Explained: Why Cristiano Ronaldo’s Coke snub at Euro 2020 was not the cause of Coca-Cola’s share price drop June 17, 2021 Cristiano Ronaldo was credited with knocking $4bn off the value of Coca-Cola earlier this week when he snubbed the soft drink – but does the theory stack up? The Portuguese football superstar pointedly moved two bottles of Coke from his desk at a Euro 2020 press conference and instead held up a bottle of water, [...]
Russian boss of Gazprom-backed boxing body AIBA turns to man who lifted lid on Russian state-sponsored doping to lead corruption probes June 17, 2021 Richard McLaren, the Canadian law professor and sports investigator, is best known for exposing Russia for state-sponsored doping. So eyebrows were raised this week when it emerged that McLaren had been hired by one of Russia’s most powerful sports administrators. Umar Kremlev has called on McLaren Global Sports Solutions as part of his bid to [...]
US Open prize money 2021: How much can the stars of men’s golf win at Torrey Pines? June 17, 2021 US Open prize money reflects the event’s reputation as perhaps the most difficult of the four men’s majors. Whoever triumphs at Torrey Pines this week will take home a winners’ prize of $2.25m from a total pot of $12.5m. Those sums – frozen from last year – mean that US Open prize money remains the [...]
Britain’s strongest man to run 48 marathons in 48 English counties in 48 days June 16, 2021 John Clark plans to raise thousands of pounds for charity by running 48 marathons in each of England’s 48 counties in 48 days. The former international strongman, who was crowned Britain’s Natural Strongest Man in 2015 and 2016, is fundraising to support children living in food poverty. He will begin his challenge in Northumberland on [...]
Premier League clubs slip to record £1bn loss as Covid-19 hammers income from match days and broadcasters June 15, 2021 Premier League clubs suffered a record aggregate pre-tax loss of almost £1bn in 2019-20 as a result of Covid-19’s impact on football. The combined revenues of the 20 top-flight teams fell for the first time ever to £4.5bn, a drop of 13 per cent, according to Deloitte. A delay to the completion of the season, [...]
French Open prize money 2021: How much can tennis players win at Roland Garros? June 11, 2021 Tennis has been badly affected by the pandemic, and that is reflected in a further reduction in French Open prize money for 2021. The winners of the men’s and women’s singles titles at Roland Garros this weekend stand to earn €1.4m each. That is 12.5 per cent down on the payouts to Rafael Nadal and [...]
Week in Sportbiz: Ukraine told to change Russia-baiting Euro 2020 kit; Germany muscles in on London NFL patch; beIN and Channel 4 bag rights deals June 10, 2021 Euro 2020 may not have started yet but it has already kicked off between Ukraine and Russia. Ukraine tweaked the nose of Russia earlier this week when it revealed a Moscow-baiting new football kit, to be worn at Euro 2020. The yellow shirt features a map of Ukraine that includes Crimea, which Russia annexed in [...]
Six Premier League clubs fined £22m over failed European Super League project June 9, 2021 The Premier League has fined six English clubs who tried to join a breakaway European Super League a combined £22m. The rebel teams – Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur – will pay £3.67m each. But they face fines of £25m per club and 30-point deductions should they attempt a similar [...]
Debbie Hewitt to become first female chair of the FA as she leaves Restaurant Group June 8, 2021 Debbie Hewitt is set to become the FA’s first female chair, with the Restaurant Group confirming she will be leaving the same position at the hospitality firm this morning. Hewitt will leave the Restaurant Group – which owns Wagamama and Frankie and Benny’s – at the end of December 2021. Read more: FA Cup to [...]
Private equity giant CVC in talks to invest in OneTennis, a proposed merger between of the men’s ATP Tour and women’s WTA Tour June 7, 2021 CVC Capital Partners is in talks to buy a stake in a proposed new entity that combines the men’s and women’s tennis tours, according to reports. OneTennis would unify the ATP Tour and WTA Tour under one organisation, with CVC taking a minority shareholding in the new commercial vehicle. Approval for the merger could come [...]