Crystal Palace owner Blitzer part of £1bn mega stadium redevelopment Sport Business Co-owner of Premier League club Crystal Palace, David Blitzer, is part of a group spending around £1bn on a major new stadium that his team will share with another club. The American, who became the first investor to hold stakes in the big five North American leagues – MLS, MLB, NFL, NHL and NBA – [...]
Arsenal owner Kroenke takes total US franchise spend this summer to £23bn Sport Business Nearly £23bn of US sports franchises were sold across the summer after Arsenal owner Stan Kroenke purchased the Los Angeles Angels. The surprise purchase – a MLB record at £2.97bn – ended a summer of spending across North America which included basketball, NFL and women’s football. Kroenke’s sporting portfolio now puts the Angels alongside Premier [...]
Liverpool and LA Lakers deals set new bar for sport investment Sport Business In one week Fenway Sports Group (FSG) sold 38 per cent of Liverpool to a consortium led by Amit Bhatia that also includes Jeff Bezos and Eduardo Saverin at a £5.5bn valuation, and former Disney chief Bob Iger and Donald Trump-linked Josh Kushner agreed to buy the LA Lakers for £9bn. These deals are massive, [...]
Trump-linked Kushner and ex-Disney boss to buy £9bn LA Lakers from Chelsea co-owner August 12, 2026 Josh Kushner, the Donald Trump-linked figure at the centre of the Fifa sell-off row, is to buy NBA’s LA Lakers from Chelsea co-owner Mark Walter in a £9bn deal. Walter purchased the Lakers for £7.4bn in October last year but is set to see a bumper return on his investment when Kushner – brother to [...]
Meet the 33-year-old British former IPL boss changing Indian basketball July 30, 2026 Ahead of the launch of the Indian Basketball League, City AM sat down with the 33-year-old Brit tasked with taking on cricket and kabaddi Jake Lush McCrum is not your run-of-the-mill sports executive. Despite being just 33, the Brit is nearly a decade into senior leadership in sport. But he hasn’t worked his way up [...]
Crystal Palace stadium set for £130m revamp with 25,000 seats July 24, 2026 Plans for the £130m refurbishment of a major 25,000-capacity south London stadium in Crystal Palace have been given the green light. The planning application for the renovation of the Crystal Palace National Sports Centre has been approved with the refurbishment set to feature a revamped swimming and diving pool, as well as a padel centre, [...]
London Sports Festival’s 3×3 Basketball Court Scores Early Success with Basketball England Takeover July 23, 2026 Central London Alliance’s London Sports Festival’s newest sporting activation has made an impressive start, as the pop-up 3×3 basketball court in Paternoster Square welcomed hundreds of participants and spectators for a successful opening day in partnership with Basketball England. Situated in the shadow of St Paul’s Cathedral, the court has transformed Paternoster Square into a [...]
EuroLeague CEO interview: ‘NBA Europe? We have never been stronger and will never disappear’ July 8, 2026 EuroLeague CEO Chus Bueno has turned an organisation in crisis into one ready for battle with the NBA over the future of basketball. In an exclusive interview, he explains why he believes his vision will keep clubs from defecting and that rival European leagues would be bad for everyone. When former NBA vice president Chus [...]
London Lions in EuroLeague franchise bid – but may have to quit Super League Basketball July 6, 2026 London Lions are in talks to buy an expansion franchise in EuroLeague basketball when the continent’s premier competition adds four new teams next year. London is a priority market for EuroLeague as it advances its plans to grow to 24 teams for the 2027-28 season – part of a comprehensive rearguard action against the NBA’s [...]
NBA Europe bids fall short of $500m mark for some city franchises July 1, 2026 Some of the 12 permanent franchises in the NBA’s planned European basketball league have not yet attracted bids in excess of $500m, the mooted base price for teams. The latest round of bidding from seasoned sport owners, institutional investors and existing football and basketball clubs closed on Monday, with the most sought-after locations – believed [...]