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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US investors buy stakes in Liga MX’s Club America and Azteca Stadium in $490m enterprise value deal

December 24, 2025

US investors have purchased stakes in Mexican football team Club America and the iconic Azteca Stadium in a $490m enterprise value deal to go into Mexican football just months before the 2026 Fifa World Cup. In a joint statement to the Mexican stock exchange — Bolsa Mexicana de Valores (BMV) — a new entity known as [...]
Premier Padel Tour heading to major London venue in 2026

December 18, 2025

The Premier Padel Tour will head to London for the first time next August as the sport continues to grow across Britain. A venue has not yet been confirmed but City AM understands that Olympia in Kensington is the overwhelming favorite. It is part of a multi-year deal to bring a leg of the Premier [...]
Beckham and Neville sell stake in Salford City FC to US giants

December 18, 2025

AIG has become the largest shareholder in Salford City FC after the Gary Neville and David Beckham co-owned club sold a stake to the finance and insurance giant. The League Two club has sold a stake to the American firm in a deal that will see AIG become a strategic partner as well as largest [...]
Why private capital could make this the last Ashes series as we know them

December 18, 2025

This is likely to be the last Ashes as we know it; but not because England might finally win a series down in Australia, or because the format is suddenly about to change. By the time the iconic bilateral series returns for its 75th iteration in 2027, it will be against the backdrop of a [...]
Cornish Pirates: We will kick door down to reach franchised Prem Rugby

December 18, 2025

The chief executive of Cornish Pirates insists she is ready to “kick the door down” to get her Champ side into Prem Rugby if the top flight becomes a ringfenced franchise league. Prem Rugby and the Rugby Football Union are exploring a franchise model which would see the current 10 teams form a new ring-fenced [...]
Exclusive: SailGP to target teams in India and South Korea

December 17, 2025

SailGP will target teams in India and the Middle East and races in Hong Kong and Italy as the Formula 1 of sailing breaks the $200m revenue mark. Record attendances, including 20,000 at the UK leg, have driven record revenues in SailGP’s fifth season, with founder tech tycoon Larry Ellison able to scale back funding [...]
Aussie Green reaches record IPL auction sale price

December 16, 2025

Australian Cameron Green has been sold for £2.1m at the Indian Premier League auction to become the most expensive overseas cricket player in history. The all-rounder will play for Ramandeep Singh’s Kolkata Knight Riders in the 2026 IPL competition having been purchased for 25.2 crore by the eastern team. The Kolkata Knight Riders, whose 2024 [...]
Premier League clubs count £1bn cost of injuries

December 16, 2025

Premier League clubs have forked out more than £1bn in wages to injured players across the last five years, a new study has found. Since the start of the 2020-21 season, 5,367 injuries in the English top flight have cost its clubs £1.2bn in salary payments – equivalent to a quarter of their matchday revenue [...]
Padel match booking firm raises £4.5m in major fund raise

December 16, 2025

Major padel match booking app Playtomic has raised €5.1m from an investment raise which will see thousands of players become shareholders. The big-money fund raise closed this month with more than 4,600 investors buying into the social padel service to the tune of £4.5m. The fund was organised through private equity market investment platform Crowdcube, [...]
WTA and Mercedes-Benz pen decade-long deal said to be worth $500m

December 10, 2025

The WTA (Women’s Tennis Association) has penned a decade-long partnership agreement with Mercedes-Benz believed to be worth as much as $500m (£376m). The deal, announced at the Mercedes factory in Stuttgart with WTA co-founder Billie Jean King and 20-time grand slam winner Roger Federer in attendance, will see the automotive behemoth become a “premier partner” [...]

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By: Matt Hardy

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