to 2030, commercial rights changes unlikely
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
CAF facing another court battle as it rips up lucrative beIN contract
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…
Serie A pirate sites targeted as regulator uses new fast blocking powers
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 …
Lopez, Full Play have convictions thrown out in football bribery case
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…
Competitive threat of Saudi-backed PFL hits WWE, Endeavor share prices
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…
PFL targets UFC parity in five years after $100m Saudi investment
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…
OB facilities firm Televideo enters administration
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
Australia set to tighten listed events laws but bulk rights untouched
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…
Wanda initiates Infront sale process with Deutsche Bank hire
Chinese conglomerate Wanda Group has appointed Deutsche Bank as advisers on a potential sale of the Infront sports marketing agency
Fiba readies ‘most successful’ commercial World Cup as it completes road to recovery
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…