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Sport Business

  • Stormzy and Wilfried Zaha team up to buy hometown football club Croydon Athletic

    June 27, 2023

    Rapper Stormzy and Crystal Palace star Wilfried Zaha have agreed to buy their hometown football club, AFC Croydon Athletic. Stormzy and Zaha are part of a three-man consortium, which also includes former Palace kit man Danny Young, that has exchanged contracts for a takeover with the current ownership. No financial details have been disclosed and [...]

  • Racism, elitism and sexism ‘entrenched’ in English cricket, damning report finds

    June 27, 2023

    Racism is entrenched in English cricket and other forms of discrimination are widespread and deep-rooted, according to a damning report by the Independent Commission for Equity in Cricket (ICEC) published today. Half of more than 4,000 respondents said they experienced discrimination, with women “marginalised and routinely experiencing sexism and misogyny”, and “little to no focus [...]

  • Explained: What changes to transfer and loan rules mean for Premier League clubs

    June 26, 2023

    Big clubs such as Chelsea and Manchester City are unlikely to return to hoarding top talent and farming them out on loan despite the relaxation of post-Brexit transfer red tape. Chelsea turned recruiting promising players, loaning them out and ultimately selling for a profit into a fine art in the later years of Roman Abramovich’s [...]

  • Ryan Reynolds joins Wrexham co-owner and RedBird in buying stake in F1 team Alpine

    June 26, 2023

    Hollywood star Ryan Reynolds and RedBird Capital Partners, which has a stake in Liverpool’s owners, have invested in Formula 1 team Alpine. Otro Capital, Reynolds’ Wrexham AFC co-owner Rob McElhenney and their fellow actor Michael B Jordan, who owns a stake in AFC Bournemouth have also invested. The €200m (£171m) cash injection is for 24 [...]

  • Inside the PTO Tour: Triathletes plotting their own path, backed by a billionaire

    June 26, 2023

    Ibiza usually moves to the beat of its clubbing crowd but for one weekend last month it was a different Lycra-clad set working up a sweat: top triathletes, including Alistair Brownlee, Lucy Charles-Barclay and Kristian Blummenfelt. In the shadow of world-famous nightclubs like Pacha, some of the sport’s biggest names took on a 100km swim-bike-run [...]

  • Boost for the Hundred as England cricket chiefs close in on new headline sponsor

    June 25, 2023

    The Hundred is set for a major boost, with the England and Wales Cricket Board understood to be close to announcing a new headline sponsor for the competition. A multi-year deal with a brand that has not previously been involved in cricket is being finalised and there is optimism that it will be signed this [...]

  • Chelsea owners caught in backlash over investment in French club Strasbourg

    June 22, 2023

    Chelsea and co-owner Todd Boehly are facing a backlash from Strasbourg supporters as they close in on a deal to buy a large minority stake in the French football club. Confirmation is said to be imminent that the Blues have acquired a shareholding of around 40 per cent in the team from Alsace.  Strasbourg would [...]

  • Andrew Strauss and Bryan Habana to return to sport at first ever Padel Classic in London

    June 22, 2023

    Sporting greats Sir Andrew Strauss and Bryan Habana are set to come out of retirement next summer for an all-star padel pro-am tournament at the Hurlingham Club.  The Padel Classic, which will also feature a corporate tournament, is scheduled to be played on the lawns of the exclusive south-west London venue on May 15-16 2024. [...]

  • Ed Warner: Rugby, boxing, netball, Para sport – what should Saudi Arabia buy next?

    June 22, 2023

    Challenge accepted! A reader last week asked what the most investable sports worldwide are from the perspective of a sovereign wealth fund such as Saudi Arabia’s PIF. He had rugby union in mind, but wanted a long train journey to dredge up others. A return trip on Avanti West Coast to the first Ashes Test [...]

  • Chelsea begin clear-out and raise almost £100m by selling Havertz and Kovacic

    June 21, 2023

    Chelsea have begun a major squad clear-out and raised almost £100m by agreeing deals to sell Kai Havertz to Arsenal and Mateo Kovacic to Manchester City. Germany forward Havertz, who scored 32 goals in 139 goals during three seasons at Chelsea, is set to move across London to Arsenal for an initial fee of £60m, [...]

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