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Sports money

  • LIV Golf chief hints at peace talks with PGA Tour ‘sooner rather than later’

    April 19, 2023

    LIV Golf chief executive Greg Norman has opened the door to peace talks with the PGA Tour on the eve of the upstart circuit’s event in Adelaide this week. More than a year of fighting over access to the game’s top male players appeared to have left relations between the two tours in irreparable condition. [...]

  • Premier League ‘shutting the door on those below’ by ‘distorting competition’

    April 19, 2023

    MPs have accused the Premier League of “shutting the door on those below” with the parachute payments system of financial redistribution to relegated football clubs. Julian Knight, chairman of the Department for Culture, Media and Sport select committee, urged England’s leading clubs to find a “fairer solution” that doesn’t have a “distorting effect on competition”. [...]

  • NBA star becomes part-owner of London Lions basketball team

    April 19, 2023

    Harlesden-born NBA star OG Anunoby has returned to his roots by becoming a part-owner of British Basketball League side London Lions. Toronto Raptors wing Anunoby, 25, has taken a minority stake in the team, which is majority owned by American investment group 777 Partners. His investment is another boost to the Lions, the leading team [...]

  • First football, now padel: US investors take fight to Qatar for future of the racket sport

    April 18, 2023

    Heard the one about the historically European sports property turbo-charged by Middle Eastern sovereign wealth and now in the crosshairs of serial sports investors from the US?  This isn’t football, though, but padel, the fast-growing racket sport now at the centre of a tug of war between rival competitions backed by the Qatari owners of [...]

  • IN PICTURES: See Manchester City’s plans for £300m upgrade to Etihad Stadium

    April 18, 2023

    Premier League champions Manchester City have formally submitted a planning application for a £300m upgrade of their Etihad Stadium that would take capacity to more than 60,000. The improvements are centred on the North Stand, which is to get a new, enlarged upper tier and will connect to a new complex featuring a hotel, club [...]

  • English football wants a piece of the American pie – but it’s not MLS

    April 15, 2023

    From Todd Boehly’s private-equity-backed consortium at Premier League giants Chelsea to former Disney CEO Michael Eisner at Portsmouth in the third tier down to Hollywood stars Ryan Reynolds and Rob McElhenney at non-league Wrexham, the flow of football investment between the United States and Britain is well established. But it is not all one-way. Increasingly, [...]

  • Premier League names date for ban on front-of-shirt gambling advertising

    April 14, 2023

    Premier League clubs have agreed to remove gambling advertising from the front of their match shirts, it has been announced. Teams voluntarily adopted the change, which will be phased over the next year so that no team has a betting brand on the front of their kit by the 2024-25 season. The move is designed [...]

  • Manchester United sale: Glazers risk aggravating buyers with third round of bids

    April 11, 2023

    Manchester United owners the Glazer family have risked aggravating would-be buyers by taking their sale of the club to a third round of bidding. More than two weeks after the deadline for second offers, bankers the Raine Group finally broke their silence to bidders – only to inform them that the Glazers want another round [...]

  • Brits buy more Paris 2024 Olympics tickets than any other overseas nation

    April 11, 2023

    Great Britain is leading the way for ticket purchases outside of France ahead of next year’s Paris 2024 Olympics. The French capital will host the iconic multi-sport extravaganza for the first time in 100 years in what is also set to be the first Olympiad since the Covid-19 pandemic. It also marks a return to [...]

  • Ed Warner: Fear of losing to the Poms may get Australian sport its extra A$2bn

    April 6, 2023

    As an English sports fan it’s always fun when others cite your nation as their greatest rivals when they wouldn’t make your own top three. Cricket aside, such is the case with Australia.  Last week a cry from Australia’s sporting hierarchy for more financial backing from politicians caught my eye. The need to beat the [...]

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