By: Matt Hardy

Deputy Sports Editor - City AM Matt is the Deputy Sports Editor covering sport, the business of sport and the politics of sport. He covers the likes of football, rugby, cricket, Formula 1, golf and tennis.

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Crystal Palace valued at £900m and hire Raine Group to explore investment or sale

Sport Business

Crystal Palace’s owners have valued the club at £900m and hired the Raine Group to field interest in investment or a possible sale, multiple sources have told City AM. The £900m figure is more than double the valuation at which Woody Johnson acquired 43 per cent of the south London club a little over a [...]
Shock boardroom shake-up as Sunderland chief exits

Sport Business

Sunderland have parted company with interim chief executive Tom Burwell in a shock move after just five months as the Black Cats’ top man. The club said their majority owner, 29-year-old Kyril Louis-Dreyfus, will take charge of day-to-day operations at Sunderland, who this year are playing in the Europa League. Burwell’s abrupt departure comes 24 [...]
London Broncos owner: We can replicate Wakefield in Super League

Sport Business

On Saturday, Wakefield Trinity won a Super League title for the first time since 1968, completing a fairytale return to glory following a takeover by local businessman Matt Ellis just three years ago. Their route to Old Trafford began in the Championship and concluded at the weekend in front of 74,000 fans. It is a [...]

London is running out of development land for sport teams to build stadiums on

October 2, 2026

One of London’s greatest assets is its varied and wide-ranging sports scene; six Premier League football clubs, many further down the pyramid; iconic rugby, tennis and cricket grounds; indoor arenas as far as the eye can see. But with success comes a desire to expand and grow. Chelsea are actively assessing options for a new [...]
Nike: Shares fall, S&P 100 ejection and Mbappe out

October 2, 2026

Nike shares continued to fall this week after the sportswear giant warned of a decline in revenue over the coming year. The American firm, fresh off the back of news that it would be ejected from the S&P 100, adjusted its share price amid a mixed first fiscal quarter. Its statement comes alongside layoff warnings [...]
Everton owners The Friedkin Group part of £850m mega stadium redevelopment

October 1, 2026

Owners of Premier League club Everton, The Friedkin Group, are spending around £850m on a major new stadium that is set to host matches at the 2032 Euros. The Friedkin Group, who purchased Everton in 2024 from Farhad Moshiri, will pump around £500m into a new 60,000-capacity capital city stadium with additional funds for urban [...]
MSG Sport to spin New York Knicks and Rangers into NYSE-listed firms

October 1, 2026

Directors at Madison Square Garden Sports Corp have approved plans to spin off the organisation’s New York Rangers and New York Knicks franchises into separate public firms. The move will make the NBA-winning New York Knicks the first publicly traded basketball team in nearly a quarter of a century. The New York Knicks NBA spin-off [...]
NFL cut ticket prices to fill Tottenham Hotspur Stadium

September 30, 2026

The NFL has cut ticket prices for this weekend’s fixture between the Indianapolis Colts and Washington Commanders in a bid to fill the Tottenham Hotspur Stadium. Some high-end category seats at Sunday’s game – the first of three across London in October – have been reduced to less than £80 each. It follows concerns that [...]
Ashes tickets expensive, admits ECB chief Gould

September 30, 2026

The CEO of the England and Wales Cricket Board has admitted that tickets to the next Ashes series in 2027 are expensive. Fans will be forced to fork out hundreds of pounds to watch Australia’s Test tour to England next summer, with Edgbaston hiking prices by over 40 per cent when they host the Baggy [...]
Prem Rugby extends deal with trading platform Etoro

September 30, 2026

Trading platform Etoro has extended its partnership with Prem Rugby as it solidifies its growing status within sport. The agreement began in 2023 but a fresh extension will see the deal extend into a fourth season, with the firm sponsoring the league’s predictor activation across social media. It is also the league’s official coin-toss partner [...]

Since SpaceX’s debut, hopes of a blockbuster IPO season have ground to a halt

Crystal Palace valued at £900m and hire Raine Group to explore investment or sale

London Film Festival 2026: everything you need to know

By: Matt Hardy

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