Finance & Law
Sponsors to the fore, media rights lagging in review of women’s football finances
The importance of sponsors to women’s football and with it the comparative absence of broadcast money has been laid bare for all to see in a new report analysing the finances of the game’s leading clu…
Strategy chief Harmuth exits as Sportradar ‘streamlines’ structure
Sportradar's chief strategy officer Ulrich Harmuth has become a high-profile exit from the sports data and betting services company, which cut 10-per-cent of its global workforce late last year
Telia ‘exploring sale’ of TV4 Media
Telia is said to be exploring a sale of TV4 Media in a deal expected to value the broadcast group at much less than the Swedish telco paid five years ago.
Libra, LFU in ‘common sense’ talks to pool media rights
Libra and Liga Forte União (LFU), the two collectives of Campeonato Brasileiro Série A and Série B teams seeking to drive plans for a new league system, are closing in on an agreement to jointly market th…
Sony-Zee $10bn merger off, legal threats issued on both sides
The planned $10bn (€9.2bn) mega-Indian media merger, two years in the making, between Sony Pictures Networks and Zee Entertainment was officially scrapped today (Monday).
CVC v Blackstone in bid to partner with Bundesliga in new media company
The battle to become the strategic partner of the German Football League (DFL) in a potential new media company is down to two private equity firms: CVC Capital Partners and Blackstone
Diamond Sports emerges out of bankruptcy, Amazon becomes investor
Diamond Sports has entered into a restructuring support agreement with its largest creditor groups to enable it to emerge from bankruptcy, with the deal including a commitment from Amazon to make a minority investment.
Mass job cuts planned at A-Leagues, KeepUp media unit set to shut
The Australian Professional Leagues (APL), the governing body of the A-League Men and Women competitions, is set to cut as much as 50 per cent of its workforce, with its KeepUp media arm among the casualties,…
Viaplay eyes double-digit profit margin in five years following rescue package
Viaplay Group aims to deliver double-digit operating profit margins within five years following the drastic cost reduction programme enacted over the last six months and exits from loss-making international…
Famed sports docuseries producers Box to Box raises £30m from Bruin
Global sports and entertainment investment company Bruin Capital has made a significant investment in Box to Box Films, the UK production company behind the array of popular Netflix sports docuseries
NFL ‘in advanced talks’ to take ESPN stake
Disney and the National Football League have held "advanced talks" over the latter taking an equity stake in ESPN, it has been claimed
CFO Wallace reunited with Francini at Iris
Iris Sport Media, the company set up by Ioris Francini and his former IMG colleagues Floris Weisz and Luca Baldanza, has recruited Graham Wallace as chief corporate and financial officer
Twitch’s Jacobs becomes DAZN’s first global CRO
DAZN has recruited Walker Jacobs from Twitch to the newly created position of global chief revenue officer and president of DAZN’s US operation.
Sporting CP open to minority investor after using future TV money to pay off banks
Sporting CP, the Portuguese football powerhouse, is on the lookout for a minority investor after successfully buying back Mandatory Convertible Securities (VMOC) from Novo Banco using future media rights…
Cuban talks up real estate revenues over media rights as Mavs sale signed off
Mark Cuban said the changing media landscape in the United States contributed to his decision to sell his majority stake in the National Basketball Association's Dallas Mavericks
Barcelona sues Libero over missed payments, nets €160m from TV payout
FC Barcelona is to sue German investor Libero Football Finance over missed payments for its stake in the LaLiga club's Barça Vision digital media business.
Viaplay ups monthly prices as part of ongoing rescue act
Viaplay Group has instigated price increases in two of its core markets as it bids to turn the tide after a turbulent 2023 dominated by huge financial losses, share sales and workforce cuts
ECJ rules against Fifa, Uefa but no ESL approval yet; A22 plots free OTT service
Fifa and Uefa acted unlawfully when they threatened to ban clubs and players joining breakaway competitions like the European Super League (ESL), the European Court of Justice (ECJ) has ruled