LVMH’s Arnault joins Nike board as sportswear giant set to lose S&P 100 spot September 17, 2026 The son of LVMH billionaire Bernard Arnault has been appointed to Nike’s board of directors a week after it was announced the sportswear giant will lose its S&P 100 spot. Alexandre Arnault, currently deputy chief executive of LVMH’s wines and spirits division, will hope to help the US apparel firm stem a trend of share [...]
Who owns Chelsea after £950m Boehly and Walter stake sales? September 17, 2026 Todd Boehly and Mark Walter have sold their combined 25 per cent stake in Chelsea in a deal that values the Premier League club at £5bn. The agreement, announced last night, will see the former chairman of Chelsea Boehly – who was the face of the consortium that purchased the club from Roman Abramovich in [...]
Ultimate Championships delivered but can China at the 2027 Worlds? September 17, 2026 China didn’t feature much at the Ultimate Championships and Ed Warner questions whether they can at a home World Championships in 2027. “I might get told off. I just did a race, so I’m allowed to drink what I would like. Thank you so much,” said Lando Norris as he reached for a Coke after [...]
Exclusive: Battersea Power Station rules out building NBA Europe stadium September 17, 2026 Battersea Power Station chiefs have categorically ruled out suggestions that London’s NBA Europe team could build its home basketball arena on the site. The capital remains at the centre of a bidding war for an NBA franchise, with interested parties reported to include former Tottenham Hotspur chief Daniel Levy, current Spurs majority shareholders the Lewis [...]
Parachute payments boost promotion chances by 4x and should be scrapped, study finds September 16, 2026 Parachute payments make clubs four times more likely to achieve promotion to the Premier League and should be scrapped, according to a new study. The Leonard Curtis Football Finance Report 2026 found that over a 10-year period Championship clubs who received parachute payments had a 30 per cent chance of promotion, compared to just seven [...]
EuroLeague CEO ‘open’ to NBA investment talks but yet to receive an offer September 16, 2026 EuroLeague Basketball chiefs are expecting a takeover approach from the NBA that would see the two organisations collaborate on a new European basketball league. CEO Chus Bueno said no offer had yet been put to the EuroLeague but NBA commissioner Adam Silver this week said that joining forces with the incumbent was now their preference. [...]
Spurs owners take 12-month investment to £300m with fresh £120m injection September 16, 2026 Tottenham Hotspur’s majority owners will take their investment into the club to beyond £300m in the last year after agreeing to an additional £120m injection. The family of billionaire Joe Lewis – which owns 70 per cent of the controlling ENIC Sports Inc company – have pumped £120m into the north London club, who currently [...]
Manchester United’s new stadium could be delayed until 2035 as timeline slips September 16, 2026 Manchester United’s new stadium may not open until 2035, according to official planning documentation. The timeline for the £2bn-plus project has repeatedly slipped ever since minority owner Sir Jim Ratcliffe announced in March 2025 that United would build a new stadium rather than renovate Old Trafford. At the time, the billionaire said it could be [...]
Dazn getting ‘IPO ready’, says CEO Segev, after swing into black and key hires September 15, 2026 Dazn chief executive Shay Segev has confirmed the global sports streaming platform is preparing for an IPO after achieving EBITDA profitability in 2025. Segev said the company had not decided on a timeframe for a float, nor whether the London-headquartered company would be listed on the FTSE or overseas. But he confirmed that the advent [...]
Nike nearing deal to enter Formula 1 and rival Puma and Adidas September 15, 2026 Nike is believed to be nearing a deal which will see the sportswear giant enter Formula 1 after more than two decades off the grid. The American apparel firm has held talks with the premier motor sport series about becoming the kit provider for all Formula 1 employees. GP Blog reports that the deal is [...]