Youri Djorkaeff on investing, SailGP and buying an English football club Sport Business French football legend Youri Djorkaeff and his son Sacha on their investment vehicle Playmaker, backing SailGP and buying an English club. Two years after helping his country to win a home World Cup in 1998, Youri Djorkaeff was ticking off another life goal in France colours. Only this time it was on the waters around [...]
America’s Cup chaos as US entry withdraws two days before deadline Sport Business US sailing team American Magic has withdrawn from the next America’s Cup after British entry Athena and holders New Zealand signed a new commercial deal. American Magic, whose founders include Indianapolis Motor Speedway owner Roger Penske, cited issues with the present structure, insisting it “does not provide the framework for American Magic to operate a [...]
Britain and US win race to launch first Ryder Cup of padel Sport Business First came the America’s Cup in sailing, then golf’s Ryder and Solheim Cups, and more recently the Laver Cup in tennis – now padel has its own transatlantic team competition, the Anglo American Padel Cup, and its inaugural edition begins in London this week. The competition features some of the leading players from two emerging [...]
Exclusive: America’s Cup deal opens door to sailing prize money August 13, 2025 The new commercial partnership signed as part of the coming 38th America’s Cup opens the door to the world’s oldest sporting trophy offering prize money, City AM can reveal. An agreement signed by the defending champions, The Royal New Zealand Yacht Squadron, and the British challenger, The Royal Yacht Squadron, is seen as a seismic [...]
Naples, Italy to host 2027 America’s Cup with PM Meloni backing May 15, 2025 Naples in Italy will host the 38th America’s Cup after holders New Zealand were unable to stage the sailing regatta in their own country. The Aotearoa government rejected attempts by Emirates Team New Zealand after the Kiwis won the last event in Barcelona, beating Sir Ben Ainslie and Sir Jim Ratcliffe’s challenger Britannia. “While the [...]
Ineos and Ratcliffe need a sporting win and fast April 11, 2025 “Ineos Britannia announces that it has withdrawn its intention to challenge for the next America’s Cup.” Those were the words issued this week in the latest sporting scaleback by British chemicals billionaire Sir Jim Ratcliffe. The stream of negative news out of Manchester United – including hundreds of job losses, brutal cost-cutting and criticism over [...]
Ineos and New Zealand Rugby end deal after settling £27m sponsorship row April 1, 2025 Sir Jim Ratcliffe’s Ineos has formally ended its partnership with New Zealand Rugby after reaching a settlement over a £27m sponsorship deal due to run until 2027. NZR, which is responsible for the All Blacks and Black Ferns, sued Ineos in February after the chemicals giant had stopped making payments in order to “exit our [...]
America’s Cup: Government reject New Zealand attempt to host on home soil March 31, 2025 America’s Cup winners New Zealand will not defend their title at home in Auckland after the nation’s government refused to back plans for the 2027 regatta. New Zealand are double defending champions having won the 36th America’s Cup in 2021 in Auckland before successfully winning a second consecutive title in Barcelona. The Government of Catalonia, [...]
Man United investor Ineos splits with key sport figure January 24, 2025 Ineos, minority investors of Manchester United, split with a key sports figure on Thursday, citing a failure to agree over the future. The Sir Jim Ratcliffe-owned chemicals giant and British Olympic gold medal winner Sir Ben Ainslie have parted ways following Britain’s first appearance in an America’s Cup final in 60 years. The two parties [...]
Ineos and Ratcliffe wait for more sporting success goes on after America’s Cup loss October 20, 2024 In late August City AM asked whether Ben Ainslie and Ineos Britannia could bring the America’s Cup home for the first time in British sailing history. On Saturday we got our answer. No. Emirates Team New Zealand retained the America’s Cup by 7-2 and became the first team to win the Auld Mug on three [...]