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Sport Business

  • Uefa terminates £100m Gazprom sponsorship as sport shuts out Russia

    February 28, 2022

    European football’s governing body Uefa has confirmed the termination of its long-standing sponsorship deal with Russian state energy company Gazprom. The move came as Uefa banned Russian teams from its international and club competition following the country’s invasion of Ukraine. “Uefa has today decided to end its partnership with Gazprom across all competitions,” it said. [...]

  • Fifa, Uefa and IOC heed calls to ban Russia from international sport

    February 28, 2022

    Russia faces an indefinite period of exile from international sport after major bodies including the International Olympic Committee, Fifa and Uefa bowed to calls to ban the country. The IOC said Russian teams and athletes should not be allowed to compete in international competitions, even under a neutral flag, as a result of the country’s [...]

  • International Olympic Committee calls for Russia and Belarus ban

    February 28, 2022

    The International Olympic Committee (IOC) have urged sporting federations and organisations to “not invite or allow the participation of Russian and Belarusian athletes and officials in international competitions”. As part of a list of recommendations released today, the IOC Executive Board (EB) have said their motives relate to the inability of Ukrainians to compete as [...]

  • PM Boris Johnson calls on Fifa to expel Russia from World Cup

    February 28, 2022

    Prime Minister Boris Johnson has added his voice to calls for football chiefs Fifa to expel Russia from this year’s men’s World Cup. Fifa announced a range of sanctions against Russia on Sunday, including ordering them to play home games on neutral ground and under the banner of the Football Union of Russia. But the [...]

  • Poland and Sweden pile pressure on Fifa to expel Russia from World Cup

    February 28, 2022

    Poland’s football association has criticised Fifa for allowing Russia to carry on competing at international level, calling the stance “totally unacceptable”. On Sunday Fifa issued a list of sanctions against Russia following the state’s invasion of Ukraine, including that they must compete as the Football Union of Russia on neutral territory and without an anthem [...]

  • Sport is guilty of shutting its eyes to Russia’s geopolitical ambitions

    February 27, 2022

    Roman Abramovich’s near 20-year ownership of Premier League club Chelsea has been shrouded in mystery and therefore subject to constant scrutiny and speculation. Indeed, until the weekend, it remained unclear why he is there and what he is seeking to achieve. The oligarch has denied having direct links with Vladimir Putin but has been seen [...]

  • Chelsea facing calls to clarify Roman Abramovich role

    February 27, 2022

    Chelsea are facing calls to publicly clarify Roman Abramovich’s role after he said he had handed the club’s “stewardship and care” to trustees of its charitable foundation. Ministers have been urged to seize billionaire Abramovich’s assets on the basis of his links to the Russian state in the wake of the country’s invasion of Ukraine. [...]

  • Abramovich hands over “stewardship” of Chelsea FC amid Ukraine war

    February 26, 2022

    Roman Abramovich has handed over control of Chelsea FC to the trustees of the club’s charitable foundation. The move comes amid unprecedented pressure on those with ties to Vladimir Putin after the Russian President’s invasion of Ukraine. In a statement on the football club’s website, Abramovich wrote: “I have always taken decisions with the Club’s [...]

  • Carabao Cup has enough fizz to make business sense despite what its critics say

    February 25, 2022

    The Carabao Cup, which concludes on Sunday when Chelsea play Liverpool at Wembley, is perennially fending off calls for its demise and remains the butt of many a joke. Its future beyond 2024 remains uncertain, when an expanded Champions League is set to tighten the squeeze on English football’s secondary domestic cup competition. And it [...]

  • Exclusive: World’s biggest litigation funder Harbour strikes £2m deal with sports lawyers to fund ‘no win, no fee’ FIFA lawsuits

    February 24, 2022

    Private litigation funder Harbour has struck a £2m deal with specialist law firm Morgan Sports Law, through which Harbour plans to cover footballers’ legal costs in employment disputes put forward on a “no win, no fee” basis. Harbour will cover any legal costs in disputes between professional footballers and their employers, and take a cut [...]

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