Finance & Law

The International Equestrian Federation (FEI) is to undertake a full examination of its income and expenditure in the first quarter of 2024 after conceding the economic situation in Europe remains fragile.

The global value of sports media rights has increased to just under $56bn (€51.1bn) despite another year of turbulence in which cornerstones of the industry came under threat.

The Swiss Federal Administrative Court (FAC) has upheld a ruling by the country’s competition watchdog against telco UPC Switzerland for anti-competitive practices regarding its domestic broadcast distribution o…

Matchroom chairman Eddie Hearn believes a deal to sell a minority stake in the company will “probably happen” despite a proposed deal with CVC Capital Partners falling through earlier this year.In

Evolution Media Capital, the merchant banking arm of CAA, has joined forces with strategic advisory firm M. Klein & Company to launch a new entity which they claim will significantly step up their presence in the sports and entertainment investment space.

A 34-per-cent jump in revenue in its core betting business helped Genius Sports report increased third-quarter revenue of $101.7m (€95.2m) but foreign currency headwinds contributed to an $11.6

Video production and live clipping company Tellyo is to be bought by Amagi, a cloud-based broadcast technology firm

The Confederation of African Football (CAF) has announced an end to its row with beIN Sports following the recent cancellation of a broadcast deal which prompted threats of legal action by the Qatar-based…

The purchase of 3.5 million new shares in Highlight Event and Entertainment (HLEE) has pushed the shareholding of Alexander Studhalter below 20 per cent, as Highlight seeks to minimise risks to the company posed by restrictions placed on the Swiss businessman by US authorities.

Warner Bros. Discovery has reported third-quarter net losses of $417m (€390m) after a decline in advertising revenue, a drop in streaming subscribers, and what president and chief executive David Zaslav called a “generational disruption” as the company’s stock tumbled by 19 per cent.

Disney is still searching for a strategic partner for ESPN and is fully set on taking the sports property entirely direct-to-consumer as it posted an operating income increase of 16 per cent to $987m (€922m) i…

Sports and entertainment conglomerate Endeavor has positioned OpenBet and its wider betting operations as key revenue drivers for the group in 2024, but insists IMG Arena will remain "number three" in…

A spate of local market National Basketball Association team media rights will hit the market next year after the league and Diamond Sports Group, the largest owner of regional sports networks (RSNs),…

Paramount Global's streaming service Paramount+ netted 2.7 million subscribers in the quarter to bring the total to 63 million as the direct-to-consumer service's revenue increased 38 per cent year-over-year

Liga Forte União (LFU), a group of 25 Brazilian football clubs, has announced the sale of 20 per cent of its broadcast rights for the next 50 years for R$2.6bn (€494m/$525m), in what represents one of the most significant developments in the sport's history in the country.