Week in Sportbiz: Formula 1 takes the pain; Budweiser buys NBA rights; watch every PGA Tour shot; World Rugby’s bad timing; squash, the great survivor March 4, 2021 “Our goal was to try and take the pain in 2020,” Greg Maffei, president of Formula 1 owners Liberty Media, told investors this week. Maffei can consider that mission accomplished after Liberty laid bare the devastating effect of the pandemic on F1’s finances last year. F1 slipped from a $17m profit in 2019 to a [...]
Cricket, horse racing, tennis and women’s football set to benefit from £300m summer sport aid package March 3, 2021 Sport is to receive a £300m recovery package as part of the Budget announced by Chancellor Rishi Sunak today. Cricket, horse racing, tennis, women’s football and rugby league are expected to be among the sports to benefit from the financial support. It follows similar aid granted to winter sports in November to mitigate the cost [...]
England Netball chief Fran Connolly on the sport’s huge growth, plans to professionalise, and interest from private investors February 20, 2021 Few sports can have had their momentum checked by the pandemic quite like netball in the UK. A decade of extraordinary growth in which participation doubled and exposure at elite level reached unseen heights was jeopardised when Covid-19 hit, forcing a premature end to the Superleague season and halting grassroots netball. Almost a year on, [...]