F1: McLaren stake sale values team at record $5bn September 3, 2025 McLaren’s 30 per cent stake sale values the Formula 1 team at north of $5bn, according to sources close to the deal. Majority shareholders Mumtalakat, the Bahraini sovereign wealth fund, and UAE-based investment group CYVN Holdings this week completed the purchase of all shares they did not already own to acquire 100 per cent of [...]
Formula 1’s popular F1 Arcade signs first franchise deal after $130m raise September 3, 2025 Formula 1’s popular F1 Arcade product has this morning announced its first franchise agreement, with the viewing and gaming hub set to hit the Iberian Peninsula. F1 Arcade’s flagship location is at One New Change in St Paul’s, but the Formula 1 affiliated experiential hospitality offering also has sites in Birmingham, as well as Boston, [...]
Formula 1 profits sustainable despite cap increase, says Mercedes team CFO September 3, 2025 Mercedes-AMG Petronas F1 Team CFO Russell Braithwaite on maintaining profitability in Formula 1 amid cost cap changes and how the team’s partnership with SAP will help. Formula 1’s cost cap has helped to herald a new era of profitability, with strict limits on spending allowing teams to generate a surplus from the sport’s explosion in [...]
Paqueta phone celebration raises eyebrows at FA as judgement looms September 3, 2025 The Football Association is expected to publish the independent commission’s full judgement in the acquittal of Lucas Paqueta on spot-fixing charges imminently, days after spotting a possible double meaning in his goal celebration during West Ham’s win at Nottingham Forest on Sunday. After converting a penalty, the Brazilian mimed receiving a phone call and then [...]
Exclusive: England ready to halt cricket ODI over emergency alert test September 2, 2025 England’s cricket team are ready to pause their ODI match against South Africa on Sunday to observe the government emergency alert test, City AM can reveal. The UK government will be testing its alert systems, which will cause a loud noise on all 4G and 5G phones and tablets on Sunday at 3pm regardless of [...]
Apollo Global Management to launch £3.75bn sport investment vehicle September 2, 2025 New York-based Apollo Global Management is reportedly planning to launch a £3.75bn investment vehicle focused on sport. The firm, which has around £600bn in assets under management, is set to invest permanent capital into sport for the first time with the new fund. Having previously held talks with LaLiga club Atletico Madrid about acquiring a [...]
Premier League clubs spend more than European rivals combined September 2, 2025 Premier League clubs highlighted the growing financial gap between English football and its rivals during the summer transfer window, spending more than the other members of the so-called Big Five combined. Teams collectively spent £3bn gross, a record sum for the division and 51 per cent of the aggregate total invested by the Big Five, [...]
British and Irish Lions tour clears £30m Rugby Australia debt September 2, 2025 Revenue generated by the British and Irish Lions rugby tour to Australia has helped the hosts to be debt-free for the first time since 2021. The nine-match, three-Test tour Down Under allowed Rugby Australia to pay off the £30m it owed Pacific Equity Partners having taken out a £39m loan in 2023. It is the [...]
Moshiri to Friedkin: Inside Everton’s Hill Dickinson Stadium deal September 2, 2025 Proud Everton fans very nearly walked into a brand new arena called the MoneySuperMarket Stadium. Alas, the Toffees now call the Hill Dickinson Stadium home. The international commercial law firm’s roots are entrenched on the banks of the River Mersey, but the search for a title sponsor for the Premier League’s newest stadium was a [...]
Premier League spending hits £3bn for first time on busy deadline day September 1, 2025 Records look set to tumble as Liverpool near the £125m signing of Alexander Isak from Newcastle United, taking Premier League summer spending to £3bn. A flurry of activity on transfer deadline day saw the majority of top-flight clubs close in on last-minute deals before business closes at 7pm. Spending was set to breach the £3bn [...]