Frank McCourt-backed Premier Jumping League raises £37m from first team sale Sport Business The Premier Jumping League has raised $50m (£38m) from the first sale of a team in the new showjumping competition backed by former LA Dodgers owner Frank McCourt. The team, which will be one of 16 in the PJL when it launches next year, has been bought by US investor and racing driver Jason McCarthy. [...]
Cadillac Formula 1 team to follow Chelsea blueprint, say owners Sport Business The Cadillac Formula 1 team will “apply the same transformative growth mindset” seen at sister outfit Chelsea FC as they gear up for their historic entry to the grid next year. Cadillac F1 are majority owned by TWG Global, the investment vehicle of Chelsea part-owner Mark Walter, a long-time business partner of the club’s chairman [...]
Boost for Boehly at last: Is Chelsea chairman’s luck turning? Sport Business Things are looking up for Todd Boehly: while Chelsea are enjoying their best run of form since he became chairman, another of his sports teams, the LA Dodgers, have just won baseball’s World Series. The Dodgers secured their eighth title on Wednesday night when they clinched a 4-1 series win over the New York Yankees [...]