Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Former JPMorgan investment banker launches European sports fund Sport Business A former JPMorgan investment banker has teamed up with the former managing director of Eurosport to launch a new European sports fund. Athvance Capital has launched as a “European investment platform fully dedicated to unlocking long-term value across the global sports industry”. Capital, according to the firm, has already been deployed across Padel Copa as […]
Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals Sport Business
Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals Sport Business An expanded and more lucrative Champions League has helped Real Madrid, Barcelona, Bayern Munich and Paris Saint-Germain all earn more than any Premier League club last season, according to the latest Deloitte Football Money League. Real Madrid stayed top of the annual rich list with record-breaking revenue of €1.2bn (£975m), ahead of LaLiga rivals Barcelona […]
Exclusive: Leicester Tigers and DCMS face scrutiny over £6m Covid loan renegotiation Sport Business Leicester Tigers and DCMS are facing questions after they altered the repayment terms of the club’s £6m Covid-19 loan to interest-only until 2028. The change, which only emerged in the Prem Rugby club’s most recent financial accounts, casts further doubt on DCMS’s chances of recouping its £474m lending to sporting and cultural bodies – raising […]
Reliable investment Formula 1 not yet reached value maturity Sport Business Formula 1 has not yet reached value maturity and can be considered one of the most reliable investments in sport, according to the former head of sports at Goldman Sachs. The premium motorsports series has gone through a major ownership shake-up, with stake sales across the grid seeing team valuations skyrocket. And Elis Jones, former […]
Brooks Koepka return puts PGA Tour and LIV Golf back on collision course Sport Business Brooks Koepka’s return to the PGA Tour shows that it and LIV Golf are back to being rivals again, says former European Ryder Cup captain Paul McGinley. The PGA Tour this week confirmed it had accepted Koepka’s application to rejoin the circuit and opened the door for other high-profile LIV Golf defectors Bryson DeChambeau, Jon […]
England cricket chiefs refusing to let counties blow Hundred cash on wages Sport Business The England and Wales Cricket Board is at loggerheads with a number of counties who are growing increasingly frustrated at delays in accessing the proceeds from the £520m sale of stakes in the eight Hundred franchises last year. While the ECB have already distributed tens of millions of pounds from the sale to counties with […]