London is running out of development land for sport teams to build stadiums on Sport Business One of London’s greatest assets is its varied and wide-ranging sports scene; six Premier League football clubs, many further down the pyramid; iconic rugby, tennis and cricket grounds; indoor arenas as far as the eye can see. But with success comes a desire to expand and grow. Chelsea are actively assessing options for a new [...]
MSG Sport to spin New York Knicks and Rangers into NYSE-listed firms Sport Business Directors at Madison Square Garden Sports Corp have approved plans to spin off the organisation’s New York Rangers and New York Knicks franchises into separate public firms. The move will make the NBA-winning New York Knicks the first publicly traded basketball team in nearly a quarter of a century. The New York Knicks NBA spin-off [...]
Exclusive: Battersea Power Station rules out building NBA Europe stadium Sport Business Battersea Power Station chiefs have categorically ruled out suggestions that London’s NBA Europe team could build its home basketball arena on the site. The capital remains at the centre of a bidding war for an NBA franchise, with interested parties reported to include former Tottenham Hotspur chief Daniel Levy, current Spurs majority shareholders the Lewis [...]
Crystal Palace owner Blitzer part of £1bn mega stadium redevelopment September 10, 2026 Co-owner of Premier League club Crystal Palace, David Blitzer, is part of a group spending around £1bn on a major new stadium that his team will share with another club. The American, who became the first investor to hold stakes in the big five North American leagues – MLS, MLB, NFL, NHL and NBA – [...]
Arsenal owner Kroenke takes total US franchise spend this summer to £23bn September 2, 2026 Nearly £23bn of US sports franchises were sold across the summer after Arsenal owner Stan Kroenke purchased the Los Angeles Angels. The surprise purchase – a MLB record at £2.97bn – ended a summer of spending across North America which included basketball, NFL and women’s football. Kroenke’s sporting portfolio now puts the Angels alongside Premier [...]
Liverpool and LA Lakers deals set new bar for sport investment August 21, 2026 In one week Fenway Sports Group (FSG) sold 38 per cent of Liverpool to a consortium led by Amit Bhatia that also includes Jeff Bezos and Eduardo Saverin at a £5.5bn valuation, and former Disney chief Bob Iger and Donald Trump-linked Josh Kushner agreed to buy the LA Lakers for £9bn. These deals are massive, [...]
Trump-linked Kushner and ex-Disney boss to buy £9bn LA Lakers from Chelsea co-owner August 12, 2026 Josh Kushner, the Donald Trump-linked figure at the centre of the Fifa sell-off row, is to buy NBA’s LA Lakers from Chelsea co-owner Mark Walter in a £9bn deal. Walter purchased the Lakers for £7.4bn in October last year but is set to see a bumper return on his investment when Kushner – brother to [...]
Meet the 33-year-old British former IPL boss changing Indian basketball July 30, 2026 Ahead of the launch of the Indian Basketball League, City AM sat down with the 33-year-old Brit tasked with taking on cricket and kabaddi Jake Lush McCrum is not your run-of-the-mill sports executive. Despite being just 33, the Brit is nearly a decade into senior leadership in sport. But he hasn’t worked his way up [...]
Knicks NBA finals win over Spurs smashes broadcasting records June 17, 2026 The 2026 NBA Finals between the victorious New York Knicks and the San Antonio Spurs was the most watched series this century. The most-watched NBA postseason since 1998 averaged more than 20m viewers across broadcasters ABC and ESPN. And the crucial fifth game, which saw the Madison Square Garden Sports-owned New York Knicks win their [...]
Plans for 25,000-capacity NBA basketball arena called London Colosseum May 14, 2026 The capital is set to get a 25,000-capacity NBA basketball arena in the Olympic Park called the London Colosseum. Jericho Estates, Peacock Gym, Torch Sports and architects Chybik and Kristof have partnered to produce plans for the stadium, which will be near the London 2012 Olympic Stadium – currently used by Premier League club West [...]