Finance & Law
PCB claims PSL arbitration win, Blitz denies legal closure
The Pakistan Cricket Board has claimed victory in its arbitration proceedings against the Blitz agency and Techfront, an affiliate of Global Sports Commerce, over rights fee payments related to the Pakistan…
Segev named as DAZN’s sole CEO, Waterman recruited as CFO
DAZN Group, the global sports subscription service and media company, is returning to a structure of a sole chief executive, scrapping the current splitting of the position between Shay Segev, former head…
Court sides with LaLiga in legal battle with Real Madrid
LaLiga, the governing body of the top two divisions of Spanish football, has announced today (Friday) that the Central Court of Administrative Litigation has “completely dismissed” an appeal filed by …
TPG Capital valued at more than $10bn following market debut
Private equity company TPG Capital, which owns the Creative Arts Agency, has been valued at more than $10bn (€8.7bn) after its first day of public trading yesterday (Thursday).
RFEF ordered to pay Mediapro compensation over Copa del Rey rights
The Spanish Football Federation (RFEF) has been ordered to pay compensation to Mediapro after a court ruled that it unlawfully excluded the agency from the process of awarding the domestic and international…
MLW sues WWE for ‘predatory and exclusionary conduct’
World Wrestling Entertainment has reportedly been sued by Major League Wrestling (MLW) based on allegations that it attempted to interfere in its business dealings and pressured third parties to call off…
Playmaker expands Latin American footprint with Cracks acquisition
Digital sports media company Playmaker has announced the acquisition of Mexico-based video sports platform Cracks
Premier League awarded $213m in collapsed PPTV deal court ruling
The English Premier League has today (Tuesday) been awarded just under $213m (€187.5m) – plus interest and costs – by the High Court of Justice in London as a result of its collapsed media rights deal with PPTV in China.
KKR ‘seeks PIF backing’ for Telecom Italia bid
US-based private equity firm KKR has approached Saudi Arabia’s Public Investment Fund to support its proposed takeover of Telecom Italia (TIM), the dominant telecoms operator in Italy, it has been reported.
Arena Television racked up ‘nearly £300m’ in loans before collapse – administrators
Arena Television, a UK-based outside broadcast company which ceased trading in November, borrowed almost £300m (€359m/$406m) from 55 lenders for fake assets, according to administrators for the group.
French senators seek limits to LFP’s commercial subsidiary plan
French senators have proposed that investors in the new commercial subsidiary being drawn up by the Professional Football League (LFP) should be limited to a 10-per-cent stake, with a representative of…
United Group founder Šolak lead investor in Sport Republic’s Southampton takeover
Serbian media magnate Dragan Šolak, the founder of the United Group, has agreed a deal to acquire a controlling stake in Premier League side Southampton, with reports valuing the deal at between £100m (…
Boost for Discovery as Polish president vetoes controversial media law
Polish president Andrzej Duda has vetoed a media ownership law that was threatening Discovery’s presence in the country, weeks after the legislation was approved by the parliament.
Discovery receives European Commission backing for WarnerMedia merger
Media group Discovery has announced that the European Commission has granted unconditional antitrust clearance to the company’s proposed acquisition of telecoms giant AT&T’s WarnerMedia business.
Sony India to complete landmark merger with Zee
Sony Pictures Networks India and Zee Entertainment Enterprises have signed definitive agreements to merge Zee "with and into" Sony, following three months of mutual due diligence
TIM issues profit warning, citing performance of DAZN Serie A pact
Italian telecoms company TIM has partly blamed the performance of its Serie A football pact with subscription broadcaster DAZN as it issued its third profit warning this year
LFP: Around ten offers from prospective investors in commercial subsidiary
France’s Professional Football League (LFP) has said that it has received “around ten” indicative offers from prospective investors in its new commercial subsidiary.
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Altice ups BT interest as government ‘monitors situation’
The UK government has said it is “monitoring the situation carefully” after Altice UK, owned by French billionaire Patrick Drahi, further increased its stake in telco BT.