Finance & Law
Highlight open to sale of Sport1 Medien
Highlight Communications is considering a sale of German media group Sport1 Medien or some of its constituent parts as it seeks to raise investment
Sport1 stalwart Schröder leaves in major ‘reshuffle’
Olaf Schröder, chief executive of Sport1 Medien, is leaving the Highlight Communications-owned German media group with immediate effect amid a restructuring of operations.
FIH eyes more free-to-air deals as profits grow
The International Hockey Federation (FIH) wants to prioritise media rights deals with more free-to-air broadcasters in a bid to grow exposure for the sport, after the governing body recorded a second consecutive…
PGA Tour, DP World Tour and PIF agree bombshell commercial merger
The PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund (PIF) are to merge commercial operations under common ownership in a shock tripartite agreement that ends all pending litigation r…
FFT gains new court order against illegal French Open streaming
The French Tennis Federation (FFT) has reinforced anti-piracy measures for the ongoing French Open by securing a new court order against illegal streaming of the grand slam
Rival investment funds make financial incentives to Brazilian clubs
The two collectives of Campeonato Brasileiro Série A and B teams seeking to drive plans for a new Brazilian football league system have this week made new financial offers in a bid to entice rival clubs …
MLB to produce and distribute Padres games as Diamond opts to miss payment
Major League Baseball is taking over production and distribution of San Diego Padres games with immediate effect after Diamond Sports Group, the owner and operator of 19 Bally Sports regional sports networks…
Five jailed for streaming Premier League matches in £7m scheme
Five individuals behind three pirate streaming organisations offering illegal coverage of Premier League football matches have been jailed for a total of 30 years and seven months
Lega Serie A returns to Lazard to aid investor search
Lega Serie A, organising body of the top division of Italian club football, has reappointed financial services group Lazard to act in an advisory capacity as it seeks out an investor in its media business
DFL to halt private equity talks after club vote
The German Football League (DFL) will halt talks with private equity firms after less than two thirds of Bundesliga and 2. Bundesliga clubs voted in favour of continuing discussions
DAZN cracks down on pirated streams in Videocites tie-up
DAZN has teamed up with AI-based video tracking and analytics company Videocites in a move to step up its battle against intellectual property theft and illegal social media streams of its live sports…
Chilean league ‘eyes investors for commercial vehicle’
Chile's Asociación Nacional de Fútbol Profesional (ANFP) is the latest professional football league to be seeking outside investment for a stake in its media rights, it has been reported.
US financier Walter makes multi-million investment in PSA’s commercial arm
Mark Walter, the American billionaire with ownership stakes in major international sports teams, has made a multi-million dollar investment in a squash commercial vehicle to accelerate the transformation of the PSA World Tour.
Disney cable revenue falls as ESPN+ subscribers pass 25m
Walt Disney Company has posted a 7-per-cent reduction in linear networks revenue for the most recent quarter due to falls across both domestic and international channels, as ESPN’s streaming service, E…
Sport does not know the origin of its private equity money, SportBusiness report suggests
Sports rights-holders often have little to no idea about the origin of the money they are accepting from private equity funds, a new 90-page SportBusiness report has found.
Sportradar records ‘solid’ start to 2023 as Q1 revenue hits €207.6m
Sports data and betting services company Sportradar has reported revenue of €207.6m ($228.1m) for the first quarter of 2023, a 24-per-cent increase on the same period in 2022.
Endeavor posts record revenue from owned sports unit, to pay first quarterly dividend
Endeavor, owner of the IMG and WME agencies, is to pay a quarterly dividend for the first time, beginning later this year, following a strong start to 2023 for the sports and entertainment giant
Uefa eyes 33-per-cent uplift in club competition revenue from 2024
Giorgio Marchetti, deputy general secretary at Uefa, has revealed that the governing body’s club competition revenue is projected to rise to between €4.6bn ($5bn) and €4.8bn p