‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Sports teams can make better use of Apprenticeship Levy, ex-Quins CEO says October 9, 2024 A former Premiership Rugby chief executive has called on the government to cut red tape and back sports clubs to use the existing Apprenticeship Levy to fuel upskilling opportunities for athletes and local communities. David Ellis, who served as CEO of Harlequins for eight years until 2019, insists the compulsory tax could be better used [...]
Manchester City say Premier League rule is now void. Lawyers disagree October 8, 2024 Lawyers have shot down claims by Manchester City that the Premier League’s associated party transaction (APT) rules should be considered “void” following the club’s partially successful legal challenge. In a letter to the other 19 top-flight clubs, Manchester City general counsel Simon Cliff said APT rules – designed to prevent clubs benefiting from artificially inflated [...]
IPL founder: I wanted Mick Jagger to save English cricket from The Hundred October 8, 2024 Indian Premier League founder Lalit Modi has revealed that he earmarked Mick Jagger as a team owner in a new English cricket competition to replace The Hundred and T20 Blast. Modi says he offered the England and Wales Cricket Board £2.3bn over 20 years to buy the summer window in which The Hundred operates – [...]
US group in talks to buy Sheffield United from Saudi prince October 8, 2024 Sheffield United are in takeover talks with an American consortium led by private equity boss Steven H Rosen. Rosen is the co-founder of Resilience Capital Partners, which mostly backs manufacturing and aerospace companies and has raised or advised on more than £500m of investments. He is leading negotiations on behalf of a US consortium with [...]
Mayor Khan bound to need to step in against NIMBYs over Twickenham plans October 8, 2024 London won against the capital’s NIMBYs when the GLA approved plans for Wimbledon’s expansion. And they’ll probably need to do the same when councils inevitably block the Rugby Football Union’s bid to host more events at Twickenham’s Allianz Stadium. “London is the sporting capital of the world and this decision will not only ensure Wimbledon [...]
Manchester City defeat Premier League over financial rules October 7, 2024 The Premier League has suffered another blow to its regulatory powers after Manchester City partially won a challenge to rules on associated party transactions (APT). An independent arbitration panel agreed with the current champions that some elements of the APT rules did not comply with competition and public law requirements, and that clubs should be [...]
Lions’ share: Rugby stars to receive cut of profits for first time October 7, 2024 British and Irish Lions players will receive a share of the profits for the first time from the rugby team’s tour to Australia next year. The move is part of a new partnership model between Lions bosses and players, which will also include collaboration on the schedule before and during the summer 2025 tour. “This [...]
EFL calls for businesses as it kicks off innovation programme October 7, 2024 The English Football League (EFL) is calling for businesses to join its first innovation programme and develop their products by working with its 72 professional clubs. The EFL Innovation Lab is a partnership with corporate innovation specialist L Marks aimed at “suppliers, start-ups and scale-ups” and targeted at four key areas of business. They are [...]
Fifa embarrassed, more player power, forced transfers: Legal verdicts on the Diarra ruling October 7, 2024 Like the Bosman ruling to which it has been compared, the shockwaves from Lassana Diarra’s victory over Fifa’s current transfer rules at the European Court of Justice may take months, perhaps even years, to be felt in full. But legal experts are in agreement that Friday’s ECJ verdict in Brussels marks a watershed moment in [...]
Chelsea investor in talks for landmark stake in Miami Dolphins October 3, 2024 Chelsea investor Ares Capital is in talks with the owner of the Miami Dolphins to become the first private equity firm to buy a stake in an NFL franchise. The New York-headquartered asset manager is negotiating the purchase of a 10 per cent stake in the Dolphins’ parent company, according to multiple reports. The deal [...]