Finance & Law
UCI registers CHF21.3m surplus as Tokyo 2020 sees revenues surge
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 loses Ligue 1 rights appeal against LFP
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
FC Barcelona, Sixth Street finalize €267m LaLiga TV rights deal
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 hails end to international rights term restrictions
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…
Seven seeks permission from court to terminate Cricket Australia rights deal
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 appoints Octagon to market Madrid event
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 insists it has ‘no plans’ to sell Ten
Paramount Global has rejected reports that it is looking sell Australian free-to-air network Ten
PGA Tour, DP World Tour strengthen alliance to fend off LIV Golf threat
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’s €2.9m Series A funding to ‘speed up international development’
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.
Competition regulator extends investigation into DAZN-TIM Serie A deal
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 …
Sixth Street ‘set to add’ Barcelona deal to Real Madrid investment
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.
Swiss appeals court convicts ex-Fifa boss Valcke, Al-Khelaifi acquitted again
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…
Bruin Capital sells Deltatre to Bain Capital, Nextalia SGR
Long-awaited deal brings sizable return for global sports investment company
EXCLUSIVE: LaLiga terminates media rights deal with China’s Super Sports Media
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 invests in sports broadcast technology start-up Sponix
Aser Ventures, the investment vehicle headed by Andrea Radrizzani, has acquired a stake in Sponix, the Doha-based sports technology start-up
Blitzer secures minority stake in Cleveland Guardians
Manfred also discusses MLB's emerging plans in streaming
Triller seeking IPO after ending merger deal
AI-powered social video app Triller has announced plans to pursue the “largest creator IPO in history” after a proposed $5bn (€4.8bn)