By: Matt Hardy

Deputy Sports Editor - City AM Matt Hardy is the City AM Deputy Sports Editor with a specialism in the business of sport. He covers the likes of rugby, cricket, sporting investment and venture capital funds; while also being across golf, cricket, and the politics of sport.

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Streaming overtakes traditional sports broadcasting, spending $12.5bn in 2025

October 29, 2025

Streaming has overtaken traditional broadcast and cable TV viewing as its biggest players have increased investment in sports rights, according to a new report. Platforms such as Dazn have pumped significant funds into showing live sport, with the sector as a whole spending $12.5bn in 2025, up 25 per cent on last year. Streaming’s share [...]
America’s Cup chaos as US entry withdraws two days before deadline

October 29, 2025

US sailing team American Magic has withdrawn from the next America’s Cup after British entry Athena and holders New Zealand signed a new commercial deal. American Magic, whose founders include Indianapolis Motor Speedway owner Roger Penske, cited issues with the present structure, insisting it “does not provide the framework for American Magic to operate a [...]
NRL and Super League hold talks over rugby stake sale

October 28, 2025

Rugby league discussions took place in London that could be instrumental in seeing the NRL purchase a stake in the Super League. Andrew Thirkill, Simon Moran and Mike Danson – owners of Hull FC, Warrington Wolves and Wigan Warriors – were reportedly part of the discussions with Australian Rugby League Commission chair Peter V’Landys and [...]
Investigation finds 150 referees with betting accounts, one individual placed 18,000 bets

October 28, 2025

A five-year investigation into referees found that over 150 were actively gambling, with one individual allegedly placing over 18,000 bets. Turkey’s football federation chief Ibrahim Ethem Haciosmanoglu claimed the half-decade investigation into officials in the country found that 371 of 571 match officials have gambling accounts with 152 of those currently active. He revealed at [...]
Chelsea co-owner Boehly part of $10bn NBA deal for LA Lakers

October 28, 2025

Todd Boehly is part of the $10bn deal to buy the LA Lakers alongside Chelsea co-owner Mark Walter. Walter had agreed to purchase a majority stake in the NBA side earlier this year in a deal that would value the franchise at $10bn. But Front Office Sports reports that Chelsea consortium frontman Boehly is part [...]
Barbarians: Inside rugby team playing All Blacks in London this weekend

October 28, 2025

The Barbarians are taking on an All Blacks XV this weekend at Premier League club Brentford’s Gtech Community Stadium in London. Rugby’s financial structure is bizarre at the best of times: on one hand you’ve got teams playing every week struggling to make ends meet, and on the other hand you’ve got the British and [...]
Exclusive: Reeves risks Black Market Britain with gambling tax hike

October 27, 2025

Chancellor Rachel Reeves risks creating “Black Market Britain” if next month’s Budget sees significant tax raids on the gambling sector. Industry insiders have warned of the potentially catastrophic impact on bookmakers and gambling firms if levies on betting and online slot machines are hiked in line with recommendations by former Prime Minister Gordon Brown. The [...]
Exclusive: Cleo founder Hussey-Yeo to head fan bid for Sheffield Wednesday

October 27, 2025

The founder of fintech unicorn Cleo, Barney Hussey-Yeo, has offered to front a bid to buy struggling Championship club Sheffield Wednesday, City AM can reveal. The Sheffield-born data scientist will invest his own capital as part of a bid that would involve other wealthy Owls fans, as well as the wider community if necessary, to [...]
Baller League chief: $100m cheque won’t get me to talk to you

October 26, 2025

The man behind Baller League has said a $100m cheque will not be enough to buy a seat at its investment table. The indoor, six-a-side football competition, was founded in Germany but has since moved to the United Kingdom with plans to expand Stateside. The likes of Mats Hummels and Lukas Podolski were early Baller [...]
Test Twenty: The cricket format looking to find stars of tomorrow

October 25, 2025

As the amount of cricket increases again, those behind Test Twenty explain the business behind backing youth. Some would argue there’s enough cricket in the world, others would debate that we’ve got far too much. It often seems like a month cannot go by without a World Cup here or Test series there, but Gaurav [...]

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By: Matt Hardy

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