Record £3.2bn in private equity deals for sports teams as funds target football, rugby and F1 November 22, 2021 The last twelve months saw a record £3.2bn of sports team acquisitions by private equity funds, almost treble last year’s total, as they targeted football, rugby and Formula 1 teams, according to new data shared with City A.M. this afternoon. Last year saw an all-time high of 11 PE purchases of stakes in sports teams [...]
Georgia on my mind: The business of rugby November 22, 2021 Fans back packing stands, pints flowing, and roofs being raised. International rugby’s back and, as the inaugural Autumn Nations Series draws to a close, the on-pitch balance of power between the hemispheres seems delicately poised. Away from the pitch though, tensions exist as to the direction the sport should take post-pandemic. A tough 2020 for [...]
Lilian Thuram: Gareth Southgate sets a good example of what white people can do November 20, 2021 A bespectacled Lilian Thuram reaches for a map of the world and turns it upside down to illustrate his point. France’s most capped footballer is sitting at the desk of his office for this video interview, his studious appearance and the shelf full of books behind him indicating the direction he has taken since retiring [...]
Ollie Phillips: The Boks play simple, boring rugby, but winning is winning November 19, 2021 In tomorrow’s match with South Africa, England have their hardest test. Why? Because they know exactly what they’ll be coming up against. The Springboks don’t often play exciting rugby – it’s simple, boring rugby. They try to bully you, outmuscle you and, when in doubt, send the ball skyward and harass the catcher. It’s not [...]
Premier League on rocky road with plans to regulate sponsorship deals in wake of Newcastle takeover November 18, 2021 The recent takeover of Newcastle United by the Saudi Arabia’s Public Investment Fund created quite a storm – both in the media and, according to reports, the other Premier League clubs. Since the introduction of so-called financial fair play regulations at the start of season 2013-14 – known as the Profitability and Sustainability Rules in [...]
Chelsea Digital Ventures: The tech business spun out of a football club November 17, 2021 Look closely next time Romelu Lukaku or Pernille Harder takes a mid-match drink and you may notice something that marks Chelsea out from other football clubs. Because instead of taking a swig from a bottle of Lucozade, or another well known sports hydration brand, players at the west London club have their own in-house product. [...]
The virtual metaverse requires very real-world regulation November 10, 2021 Regulators tend only to emerge in the spotlight of public scrutiny when something goes wrong. FCA bosses have spent the last couple of years being wheeled in front of Select Committees to explain the colossal cock-ups that led to the London Capital & Finance minibond scandal – including its former boss Andrew Bailey, who despite [...]
The virtual metaverse requires very real-world regulation November 9, 2021 Regulators tend only to emerge in the spotlight of public scrutiny when something goes wrong. FCA bosses have spent the last couple of years being wheeled in front of Select Committees to explain the collossal cock-ups that led to the London Capital & Finance minibond scandal – including its former boss Andrew Bailey, who despite [...]
PA Awards 2021 November 8, 2021 Behind every great business person is an exceptional PA, EA or VA. City A.M. is once again celebrating those Personal, Executive and Virtual Assistants in a unique ceremony at Bob Bob Ricard in the heart of the Square Mile on Tuesday 7th December. This year’s event promises to be bigger and better than ever, with more [...]
JD Sports instructed to sell Footasylum after competition concerns November 4, 2021 The competition watchdog has instructed JD Sports to sell Footasylum. The Competition and Markets Authority said that the takeover could lead to a worse deal for Footasylum’s customers. As Footasylum would no longer face competition from JD Sports, customers would have fewer options and could face higher prices, fewer discounts, and less choice of products [...]