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Sport Business

  • Formula 1 agrees to retain oldest track after upgrades pledge

    November 27, 2024

    Formula 1 chiefs have ended doubts over the future of the oldest track on its race calendar by agreeing a new deal with Monza to stage the Italian Grand Prix. The extension to the current contract between the two parties is for six more years, taking it up to 2031, and comes after Monza bosses [...]

  • Manchester City ‘115 charges’ case could drag on beyond end of season

    November 27, 2024

    Manchester City’s hearing into more than 100 charges brought by the Premier League is taking longer than expected, raising fears that the season could finish with a cloud still hanging over the champions. The hearing at the International Dispute Resolution Centre off Paternoster Square in the City of London was tipped to run for 10 [...]

  • Crystal Palace owner raises $40m ahead of planned IPO

    November 27, 2024

    Portuguese investment fund UCEA Capital Partners has made the initial investment as part of a $100m financing round ahead of a planned $2bn float early next year.

  • Saracens chief departs club after just 10 months in charge

    November 27, 2024

    Previous chief executive Lucy Wray stepped down after four years in the role in a surprise move halfway through last season.

  • Ahead of the Game: Leicester City decide to stick with embattled sponsor

    November 27, 2024

    Leicester City will not exercise their right to seek a new shirt sponsor after their existing partner BC.Game was declared bankrupt last week.  The crypto gaming firm’s two parent companies, Blockdance BV and Small House BV, were hit with the bankruptcy order by a court on the Caribbean island of Curacao following a legal dispute [...]

  • What does the Formula 1 expansion mean? Racing is in the fast lane

    November 27, 2024

    So after months of wondering whether Formula 1 would ever have more than 10 teams on the grid again, we have finally got our answer. Late on Monday it was announced that F1 had entered into an agreement in principle with General Motors division Cadillac for an entry into the top level of global motorsport [...]

  • Champions League absence and shorter US tour clobber Man Utd revenue

    November 26, 2024

    Manchester United suffered a £14m drop in revenue for the first quarter of their current financial year after missing out on qualification for the Champions League. Broadcast income for July to September fell by £8m, or 20 per cent, from the same period last year due to Manchester United this season playing in the less [...]

  • Sir Michael Moritz on triathlon, dangerous investments and Fergie

    November 26, 2024

    Sir Michael Moritz’s sixth sense for investing made him a multi-billionaire, so when he gives a rare interview and talks up the trajectory of one of his latest ventures, the T100 Triathlon World Tour, it seems smart to listen. The Welshman, 70, was among the first to believe in the potential of the tour and [...]

  • F1 agrees deal for General Motors and Cadillac grid entry in 2026

    November 25, 2024

    The Formula 1 grid is set to feature 11 teams for the first time since 2016 after the organisation reached an “agreement in principle” for General Motors to enter when regulations change ahead of the 2026 season. An impasse between the top level of motor racing and the inclusion of an 11th team was solved [...]

  • RFU boss Bill Sweeney paid £1.1m despite heavy losses

    November 25, 2024

    England Rugby chief executive Bill Sweeney was paid £1.1m in the last financial year despite the game struggling to stay on its feet. It comes as the governing body for rugby in England announced record losses nearing £40m and confirmed there would be redundancies within the organisation. The Rugby Football Union insists that their year, [...]

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