Chelsea fined £10m, avoid points penalty and receive Mykhailo Mudryk boost Sport Business Chelsea have been fined a further £10m by the Football Association but avoided a points deduction after admitting more than 70 charges of breaking financial rules. The breaches took place under the previous ownership of Roman Abramovich and related to secret payments to agents, including in the signings of Eden Hazard, Willian and Samuel Eto’o. [...]
Swansea buck gambling trend as Snoop Dogg’s club sign green wellness brand Sport Business Snoop Dogg’s English football club has announced a green wellness brand as its front-of-shirt sponsor, bucking a trend of Championship clubs siding with gambling firms. Swansea City – part owned by Snoop, footballer Luka Modric and American businesswoman Martha Stewart – will play in the Championship with gut health firm AG1. The wellness brand – [...]
Everton Friedkin Group owners inject £38m, reportedly to pay Burnley Sport Business Everton owners The Friedkin Group have injected £38m into the club, reportedly to cover compensation owed to Burnley. The club was deemed to owe Burnley close to £40m after a landmark ruling earlier this year but the Premier League Independent Disciplinary Commission after the Clarets successfully argued that the Toffees’ breach of Profitability and Sustainability [...]
Spreadex Sports Review 2026: Bet £10 Get £50 in Free Bets July 30, 2026 Spreadex is one of the more unusual names in UK sports betting, combining a traditional fixed-odds sportsbook with sports spread betting under one roof. In this Spreadex review, we take a closer look at the Spreadex sign up offer, walking through how new customers can claim £60 in free bets, what the site offers across [...]
Premier League agree EFL funding deal which could be worth £1.5bn July 30, 2026 Premier League clubs have agreed for a new funding proposal to be put to the EFL, which could be worth £1.5bn. The agreement was decided upon on Thursday and was unanimous, with the Premier League stating that the deal is “long-term”, according to PA. Sky Sports previously said the deal will cover the next decade. [...]
Meet the 33-year-old British former IPL boss changing Indian basketball July 30, 2026 Ahead of the launch of the Indian Basketball League, City AM sat down with the 33-year-old Brit tasked with taking on cricket and kabaddi Jake Lush McCrum is not your run-of-the-mill sports executive. Despite being just 33, the Brit is nearly a decade into senior leadership in sport. But he hasn’t worked his way up [...]
Adidas shares plunge after hike in World Cup marketing spend July 30, 2026 Adidas shares sank this morning after the sportswear behemoth missed quarterly profit expectations amid a hike in World Cup marketing spend. Shares in the German firm opened more than 15 per cent down after missing second quarter profit expectations. The dent came despite revenues rising 14 per cent to £5.7bn but the firm maintained its [...]
Investors – and fans – should welcome Fifa’s $20 billion World Cup stake sale July 29, 2026 Ignore the outcry, Fifa’s plans to sell a minority stake in the World Cup will make international football more transparent and accountable and raise huge sums to develop the game, says Chad Teixeira Football’s governing bodies agree on almost nothing, so when UEFA announces that the World Cup “isn’t Fifas to sell”, it’s worth asking [...]
Bumper IPL takeovers boost T20 cricket franchise league’s value to over $20bn July 29, 2026 Multiple blockbuster team sales have boosted the Indian Premier League’s business value to more than $20bn, according to a new report by global investment bank Houlihan Lokey. The IPL’s value has increased more than 11 per cent year-on-year to $20.6bn following the takeovers of franchises Royal Challengers Bengaluru for a record $1.78bn and Rajasthan Royals [...]
Overseas games: Will World Cup success force Fifa’s hand over divisive issue? July 29, 2026 Fifa’s staging of the World Cup in North America may have been a massive commercial win, but it might also have ramped up the pressure on world football’s governing body to make a decisive call on one of the game’s most contentious issues: domestic leagues taking matches to more lucrative overseas locations. The biggest ever [...]