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Sport Business

  • Chelsea sale: Deal plunged into doubt after U-turn on loan repayment – reports

    May 3, 2022

    Fresh doubt surrounds the proposed sale of Chelsea after it was reported that owner Roman Abramovich wants to change the structure of the deal.  Having previously indicated that he was willing to write off more than £1.5bn of debt owed by the club to another of his companies, he is now said to have asked [...]

  • Paul Merson: Football should do more to stop lives being ruined by gambling addiction

    May 3, 2022

    Former footballer and reformed addict Paul Merson believes the sport should do more to stop players falling prey to gambling problems. Merson also battled alcohol and drugs during a career that nevertheless gleaned league titles, European trophies and playing at World Cups for England.  The ex-Arsenal forward, 54, was driven to the brink of suicide [...]

  • English football regulator may be constrained by conflicting aims, says legal expert

    May 2, 2022

    An independent regulator of English football may be rendered toothless by conflicting aims, says a legal expert on the running of the sport. The Government last week announced plans to create a regulator as part of its response to former sports minister Tracey Crouch’s Fan-Led Review of Football Governance.  But Stuart Hatcher, a corporate lawyer [...]

  • Porsche and Audi to enter Formula 1 in 2026, confirms Volkswagen chief Diess

    May 2, 2022

    Porsche and Audi are working on plans to enter Formula 1, says Herbert Diess, chief executive of their parent company Volkswagen. He said the decision was based on the growth in popularity of F1 in recent years, particularly in the US and among younger audiences. Confirming that Porsche and Audi would enter the series in [...]

  • Football super-agent Mino Raiola dies aged 54

    April 30, 2022

    Dutch-Italian football agent Mino Raiola has died at the age of 54. The football super-agent, who shot to fame for his work with football legends including Paul Pogba and Mario Balotelli, died after suffering a period of sickness lasting several months, according to reports. Raiola’s family confirmed his death in a statement via Twitter, as [...]

  • Tennis legend Boris Becker jailed: The dramatic rise and fall of a world champion

    April 30, 2022

    A dramatic fall from grace for tennis legend Boris Becker, as he was jailed for two-and-a-half years yesterday for trying to hide £2.5m in assets and loans. As Becker starts his prison sentence, City A.M. zooms in on the turbulent and colourful life of the three-time Wimbledon champion. Boris Franz Becker was born in Leimen, [...]

  • Wimbledon star Boris Becker jailed for two-and-a-half years for hiding £2.5m in assets and loans

    April 29, 2022

    Tennis legend and three-time Wimbledon champion Boris Becker has been jailed for two-and-a-half years for hiding £2.5 million worth of assets and loans to avoid paying his debts. The former world number one, 54, was declared bankrupt on June 21 2017, owing creditors almost £50m, over an unpaid loan of more than £3m on his [...]

  • Sir Jim Ratcliffe makes eleventh-hour £4bn bid for Chelsea Football Club

    April 29, 2022

    British tycoon Sir Jim Ratcliffe has swooped in with a sensational eleventh-hour £4bn bid to buy Chelsea Football Club.

  • ‘Humiliated’ tennis legend Boris Becker has ‘nothing’ to show for glittering career and relies on charity to survive

    April 29, 2022

    The lawyer of former tennis star Boris Becker has been left with nothing to show for his “glittering” sporting career and will have to rely on charity to survive. The three-time Wimbledon Champion, 54, was declared bankrupt in 2017 over a loan from private bank Arbuthnot Latham against his estate in Mallorca. His barrister Jonathan [...]

  • Formula E unveils ‘fastest and greenest ever’ Gen3 electric racing car

    April 28, 2022

    Formula E chiefs have unveiled the new Gen3 car, which is set to be the electric racing series’ fastest and greenest vehicle yet. The Gen3 car, which will be used in next year’s championship by manufacturers including Jaguar, Maserati and Porsche, has a top speed of more than 200mph and is said to be the [...]

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