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Sport Business

  • Newcastle United want to be Saudi Arabia’s Premier League team, says club chief

    October 18, 2023

    Club chiefs look east in bid to grow fanbase and bridge the revenue gap with Premier League rivals.

  • Formula 1’s United States gamble cannot run out of steam before Austin

    October 17, 2023

    Formula 1’s adventures westward have been a stroke of genius; the United States is a hotbed of diesel, horsepower and petrol heads and it has long been in need of the world’s premier motorsport discipline. But as the travelling circus that is the Formula 1 paddock heads over the pond to Austin for the second [...]

  • Chelsea stadium boost: Club can revive talks over 60,000-seat upgrade

    October 17, 2023

    Chelsea have not confirmed whether they will redevelop Stamford Bridge or build a new stadium elsewhere.

  • Premiership Rugby salary spend hit £100m season before three clubs went bust

    October 17, 2023

    Premiership rugby club salary spending rose to £100m in the season before three clubs folded, the league’s latest report into wages shows. The amount spent on senior salaries saw an increase from £94m in 2020-21 to £100m in 2021-22 in the latest figures released today by Premiership Rugby. The rise represents a larger increase, £6m, [...]

  • Mahomes, Kelce, McIlroy and others pump £200m into F1 team Alpine

    October 17, 2023

    Sporting stars including Kansas City Chiefs quarterback Patrick Mahomes and former world heavyweight boxing champion Anthony Joshua have invested £173m in Formula 1 outfit Alpine. The team confirmed in June that a 24 per cent stake had been sold to investors made up from Orto Capital, RedBird Capital Partners and Maximum Effort Investments, which included [...]

  • Delighted: Sporting chiefs thrilled with 2028 Olympics inclusion

    October 17, 2023

    United Kingdom chiefs of the newest Olympic Games sports have expressed their delight at the breakthrough call which will see them feature in Los Angeles in 2028. Squash, cricket, flag football, lacrosse and baseball-softball will join the Olympics roster in five years time as the Games return to the United States for the first summer [...]

  • 777 Partners “right people” for Everton, says Moshiri

    October 16, 2023

    Prospective Everton owners 777 Partners “the right people” to take over the Merseyside club, according to the team’s majority shareholder Farhad Moshiri. The British-Iranian businessman has agreed a deal with 777 Partners for the US investment firm to buy his 94 per cent stake in the Toffees but there have been concerns over the deal. [...]

  • Manchester United share price slumps after potential Ratcliffe minority stake bid

    October 16, 2023

    Manchester United’s share price has slumped today with news of a potential minority investment from chemical company Ineos owner Sir Jim Ratcliffe. Shares on the New York Stock exchange opened at $18.22 but are hovering around 12 per cent lower, below $18 per share, as the likelihood of a majority takeover of the Manchester club [...]

  • Talor Gooch loses play-off but wins £17m at LIV Golf Jeddah

    October 15, 2023

    Gooch lost to Brooks Koepka in a play-off but still finished top of the season standings.

  • Manchester United: Five questions as Sir Jim Ratcliffe nears £1.3bn deal

    October 15, 2023

    A year after declaring his interest in buying Manchester United, Sir Jim Ratcliffe looks set to get his way – sort of – via a £1.3bn minority investment that appears to have won the Glazer family’s approval and could be sealed this week.  But while the deal promises to bring an end to the saga [...]

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