Making it Raine: US bank to earn £10m from Hundred franchise sales February 5, 2025 The Raine Group is on course to bank around £10m in commission from its role in the sale of the eight Hundred franchises. City AM has learned that the New-York based bank will earn fees worth two per cent of the price paid for 49 per cent stakes in the franchises sold by the England [...]
Rocket Padel banks on ‘tenfold’ growth ahead of London expansion February 5, 2025 Britain’s booming number of padel players can grow tenfold because the country has the “perfect ingredients”, says the founder of Rocket Padel as the operator prepares to open a new club in Beckton, east London. The new site, due to open in April, will be the Scandinavian brand’s seventh club worldwide and its fourth in [...]
PDC Darts World Championship to stay on Sky Sports February 4, 2025 The PDC Darts World Championship will remain on Sky Sports for the next five years after the competition organiser and broadcaster agreed a new deal. It comes at a time when the popularity of darts is on the rise following a sensational 18-month rise for Brit Luke Littler, who reached successive PDC Darts World Championship [...]
Three Hundred franchises up for grabs with bidding set to resume February 4, 2025 The sale of the final three Hundred franchises could resume on Wednesday after being paused by England cricket chiefs to allow for previously unsuccessful bidders to reassess their options. Northern Superchargers, Trent Rockets and Southern Brave are still up for grabs following a £340m investment in the other five franchises which valued them at almost [...]
Boost for UK industry as another F1 team heads to ‘motorsport valley’ February 4, 2025 Sauber will become the next Formula 1 team to open a base in the UK’s “motorsport valley” as Audi prepares to enter the sport in 2026. The Swiss-based team has struggled to recruit top engineering talent from other teams due to its base on the continent. They’ll join the likes of Mercedes, Red Bull and [...]
Man City splurge drives third biggest Premier League January spend February 4, 2025 Manchester City’s record £180m outlay saw Premier League clubs rack up their third biggest January transfer window spend ever. English top-flight clubs spent a total of £370m during the winter transfer window, which closed on Monday night after a flurry of late activity. The biggest deal saw struggling champions Manchester City make Spanish midfielder Nico [...]
Exclusive: Saudi Arabia readies Olympic Games bid but may hold until 2040 February 4, 2025 Saudi Arabia is readying a bid to host the Olympic Games but is prepared to wait until 2040 to maximise its chances, a leading official has told City AM. Group CEO of Diriyah Company Jerry Inzerillo said it was a “matter of time before Saudi will announce an intention for an Olympic bid”, adding that [...]
Lucknow Super Giants owner wins £100m race for Manchester Originals February 3, 2025 RPSG Group, the owner of Indian Premier League team Lucknow Super Giants, has won the race to buy into Manchester Originals in a deal valuing the Hundred franchise at £100m. The conglomerate, chaired by Sanjiv Goenka, has agreed to pay around £50m for the England and Wales Cricket Board’s 49 per cent stake in the [...]
Banker Rowland launches Britain’s most lucrative padel tournament February 3, 2025 Redwood Bank founder Jonathan Rowland’s R3 Sport is launching Britain’s most lucrative padel tournament in association with Bullpadel, one of the game’s leading brands. The R3 Bullpadel Cup will consist of up to six events taking place across the country from April this year and culminating in the Cup Finals in December. It is understood [...]
Trump, the Super Bowl, wokery and sport’s shift to the right February 2, 2025 It might be the same man sitting in The Oval Office, but a lot’s changed since Donald J Trump first presided over a Super Bowl eight years ago. In 2017 America was perilously divided, with a newly-elected Trump in the White House and protest marches taking place on the streets outside it. This tension was [...]