Governance
Mass exodus leaves Pac-12 with four teams in college sports shake-up
The Pac-12, one of the Power Five conferences, has been left with just four teams after a series of re-alignments in college sports
ITF secures Billie Jean King Cup investment from Walter’s TWG Global
TWG Global, the investment vehicle of US billionaire Mark Walter, has acquired a minority stake in a joint venture set up with the International Tennis Federation to commercialise the Billie Jean King…
World Aquatics details financial strain of ISL legal battle
World Aquatics has spent over $10m (€9m) in legal fees in its bid to maintain control of the sport over the past three years, according to financial statements released today (Monday).
FIS and Infront strike peace deal over media rights centralisation
The International Ski and Snowboard Federation (FIS) and Infront have hammered out the details of a centralised media rights ‘framework agreement’ that brings to an end a long-running feud over the own…
ITF hails ‘robust finances’ but 2022 accounts aided by one-off payments
David Haggerty, president of the International Tennis Federation, has hailed the "robust" finances and "strong commercial" future of the governing body, two months ahead of an election where he faces a serious challenge.
Carney review: Women’s football can be billion-pound industry
A major review of women's football in England has recommended a series of changes to the governance of the game with its author, the former international Karen Carney, claiming that the sport could become…
EXCLUSIVE: Premier League makes shock FA Cup international rights approach
The Premier League has approached England's Football Association with a framework that would see the league sell the FA's international media rights alongside its own in a long-term partnership beginning with the 2024-25 season, SportBusiness understands.
Thai League 1 breakaway hopes dented as FA president vows to quit
Thai League 1 clubs' hopes of breaking away from the Football Association of Thailand (FAT) to create their own commercial entity have been dealt a blow after the governing body's president, who was supportive…
Thai FA president won’t stand in way of League 1 commercial breakaway
Somyot Poompunmuang, president of the Football Association of Thailand (FAT), has said he is open, in principle, to the idea of Thai League 1 clubs breaking away from the national governing body to establish…
Canada Soccer mulls bankruptcy protection, CSB rights deal under renegotiation
Canada Soccer, the country's governing soccer body, is facing financial difficulties that may result in filing for bankruptcy protection
Clubs take control of Euroleague as Glickman concedes the fight
With Jordi Bertomeu long gone and an interim solution found to be unsuitable, Euroleague Basketball’s entire commercial roadmap for the next decade and beyond hangs in the balance.
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…
IBA seeks to boost streaming capabilities with OTTera
The International Boxing Association (IBA) has agreed a deal with US OTT services provider OTTera, which it claims will support its new initiatives and preparations for future major events
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.
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.
Bundesliga shows recovery signs but revenues down €326m on pre-Covid levels
The total revenue of German professional football has increased for the first time since the outbreak of Covid-19, with the second-tier Bundesliga 2 setting a new benchmark for the 2021-22 season, but…