PSG sign deal with Whoop as Qatar links grow Sport Business Paris Saint-Germain have announced a multi-year partnership with Whoop just days after the wearable tech firm was valued at $10bn following investment from a Qatari sovereign wealth fund. PSG’s parent firm, Qatar Sports Investments, is closely aligned with fellow state vehicle the Qatar Investment Authority, which this week joined Whoop’s $575m Series G fund raise […]
Chelsea suffer biggest financial loss in Premier League history Sport Business Chelsea have confirmed by far the biggest annual financial loss in Premier League history after they recorded a deficit of £262m last season. The figures surpass the previous record, the £197m loss made by Manchester City in 2010-11 during a period of rapid investment by their Abu Dhabi-based ownership. It also takes the amount lost […]
Bedford Blues chief: Champ Rugby clubs are investment opportunities Sport Business When the RFU Council approved plans that would ringfence Prem Rugby for a number of years and create what many described as a franchise league, it is fair to say there were critics. And there still are, with many of them within the second-tier Champ. But Prem Rugby may not be a closed shop forever, […]
Welsh Fire Hundred owner still in mix for $1.7bn Rajasthan Royals IPL team Sport Business The co-owner of The Hundred team Welsh Fire remains in the hunt for Indian Premier League franchise Rajasthan Royals despite a rejected $1.7bn bid, City AM understands. The Royals, who won the first season of the Indian Twenty20 competition in 2008, are one of two high-profile IPL teams currently up for sale. Royal Challengers Bengaluru, […]
Elior Champ Rugby deal may be good for clubs, but what’s the point? Sport Business It is great to see Champ Rugby get its first sponsor in six years this week, in catering company Elior UK; it signals a shift in appetite for the second tier of English rugby. It will be a good marketing tool for clubs, whose matches are broadcast on streaming platform Clubber TV, and it solidifies […]
LeBron, McIlroy, Ronaldo in $575m Whoop raise at $10bn valuation Sport Business LeBron James, Rory McIlroy and Cristiano Ronaldo are among a group of athletes part of a $575m raise that values wearable technology firm Whoop at $10.1bn. The Series G funding round, raising over $500m, is led by the likes of the Audi Formula 1 investors Qatar Investment Authority and Saudi Aramco Oil Pipelines stakeholders the […]
LeBron, McIlroy, Ronaldo in $575m Whoop raise at $10bn valuation Sport Business LeBron James, Rory McIlroy and Cristiano Ronaldo are among a group of athletes part of a $575m raise that values wearable technology firm Whoop at $10.1bn. The Series G funding round, raising over $500m, is led by the likes of the Audi Formula 1 investors Qatar Investment Authority and Saudi Aramco Oil Pipelines stakeholders the […]
LeBron, McIlroy, Ronaldo in $575m Whoop raise at $10bn valuation Sport Business LeBron James, Rory McIlroy and Cristiano Ronaldo are among a group of athletes part of a $575m raise that values wearable technology firm Whoop at $10.1bn. The Series G funding round, raising over $500m, is led by the likes of the Audi Formula 1 investors Qatar Investment Authority and Saudi Aramco Oil Pipelines stakeholders the […]
Premier League facing Easter weekend football blackout Sport Business The Premier League and Championship are set to voluntarily be without football over an Easter weekend for the first time this century. Football’s global governing body Fifa has modified the 2027 spring international break to include Good Friday and Easter Monday next March in a move that will hit the two top tiers of English […]