Liverpool shareholders RedBird Capital set to buy stake in Indian Premier League franchise Rajasthan Royals June 24, 2021 RedBird Capital Partners, a shareholder in Liverpool owners Fenway Sports Group, is buying a stake in Indian Premier League (IPL) cricket franchise Rajasthan Royals, according to reports. New York-based RedBird is buying 15 per cent of the Royals in a deal that values the team at $250m, says the FT. The transaction continues the trends [...]
Week in Sportbiz: Ukraine told to change Russia-baiting Euro 2020 kit; Germany muscles in on London NFL patch; beIN and Channel 4 bag rights deals June 10, 2021 Euro 2020 may not have started yet but it has already kicked off between Ukraine and Russia. Ukraine tweaked the nose of Russia earlier this week when it revealed a Moscow-baiting new football kit, to be worn at Euro 2020. The yellow shirt features a map of Ukraine that includes Crimea, which Russia annexed in [...]
Chris Tremlett: England should ditch negativity and return to more positive approach in second Test with New Zealand June 9, 2021 England were accused of passing up the chance to win the first Test of an important summer against New Zealand last weekend. And I can understand why. New Zealand made a brave declaration, and England’s target of 273 from 75 overs on a good wicket looked achievable. I was surprised that England didn’t chase hard [...]
Report: Festivals risk losing another summer unless government support kicks in May 29, 2021 Music festivals are looking at another ‘lost summer’, a report has said today, due to the lack of government plans to back insurance for events at risk of cancellation due to Covid-19. The report, by the Department for Digital, Culture, Media and Sport (DCMS) committee, calls on ministers to offer a safety net for live [...]
Crowd pleasers: England cricket test match and Royal Ascot picked for next fan pilot May 26, 2021 Thousands of fans will be able to attend an England cricket test match and Royal Ascot this summer as part of the next stage of the government’s pilot programme for major events. The second test of the men’s series against New Zealand, beginning on 10 June at Edgbaston, will be allowed to welcome more than [...]
IG signs up to sponsor England cricket teams in three-year deal May 26, 2021 City of London firm IG has signed a three-year deal to sponsor England’s cricket teams. The contract with the England and Wales Cricket Board (ECB) will see the online trading specialist support the men’s and women’s national teams. It will also mean IG branding appearing on the men’s shirt in Test, one-day and Twenty20 cricket. [...]
Week in Sportbiz: Bitcoin plunge hits chess grandmasters; ‘Stamford Beach’ stunt recalls Chelsea row; and Hundred teams get new spinners May 20, 2021 When is a $100,000 bonus not worth $100,000? That is a conundrum for the chess grandmasters taking part in the FTX Crypto Cup. The tournament, which features world champion Magnus Carlsen and starts this weekend, is offering a $320,000 prize to the winner – a record for an online chess event. But $100,000 of that [...]
Surrey Cricket boss to move on after transformative decade May 14, 2021 Surrey County Cricket Club Chief Exec Richard Gould is to leave the south London institution after a decade in charge. Gould will move on to the same role at Championship football club Bristol City. Surrey’s business model has been transformed under Gould’s tenure, with the year before the pandemic delivering record profits. Read more: Surrey [...]
Indian Premier League suspended after several players test positive for Covid-19 May 4, 2021 Cricket’s Indian Premier League (IPL) has been suspended after a number of players fell victim to the country’s rising Covid-19 cases. Fixtures scheduled for Monday and Wednesday had already been called off as a result of players testing positive for the virus. Organisers said they had “unanimously decided to postpone IPL 2021 season, with immediate [...]
Week in Sportbiz: Taxman cometh for football (again); BT Sport; Simone Biles; social media boycott; and NHS x NFL draft April 29, 2021 HMRC has cashed in by increasing scrutiny of the football industry, so perhaps it should be no surprise that the taxman has begun a new crackdown on players and clubs. Investigations into footballers almost tripled in 2019-20, while those concerning clubs more than doubled. The result was an increase from £35m to £73m in tax [...]