Mesut Ozil, Eva Longoria, Kate Upton and US investors in Swansea City form unlikely consortium to buy into Mexican football club Necaxa April 13, 2021 Former Arsenal star Mesut Ozil and actor Eva Longoria are among an eclectic group of investors said to be buying into Mexican football club Necaxa. Model Kate Upton, her Major League Baseball star husband Justin Verlander and two US sports executives involved with Swansea City are also part of the consortium, according to reports. The [...]
Week in Sportbiz: Sports give qualified backing to Covid certification plan; US Beijing boycott talks escalates; Masters caught up in vote row April 8, 2021 British sport’s leading governing bodies have backed plans to use Covid certification if it means they can reopen stadiums in full later this summer. But they have called for urgent clarification on how and when social distancing will be relaxed, warning that partially full venues will not stem their financial losses. The Premier League, Football [...]
Athletes are driving the acceleration of sports investment – will we see European players follow the US trend for SPACs and NFTs? April 8, 2021 Barely a day goes by without another high-profile athlete being announced as an investor in a special purpose acquisition company (SPAC), a tech start-up or launching their own non-fungible tokens (NFTs). While the Covid-19 pandemic has created major cash-flow problems for many elite teams and leagues, there is certainly no shortage of liquidity being channelled [...]
Athletic Bilbao: Two Copa del Rey finals, one unique philosophy, and the roles of identity and loyalty in sporting success March 31, 2021 Athletic Bilbao manager Marcelino Garcia Toral could be forgiven for using the old cliche about every game feeling like a cup final. That’s because, due to a quirk of pandemic rescheduling, Athletic are about to play in the final of Spain’s domestic cup competition twice in a fortnight. On Saturday, a year later than planned, [...]
English football clubs turn to MetLife for £117.5m loan after baulking at Bank of England emergency funding conditions March 30, 2021 Championship football clubs have chosen to take a £117.5m loan from US insurer MetLife instead of the Bank of England’s emergency Covid-19 support scheme. The English Football League (EFL), which represents clubs in the second, third and fourth divisions, said it rejected the Bank of England loan due to the conditions imposed. Teams in the [...]
What is the ‘Swiss model’ set to be used in the Champions League, and why have big clubs chosen a system common to chess but unheard of in football? March 30, 2021 The biggest changes to the Champions League for 20 years – including the introduction of the controversial “Swiss model” – are set to be rubber-stamped in April. From 2024, it will mean more teams, more matches and a new format common to chess and croquet that, until now, was unheard of in elite European football. [...]
Week in Sportbiz: Is crypto the next big player in sports sponsorship? Plus Extreme E’s Suez near miss and Amazon’s Six Nations interest March 25, 2021 Where US sports lead, others tend to follow, so it was with interest that industry insiders noted developments in Florida this week. Miami Heat’s home is set to be rebranded the FTX Arena after the NBA side struck a naming rights agreement with the cryptocurrency exchange. FTX will pay $135m for the 19-year deal, the [...]
Dale Vince interview: Forest Green Rovers chairman and green energy tycoon on climbing the football leagues while saving the planet March 19, 2021 With a large green Union Jack behind him and a casually dishevelled appearance, Dale Vince brings to mind the leader of some rebel republic when he appears on the Zoom call. Being cast as a revolutionary is nothing new to Vince. In business, the former New Age Traveller has turned once-leftfield ideas about green energy [...]
Week in Sportbiz: Tokyo 2020 Olympics hit by another sexism scandal; World Rugby boosts women’s game; LaLiga brings tiki-taka teachers to East Sussex March 18, 2021 “I would like to show a new direction,” said Seiko Hashimoto upon taking over as president of the Tokyo 2020 Olympics in the wake of a sexism storm last month. Four weeks later, Hashimoto’s hopes have been torpedoed by revelations that another senior male official for this summer’s Games made derogatory comments about women. Tokyo [...]
Why the Premier League TV rights bubble really might be about to burst this time March 18, 2021 The Premier League TV rights for 2022 to 2025 will go under the hammer in the next few months. The outcome of that process could put the competition’s very existence at risk. In 2018, the UK segment of the Premier League TV rights sold for £4.5bn, down from a £5.1bn high in 2015. The rights [...]