Parliament warns against extending Premiership Rugby Covid-19 loans A top parliamentary committee has insisted Premiership Rugby clubs who are “financially unviable five years post-pandemic” should not have their Covid-19 loans extended. The damning report from the Public Accounts Committee – an influential group of backbench MPs who probe state spending – singled out the process in which £124m of loans funded by the [...]
Former Formula 1 team owner Eddie Jordan dies Sport Former Formula 1 team owner, pundit and paddock icon Eddie Jordan has died aged 76 having been diagnosed with an “aggressive” form of cancer. Dublin-born Jordan was credited with being one of Formula 1’s influential names, founding Jordan Grand Prix, the team which became Aston Martin. “EJ brought an abundance of charisma, energy and Irish [...]
Row erupts over bid to resurrect London Irish Sport Business London Irish administrators and former frontrunner Daniel Loitz are at loggerheads over the breakdown of the German’s proposed deal to buy the stricken rugby club. Sources close to the deal claim that Loitz had months – including an exclusivity period – in which to finalise a purchase with the ReSolve Group, which was appointed when [...]
DCMS issue insolvency threat to rugby clubs over Covid-19 loans February 10, 2025 Rugby clubs have been warned after the Department of Culture, Media and Sport (DCMS) said it “wouldn’t hesitate” to use “all financial levers” available to recover loan payments owed by sports organisations from the pandemic. Those powers could see the government department aid in forcing insolvency on sports clubs to ensure the taxpayer recoups the [...]
Sport in 2025: A rallying cry to London, Mayor Khan and Londoners January 2, 2025 For at least the past five years it has felt as if London was disappearing off the global sporting stage. The capital may boast the Home of Cricket, 17 professional football clubs and five stadiums with a capacity of over 50,000 but huge sporting events have sought refuge in the likes of Saudi Arabia, the [...]
Red Bull: Leeds United minority owner set to increase football investment December 18, 2024 The energy drinks brand already has a minority stake in Leeds but has an option to increase it.
DCMS fear rugby future as £30m in taxpayer loans expected to be written off December 18, 2024 The government could be forced to write off nearly £30m of taxpayers’ money loaned to sports bodies, clubs and the arts during the Covid-19 pandemic. The figures, revealed today by the National Audit Office, provide a stark update on the £474m aid package provided by the Department of Culture, Media and Sport. Rugby union was [...]
Meet Daniel Loitz, the man trying to resurrect London Irish rugby legacy April 30, 2024 When London Irish went bust in 2023 many thought that was the end of one of Premiership Rugby’s famous clubs. But businessman Daniel Loitz wants to buy the club. What does the Bernadotte Dynasty of the Swedish royal family, a Kazakh steel works company, an Uzbek railway project, the Berlin Wall and the fall of [...]
Premiership rugby: Top four race shows product deserves off-pitch stability April 21, 2024 When Joe Carpenter won an 82nd minute turnover against the run of play to hand his Sale Sharks side a 37-31 victory over Harlequins, it catapulted the Mancunians from eighth into sixth in the Premiership table and reduced the deficit to the play-off spots to just three points. With Northampton Saints five points clear of [...]