Surj leads £30m investment in T100 to bolster Saudi Olympic ambitions Sport Business Saudi Arabia’s Surj Sports Investment has backed T100 to be the “growth engine” for triathlon after leading a £30m funding round in its parent organisation, the PTO. Surj, an arm of the Public Investment Fund (PIF) with stakes in Dazn, the Professional Fighters League and Kings League, was the biggest backer of the PTO in [...]
BBC facing fight to retain £60m Wimbledon broadcast rights Sport Business The BBC faces the prospect of having to significantly increase its rights fee to the All England Club to extend their exclusive coverage of Wimbledon beyond 2027 amid increased competition for tennis amongst broadcasters. While Wimbledon’s status as a Category A “crown jewel” event means live coverage has to remain available on free-to-air channels, the [...]
Paris 2024 Olympics was watched by 5bn, claims IOC Sport Business The Paris 2024 Olympic Games were the most-watched in history, according to the International Olympic Committee (IOC). The IOC said 5bn people – 84 per cent of the world’s population – watched action from France last summer on TV or digital devices. In Britain, 36.1m people – 59 per cent of the population – watched [...]
Sam Renouf: From athlete to CEO and City AM Triathlon Team Challenge June 12, 2025 The CEO of the Professional Triathletes Organisation (PTO), Sam Renouf, on his journey from athlete to founder and launching the City AM Triathlon Team Challenge. Sam Renouf knows exactly when he realised he had to give up on his dream of becoming an Olympic champion. A rising star in the British triathlon set-up, the 21-year-old [...]
Premiership Rugby taps Raine and Deloitte as investors circle June 11, 2025 Premiership Rugby Limited (PRL) has engaged the Raine Group and Deloitte to manage potential investment in the competition or some of its clubs. Premiership Rugby is attracting inquiries from American investors looking to buy into English sport following the recent influx of purchasers of Premier League and EFL clubs, with interest expected to grow ahead [...]
Alcaraz French Open final win earns TNT Sports record viewing figures June 10, 2025 Carlos Alcaraz’s thrilling French Open fightback over Jannik Sinner on Sunday produced the UK’s highest ever viewing figures for a Roland Garros final on TNT Sports or predecessor Eurosport. City AM has learned that TNT Sports’ audience reach was over 1m as Alcaraz closed in on his stunning fifth-set tie-break victory over the world No1, [...]
TNT Sports loses almost £190m since BT Sport rebrand April 25, 2025 TNT Sports, the broadcasting giant co-owned by BT and Warner Bros Discovery, lost almost £190m during its latest financial year, it has been revealed. The business, which rebranded from BT Sport in 2023, has posted a pre-tax loss of £187.5m for the 12 months to 31 July, 2024, new accounts filed with Companies House show. [...]
Warner Bros Discovery and UCI bin Track Champions League March 24, 2025 The Track Champions League cycling format has been binned after just four years as the sport looks to focus on a new Track World Cup. The series began in 2021 thanks to a partnership between the sport’s governing body the International Cycling Union and broadcaster Warner Bros. Discovery. But it has been ditched, with the [...]
T1 Indoor Triathlon World Cup: The endurance race done in 10 minutes March 22, 2025 You’ve heard about the four-minute mile, but what about the 10-minute triathlon? That’s the order of the day tonight in Lievin, northern France, where the first T1 Indoor Triathlon World Cup is due to take place. The short-course event consists of a 200m swim, 2.8km cycle and 1km run and, uniquely, all takes place in [...]
PTO: Niche fund Cordillera pours £8m into triathlon March 18, 2025 The Warner Bros Discovery-backed Professional Triathletes’ Organisation (PTO), which runs the elite T100 Triathlon World Tour, has attracted a $10m (£7.7m) injection from niche US fund Cordillera Investment Partners. San Francisco-based Cordillera has $1.6bn (£1.2bn) under management and specialises in “non-correlated assets” such as whiskey, boat marinas and carbon credits. It joins broadcaster Warner Bros [...]