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Sports money

  • Wrexham targeting successive promotions after sealing return to Football League

    April 24, 2023

    Wrexham are targeting another promotion next summer after the Hollywood-owned Welsh club clinched their return to the English Football League on Saturday. The decisive 3-1 win over Boreham Wood came two years after actors Ryan Reynolds and Rob McElhenney took charge at the Racecourse Ground, and executive director Humphrey Ker insists they are just getting [...]

  • Three charts that show the chasm between Manchester United and Brighton’s spending

    April 22, 2023

    Manchester United’s vast financial advantage over Brighton is illustrated by analysis of both clubs’ spending over the last decade as they prepare to meet in Sunday’s FA Cup semi-final. When Manchester United last met Brighton and Hove Albion at Wembley Stadium in the 1983 FA Cup final replay, it was already a financial mismatch. Although [...]

  • Ed Warner: Demise of UK Athletics is a scandalous situation

    April 20, 2023

    I’ve largely kept my counsel on the shambles at UK Athletics since I left in 2017 but reports that the governing body is at risk of collapse have flipped my switch. Five years encompassing five chairs and six CEOs (some permanent, others interim), unnecessary politicking, pursuit of vanity projects, timidity and simple sloppiness have laid [...]

  • 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 [...]

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