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      M&S chief’s pay slashed by £3m after cyberattack turmoil

      Stuart Machin, the chief of Marks and Spencer

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Sport Business

  • Stephen Pagliuca: Boston Celtics owner breaks silence, vowing to make ‘substantial’ Chelsea bid

    April 12, 2022

    Potential Chelsea FC buyer Stephen Pagliuca says he will submit a “substantial and credible” bid for the European champions, while hinting at reducing his stake in Italian club  Atalanta. In a statement reported first by Sky News, the co-owner of the Boston Celtics basketball team also pledged to support both the men’s and women’s teams [...]

  • Ladbrokes owner Entain scores record number of bets at ‘fairytale’ Grand National

    April 12, 2022

    Ladbrokes owner Entain has reported a record-breaking number of bets on Saturday’s Grand National at Aintree, with over 20,000 bets-per-minute placed in the run up to the race.

  • Victoria to become first regional host of the Commonwealth Games in 2026

    April 12, 2022

    The Australian state of Victoria has been selected to host the 2026 Commonwealth Games. The Games, to be staged in Melbourne, Geelong, Bendigo, Ballarat and Gippsland, will be the first to take place predominantly in a region rather than a single city. The last edition took place in Australia four years ago and organisers have [...]

  • Crystal Palace defender named in top five most valuable European breakthrough prospects

    April 11, 2022

    Crystal Palace and England defender Marc Guehi has placed fifth in a list of the most valuable young footballers. The CIES Football Observatory listed the top 50 players to have made their debut this season in one of Europe’s top five leagues before turning 23. Ex-Chelsea centre back Guehi has an estimated transfer value of [...]

  • NBA chairman Larry Tanenbaum eyes Chelsea FC consortia

    April 11, 2022

    The chairman of the National Basketball Association Larry Tanenbaum has joined one of the leading consortiums gearing up to takeover Chelsea FC. Backing Steve Pagliuca’s offer for the London club, sources told Mark Kleinman for Sky News that Tanenbaum has joined the Facebook co-founder Eduardo Saverin in backing the upcoming bid. As well as chairing [...]

  • Multiple US investors signal interest in £350m deal with Farhad Moshiri for Everton

    April 11, 2022

    Everton are the latest Premier League club to attract interest from US investors, according to reports. The Merseyside club have made huge losses under owner Farhad Moshiri, who has spent heavily on players in a failed attempt to restore the Toffees to former glories. Russia’s invasion of Ukraine has also hit Everton, who have been [...]

  • Premier League scores top City headhunter for chairman search

    April 10, 2022

    Top City headhunter MWM Consulting has been hired to find the new chairman of the Premier League.

  • GUILTY: London jury finds tennis legend Boris Becker guilty of hiding shares, loans and property

    April 8, 2022

    Three-time Wimbledon champion Boris Becker has been found guilty at Southwark Crown Court of four charges under the Insolvency Act and acquitted of a further 20 counts relating to his 2017 bankruptcy. The six-time grand slam champion, 54, was accused of hiding millions of pounds worth of assets, including two Wimbledon trophies, to avoid paying [...]

  • European football confirms new ‘financial sustainability regulations’ to replace FFP

    April 7, 2022

    European football’s governing body Uefa has confirmed the adoption of new “financial sustainability regulations” to replace its controversial financial fair play rules (FFP). The biggest change under the new system will see clubs’ spending on wages, transfers and agents capped at 70 per cent of revenue. The financial sustainability regulations will apply to all teams [...]

  • Nikita Mazepin: I lost my seat in Formula 1 because of ‘cancel culture against Russia’

    April 7, 2022

    Russian motor racing driver Nikita Mazepin says he is a victim of “cancel culture” following his sacking by Formula 1 team Haas. Mazepin lost his seat at the US outfit on the eve of the 2022 season when Haas cut all ties with Russia in the wake of its invasion of Ukraine. Haas’s main sponsor [...]

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