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 [...]
Public sector borrowing surges to record high April 23, 2021 Public sector borrowing surged to a record high in the past year after a huge rise in spending and tax cuts amid the pandemic. The UK Government borrowed £303.1bn in the last year, an increase of £246bn on the previous year, according to figures from the Office of National Statistics (ONS). As a ratio of [...]
Law firms are at risk of falling behind in the race for innovation April 23, 2021 “Move fast and break things” is one of the better known corporate mantras. The company which coined it – Facebook – has achieved incredible growth in living by it. It is not the only way for businesses and industries to grow. The legal services industry, worth $650bn globally, continues to grow at 4 to 6 [...]
Greensill: David Cameron made multiple attempts to lobby Bank of England April 22, 2021 David Cameron made multiple attempts to lobby Bank of England (BoE) officials over allowing collapsed financier Greensill access to the bank’s Covid Corporate Financing Facility (CCFF) scheme. Documents obtained by Freedom of Information request show that Cameron contacted officials five times in total over the “incredibly frustrating” issue. It is the latest saga in a [...]
City of London’s new “Justice Quarter” gets the go-ahead April 22, 2021 New civic development will provide Crown, Magistrates, County and Civil Courts and a new City of London Police HQ, built to tackle national fraud and economic crime. Designed to last at least 125 years, the development will drive recovery and growth in the Square Mile and beyond, ensuring that the City retains its global position [...]
Greensill’s parent company enters liquidation April 22, 2021 Greensill Capital’s Australian business, which collapsed last month with debts of A$4.9bn, has entered liquidation. Administrator Grant Thornton said creditors had voted by 23 to zero, with a handful of abstentions, to liquidate the parent company of the disgraced supply chain firm. “As of today, the company is now in liquidation,” Grant Thornton said. “The [...]
HSBC hires former Wells Fargo lead as its new head of global banking April 22, 2021 HSBC has hired the former executive vice president of Wells Fargo as its new head of global banking in Europe based in the capital. Stepping into the role on 15 July, Lisa McGeough joins HSBC from the California-based bank after 15 years, most recently serving as both executive vice president and head of international. McGeough [...]
Manage the risks of crypto, and you can reap the rewards April 22, 2021 Mark Robinson, insurance expert with Verlingue, explains how to manage the risks associated with cryptocurrency.