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Sports money

  • English football regulator may be constrained by conflicting aims, says legal expert

    May 2, 2022

    An independent regulator of English football may be rendered toothless by conflicting aims, says a legal expert on the running of the sport. The Government last week announced plans to create a regulator as part of its response to former sports minister Tracey Crouch’s Fan-Led Review of Football Governance.  But Stuart Hatcher, a corporate lawyer [...]

  • Chelsea price is a steal – English clubs will be worth $10bn soon, says banker selling club

    April 28, 2022

    The banker running the sale of Chelsea FC says the club would be a bargain even if it fetches £2.5bn, a record price for a sports team. Joe Ravitch, co-founder of US bank the Raine Group, said he expected Premier League clubs to be worth several times more very soon. “My guess is that Chelsea [...]

  • Hull City owning Turkish media mogul to fly in reality TV contestants for final game of season

    April 27, 2022

    Championship football club Hull City are set to have some unusual guests at their final game of the season: contestants from the Turkish version of reality TV show Survivor. The contestants are due to be flown in especially from the Dominican Republic, where they are currently filming, for the match against Nottingham Forest next week, [...]

  • If the metaverse is the future, what does it hold hold for sport?

    April 26, 2022

    Since Facebook rebranded to Meta last year, barely a day passes without a new capital raise, brand launch or futures fund for the metaverse, but what exactly is it and what does it mean for sport and its biggest stars? Despite the metaverse being a relatively recent term, it’s clear a new virtual reality is [...]

  • Chelsea sale: Todd Boehly bid wins backing from influential former player Paul Canoville

    April 26, 2022

    Influential former Chelsea player Paul Canoville has thrown his weight behind Todd Boehly’s bid to buy the club. Canoville, who has a suite named after him at Stamford Bridge, has come out in support of the Boehly consortium after holding talks with all three remaining bidders. “This is by far the best fit for Chelsea [...]

  • English football regulator won’t ban owners for geopolitical reasons, says Government

    April 25, 2022

    A new independent regulator for English football will not seek to prevent takeovers or force out owners on the basis of geopolitical issues, the Government has confirmed. The regulator will have power to implement tougher tests on prospective club buyers to “root out unsuitable owners”, the official response to last year’s Fan Led Review of [...]

  • Chelsea bidders told they must commit to keeping control of club for 10 years

    April 25, 2022

    The three shortlisted bidders in the sale of Chelsea Football Club have been told they must commit to holding a majority stake for at least 10 years, according to reports. The requirement is set to be a legally binding part of any agreement to purchase the Premier League team from sanctioned owner Roman Abramovich, Sky [...]

  • English football to get independent regulator to oversee finances, Government confirms

    April 25, 2022

    The Government will today confirm plans to introduce an independent regulator for English football to oversee the game’s finances and prevent more clubs from going bust. It will have legal powers to investigate and sanction teams, and will also be tasked with drawing up and operating tougher tests for anyone wanting to own English clubs. [...]

  • Rugby league great Jamie Peacock completes 21-hour, 100-mile London run for charity

    April 21, 2022

    Rugby league legend Jamie Peacock has helped to raise thousands of pounds for charity by running a gruelling 100-mile double loop of London. Peacock, 44, ran for 21 hours – including through the night – to complete the challenge for mentoring charity Greenhouse Sports over Easter weekend. The former England and Great Britain captain took [...]

  • Lewis Hamilton and Serena Williams bankroll Sir Martin Broughton-led bid for Chelsea

    April 21, 2022

    Formula 1 driver Lewis Hamilton and tennis superstar Serena Williams are helping to bankroll the Sir Martin Broughton-led bid for Chelsea. Hamilton, who has previously said he supported the club’s London rivals Arsenal, and 23-time Grand Slam winner Williams are among the backers of the only British-led consortium in the running, Mark Kleinman first reported [...]

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