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Sports money

  • First, England. Next, the world? Why those behind The Hundred have big ambitions

    March 21, 2022

    “Every successful brand in the world has to start somewhere, in one geography,” says Nick Sykes, global chief executive of FutureBrand, the company that developed the branding for The Hundred, English cricket’s newest tournament. “But if you look at sporting formats around the world, many of them have travelled geographies and there are large parts [...]

  • Tales from the Crypto: Will digital assets save sport sponsorship or prove a horror story?

    March 21, 2022

    When you think of US cable TV giant HBO, blockbuster drama series like Game of Thrones, The Sopranos and The Wire immediately spring to mind. One of the first major triumphs for the network, though, was Tales from the Crypt, a horror anthology inspired by a cult 1950 comic book series. The series was successful [...]

  • World’s richest football clubs: Manchester City top Deloitte Money League for the first time

    March 21, 2022

    Manchester City have been named the world’s richest football club in the latest edition of Deloitte’s Football Money League. City topped the list, which is based on revenue, for the first time after increasing their income to €645m (£571m) in 2020-21 – despite the effects of the pandemic. The Premier League champions climbed five places, [...]

  • Government puts ball in Chelsea’s court: sellers asked to nominate buyer and home for proceeds

    March 17, 2022

    The government is taking a hands-off approach to the sale of Chelsea as the Premier League club’s extraordinary auction enters its final few hours. Despite freezing Roman Abramovich’s assets and only allowing the club to operate within the parameters of a strict licence, the government has indicated that it will not get involved in assessing [...]

  • Lord Coe enters race to buy Chelsea from Abramovich and eyes seat on the board

    March 17, 2022

    World Athletics chief and long-time Chelsea fan Lord Coe has joined Sir Martin Broughton’s bid to buy the club. London 2012 boss Coe, 65, would take a seat on the club’s board if the consortium is successful, according to reports. Best bids are due in tomorrow with US bank the Raine Group, which is selling [...]

  • Christian Horner interview: ‘Red Bull put Formula 1 back on the map last year’

    March 16, 2022

    The dust is still settling on last year’s rancorous Formula 1 season as a new one is about to begin in Bahrain this weekend but Oracle Red Bull Racing boss Christian Horner is keen to put the acrimony with Mercedes and opposite number Toto Wolff behind him. Well, mostly. Three months on from a hugely [...]

  • Chicago Cubs owners the Ricketts family confirm bid for Chelsea with hedge fund boss Ken Griffin

    March 16, 2022

    The owners of Major League Baseball’s Chicago Cubs, the Ricketts family, have confirmed they plan to bid for Chelsea Football Club. The Ricketts family have formed a consortium with billionaire hedge fund manager Ken Griffin to make an offer this week, Sky News reported. “The Ricketts Family, owners of the Chicago Cubs, can confirm they [...]

  • Women’s tennis chief ‘strongly’ opposed to bans for Russian and Belarusian players over Ukraine

    March 16, 2022

    Steve Simon, the head of elite women’s tennis tour the WTA, says he “feels very strongly” that players from Russia and Belarus should not be prevented from playing because of the invasion of Ukraine. It comes after UK government ministers said assurances should be sought from Russian players that they do not support Vladimir Putin [...]

  • FA to consider Chelsea appeal to play Middlesbrough cup tie behind closed doors

    March 15, 2022

    The Football Association has said it will consider Chelsea’s request for Saturday’s FA Cup tie at Middlesbrough to be played behind closed doors. Chelsea appealed to the FA after being denied permission to sell further tickets to its travelling supporters under the terms of its special licence from the government. The Premier League club said [...]

  • Australian Cameron Smith lands golf’s biggest 72-hole payout with £2.8m Players win

    March 15, 2022

    Australian Cameron Smith claimed record prize money for an 72-hole golf event of $3.6m (£2.8m) with victory at a weather-delayed Players Championship in Florida. The payout at the PGA Tour’s flagship tournament is bigger than that on offer at any of the four men’s majors or the DP World Tour’s lucrative finale in Dubai. Smith [...]

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