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Sports money

  • Phil Mickelson confirms place at London curtain raiser of £200m LIV Golf Invitational Series

    June 6, 2022

    Six-time major winner Phil Mickelson has confirmed his participation in the first LIV Golf Invitational Series tournament at Centurion Club near London this week.  The American was a surprise omission when the first 42 names in the 48-man field were announced last week, with former world No1 Dustin Johnson topping the bill instead. But organisers [...]

  • Dustin Johnson brings star quality as LIV Golf Invitational Series prepares for London debut

    June 5, 2022

    Four months ago Rory McIlroy declared plans for a new Saudi-funded golf circuit to be “dead in the water” but, just days away from the first LIV Golf Invitational, that appears to be far from the case. Contrary to McIlroy’s forecast, the opening leg in a series of eight big-money tournaments which feature both individual [...]

  • Manchester City want more signings after Haaland, says chairman Al Mubarak

    May 31, 2022

    Manchester City plan to follow the recruitment of Erling Haaland with more summer signings, says chairman Khaldoon Al Mubarak. The Premier League champions beat a host of top clubs to lure prolific Norway striker Haaland from Borussia Dortmund earlier this month. City have also been linked with moves for Leeds and England midfielder Kalvin Phillips [...]

  • CVC Capital Partners’ cricket franchise Gujarat Titans win Indian Premier League

    May 30, 2022

    Gujarat Titans, the cricket franchise owned by private equity firm CVC Capital Partners, won the Indian Premier League at their first attempt on Sunday. Gujarat beat Rajasthan Royals, who feature big-hitting England batter Jos Buttler, by seven wickets in a final played in front of more than 100,000 fans in Ahmedabad. CVC won a bidding [...]

  • Rising wages tip Manchester United to £27.7m Q3 loss despite post-pandemic revenue recovery

    May 26, 2022

    Manchester United made a loss of £27.7m for the three months up to the end of March, a 53 per cent increase on the same period last year, due to rising wages and unfavourable exchange rates. Revenue was up 29 per cent to £152.8m, largely due to the return of supporters to Old Trafford following [...]

  • Kylian Mbappe: Why Paris Saint-Germain believe star’s new €105m contract will pay for itself

    May 22, 2022

    Paris Saint-Germain believe Kylian Mbappe’s lucrative new €105m contract, which helped to keep him out of the clutches of Real Madrid, will pay for itself. Mbappe signed a new three-year deal with PSG on Saturday worth around €35m a year, putting the 23-year-old France forward in the same pay bracket as team-mate Lionel Messi. It [...]

  • Chelsea directors Buck and Granovskaia set to share in £50m takeover bonus pool

    May 18, 2022

    Chelsea directors including chairman Bruce Buck and Marina Granovskaia are set to receive multimillion pound bonuses once the sale of the club is completed, according to reports. Buck and Granovskaia will share in £50m once a consortium led by Todd Boehly, part-owner of the LA Dodgers baseball team, complete its takeover, according to The Times. [...]

  • Derby County takeover: Buyer Chris Kirchner exchanges contracts on deal for football club

    May 17, 2022

    Prospective Derby County owner Chris Kirchner says he has exchanged contracts on a takeover of the football club. Kirchner has been locked in talks for months with administrators, stadium owner Mel Morris and the English Football League over a deal. If completed, the transaction would bring to an end the crisis at one of the [...]

  • Aramco Team Series: Belgium’s Manon De Roey breaks Ladies European Tour duck in Bangkok

    May 15, 2022

    Belgium’s Manon de Roey has had to be patient, but her maiden win on the Ladies’ European Tour was worth the wait.  The 30-year-old, who first joined the tour in 2016, broke her duck in style by winning the individual title at the first $1m Aramco Team Series event of the season in Bangkok on [...]

  • Major League Baseball to consider increasing number of London games to three or four

    May 13, 2022

    Major League Baseball could increase the number of games per season that it stages in London after it stepped up its commitment to the capital. MLB made its UK debut in 2019 with a double header at the London Stadium that the competition’s chiefs deemed a great success. It confirmed this week that it is [...]

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