Finance & Law
DFB names media rights expert Blask as CEO; finances still hurt by historic tax issues
The German Football Association (DFB) has promoted its senior marketing and sales executive Holger Blask to the role of chief executive
Bundesliga clubs narrowly vote to enter private investor talks
The German Football League (DFL) has been given the green light to re-enter talks with potential investors, after the smallest possible majority of Bundesliga and 2
Sports industry speaks out against EU geo-blocking ban
Uefa, LaLiga and the Premier League are among a flood of rights-holders and broadcasters opposing plans to end the geo-blocking of live sports content in Europe
UK Athletics lays bare commercial struggles with £3.7m loss
The continued absence of a title sponsor and long-term broadcast partner has thrown a spotlight on the financial plight of UK Athletics (UKA), which was spared from bankruptcy by Nike frontloading a significant…
Viaplay bids to stave off insolvency with SEK4bn equity raise, debt renegotiation
Viaplay Group has laid out plans for a “recapitalisation programme” that includes a SEK4bn (€350m/$382m) new equity raise and SEK14.6bn debt renegotiation package as part of measures designed to stave off insolvency and subsequent bankruptcy.
Premier Sports returns after buying back embattled Viaplay’s UK business
Premier Sports, the pay-television broadcaster, is to return to UK homes early next year after announcing it has reached an agreement to buy back the business that it sold to Nordic media giant Viaplay…
EXCLUSIVE: Formula E set to sue ProSiebenSat.1 over extension U-turn
Formula E has commenced legal proceedings against ProSiebenSat.1 following the German commercial broadcasting group's decision to walk away from the series, SportBusiness can reveal.
Real Madrid loses court case over new LaLiga broadcasting initiatives
Real Madrid has lost yet another legal battle against LaLiga and its president Javier Tebas over the distribution of revenues from the sale of the league's media rights
FEI posts CHF2.5m loss for 2022, predicts tougher times ahead
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.
Global value of sports media rights nears $56bn
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.
Swiss court rules UPC abused position as domestic ice hockey rights-holder
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…
Hearn: Matchroom equity sale still likely
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
CAA Evolution forms new player in sports investment marketplace
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.
Betting business drives Genius’ Q3 revenue jump but net loss hits $11.6m
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 clipping firm Tellyo finds new buyer
Video production and live clipping company Tellyo is to be bought by Amagi, a cloud-based broadcast technology firm
CAF ‘recommits’ to beIN agreement following negotiations
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…
Highlight capital raise pushes Studhalter shareholding below 20-per-cent threshold
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.
Zaslav warns of ‘generational disruption’ as WBD reports $417m net loss
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.