Major Arsenal sponsor sees former execs arrested on suspected $29m fraud – reports April 28, 2021 Top former executives at a firm that sponsors Premier League side Arsenal have been arrested on what police suspect to be a $29m fraud. News outlets in Turkey are reporting six former executives at GKFX have been arrested by Turkish police. Police are suspecting the executives were involved in embezzling $29m in client funds at [...]
Spotify founder Daniel Ek says he is “very serious” about Arsenal takeover interest and has secured the funds to make Stan Kroenke an offer April 28, 2021 Spotify co-founder Daniel Ek says he has secured the financial backing to make an offer for Arsenal. The Swedish billionaire, who is chief executive and part-owner of the music streaming platform, added that he was “very serious” about buying the Premier League football club. Ek also urged current Arsenal owner Stan Kroenke to listen to [...]
City Moves: Who’s switching jobs in the Square Mile this week? April 28, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Cazoo bolsters board after $7bn NYSE listing After its $7bn New York Stock Exchange listing through its AJAX merger, UK online car retailer Cazoo has confirmed that a new non-executive director [...]
Premier League set for TV cash boost after it agrees to renew £4.7bn contracts with Sky, BT and Amazon on same terms April 27, 2021 The Premier League is close to renewing its £4.7bn domestic broadcast contracts with Sky, BT and Amazon, according to reports. It has chosen a private sale to current partners on the same terms as existing deals rather than a traditional auction of the rights for 2022-2025, according to SportBusiness Media. The arrangement must still be [...]
IPL suffers spate of withdrawals, including Ravichandran Ashwin, as Covid-19 cases top 350,000 per day in India April 26, 2021 The Indian Premier League (IPL) has been hit by a series of player withdrawals amid growing concern about Covid-19 rates in the country. India off-spinner Ravichandran Ashwin became the most high-profile cricketer to walk away from the lucrative Twenty20 competition when he announced he was “taking a break” on Sunday. Australian trio Kane Richardson, Adam [...]
Thierry Henry, Dennis Bergkamp and Patrick Vieira join Spotify founder Daniel Ek in Arsenal takeover bid April 26, 2021 Spotify co-founder Daniel Ek has recruited Arsenal greats Thierry Henry, Dennis Bergkamp and Patrick Vieira to his attempt to buy the club. Ek, who is estimated to be worth £3.4bn, declared his interest in a takeover on Friday as thousands of Arsenal fans protested against current owner Stan Kroenke. The Swede is now working with [...]
Week in Sportbiz: Succession at Matchroom; PGA Tour’s $40m fame fund; taking knee banned at Tokyo 2020; India warms to The Hundred; NFL’s paint job April 23, 2021 It’s been a busy week for shifts in power at the top of sports organisations, splitting with old partners and signing megabucks new deals. Away from European football’s attempt to eat itself, Matchroom announced that founder Barry Hearn would be stepping down after 40 years at the helm. Matchroom Boxing boss Eddie Hearn is succeeding [...]
Screenshot: Is the Super League the biggest PR disaster of all time? April 23, 2021 This week **Media Moment of the Week: Radio loses a legend **Is the Super League the biggest PR disaster of all time? **Is Netflix’s pandemic party finally over? Media Moment of the Week: Radio loses a legend For many Brits, radio has been a much-needed source of entertainment (and company) during the pandemic. But long [...]
A significant skirmish in an intensifying war: How player power helped bring the European Super League to its knees April 23, 2021 James Milner seemed to speak for many Premier League players and managers when he said on Monday: “I don’t like it and hopefully it doesn’t happen.” The Liverpool midfielder was referring to the European Super League, the audacious and ultimately short-lived breakaway launched by 12 of Europe’s richest football clubs just hours earlier – including [...]
European Super League criticised for ‘unilaterally deciding future of women’s football’ without consultation April 22, 2021 Campaign group Women in Football has criticised the lack of consultation with the women’s game over the short-lived European Super League breakaway. Plans for the European Super League, the biggest shake-up in club football in living memory, stated that a corresponding women’s competition would follow but did not go into further details. The project unravelled [...]