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Sport Business

  • Stormzy and Wilfried Zaha team up to buy hometown football club Croydon Athletic

    June 27, 2023

    Rapper Stormzy and Crystal Palace star Wilfried Zaha have agreed to buy their hometown football club, AFC Croydon Athletic. Stormzy and Zaha are part of a three-man consortium, which also includes former Palace kit man Danny Young, that has exchanged contracts for a takeover with the current ownership. No financial details have been disclosed and [...]

  • Racism, elitism and sexism ‘entrenched’ in English cricket, damning report finds

    June 27, 2023

    Racism is entrenched in English cricket and other forms of discrimination are widespread and deep-rooted, according to a damning report by the Independent Commission for Equity in Cricket (ICEC) published today. Half of more than 4,000 respondents said they experienced discrimination, with women “marginalised and routinely experiencing sexism and misogyny”, and “little to no focus [...]

  • Explained: What changes to transfer and loan rules mean for Premier League clubs

    June 26, 2023

    Big clubs such as Chelsea and Manchester City are unlikely to return to hoarding top talent and farming them out on loan despite the relaxation of post-Brexit transfer red tape. Chelsea turned recruiting promising players, loaning them out and ultimately selling for a profit into a fine art in the later years of Roman Abramovich’s [...]

  • Ryan Reynolds joins Wrexham co-owner and RedBird in buying stake in F1 team Alpine

    June 26, 2023

    Hollywood star Ryan Reynolds and RedBird Capital Partners, which has a stake in Liverpool’s owners, have invested in Formula 1 team Alpine. Otro Capital, Reynolds’ Wrexham AFC co-owner Rob McElhenney and their fellow actor Michael B Jordan, who owns a stake in AFC Bournemouth have also invested. The €200m (£171m) cash injection is for 24 [...]

  • Inside the PTO Tour: Triathletes plotting their own path, backed by a billionaire

    June 26, 2023

    Ibiza usually moves to the beat of its clubbing crowd but for one weekend last month it was a different Lycra-clad set working up a sweat: top triathletes, including Alistair Brownlee, Lucy Charles-Barclay and Kristian Blummenfelt. In the shadow of world-famous nightclubs like Pacha, some of the sport’s biggest names took on a 100km swim-bike-run [...]

  • Boost for the Hundred as England cricket chiefs close in on new headline sponsor

    June 25, 2023

    The Hundred is set for a major boost, with the England and Wales Cricket Board understood to be close to announcing a new headline sponsor for the competition. A multi-year deal with a brand that has not previously been involved in cricket is being finalised and there is optimism that it will be signed this [...]

  • Arteta: Arsenal must strengthen to challenge Manchester City next year

    June 25, 2023

    Arsenal manager Mikel Arteta has said his side will need to strengthen if they’re to challenge Manchester City for the Premier League next season. Arsenal topped the table for much of the season but dropped points towards the business end, and combined with a 4-1 defeat to Manchester City in April. were pipped to the [...]

  • Euro 2024 mascot: London-based creator on how it was done

    June 24, 2023

    City A.M. sat down with Darran Garnham, founder and chief executive of Toikido and creator of the Euro 2024 mascot. So, what makes a good mascot and what does Uefa tell you is off limits? Let’s find out. How did the Euro 2024 mascot come about? “There was an element of luck to it. The [...]

  • Chelsea owners caught in backlash over investment in French club Strasbourg

    June 22, 2023

    Chelsea and co-owner Todd Boehly are facing a backlash from Strasbourg supporters as they close in on a deal to buy a large minority stake in the French football club. Confirmation is said to be imminent that the Blues have acquired a shareholding of around 40 per cent in the team from Alsace.  Strasbourg would [...]

  • Saudi Arabia PIF to sell its shareholding in McLaren to Bahrain fund

    June 22, 2023

    Saudi Arabia’s Public Investment Fund is to sell its shareholding in the McLaren Group to Bahrain’s Mumtalakat fund, according to Sky News. The deal will strengthen Mumtalakat’s position as the biggest shareholder in the supercar maker and Formula One team owner, Mark Kleinman reported. PIF, which has emerged as one of the biggest players in [...]

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