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 [...]
Grok AI key to Sport England suspending X account Sport Business Sport England has suspended its activity on Elon Musk’s social media platform X, citing an environment that is “hostile to women and girls”. X, formerly known as Twitter, has been at the centre of a storm relating to its associated Grok AI and claims that it allows users to generate sexually explicit images, including of [...]
Exclusive: Brits don’t trust football and rugby team owners to run clubs properly Sport Business Less than a third of British adults trust football and rugby team owners to “run their clubs in a financially sustainable manner” amid intensifying scrutiny on those who buy sporting institutions. Exclusive Ipsos polling for City AM shows that just 32 per cent of adults trust the owner of their football or rugby club. It [...]
Sport business quiz 2025: Test your knowledge with City AM’s topical teasers December 24, 2025 Quiz fans, have you been paying attention to the ever-changing sport business landscape in 2025? We at City AM have been breathlessly documenting it and have devised a test to see how much you remember. If you think you know your Hundred auctions from your Formula 1 minority sales and your record breaking NBA team [...]
Starmer threatens Abramovich with court over £2.5bn Chelsea proceeds December 17, 2025 Prime Minister Keir Starmer has vowed to take Roman Abramovich to court unless he hands over the £2.5bn proceeds from his sale of Chelsea FC to humanitarian causes in Ukraine. The huge windfall has been frozen in a UK bank account since May 2022, when the sanctioned Russian oligarch sold Chelsea to a US consortium [...]
Exclusive: LIV Golf creator 54 acquires Polo In The Park operator Sportgate December 4, 2025 54, the global agency behind the creation of LIV Golf, has set its sights on elevating another sport steeped in tradition after acquiring Chesterton Polo In The Park organiser Sportgate International. The deal, set to be announced today at the Hurlingham Club in London, will see 54 add its advisory, planning and operations expertise to [...]
Sheffield Wednesday: Chansiri gets three-year ban as tuna tycoon canned December 1, 2025 Sheffield Wednesday’s former owner Dejphon Chansiri has been banned from football for three years for his role in the club’s ongoing financial crisis. Wednesday, one of England’s most historic clubs, are in administration and look destined for relegation to the third tier after a further six-point deduction today left them 23 points adrift at the [...]
LIV Golf is the clear winner of tussle with PGA Tour – it forced change November 29, 2025 Those who see the convergence between LIV Golf and the PGA Tour as a victory for the old order fundamentally misunderstand how disruption works, writes Matt Readman. “What are we even doing here anymore?” That was the reaction of golf journalist and vlogger Dan Rapaport to the news that LIV Golf was shifting from its [...]
Ashes: England cricket fans spend big to get over first Test defeat November 28, 2025 England’s travelling cricket fans splashed the cash in the aftermath of defeat in the first Ashes Test but locals tightened their belts despite Australia’s win, data shows. The Barmy Army spent 59 per cent more in the days immediately after the match, which ended inside two days in Perth, figures shared by Revolut with City [...]
Mercury13: Mata-backed women’s football group lines up Spanish club November 26, 2025 Juan Mata-backed investment group Mercury13 is in advanced negotiations about buying a stake in Spanish top-flight women’s club Levante Badalona. Mercury13, which bought FC Como Women in 2024 before investing in WSL2 club Bristol earlier this year, has pledged $100m to build a global portfolio of clubs, with Badalona earmarked to be its next investment. [...]